Offshore Wind Energy Cost Modeling

Offshore Wind Energy Cost Modeling

Author: Mark J Kaiser

Publisher: Springer Science & Business Media

Published: 2012-01-12

Total Pages: 243

ISBN-13: 144712488X

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Offshore wind energy is one of the most promising and fastest growing alternative energy sources in the world. Offshore Wind Energy Cost Modeling provides a methodological framework to assess installation and decommissioning costs, and using examples from the European experience, provides a broad review of existing processes and systems used in the offshore wind industry. Offshore Wind Energy Cost Modeling provides a step-by-step guide to modeling costs over four sections. These sections cover: ·Background and introductory material, ·Installation processes and vessel requirements, ·Installation cost estimation, and ·Decommissioning methods and cost estimation. This self-contained and detailed treatment of the key principles in offshore wind development is supported throughout by visual aids and data tables. Offshore Wind Energy Cost Modeling is a key resource for anyone interested in the offshore wind industry, particularly those interested in the technical and economic aspects of installation and decommissioning. The book provides a reliable point of reference for industry practitioners and policy makers developing generalizable installation or decommissioning cost estimates.


Book Synopsis Offshore Wind Energy Cost Modeling by : Mark J Kaiser

Download or read book Offshore Wind Energy Cost Modeling written by Mark J Kaiser and published by Springer Science & Business Media. This book was released on 2012-01-12 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offshore wind energy is one of the most promising and fastest growing alternative energy sources in the world. Offshore Wind Energy Cost Modeling provides a methodological framework to assess installation and decommissioning costs, and using examples from the European experience, provides a broad review of existing processes and systems used in the offshore wind industry. Offshore Wind Energy Cost Modeling provides a step-by-step guide to modeling costs over four sections. These sections cover: ·Background and introductory material, ·Installation processes and vessel requirements, ·Installation cost estimation, and ·Decommissioning methods and cost estimation. This self-contained and detailed treatment of the key principles in offshore wind development is supported throughout by visual aids and data tables. Offshore Wind Energy Cost Modeling is a key resource for anyone interested in the offshore wind industry, particularly those interested in the technical and economic aspects of installation and decommissioning. The book provides a reliable point of reference for industry practitioners and policy makers developing generalizable installation or decommissioning cost estimates.


Renewable Energy Cost Modeling :.

Renewable Energy Cost Modeling :.

Author: Jason S. Gifford

Publisher:

Published: 2011

Total Pages:

ISBN-13:

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Book Synopsis Renewable Energy Cost Modeling :. by : Jason S. Gifford

Download or read book Renewable Energy Cost Modeling :. written by Jason S. Gifford and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:


Renewable Energy Cost Modeling

Renewable Energy Cost Modeling

Author:

Publisher:

Published: 2011

Total Pages: 89

ISBN-13:

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This report is intended to serve as a resource for policymakers who wish to learn more about establishing cost-based incentives. The report will identify key renewable energy cost modeling options, highlight the policy implications of choosing one approach over the other, and present recommendations on the optimal characteristics of a model to calculate rates for cost-based incentives, feed-in tariffs (FITs), or similar policies. These recommendations will be utilized in designing the Cost of Renewable Energy Spreadsheet Tool (CREST). Three CREST models will be publicly available and capable of analyzing the cost of energy associated with solar, wind, and geothermal electricity generators. The CREST models will be developed for use by state policymakers, regulators, utilities, developers, and other stakeholders to assist them in current and future rate-setting processes for both FIT and other renewable energy incentive payment structures and policy analyses.


Book Synopsis Renewable Energy Cost Modeling by :

Download or read book Renewable Energy Cost Modeling written by and published by . This book was released on 2011 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is intended to serve as a resource for policymakers who wish to learn more about establishing cost-based incentives. The report will identify key renewable energy cost modeling options, highlight the policy implications of choosing one approach over the other, and present recommendations on the optimal characteristics of a model to calculate rates for cost-based incentives, feed-in tariffs (FITs), or similar policies. These recommendations will be utilized in designing the Cost of Renewable Energy Spreadsheet Tool (CREST). Three CREST models will be publicly available and capable of analyzing the cost of energy associated with solar, wind, and geothermal electricity generators. The CREST models will be developed for use by state policymakers, regulators, utilities, developers, and other stakeholders to assist them in current and future rate-setting processes for both FIT and other renewable energy incentive payment structures and policy analyses.


