Title: Optimal portfolio-theory-based allocation of wind power: Taking into account cross-border transmission-capacity constraints
Authors: Rombauts, Yannick
Delarue, Erik
D'haeseleer, William # ×
Issue Date: Sep-2011
Publisher: Elsevier
Series Title: Renewable Energy: An International Journal vol:36 issue:9 pages:2374-2387
Abstract: Allocating wind farms across different locations in different countries may reduce the variability of hourly wind power changes. Taking into account cross-border transmission-capacity constraints between countries can however decrease the effect of this diversification. A portfolio-theory-based model is developed that takes into account these cross-border transmission-capacity constraints when allocating wind power as efficient as possible across different locations.

Three models are developed, looking to the cases where cross-border transmission-capacity constraints are equal to infinity, zero and a certain limited value, respectively. It is notably this last model that brings new perspectives in the allocation of wind power, based on portfolio theory modelling. Keeping cross-border transmission-capacity available for wind-power flows is an effective measure to limit hourly wind-power variations.
ISSN: 0960-1481
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Applied Mechanics and Energy Conversion Section
× corresponding author
# (joint) last author

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