메뉴 건너뛰기




Volumn 38, Issue 7, 2010, Pages 3245-3256

Optimal wind power deployment in Europe-A portfolio approach

Author keywords

Geographic diversification; Portfolio theory; Wind power variability

Indexed keywords

AUSTRIA; CROSS-BORDER; DENMARK; ELECTRICITY MARKET DESIGN; EUROPEAN COUNTRIES; GEOGRAPHIC DISPERSION; GEOGRAPHIC DIVERSIFICATION; GERMANY; INTERCONNECTION CAPACITY; MEAN VARIANCE; OPTIMAL PORTFOLIOS; OUTPUT VARIABILITY; PORTFOLIO THEORIES; POTENTIAL EFFICIENCY; PRODUCTION DATA; RELIABILITY COSTS; RENEWABLES; SUPPORT MECHANISM; SUPPORT POLICY; TOTAL VARIANCE; TRANSMISSION CONSTRAINT; WIND FARM; WIND RESOURCES;

EID: 77953724281     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2009.07.048     Document Type: Article
Times cited : (152)

References (43)
  • 1
    • 33751409661 scopus 로고    scopus 로고
    • Wind electricity in Denmark: a survey of policies, their effectiveness and factors motivating their introduction
    • June 2007
    • Agnolucci P. Wind electricity in Denmark: a survey of policies, their effectiveness and factors motivating their introduction. Renewable and Sustainable Energy Reviews 2007, 11(5):951-963. June 2007.
    • (2007) Renewable and Sustainable Energy Reviews , vol.11 , Issue.5 , pp. 951-963
    • Agnolucci, P.1
  • 2
    • 0034333087 scopus 로고    scopus 로고
    • Investing in photovoltaics: risk, accounting and the value of new Technology
    • Awerbuch Sh. Investing in photovoltaics: risk, accounting and the value of new Technology. Energy Policy 2000, 28:1023-1035.
    • (2000) Energy Policy , vol.28 , pp. 1023-1035
    • Awerbuch, S.1
  • 4
    • 77953715668 scopus 로고    scopus 로고
    • Applying portfolio theory to EU electricity planning and policy-making. IEA Research Paper, Paris, February 2003, 〈〉.
    • Awerbuch, Sh., Berger, M., 2003. Applying portfolio theory to EU electricity planning and policy-making. IEA Research Paper, Paris, February 2003, 〈〉. http://www.iea.org/techno/renew/port.pdf.
    • (2003)
    • Awerbuch, Sh.1    Berger, M.2
  • 5
    • 11744294702 scopus 로고
    • A portfolio approach to fossil fuel procurement in the electric utility industry
    • Bar-Lev D., Katz S. A portfolio approach to fossil fuel procurement in the electric utility industry. Journal of Finance 1976, 31(3):933-947.
    • (1976) Journal of Finance , vol.31 , Issue.3 , pp. 933-947
    • Bar-Lev, D.1    Katz, S.2
  • 6
    • 77953702197 scopus 로고    scopus 로고
    • Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch. Elsevier (October 2008). ISBN-13: 978-0-08-056887-4.
    • Bazilian, M., Roques, F., 2008. Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch. Elsevier (October 2008). ISBN-13: 978-0-08-056887-4.
    • (2008)
    • Bazilian, M.1    Roques, F.2
  • 7
    • 77952344913 scopus 로고    scopus 로고
    • Economic properties of wind power, a European assessment. Energy Policy, this issue, doi: 10.1016/j.enpol.2009.07.033.
    • Boccard, N., 2009. Economic properties of wind power, a European assessment. Energy Policy, this issue, doi: 10.1016/j.enpol.2009.07.033.
    • (2009)
    • Boccard, N.1
  • 8
    • 43149121829 scopus 로고    scopus 로고
    • On the effect of spatial dispersion of wind power plants on the wind energy capacity credit in Greece
    • January-March 2008
    • Caralis G., Perivolaris Y., Rados K., Zervos A. On the effect of spatial dispersion of wind power plants on the wind energy capacity credit in Greece. Environmental Research Letters 2008, 3(1):13. January-March 2008.
    • (2008) Environmental Research Letters , vol.3 , Issue.1 , pp. 13
    • Caralis, G.1    Perivolaris, Y.2    Rados, K.3    Zervos, A.4
  • 9
    • 77953696820 scopus 로고    scopus 로고
    • New frontier in Utility Valuation of Renewable Resources, Paper presented at PowerGen-Renewable Energy and Fuels, April 2006, Las Vegas, CA-USA.
    • Datta, K.E., Hansen, L., 2005. New frontier in Utility Valuation of Renewable Resources, Paper presented at PowerGen-Renewable Energy and Fuels, April 2006, Las Vegas, CA-USA.
    • (2005)
    • Datta, K.E.1    Hansen, L.2
  • 10
    • 34248597163 scopus 로고    scopus 로고
