Articles | Volume 5, issue 4
Wind Energ. Sci., 5, 1435–1448, 2020
https://doi.org/10.5194/wes-5-1435-2020
Wind Energ. Sci., 5, 1435–1448, 2020
https://doi.org/10.5194/wes-5-1435-2020
Research article
31 Oct 2020
Research article | 31 Oct 2020

Operational-based annual energy production uncertainty: are its components actually uncorrelated?

Nicola Bodini and Mike Optis

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Latest update: 04 Dec 2022
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Short summary
Calculations of annual energy production (AEP) and its uncertainty are critical for wind farm financial transactions. Standard industry practice assumes that different uncertainty categories within an AEP calculation are uncorrelated and can therefore be combined through a sum of squares approach. In this project, we show the limits of this assumption by performing operational AEP estimates for over 470 wind farms in the United States and propose a more accurate way to combine uncertainties.