@inproceedings{e7bae809af874d1e95080f71c9b6e2e0,
title = "Economic evaluation of wind farms based on cost of energy optimization",
abstract = "A Response Surface Based Wind Farm Cost (RS-WFC) model, is developed to evaluate the economics of wind farms. The RS-WFC model is developed using Extended Radial Basis Functions (E-RBF) for onshore wind farms in the U.S. This model is then used to explore the in uence of different design and economic parameters, including number of turbines, rotor diameter and labor cost, on the cost of a wind farm. The RS-WFC model is composed of three parts that estimate (i) the installation cost, (ii) the annual Operation and Maintenance (O\&M) cost, and (iii) the total annual cost of a wind farm. The accuracy of the cost model is favorably established through comparison with pertinent commercial data. Moreover, the RS-WFC model is integrated with an analytical power generation model of a wind farm. A recently developed Unrestricted Wind Farm Layout Optimization (UWFLO) model is used to determine the power generated by a farm. The ratio of the total annual cost and the energy generated by the wind farm in one year (commonly known as the Cost of Energy, COE) is minimized in this paper. The results show that the COE could decrease significantly through layout optimization, to obtain millions of annual cost savings.",
keywords = "Cost model, Energy, Extended Radial Basis Functions, Optimization, Re- sponse surface, Wind farm",
author = "Jie Zhang and Souma Chowdhury and Achille Messac and Luciano Castillo",
year = "2010",
doi = "10.2514/6.2010-9244",
language = "English",
isbn = "9781600869549",
series = "13th AIAA/ISSMO Multidisciplinary Analysis and Optimization Conference 2010",
booktitle = "13th AIAA/ISSMO Multidisciplinary Analysis and Optimization Conference 2010",
note = "13th AIAA/ISSMO Multidisciplinary Analysis and Optimization Conference, MAO 2010 ; Conference date: 13-09-2010 Through 15-09-2010",
}