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Wind Power Development: Opportunities and Challenges AgEcon
van Kooten, G. Cornelis; Timilsina, Govinda R..
In this study, the prospects of wind power at the global level are reviewed. Existing studies indicate that the earth’s wind energy supply potential significantly exceeds global energy demand. Yet, only 1% of the global electricity demand is currently derived from wind power despite 40% annual growth in wind generating capacity over the last 25 years. More than 98% of total current wind power capacity is installed in the developed countries plus China and India. Existing studies estimate that wind power could supply 7% to 34% of global electricity needs by 2050. Wind power faces a large number of technical, financial, institutional, market and other barriers. To overcome these, many countries have employed various policy instruments, including capital...
Tipo: Working or Discussion Paper Palavras-chave: Wind energy; Renewable energy; Electricity grids; Resource /Energy Economics and Policy; Q25; Q32; Q42; Q48.
Ano: 2008 URL: http://purl.umn.edu/45665
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Wind Power: The Economic Impact of Intermittency AgEcon
van Kooten, G. Cornelis.
Wind is the fastest growing renewable energy source for generating electricity, but economic research lags behind. In this study, therefore, we examine the economics of integrating large-scale wind energy into an existing electrical grid. Using a simple grid management model to investigate the impact of various levels of wind penetration on grid management costs, we show that costs of reducing CO2 emissions by relying more on wind power depend on the generation mix of the existing electricity grid and the degree of wind penetration, with costs ranging from $21 to well over $1000 per tonne of CO2 reduced. Costs are lowest if wind displaces large amounts of fossil fuel production and there is some hydroelectric power to act as a buffer. Hydro capacity has...
Tipo: Working or Discussion Paper Palavras-chave: Wind power; Carbon costs; Electricity grids; Mathematical programming; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q54; Q41; C61.
Ano: 2009 URL: http://purl.umn.edu/54370
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