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http://dx.doi.org/10.7737/KMSR.2013.30.2.001

Influences of Energy Production Estimation Errors on Project Feasibility Indicators of a Wind Project and Critical Factor Analysis by AHP  

Kim, Youngkyung (서울과학기술대)
Chang, Byungman (서울과학기술대 글로벌융합산업공학과)
Publication Information
Korean Management Science Review / v.30, no.2, 2013 , pp. 1-10 More about this Journal
Abstract
Case studies are made to investigate the relationship between the accuracy of energy production estimation and project feasibility indicators such as rate of return on equity (ROE) and debt service coverage ratio (DSCR) for three wind farm projects. It is found out that 1% improvement in the accuracy of energy production estimation may enhance the ROE by more than 0.5% in the case of P95, thanks to improved financing terms. AHP survey shows that MCP correlation of measured in situ wind data with long term wind speed distribution and hands-on experiences of flow analysis are more important than other factors for more precise annual energy production estimation.
Keywords
Wind Project; AEP Estimation Error; Exceedance Probability; AHP;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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