Wind Energy Science
Wind Energy Science
WES
Articles | Volume 9, issue 12
Articles | Volume 9, issue 12
https://doi.org/10.5194/wes-9-2283-2024
© Author(s) 2024. This work is distributed under
the Creative Commons Attribution 4.0 License.
https://doi.org/10.5194/wes-9-2283-2024
© Author(s) 2024. This work is distributed under
the Creative Commons Attribution 4.0 License.
Articles | Volume 9, issue 12
Research article
 | 
05 Dec 2024
Research article |  | 05 Dec 2024

Designing wind turbines for profitability in the day-ahead market

Mihir Kishore Mehta, Michiel Zaaijer, and Dominic von Terzi

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Short summary
In a subsidy-free era, there is a need to optimize wind turbines for maximizing farm revenue instead of minimizing cost of energy. A wind-farm-level modeling framework with a simplified market model is used to optimize the turbine size for maximum profitability. The results show that the optimum size is driven mainly by the choice of the economic metric and the market price scenario, with a design optimized for the cost of energy already performing well w.r.t. most profitability-based metrics
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