Articles | Volume 9, issue 12
https://doi.org/10.5194/wes-9-2283-2024
https://doi.org/10.5194/wes-9-2283-2024
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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Cited articles

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Bastankhah, M. and Porté-Agel, F.: A new analytical model for wind-turbine wakes, Renew. Energ., 70, 116–123, 2014. a
Bortolotti, P., Bay, C., Barter, G., Gaertner, E., Dykes, K., McWilliam, M., Friis-Moller, M., Molgaard Pedersen, M., and Zahle, F.: System Modeling Frameworks for Wind Turbines and Plants: Review and Requirements Specifications, Tech. Rep. March, https://www.nrel.gov/docs/fy22osti/82621.pdf (last access: 15 October 2023), 2022. a
BVG Associates: Guide to an offshore wind farm, https://guidetoanoffshorewindfarm.com/guide (last access: 12 Feburary 2024), 2019. a
Chehouri, A., Younes, R., Ilinca, A., and Perron, J.: Review of performance optimization techniques applied to wind turbines, Appl. Energ., 142, 361–388, https://doi.org/10.1016/J.APENERGY.2014.12.043, 2015. a
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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