Valuation of Distributed Wind in an Isolated System

Remote communities are increasingly adopting renewable energy, such as wind, as they transition away from diesel energy generation. It is important to understand the benefits and costs of wind energy to isolated systems so that decision-makers can optimize their choices in these communities. There a...

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Autores principales:	Sarah Barrows, Kendall Mongird, Brian Naughton, Rachid Darbali-Zamora
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	isolated systems distributed wind valuation economics benefit–cost analysis distributed energy resources Technology T
Acceso en línea:	https://doaj.org/article/e1f06631c41c4d6e92a1a17a3c84854a
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spelling	oai:doaj.org-article:e1f06631c41c4d6e92a1a17a3c84854a2021-11-11T15:46:50ZValuation of Distributed Wind in an Isolated System10.3390/en142169561996-1073https://doaj.org/article/e1f06631c41c4d6e92a1a17a3c84854a2021-10-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/21/6956https://doaj.org/toc/1996-1073Remote communities are increasingly adopting renewable energy, such as wind, as they transition away from diesel energy generation. It is important to understand the benefits and costs of wind energy to isolated systems so that decision-makers can optimize their choices in these communities. There are few examples of valuation of wind energy as a distributed resource and numerous differences in valuation approaches, especially in the inclusion of environmental and economic impacts. We apply a distributed wind valuation framework to calculate the benefits and costs of wind in St. Mary’s, Alaska, to the local electric cooperative and to society, finding that the project does not have a favorable benefit-to-cost ratio unless societal benefits are included, in which case the benefit-to-cost ratio is nearly double. Government funding is important to reducing the initial capital expenditures of this wind project and will likely be the case for projects with similar characteristics. Additional fuel savings benefits are potentially possible for this project through technological additions such as energy storage and advanced controls.Sarah BarrowsKendall MongirdBrian NaughtonRachid Darbali-ZamoraMDPI AGarticleisolated systemsdistributed windvaluationeconomicsbenefit–cost analysisdistributed energy resourcesTechnologyTENEnergies, Vol 14, Iss 6956, p 6956 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	isolated systems distributed wind valuation economics benefit–cost analysis distributed energy resources Technology T
spellingShingle	isolated systems distributed wind valuation economics benefit–cost analysis distributed energy resources Technology T Sarah Barrows Kendall Mongird Brian Naughton Rachid Darbali-Zamora Valuation of Distributed Wind in an Isolated System
description	Remote communities are increasingly adopting renewable energy, such as wind, as they transition away from diesel energy generation. It is important to understand the benefits and costs of wind energy to isolated systems so that decision-makers can optimize their choices in these communities. There are few examples of valuation of wind energy as a distributed resource and numerous differences in valuation approaches, especially in the inclusion of environmental and economic impacts. We apply a distributed wind valuation framework to calculate the benefits and costs of wind in St. Mary’s, Alaska, to the local electric cooperative and to society, finding that the project does not have a favorable benefit-to-cost ratio unless societal benefits are included, in which case the benefit-to-cost ratio is nearly double. Government funding is important to reducing the initial capital expenditures of this wind project and will likely be the case for projects with similar characteristics. Additional fuel savings benefits are potentially possible for this project through technological additions such as energy storage and advanced controls.
format	article
author	Sarah Barrows Kendall Mongird Brian Naughton Rachid Darbali-Zamora
author_facet	Sarah Barrows Kendall Mongird Brian Naughton Rachid Darbali-Zamora
author_sort	Sarah Barrows
title	Valuation of Distributed Wind in an Isolated System
title_short	Valuation of Distributed Wind in an Isolated System
title_full	Valuation of Distributed Wind in an Isolated System
title_fullStr	Valuation of Distributed Wind in an Isolated System
title_full_unstemmed	Valuation of Distributed Wind in an Isolated System
title_sort	valuation of distributed wind in an isolated system
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/e1f06631c41c4d6e92a1a17a3c84854a
work_keys_str_mv	AT sarahbarrows valuationofdistributedwindinanisolatedsystem AT kendallmongird valuationofdistributedwindinanisolatedsystem AT briannaughton valuationofdistributedwindinanisolatedsystem AT rachiddarbalizamora valuationofdistributedwindinanisolatedsystem
_version_	1718434058173677568

Valuation of Distributed Wind in an Isolated System

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