Simulation-Based Analysis of Wind Farms' Economic Viability

摘要

In the following paper, we propose an utilization of a simulation - based approach for a wind farm viability analysis. The simulation is created in Erlang language, and it takes into account a set of parameters selected on the basis of a bibliographical analysis. A number of simulations were performed with the discussed model and selected results have been presented in this paper. It was found out that the economic viability of wind farms is strongly correlated with a number of external conditions, including the environmental factors, organizational costs and governmental support.