Cash-flow analysis of a wind turbine operator

Research output: Chapter in Book/Report/Conference proceedingConference contribution

3 Citations (Scopus)

Abstract

The intermittent characteristics of wind energy seriously affect the reliability and output power of wind turbine generator (WTG). The paper outlines a method to evaluate the distribution of WTG operator's daily cash-flow by developing an algorithm based on Monte-Carlo technique. Two-parameter Weibull type probability density function (PDF) is used to model wind profile at two locations. WTG's output is obtained by using power curve while also considering the availability factor derived from the Forced Outage Rate (FOR). The daily cash-flows were obtained by calculating the difference between the revenues from sales of power at feed-in-tariff and the cost of energy. The paper contributes towards a better understanding of wind profile's effect on the expected energy production and the sensitivity of profit distribution to changes in feed-in tariff.

Original languageEnglish
Title of host publicationICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment
Subtitle of host publicationAdvancement Towards Global Sustainability
Pages279-283
Number of pages5
DOIs
Publication statusPublished - 01 Dec 2009
Event2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability, ICEE 2009 - Malacca, Malaysia
Duration: 07 Dec 200908 Dec 2009

Publication series

NameICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability

Other

Other2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability, ICEE 2009
CountryMalaysia
CityMalacca
Period07/12/0908/12/09

Fingerprint

Turbogenerators
Wind turbines
Wind effects
Outages
Wind power
Probability density function
Mathematical operators
Profitability
Sales
Availability
Costs

All Science Journal Classification (ASJC) codes

  • Renewable Energy, Sustainability and the Environment
  • Environmental Engineering

Cite this

Muhamad Razali, N. M., & Hashim, A. H. (2009). Cash-flow analysis of a wind turbine operator. In ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability (pp. 279-283). [5398633] (ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability). https://doi.org/10.1109/ICEENVIRON.2009.5398633
Muhamad Razali, Noor Miza ; Hashim, A. H. / Cash-flow analysis of a wind turbine operator. ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability. 2009. pp. 279-283 (ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability).
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Muhamad Razali, NM & Hashim, AH 2009, Cash-flow analysis of a wind turbine operator. in ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability., 5398633, ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability, pp. 279-283, 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability, ICEE 2009, Malacca, Malaysia, 07/12/09. https://doi.org/10.1109/ICEENVIRON.2009.5398633

Cash-flow analysis of a wind turbine operator. / Muhamad Razali, Noor Miza; Hashim, A. H.

ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability. 2009. p. 279-283 5398633 (ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Muhamad Razali NM, Hashim AH. Cash-flow analysis of a wind turbine operator. In ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability. 2009. p. 279-283. 5398633. (ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability). https://doi.org/10.1109/ICEENVIRON.2009.5398633