Pöstges, Arne; Weber, Christoph:
Identifying key elements for adequate simplifications of investment choices : The case of wind energy expansion
In: Energy Economics, Band 120 (2023), Artikel 106534
2023Artikel/Aufsatz in ZeitschriftClosed access
WirtschaftswissenschaftenFakultät für Wirtschaftswissenschaften » Fachgebiet Betriebswirtschaftslehre » Energiewirtschaft
Damit verbunden: 2 Publikation(en)
Titel in Englisch:
Identifying key elements for adequate simplifications of investment choices : The case of wind energy expansion
Autor*in:
Pöstges, ArneUDE
GND
107252452X
LSF ID
59265
ORCID
0000-0002-7430-6980ORCID iD
Sonstiges
der Hochschule zugeordnete*r Autor*in
korrespondierende*r Autor*in
;
Weber, ChristophUDE
GND
171222180
LSF ID
12106
ORCID
0000-0003-0197-7991ORCID iD
Sonstiges
der Hochschule zugeordnete*r Autor*in
korrespondierende*r Autor*in
Erscheinungsjahr:
2023
Open Access?:
Closed access
Scopus ID
Sprache des Textes:
Englisch
Schlagwort, Thema:
Aggregation ; Clustering ; Value components ; Wind energy expansion

Abstract in Englisch:

The analysis of future energy systems with increasing shares of renewable energy production poses various challenges to the models used in the field of energy system analysis. Aggregation is one solution to reduce the computation time of large optimisation problems, especially for optimisation models with endogenous capacity expansion. Since the economic viability of renewable investments is not directly driven by physical and technical characteristics but rather by the corresponding revenue and cost streams, we propose a novel aggregation method. Our framework covers both the spatial and the technological dimensions of wind investment choices—that is, siting and turbine choice. We define four value components related to, for example, the total yield or the site-specific infeed profile of investment choices. A clustering approach is applied to these value components to identify groups of investment choices that can be aggregated without excessive loss of accuracy. The scheme is applied in a case study of the German electricity system, and the influence of the different value components on the combined technological and spatial aggregation is analysed.