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Economic analysis of reactive power compensation in a wind farm: Influence of Spanish energy policy

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  • Martínez, E.
  • Sanz, F.
  • Blanco, J.
  • Daroca, F.
  • Jiménez, E.

Abstract

Presently, renewable energies and especially wind energy are gaining a special relevance in the electrical market worldwide. This current rate of growth brings with it the need for the various wind farms to not limit themselves to producing energy but also provide stability to the network within its capabilities. So, the actual objective is to adapt the installations that produce wind energy in such a way that they give a maximum amount of support in any given moment to the electrical network. For this purpose, there are governing techno-economic parameters that influence the economic behavior of commercial wind farms. A complete cost-benefit analysis model is developed, focused on incorporating automatic capacitor banks into wind farms for the compensation of reactive power. This economic analysis is about doubly fed induction generator (DFIG) wind turbines. Although this kind of wind turbines have a certain capability in terms of modulating reactive power, this capacity is not enough to achieve the new requirements of reactive power regulation in Spain and it is necessary to invest in systems of external compensation.

Suggested Citation

  • Martínez, E. & Sanz, F. & Blanco, J. & Daroca, F. & Jiménez, E., 2008. "Economic analysis of reactive power compensation in a wind farm: Influence of Spanish energy policy," Renewable Energy, Elsevier, vol. 33(8), pages 1880-1891.
    • Handle: RePEc:eee:renene:v:33:y:2008:i:8:p:1880-1891
    DOI: 10.1016/j.renene.2007.11.010
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    References listed on IDEAS

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    1. Tapia, A. & Tapia, G. & Ostolaza, J.X., 2004. "Reactive power control of wind farms for voltage control applications," Renewable Energy, Elsevier, vol. 29(3), pages 377-392.
    2. Jefferson, Michael, 2006. "Sustainable energy development: performance and prospects," Renewable Energy, Elsevier, vol. 31(5), pages 571-582.
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