Abstract
ABSTRACT A correlation analysis based on Markowitz Portfolio Theory and data from meteorological station are used to develop a decision-making tool for the optimal spatial installation of renewable energy sources from Wind turbines and PV panels. A case study involving power generation plants and weather stations in the region of Tuscany in Italy is developed. The results show that temporal correlations of solar and wind generation profiles are characterized by correlation and anticorrelation. This feature is used for supporting decision-making on investments in renewable energy at the territorial level.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Energy Sources, Part B: Economics, Planning, and Policy
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.