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Wind Energy Feasibility. Taylor R. Edwards. Scenario. Client seeking risk analysis and turbine recommendation Coastal residential property Humboldt County, CA PG&E. http:// edcallaert.photoshelter.com /image/I0000XV7mSClolgw. Procedure. Engineering Economics. Wind Turbines Tested.
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Wind Energy Feasibility Taylor R. Edwards
Scenario • Client seeking risk analysis and turbine recommendation • Coastal residential property • Humboldt County, CA • PG&E http://edcallaert.photoshelter.com/image/I0000XV7mSClolgw
Procedure • Engineering Economics
Wind Speed Data • Data • 54 years of data • Recorded at 10 meters • Average speed 7.5m/s • Foreign data
Probability of Present Value • Turbines are compared using respective present values that are estimated to have 95% probability of being met or exceeded • The 5th percentile present value • Probability of negative present value
Probability Calculations • Random sampling • 5th percentile present value • Probability of negative present value, loss on investment
General Electric 1.5S • 1,500 kW turbine is most suitable http://www.ge-energy.com/products_and_services/products/wind_turbines/ge_1.5_77_wind_turbine.jsp
Energy to Money http://sfbayview.com/2011/pge-disregards-precautionary-principle-with-smart-meters/ http://reich-chemistry.wikispaces.com/Mann.+McLaughlin
Probability Density Function • Type I Extremal