    • What to expect from a grater geographic dispersion of wind farms?-a risk portfolio approach
    • Drake B., Hubacek K. What to expect from a grater geographic dispersion of wind farms?-a risk portfolio approach. Energy Policy 2007, 35:3999-4008.
    • (2007) Energy Policy , vol.35 , pp. 3999-4008
    • Drake, B.1    Hubacek, K.2
  • 12
    • 77953714630 scopus 로고    scopus 로고
    • European Commission, The support of electricity from renewable energy sources. Commission Communication of 7 December 2005 [COM(2005) 627 final-Official Journal C 49 of 28 February 2006].
    • European Commission, 2005. The support of electricity from renewable energy sources. Commission Communication of 7 December 2005 [COM(2005) 627 final-Official Journal C 49 of 28 February 2006].
    • (2005)
  • 13
    • 77953725514 scopus 로고    scopus 로고
    • European Commission, -Renewable Energy Road Map. Renewable energies in the 21st century: building a more sustainable future. Commission Communication of 10 January 2007: [COM(2006) 848 final-Not published in the Official Journal].
    • European Commission, 2006-Renewable Energy Road Map. Renewable energies in the 21st century: building a more sustainable future. Commission Communication of 10 January 2007: [COM(2006) 848 final-Not published in the Official Journal].
    • (2006)
  • 14
    • 77953719211 scopus 로고    scopus 로고
    • EWEA, Support schemes for Renewable Energy-a comparative analysis of payment mechanisms in the EU, Report made for the DG TREN by the European Wind Energy Association in partnership with the RE-Xpansion European research project, 2006.
    • EWEA, 2006. Support schemes for Renewable Energy-a comparative analysis of payment mechanisms in the EU, Report made for the DG TREN by the European Wind Energy Association in partnership with the RE-Xpansion European research project, 2006.
    • (2006)
  • 15
    • 77953693235 scopus 로고    scopus 로고
    • EWEA,a. Pure Power-Wind energy scenarios up to 2030, by the European Wind Energy Association, March 2008.
    • EWEA, 2008a. Pure Power-Wind energy scenarios up to 2030, by the European Wind Energy Association, March 2008.
    • (2008)
  • 16
    • 77953709372 scopus 로고    scopus 로고
    • EWEA, b. Wind power map-〈〉.
    • EWEA, 2008b. Wind power map-〈〉. http://www.ewea.org.
    • (2008)
  • 17
    • 33746570011 scopus 로고    scopus 로고
    • The legacy of modern portfolio theory
    • (Institutional Investor, Fall 2002)
    • Fabozzi F., Gupta F., Markowitz H. The legacy of modern portfolio theory. Journal of Investing 2002, 7-22. (Institutional Investor, Fall 2002).
    • (2002) Journal of Investing , pp. 7-22
    • Fabozzi, F.1    Gupta, F.2    Markowitz, H.3
  • 18
    • 41849117313 scopus 로고    scopus 로고
    • Renewable energy in a market-based economy: how to estimate its potential and choose the right incentives
    • (August 2008)
    • Faundez P. Renewable energy in a market-based economy: how to estimate its potential and choose the right incentives. Renewable Energy 2008, 33(8):1768-1774. (August 2008).
    • (2008) Renewable Energy , vol.33 , Issue.8 , pp. 1768-1774
    • Faundez, P.1
  • 19
    • 33947403141 scopus 로고    scopus 로고
    • Transactional efficiency and public promotion of environmental technologies: the case of renewable energies in the electric industry
    • Finon D., Perez Y. Transactional efficiency and public promotion of environmental technologies: the case of renewable energies in the electric industry. Ecological Economics 2007, 62:77-92.
    • (2007) Ecological Economics , vol.62 , pp. 77-92
    • Finon, D.1    Perez, Y.2
  • 20
    • 53249090080 scopus 로고    scopus 로고
    • European Renewable Energy Policy at crossroads-Focus on electricity support mechanisms. Energy Policy 36 (11), 4079-4092.
    • Fouquet, D., Johansson, Th., 2008. European Renewable Energy Policy at crossroads-Focus on electricity support mechanisms. Energy Policy 36 (11), 4079-4092.
    • (2008)
    • Fouquet, D.1    Johansson, Th.2
  • 21
    • 77953718142 scopus 로고    scopus 로고
    • Wind power has a capacity credit a catalogue of 50 supporting studies. Technical report, Risoe National Laboratory, 2005.