Electricity Cost Modeling Calculations

Electricity Cost Modeling Calculations

Author: Monica Greer

Publisher: Academic Press

Published: 2021-09-10

Total Pages: 424

ISBN-13: 0128213728

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Reducing greenhouse gases and increasing the use of renewable energy continue to be critical goals for the power industry and electrical engineers to promote energy cost reductions. Engineers and researchers must keep up to date with the evolution of the power system sector, new energy regulations, and how different pricing techniques apply in today’s market. Electricity Cost Modeling Calculations, Second Edition delivers an updated view on pricing models, regulation, technology and the role renewable energy is starting to take in electricity. Starting with fundamental concepts relating to market structure, an increase in international regulations is added to expand the engineer’s knowledge. Cubic cost modeling and new modeling cases are included along with updated literature reviews for deeper research. The reference then extends into more advanced quantitative methods such as updated rate designs, and a new chapter is included on the marginal cost pricing of electricity in the United States with applications to reduce greenhouse gas emissions, making the reference relevant for today’s power markets. This book provides engineers with a practical guide on the latest techniques in electricity pricing and applications for today’s markets. Provides updates on international regulations and the role of renewable energy sources Presents foundational concepts and advanced quantitative aspects including updated practical case studies Discusses the appropriate rate/tariff structure for more efficient use of electricity and renewable options


Book Synopsis Electricity Cost Modeling Calculations by : Monica Greer

Download or read book Electricity Cost Modeling Calculations written by Monica Greer and published by Academic Press. This book was released on 2021-09-10 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reducing greenhouse gases and increasing the use of renewable energy continue to be critical goals for the power industry and electrical engineers to promote energy cost reductions. Engineers and researchers must keep up to date with the evolution of the power system sector, new energy regulations, and how different pricing techniques apply in today’s market. Electricity Cost Modeling Calculations, Second Edition delivers an updated view on pricing models, regulation, technology and the role renewable energy is starting to take in electricity. Starting with fundamental concepts relating to market structure, an increase in international regulations is added to expand the engineer’s knowledge. Cubic cost modeling and new modeling cases are included along with updated literature reviews for deeper research. The reference then extends into more advanced quantitative methods such as updated rate designs, and a new chapter is included on the marginal cost pricing of electricity in the United States with applications to reduce greenhouse gas emissions, making the reference relevant for today’s power markets. This book provides engineers with a practical guide on the latest techniques in electricity pricing and applications for today’s markets. Provides updates on international regulations and the role of renewable energy sources Presents foundational concepts and advanced quantitative aspects including updated practical case studies Discusses the appropriate rate/tariff structure for more efficient use of electricity and renewable options


Renewable energy cost modeling

Renewable energy cost modeling

Author: Jason S. Gifford

Publisher:

Published: 2011

Total Pages: 76

ISBN-13:

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Book Synopsis Renewable energy cost modeling by : Jason S. Gifford

Download or read book Renewable energy cost modeling written by Jason S. Gifford and published by . This book was released on 2011 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Modeling and Simulation of Smart Grid Integrated with Hybrid Renewable Energy Systems

Modeling and Simulation of Smart Grid Integrated with Hybrid Renewable Energy Systems

