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Renewable energy is becoming an increasingly important component of energy systems. However, renewable energy production is heavily dependent on the prevailing weather conditions, which are changing as a result of climate change. It is…

Atmospheric and Oceanic Physics · Physics 2024-12-02 Edgar Dolores-Tesillos , Noelia Otero , Sam Allen

Previous work has resulted in the development of an energy model able to calculate wind and solar fleet efficiencies. However, for investment planning purposes, it is necessary to calculate from the lowest economically acceptable…

Systems and Control · Electrical Eng. & Systems 2024-03-15 Anthony D Stephens , David R Walwyn

In this article, we present a novel approach for the construction of an environment-friendly green portfolio using the ESG ratings, and application of the modern portfolio theory to present what we call as the ``green efficient frontier''…

Portfolio Management · Quantitative Finance 2023-05-29 Shashwat Mishra , Rishabh Raj , Siddhartha P. Chakrabarty

Renewable energy sources, especially wind energy, are to play a larger role in providing electricity to industrial and domestic consumers. This is already the case today for a number of European countries, closely followed by the US and…

Methodology · Statistics 2013-12-24 Pierre Pinson

This paper investigates the use of extreme value theory for modelling the distribution of demand-net-of-wind for capacity adequacy assessment. Extreme value theory approaches are well-established and mathematically justified methods for…

Applications · Statistics 2019-07-31 Amy L Wilson , Stan Zachary

Our research is centred around the question how to best integrate the variable renewable energy sources (VRES), wind power and solar photovoltaics, into the European electricity grid. The future electricity supply will be based to a large…

Physics and Society · Physics 2014-02-12 Sarah Becker , Rolando A. Rodriguez , Gorm B. Andresen , Martin O. W. Greiner , Stefan Schramm

The assessment of corporate sustainability performance is extremely relevant in facilitating the transition to a green and low-carbon intensity economy. However, companies located in different areas may be subject to different…

Applications · Statistics 2026-04-30 Caterina Morelli , Simone Boccaletti , Paolo Maranzano , Philipp Otto

The rapid expansion of the French offshore wind sector requires a critical reassessment of structural durability in the face of evolving marine conditions driven by climate change. Traditional design methodologies, which rely on the…

Applications · Statistics 2026-03-10 Nicolas Raillard , Coline Poppeschi , Tessa Chevallier , Youen Kervella , Laurent Dubus

An offshore wind turbine needs to withstand the environmental loads, which can be expected during its life time. Consequently, designers must define loads based on extreme environmental conditions to verify structural integrity. The…

Methodology · Statistics 2017-10-20 Andreas F. Haselsteiner , Jan-Hendrik Ohlendorf , Klaus-Dieter Thoben

This paper proposes a systematic framework to assess the complementarity of renewable resources over arbitrary geographical scopes and temporal scales which is particularly well-suited to exploit very large data sets of climatological data.…

Potential analyses identify possible locations for renewable energy installations, such as as wind turbines and photovoltaic arrays. The results of previous potential studies, however, are not consistent due to different assumptions,…

Optimization and Control · Mathematics 2022-04-06 Stanley Risch , Rachel Maier , Junsong Du , Noah Pflugradt , Peter Stenzel , Leander Kotzur , Detlef Stolten

The high temporal variability of wind power generation represents a major challenge for the realization of a sustainable energy supply. Large backup and storage facilities are necessary to secure the supply in periods of low renewable…

Physics and Society · Physics 2018-11-21 Juliane Weber , Jan Wohland , Mark Reyers , Julia Moemken , Charlotte Hoppe , Joaquim G. Pinto , Dirk Witthaut

Commercial electricity production from marine renewable sources is becoming a necessity at a global scale. Offshore wind and solar resources can be combined to reduce construction and maintenance costs. In this respect, the aim of this…

Applications · Statistics 2021-04-02 Takvor H. Soukissian , Flora E. Karathanasi , Dimitrios K. Zaragkas

Modeling wind speed is one of the key element when dealing with the production of energy through wind turbines. A good model can be used for forecasting, site evaluation, turbines design and many other purposes. In this work we are…

Data Analysis, Statistics and Probability · Physics 2015-02-12 G. D'Amico , F. Petroni , F. Prattico

To achieve ambitious greenhouse gas emission reduction targets in time, the planning of future energy systems needs to accommodate societal preferences, e.g. low levels of acceptance for transmission expansion or onshore wind turbines, and…

Physics and Society · Physics 2025-10-30 Fabian Neumann , Tom Brown

To reduce greenhouse gas emissions, many countries plan to massively expand wind power and solar photovoltaic capacities. These variable renewable energy sources require additional flexibility in the power sector. Both geographical…

General Economics · Economics 2023-07-13 Alexander Roth , Wolf-Peter Schill

We present a new model for reliability analysis that is able to distinguish the latent internal vulnerability state of the equipment from the vulnerability caused by temporary external sources. Consider a wind farm where each turbine is…

Applications · Statistics 2016-02-01 Ramin Moghaddass , Cynthia Rudin

The resilience of electric power grids is threatened by natural hazards. Climate-related hazards are becoming more frequent and intense due to climate change. Statistical analyses clearly demonstrate a rise in the number of incidents (power…

Physics and Society · Physics 2025-04-30 George Karagiannakis , Mathaios Panteli , Sotirios Argyroudis

Nowadays, power system inertia is changing as a consequence of replacing conventional units by renewable energy sources, mainly wind and PV power plants. This fact affects significantly the grid frequency response under power imbalances. As…

Systems and Control · Electrical Eng. & Systems 2020-05-06 A. Fernández-Guillamón , A. Vigueras-Rodríguez , A. Molina-García

With growing amounts of wind and solar power in the electricity mix of many European countries, understanding and predicting variations of renewable energy generation at multiple timescales is crucial to ensure reliable electricity systems.…

Physics and Society · Physics 2022-02-08 Llorenç Lledó , Jaume Ramon , Albert Soret , Francisco-Javier Doblas-Reyes