    • Giebel, G., 2005. Wind power has a capacity credit a catalogue of 50 supporting studies. Technical report, Risoe National Laboratory, 2005.
    • (2005)
    • Giebel, G.1
  • 22
    • 33846694275 scopus 로고    scopus 로고
    • A variance analysis of the capacity displaced by wind energy in Europe
    • (January 2007)
    • Giebel G. A variance analysis of the capacity displaced by wind energy in Europe. Wind Energy 2007, 10(1):69-79. (January 2007).
    • (2007) Wind Energy , vol.10 , Issue.1 , pp. 69-79
    • Giebel, G.1
  • 23
    • 77953704917 scopus 로고    scopus 로고
    • The Costs and Impacts of Intermittency, An Assessment of the Evidence on the Costs and Impacts of Intermittent Generation on the British Electricity Network, available online at 〈〉, UKERC (2006).
    • Gross, R., Heptonstall, P., Anderson, D., Green, T., Leach, M., Skea, J., 2006. The Costs and Impacts of Intermittency, An Assessment of the Evidence on the Costs and Impacts of Intermittent Generation on the British Electricity Network, available online at 〈〉, UKERC (2006). http://www.ukerc.ac.uk/content/view/258/852.
    • (2006)
    • Gross, R.1    Heptonstall, P.2    Anderson, D.3    Green, T.4    Leach, M.5    Skea, J.6
  • 25
    • 77953710002 scopus 로고    scopus 로고
    • Large-scale wind power in European electricity markets: time for revisiting support schemes and market design. Energy Policy, in press
    • Hiroux, C., Saguan, M., Large-scale wind power in European electricity markets: time for revisiting support schemes and market design. Energy Policy, in press.
    • Hiroux, C.1    Saguan, M.2
  • 26
    • 20544475274 scopus 로고    scopus 로고
    • Hourly wind power variation in the Nordic countries
    • (April-June 2005)
    • Holtinnen H. Hourly wind power variation in the Nordic countries. Wind Energy 2005, 8(2):173-195. (April-June 2005).
    • (2005) Wind Energy , vol.8 , Issue.2 , pp. 173-195
    • Holtinnen, H.1
  • 28
    • 0031707565 scopus 로고    scopus 로고
    • Reducing the impacts of energy price volatility through dynamic portfolio selection
    • Humphreys H., McClain K. Reducing the impacts of energy price volatility through dynamic portfolio selection. The Energy Journal 1998, 19(3):107-131.
    • (1998) The Energy Journal , vol.19 , Issue.3 , pp. 107-131
    • Humphreys, H.1    McClain, K.2
  • 29
    • 77953709586 scopus 로고    scopus 로고
    • Application of portfolio analysis to the Dutch generating mix. ECN report C-05-100, February 2006.
    • Jansen, J., Beurskens, L., van Tilburg, X., 2006. Application of portfolio analysis to the Dutch generating mix. ECN report C-05-100, February 2006.
    • (2006)
    • Jansen, J.1    Beurskens, L.2    van Tilburg, X.3
  • 30
    • 84995186518 scopus 로고
    • Portfolio selection
    • Markowitz H. Portfolio selection. Journal of Finance 1952, 7(1):77-91.
    • (1952) Journal of Finance , vol.7 , Issue.1 , pp. 77-91
    • Markowitz, H.1
  • 31
    • 77953688791 scopus 로고    scopus 로고
    • Reliability Benefits of Dispersed Wind Resource Development, NREL Report, Presented at Windpower 98, Bakersfield, CA-USA, May 1998, NREL/CP500-24314.
    • Milligan, M., Artig, R., 1998. Reliability Benefits of Dispersed Wind Resource Development, NREL Report, Presented at Windpower 98, Bakersfield, CA-USA, May 1998, NREL/CP500-24314.
    • (1998)
    • Milligan, M.1    Artig, R.2
  • 32
    • 77953703920 scopus 로고    scopus 로고
    • Evaluation of Optimal Distribution of Wind power Facilities in Iowa for 2015, Presented at WindPower 99, Burlington, Vermont-USA, June 1999, National Renewable Energy Laboratory, NREL/CP-500-26723.
    • Milligan, M., Factor, T., 1999. Evaluation of Optimal Distribution of Wind power Facilities in Iowa for 2015, Presented at WindPower 99, Burlington, Vermont-USA, June 1999, National Renewable Energy Laboratory, NREL/CP-500-26723.
    • (1999)
    • Milligan, M.1    Factor, T.2
  • 33
    • 77953690078 scopus 로고    scopus 로고
    • Modeling utility-scale wind power plants. Part 2: Capacity Credit, Technical report, NREL/TP-500-29701, March 2002.
