Towards a Sustainable Energy Future for the Cyclades Islands

In recent years, there is growing evidence that global warming arises from human activities, and as a result, efforts are being made worldwide to ease the burden on the environment and avoid the worst consequences of climate change. One of the most important interventions is the decrease in carbon emissions from the energy sector. In the...

Designing Efficient Renewable Energy Portfolios: A Dutch Case Study Including Dynamic Tidal Power: A Novel Application of the Modern Portfolio Theory

By signing the Paris Climate Agreement, The Netherlands has committed itself to curtail its CO2- emissions in order to keep global warming well below 2°C above pre-industrial levels. Pivotal to achieve these targets is the phase-out of CO2-intensive electricity generation technologies and investments in renewables. Current investments aiming to...

Circular Transition for the Wind Energy Sector: Focus on challenges and obstacles when two transitions (Energy & Circular) intervene.

Converging and lasting global issues such as climate change, global warming, resource depletion, etc. have urged interest in science, technology and policy for systemic societal change. These aspects have led the policy makers in the Netherlands to gradually adopt a transition approach. Over the past few years there is an increase in the...

Wind Turbine Design for a Hybrid System: with the emphasis on generation complementarity

The global issue on global warming leads nations to reduce their carbon emission, and one way to do it is by decarbonising the power system and employing higher penetration of renewable energy technology. However, due to the variable nature of renewable energy, their integration to the power system poses challenges to the utilities and system...

Increasing the Market Value of Wind Power Using Improved Stochastic Process Modeling and Optimization: A Case Study of a Belgian Wind Power Producer

Wind Power Producers (WPP) incur a negative result through mandatory participation on the balancing market. This study analyzes the performance of multiple improved offering strategies for a WPP offering both on the day-ahead market and the balancing market. It does so on revenue, as well as its impact on the grid and electricity market as a...