Author: Mohamed Abdelaziz Mohamed

Publisher: Springer

Published: 2017-08-03

Total Pages: 75

ISBN-13: 3319647954

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This book presents a comprehensive definition of smart grids and their benefits, and compares smart and traditional grids. It also introduces a design methodology for stand-alone hybrid renewable energy system with and without applying the smart grid concepts for comparison purposes. It discusses using renewable energy power plants to feed loads in remote areas as well as in central power plants connected to electric utilities. Smart grid concepts used in the design of the hybrid renewable power systems can reduce the size of components, which can be translated to a reduction in the cost of generated energy. The proposed hybrid renewable energy system includes wind, photovoltaic, battery, and diesel, and is used initially to feed certain loads, covering the load required completely. The book introduces a novel methodology taking the smart grid concept into account by dividing the loads into high and low priority parts. The high priority part should be supplied at any generated conditions. However, the low priority loads can be shifted to the time when the generated energy from renewable energy sources is greater than the high priority loads requirements. The results show that the use of this smart grid concept reduces the component size and the cost of generated energy compared to that without dividing the loads. The book also describes the use of smart optimization techniques like particle swarm optimization (PSO) and genetic algorithm (GA) to optimally design the hybrid renewable energy system. This book provides an excellent background to renewable energy sources, optimal sizing and locating of hybrid renewable energy sources, the best optimization methodologies for sizing and designing the components of hybrid renewable energy systems, and offers insights into using smart grid concepts in the system’s design and sizing. It also helps readers understand the dispatch methodology and how to connect the system’s different components, their modeling, and the cost analysis of the system.


Book Synopsis Modeling and Simulation of Smart Grid Integrated with Hybrid Renewable Energy Systems by : Mohamed Abdelaziz Mohamed

Download or read book Modeling and Simulation of Smart Grid Integrated with Hybrid Renewable Energy Systems written by Mohamed Abdelaziz Mohamed and published by Springer. This book was released on 2017-08-03 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive definition of smart grids and their benefits, and compares smart and traditional grids. It also introduces a design methodology for stand-alone hybrid renewable energy system with and without applying the smart grid concepts for comparison purposes. It discusses using renewable energy power plants to feed loads in remote areas as well as in central power plants connected to electric utilities. Smart grid concepts used in the design of the hybrid renewable power systems can reduce the size of components, which can be translated to a reduction in the cost of generated energy. The proposed hybrid renewable energy system includes wind, photovoltaic, battery, and diesel, and is used initially to feed certain loads, covering the load required completely. The book introduces a novel methodology taking the smart grid concept into account by dividing the loads into high and low priority parts. The high priority part should be supplied at any generated conditions. However, the low priority loads can be shifted to the time when the generated energy from renewable energy sources is greater than the high priority loads requirements. The results show that the use of this smart grid concept reduces the component size and the cost of generated energy compared to that without dividing the loads. The book also describes the use of smart optimization techniques like particle swarm optimization (PSO) and genetic algorithm (GA) to optimally design the hybrid renewable energy system. This book provides an excellent background to renewable energy sources, optimal sizing and locating of hybrid renewable energy sources, the best optimization methodologies for sizing and designing the components of hybrid renewable energy systems, and offers insights into using smart grid concepts in the system’s design and sizing. It also helps readers understand the dispatch methodology and how to connect the system’s different components, their modeling, and the cost analysis of the system.


Integrated Agent-Based and Production Cost Modeling Framework for Renewable Energy Studies: Preprint

Integrated Agent-Based and Production Cost Modeling Framework for Renewable Energy Studies: Preprint

Author:

Publisher:

Published: 2015

Total Pages: 0

ISBN-13:

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The agent-based framework for renewable energy studies (ARES) is an integrated approach that adds an agent-based model of industry actors to PLEXOS and combines the strengths of the two to overcome their individual shortcomings. It can examine existing and novel wholesale electricity markets under high penetrations of renewables. ARES is demonstrated by studying how increasing levels of wind will impact the operations and the exercise of market power of generation companies that exploit an economic withholding strategy. The analysis is carried out on a test system that represents the Electric Reliability Council of Texas energy-only market in the year 2020. The results more realistically reproduce the operations of an energy market under different and increasing penetrations of wind, and ARES can be extended to address pressing issues in current and future wholesale electricity markets.


