Version 1
: Received: 1 December 2023 / Approved: 4 December 2023 / Online: 4 December 2023 (03:04:28 CET)
Version 2
: Received: 14 February 2024 / Approved: 15 February 2024 / Online: 16 February 2024 (11:09:23 CET)
Christodoulou, T.; Thomaidis, N.S.; Kartsios, S.; Pytharoulis, I. Managing the Intermittency of Wind Energy Generation in Greece. Energies2024, 17, 866.
Christodoulou, T.; Thomaidis, N.S.; Kartsios, S.; Pytharoulis, I. Managing the Intermittency of Wind Energy Generation in Greece. Energies 2024, 17, 866.
Christodoulou, T.; Thomaidis, N.S.; Kartsios, S.; Pytharoulis, I. Managing the Intermittency of Wind Energy Generation in Greece. Energies2024, 17, 866.
Christodoulou, T.; Thomaidis, N.S.; Kartsios, S.; Pytharoulis, I. Managing the Intermittency of Wind Energy Generation in Greece. Energies 2024, 17, 866.
Abstract
This paper undertakes an in-depth exploration of a primary strategy aimed at mitigating the volumetric risk in wind power generation within Greece, which originates from the variability of wind speeds. The proposed strategy hinges on portfolio theory, serving as the foundation for creating diverse generation portfolios, thus facilitating the strategic distribution of available capacity across space. Optimization techniques and quadratic programming are harnessed to derive the minimum variance portfolio along with alternative optimal allocation plans. In parallel, Factor Analysis techniques are deployed to discern prevalent sources of variability that exert influence on wind generation dynamics within Greece. Our assessment encompasses an appraisal of the diversification efficacy inherent in an array of distinct portfolios. This analysis is conducted through the application of Principal Component Analysis (PCA) techniques. Furthermore, we expound upon key spatiotemporal attributes characterizing the Greek landscape, elucidating their potential contributions to the site-selection process.
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
