DOE PAGES title logo U.S. Department of Energy
Office of Scientific and Technical Information

Title: Valuing wind as a distributed energy resource: A literature review

Journal Article · · Renewable and Sustainable Energy Reviews

As more distributed energy resources are deployed on electric grid systems across the world, it is important to identify, characterize, and quantify the value elements of different types of distributed energy resources so that policymakers, developers, and utilities can make informed energy deployment decisions. This paper focuses on the value of wind energy as a distributed energy resource (i.e., “distributed wind”). Because of a lack of distributed wind-specific valuation studies, in this review we document the current state of distributed energy resource valuation, analyze a wide array of distributed energy resource valuation metastudies, and identify several value elements for which we recommend developing more robust and standardized calculation methodologies for their potential inclusion in distributed wind valuation. These value elements are ancillary services and locational, resilience, reliability, and resource diversity benefits. Furthermore, this work lays the foundation for a future comprehensive framework for distributed wind valuation studies.

Research Organization:
Pacific Northwest National Laboratory (PNNL), Richland, WA (United States)
Sponsoring Organization:
USDOE; USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Wind Energy Technologies Office
Grant/Contract Number:
AC05-76RL01830
OSTI ID:
1827294
Report Number(s):
PNNL-SA--166330
Journal Information:
Renewable and Sustainable Energy Reviews, Journal Name: Renewable and Sustainable Energy Reviews Vol. 152; ISSN 1364-0321
Publisher:
ElsevierCopyright Statement
Country of Publication:
United States
Language:
English

References (12)

Feasibility evaluation of Greek State 1990–2001 wind energy program journal November 2003
Distributed generation: a definition journal April 2001
The carbon payback of micro-generation: An integrated hybrid input–output approach journal April 2014
Public and private attitudes towards “green” electricity: the case of Swedish wind power journal September 2005
The economics of distributed energy generation: A literature review journal February 2015
Job creation potentials and skill requirements in, PV, CSP, wind, water-to-energy and energy efficiency value chains journal December 2015
Economic valuation of an offshore wind farm in Greece: The role of individual׳s base-state influences and beliefs in the value formation process journal December 2015
Compound real options valuation of renewable energy projects: The case of a wind farm in Serbia journal August 2017
Real option valuation in renewable energy literature: Research focus, trends and design journal December 2017
Energy and economic performance of small wind energy systems under different climatic conditions of South Africa journal December 2018
A lifecycle financial analysis model for offshore wind farms journal April 2019
Life cycle environmental impacts of wind energy technologies: A review of simplified models and harmonization of the results journal September 2019