Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/122001 
Year of Publication: 
2015
Series/Report no.: 
SFB 649 Discussion Paper No. 2015-046
Publisher: 
Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk, Berlin
Abstract: 
Since wind energy is rapidly growing, new wind farms are installed worldwide and a discussion is going on concerning the optimal political framework to promote this development. In this paper, we present a wind energy index, which is supportive for wind park planners, operators, and policy-makers. Based on long-term and low-scale reanalysis wind speed data from MERRA and true production data, it can predict the expected wind energy production for every location and turbine type. After an in-sample and out-of-sample evaluation of the index performance, it is applied to assess the wind energy potential of locations in Germany, to compare different turbine types and to derive the required compensation in terms of locally different feed-in tariffs. We show that in many parts of South Germany, profitability of new wind parks cannot be achieved given the current legal situation.
Subjects: 
wind power
renewable energy
onshore wind
MERRA
feed-in tariff
JEL: 
Q42
Q47
Document Type: 
Working Paper

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