Beyond cost-of-energy, the value-of-energy metric and value-centric approaches to design, operations, and maintenance of wind turbines
Abstract
This thesis is oriented toward developers, owners, operators and investors of renewable energy projects. With increasing demand of renewables, our energy dependence comes down to reducing costs associated with this sector so as to compete with the existing sources. One way of valuing investment potential is to determine and then compare the overall value derived by investing in a particular project. Several engineering and financial levers, one of which is operation and maintenance, affect this value. This thesis provides a useful visual aid to owners and operators by which they can operate and maintain their wind farm so as to achieve maximum value throughout its lifetime. All the necessary components that go into developing a business model of a wind farm project will be discussed. Finally, this tool is valid within the assumptions that are explicitly stated. Real world data and trends are used to provide a practical approach to the optimization.
Degree
M.S.A.A.
Advisors
Marais, Purdue University.
Subject Area
Alternative Energy|Aerospace engineering|Electrical engineering|Industrial engineering|Energy
Off-Campus Purdue Users:
To access this dissertation, please log in to our
proxy server.