Performance of Wind Turbine Generators from MONTE CARLO SIMULATION of Wind Speed

February 6th, 2015 No Comments   Posted in Monte Carlo Simulation

Performance of Wind Turbine Generators from MONTE CARLO SIMULATION of Wind Speed

Be a wind energy and power generation expert.

Follow the methodology and explanation below. Get hold of the advanced tools too, namely:

 

1) Wind energy resource monitoring (from wind anemometer measurements and data logger or wind map and resource providers such as 3-TIER, NREL, etc.)

2) Monte Carlo Simulation of wind speed (wind speed = average wind speed +/- standard deviation)

3) Annual power generation using power curve of wind turbine model and calculation of capacity factor

4) Overnight capital cost per kW of major wind turbine manufacturers

5) Project finance modeling (deterministic and stochastic with Monte Carlo Simulation) More »