Improving Wind Power Market Value with Various Aspects of Diversification: Preprint
The wind generation share in many European bidding zones is already large enough to impact the market value of wind power and wind energy is getting less-than-average market price in day-ahead markets. As alternatives to investing in dedicated energy storage, there are two main ways to mitigate the decreasing market value trend, the first being different diversification measures (geographical spread, alternative wind turbine technologies, integration with solar), and the second being demand flexibility measures. Examples of these measures from some European and USA studies are given in this article, which stems from the international collaboration under IEA Wind TCP Tasks 25 and 53.
- Research Organization:
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Wind Energy Technologies Office
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1991208
- Report Number(s):
- NREL/CP-5000-86389; MainId:87162; UUID:2b5472a2-82b5-40a9-8c4d-7a1da41507cc; MainAdminID:69949
- Country of Publication:
- United States
- Language:
- English
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