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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. Wind Turbines Tested. Wind Speed Data. Data
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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
Wind Speed Data • Data • 54 years of data • Recorded at 10 meters • Average speed 6.6 m/s • Foreign data
Energy to Money http://sfbayview.com/2011/pge-disregards-precautionary-principle-with-smart-meters/ http://reich-chemistry.wikispaces.com/Mann.+McLaughlin
Probability of Annual Earning • Wind turbines are compared using individual annual earnings that are found to have a 90% probability of being exceeded.
Probability Density Function • Type I Extremal
Feasibility Measurements • Payback time • Net gain on investment • Return on investment (ROI) • Rate of return (ROR)
ROI & ROR • Return on Investment • Rate of Return
General Electric 1.5S • 1,500 kW turbine is most suitable • Compare other 1,500 kW turbines • Micon NM82, Nordex S70 http://www.ge-energy.com/products_and_services/products/wind_turbines/ge_1.5_77_wind_turbine.jsp
Next Steps • In-depth economic analysis • Probability of payback time, net gain