Abstract
The economics of power generation using wind energy systems depends upon the capacity utilization factor. Higher initial cost is offset by lower operating cost due to free availability of the source of energy. For locations that have relatively lower utilization factors, several promotional policy measures are adopted by different countries. A feed-in tariff system is adopted by countries like Germany, whereas a net-metering system is adopted by India for promoting the use of wind energy. Other schemes, such as time dependent rates and quota systems, are used by other countries. For encouraging the investment in the wind sector, various countries worldwide have adopted tools like the capacity credit scheme, Clean Development Mechanism, exemption of import duty, accelerated depreciation, and income tax rebate.
Keywords
- Wind Energy Converters
- Credit Capacity
- Clean Development Mechanism (CDM)
- Renewable Purchase Obligation
- Wind Turbine
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Annual report 2016–17. Indian Renewable Energy Development Corporation, http://www.ireda.in/incentives.asp
Deutsche Windguard, Kostensituation der Windenergie an Land in Deutschland, Projektnummer VW 15110, Dec. 2015, http://www.windguard.de
National Institute for Wind Energy, http://www.niwe.res.in
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Wagner, HJ., Mathur, J. (2018). Economics and Policy Issues. In: Introduction to Wind Energy Systems. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-319-68804-6_7
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DOI: https://doi.org/10.1007/978-3-319-68804-6_7
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