Posters - WindEurope Annual Event 2024

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Come meet the poster presenters to ask them questions and discuss their work

We would like to invite you to come and see the posters at our upcoming conference. The posters will showcase a diverse range of research topics, and will give delegates an opportunity to engage with the authors and learn more about their work. Whether you are a seasoned researcher or simply curious about the latest developments in your field, we believe that the posters will offer something of interest to everyone. So please join us at the conference and take advantage of this opportunity to learn and engage with your peers in the academic community. We look forward to seeing you there!

PO246: Incorporating electricity prices in wind turbine design: Introducing the AEPVmetric

Andreas Bechmann, Senior Scientist, DTU


This paper presents a new wind turbine design metric, the Annual Energy Production Value (AEPV), that considers the negative correlation between energy production and market prices in open-market grids with high wind energy penetration. By incorporating realistic information on expected hourly energy price and production into design optimisation, AEPV provides a more practical revenue-optimisation metric than the traditional Annual Energy Production (AEP). We illustrate this by comparing the revenues of wind turbines operating under the same wind climates but in different electricity markets. The results demonstrate significant revenue discrepancies between markets despite having the same average electricity price. The study concludes that more than optimising for specific wind climates alone is required; future wind turbine designs must also account for the specific energy market conditions. The AEPV metric facilitates this shift towards market-responsive wind turbine designs, aligning with industry trends towards higher capacity factors and lower power production.

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