    • Milligan, M., 2002. Modeling utility-scale wind power plants. Part 2: Capacity Credit, Technical report, NREL/TP-500-29701, March 2002.
    • (2002)
    • Milligan, M.1
  • 34
    • 77953693021 scopus 로고    scopus 로고
    • Space and Time: Wind in an Investment Planning Model, Cambridge Working Papers in Economics 0620, Faculty of Economics, University of Cambridge.
    • Neuhoff, K., Ehrenmann, A., Butler, L., Cust, J., Hoexter, H., Keats, K., Kreczko, A., Sinden, G., 2006. Space and Time: Wind in an Investment Planning Model, Cambridge Working Papers in Economics 0620, Faculty of Economics, University of Cambridge.
    • (2006)
    • Neuhoff, K.1    Ehrenmann, A.2    Butler, L.3    Cust, J.4    Hoexter, H.5    Keats, K.6    Kreczko, A.7    Sinden, G.8
  • 35
    • 77953726677 scopus 로고    scopus 로고
    • Neuhoff, K., Johnston, A., Fouquet, D., Ragwitz, M., Resch, G., 2008. The proposed new EU renewable directive: an interpretation, publications of the Electricity Policy Research group; downloadable at: 〈〉.
    • Neuhoff, K., Johnston, A., Fouquet, D., Ragwitz, M., Resch, G., 2008. The proposed new EU renewable directive: an interpretation, publications of the Electricity Policy Research group; downloadable at: 〈〉. http://www.econ.cam.ac.uk/eprg/pubs/misc/neuhoff_renewables_directive.pd f.
  • 36
    • 53249130669 scopus 로고    scopus 로고
    • Potentials and prospects for renewable energies at global scale. Energy Policy 36 (11), 4048-4056.
    • Resch, G., Held, A., Faber, Th., Panzer, Ch., Toro, F., Haas, R., 2008. Potentials and prospects for renewable energies at global scale. Energy Policy 36 (11), 4048-4056.
    • (2008)
    • Resch, G.1    Held, A.2    Faber, Th.3    Panzer, Ch.4    Toro, F.5    Haas, R.6
  • 37
    • 0004328824 scopus 로고
    • RISO National Laboratory, Roskilde, Denmark, RISOE
    • RISOE European Wind Atlas 1989, RISO National Laboratory, Roskilde, Denmark.
    • (1989) European Wind Atlas
  • 38
    • 43749088478 scopus 로고    scopus 로고
    • Fuel mix diversification incentives in liberalised electricity markets: a mean-variance portfolio theory approach, with Newbery, D., and Nuttall, W.
    • Roques F.D., Newbery, Nuttall W. Fuel mix diversification incentives in liberalised electricity markets: a mean-variance portfolio theory approach, with Newbery, D., and Nuttall, W. Energy Economics 2008, 30(4):1831-1849.
    • (2008) Energy Economics , vol.30 , Issue.4 , pp. 1831-1849
    • Roques, F.D.1    Newbery2    Nuttall, W.3
  • 39
    • 77953690918 scopus 로고    scopus 로고
    • Modeling the long-term market penetration of wind in the United States (2003), (NREL/CP-620-34469).
    • Short, W., Blair, N., Heimiller, D., Singh, V., 2003. Modeling the long-term market penetration of wind in the United States (2003), pp. 1-15 (NREL/CP-620-34469).
    • (2003) , pp. 1-15
    • Short, W.1    Blair, N.2    Heimiller, D.3    Singh, V.4
  • 40
    • 33750149515 scopus 로고    scopus 로고
    • Characteristics of the UK wind resource: long-term patterns and relationship to electricity demand
    • Sinden G. Characteristics of the UK wind resource: long-term patterns and relationship to electricity demand. Energy Policy 2007, 35:112-127.
    • (2007) Energy Policy , vol.35 , pp. 112-127
    • Sinden, G.1
  • 41
    • 77953725286 scopus 로고    scopus 로고
    • Tradewind EU Tradewind Work Package 2: Wind power scenario-Work Package 2.1: Wind Power capacity data collection, EU Project Tradewind, April 2007.
    • Tradewind, 2007. EU Tradewind Work Package 2: Wind power scenario-Work Package 2.1: Wind Power capacity data collection, EU Project Tradewind, April 2007.
    • (2007)
  • 42
    • 77953726870 scopus 로고    scopus 로고
    • UCTE, a. System adequacy retrospect 2007. Available at 〈〉.
    • UCTE, 2008a. System adequacy retrospect 2007. Available at 〈〉. http://www.ucte.org.
    • (2008)
  • 43
    • 77953696605 scopus 로고    scopus 로고
    • UCTE, b. First UCTE Transmission Development Plan. Available at 〈〉.
    • UCTE, 2008b. First UCTE Transmission Development Plan. Available at 〈〉. http://www.ucte.org.
    • (2008)


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.