Analysis of economic benefit of wind power based on system dynamics

Abstract

Abstract. The scale of renewable power generation, such as wind power, has increased gradually in recent years. Considering that the economic benefits of wind farms are affected by many dynamic factors. The dynamic simulation model of wind power economic benefit system is established based on the system dynamics method. By comparing the economic benefits of wind farms under different setting scenarios through this model, the impact of different factors on the economic benefits of wind farms can be reflected.

Techno-Feasibility Assessment of a Floating Breakwater Concept for Supporting Marine Renewables in Deep Waters

“…As a result, this energy production loss was applied across the 25-year lifecycle of the FOWT pilot farm. FOWT farms must have an IRR value that is at least 8% [42]. Hence, the feed-in tariff (FIT) required to reach an IRR of 8% was found.…”

Accounting for the Life Cycle Cost of Power Grid Projects by Employing a System Dynamics Technique: A Power Reform Perspective

“…The longer the system is in use, the smaller the residual value will be; the fixed asset value is formed by the preliminary preparation costs and construction costs, so that the system is organically linked with other subsystems. According to Article 31 of the "Interim Regulations and Implementation Rules of the Enterprise Income Tax of the People's Republic of China", the proportion of residual value is within 5% of the original price, which shall be determined by the enterprise [50,51]. The equation for the decommissioning and disposal cost module is as follows, and meanings of variables in Equations (33)- (36) are shown in Table 6:…”