Net Present Value Optimized Wind Turbine Operation
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United States of America Patent
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Issued Date -
Dec 5, 2013
app pub date -
May 30, 2012
filing date -
May 30, 2012
priority date (Note) -
Abandoned
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Abstract
A wind turbine control system operates a wind turbine and controls the amount of power output at maximum power output conditions to achieve the goal of emphasizing power generation in the present at the expense of power generation in the future. Because of the time value of money, a given quantity of electric power generated in the present is worth much more than the same quantity generated, for instance, 10 years in the future. Recognizing the time value of money impact on the net present value of installing and operating a wind turbine, the control system would optimize the net present value by producing more power in the turbine's early years than in its later years. The control system may also optimize return on investment by adjusting the power output based on the energy price during a current period versus the energy price forecast in a future period.
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