Book Synopsis Integrated Agent-Based and Production Cost Modeling Framework for Renewable Energy Studies: Preprint by :

Download or read book Integrated Agent-Based and Production Cost Modeling Framework for Renewable Energy Studies: Preprint written by and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The agent-based framework for renewable energy studies (ARES) is an integrated approach that adds an agent-based model of industry actors to PLEXOS and combines the strengths of the two to overcome their individual shortcomings. It can examine existing and novel wholesale electricity markets under high penetrations of renewables. ARES is demonstrated by studying how increasing levels of wind will impact the operations and the exercise of market power of generation companies that exploit an economic withholding strategy. The analysis is carried out on a test system that represents the Electric Reliability Council of Texas energy-only market in the year 2020. The results more realistically reproduce the operations of an energy market under different and increasing penetrations of wind, and ARES can be extended to address pressing issues in current and future wholesale electricity markets.


Value of Demand Response: Quantities from Production Cost Modeling (Presentation)

Value of Demand Response: Quantities from Production Cost Modeling (Presentation)

Author:

Publisher:

Published: 2014

Total Pages: 0

ISBN-13:

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Demand response (DR) resources present a potentially important source of grid flexibility particularly on future systems with high penetrations of variable wind and solar power generation. However, managed loads in grid models are limited by data availability and modeling complexity. This presentation focuses on the value of co-optimized DR resources to provide energy and ancillary services in aproduction cost model. There are significant variations in the availabilities of different types of DR resources, which affect both the operational savings as well as the revenue for each DR resource. The results presented include the system-wide avoided fuel and generator start-up costs as well as the composite revenue for each DR resource by energy and operating reserves. In addition, therevenue is characterized by the capacity, energy, and units of DR enabled.


Book Synopsis Value of Demand Response: Quantities from Production Cost Modeling (Presentation) by :

Download or read book Value of Demand Response: Quantities from Production Cost Modeling (Presentation) written by and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demand response (DR) resources present a potentially important source of grid flexibility particularly on future systems with high penetrations of variable wind and solar power generation. However, managed loads in grid models are limited by data availability and modeling complexity. This presentation focuses on the value of co-optimized DR resources to provide energy and ancillary services in aproduction cost model. There are significant variations in the availabilities of different types of DR resources, which affect both the operational savings as well as the revenue for each DR resource. The results presented include the system-wide avoided fuel and generator start-up costs as well as the composite revenue for each DR resource by energy and operating reserves. In addition, therevenue is characterized by the capacity, energy, and units of DR enabled.


Offshore Wind Balance-of-System Cost Modeling

Offshore Wind Balance-of-System Cost Modeling

Author:

Publisher:

Published: 2015

Total Pages: 0

ISBN-13:

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Offshore wind balance-of-system (BOS) costs contribute up to 70% of installed capital costs. Thus, it is imperative to understand the impact of these costs on project economics as well as potential cost trends for new offshore wind technology developments. As a result, the National Renewable Energy Laboratory (NREL) developed and recently updated a BOS techno-economic model using project cost estimates created from wind energy industry sources.


Book Synopsis Offshore Wind Balance-of-System Cost Modeling by :

Download or read book Offshore Wind Balance-of-System Cost Modeling written by and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offshore wind balance-of-system (BOS) costs contribute up to 70% of installed capital costs. Thus, it is imperative to understand the impact of these costs on project economics as well as potential cost trends for new offshore wind technology developments. As a result, the National Renewable Energy Laboratory (NREL) developed and recently updated a BOS techno-economic model using project cost estimates created from wind energy industry sources.


A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies

A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies

Author: Walter Short

Publisher:

Published: 2005

Total Pages: 96

ISBN-13: 9781410221056

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A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies provides guidance on economic evaluation approaches, metrics, and levels of detail required, while offering a consistent basis on which analysts can perform analyses using standard assumptions and bases. It not only provides information on the primary economic measures used in economic analyses and the fundamentals of finance but also provides guidance focused on the special considerations required in the economic evaluation of energy efficiency and renewable energy systems.


Book Synopsis A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies by : Walter Short

Download or read book A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies written by Walter Short and published by . This book was released on 2005 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies provides guidance on economic evaluation approaches, metrics, and levels of detail required, while offering a consistent basis on which analysts can perform analyses using standard assumptions and bases. It not only provides information on the primary economic measures used in economic analyses and the fundamentals of finance but also provides guidance focused on the special considerations required in the economic evaluation of energy efficiency and renewable energy systems.