Abstract
Abstract As wind energy takes on an increasingly larger role in regional electricity generation portfolios, the power generation variability introduced into the system by wind farms may begin to diminish the positive effect of further additions of such farms. Large scale energy storage systems as a result of which otherwise wasted wind power could be stored and used when needed could become an attractive alternative for investment. The interplay between investment in new wind farms and energy storage is examined in this paper. A multi-paradigm model is adapted to examine increasingly higher levels of wind power generation and to undertake a comparison between equivalent investments in wind farms and electricity storage facilities.
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