Abstract. The interannual variability (IAV) of expected annual energy production (AEP)
from proposed wind farms plays a key role in dictating project financing. IAV
in preconstruction projected AEP and the difference in 50th and
90th percentile (P50 and P90) AEP derive in part from variability in
wind climates. However, the magnitude of IAV in wind speeds at or close to wind
turbine hub heights is poorly defined and may be overestimated by assuming
annual mean wind speeds are Gaussian distributed with a standard deviation
(σ) of 6 %, as is widely applied within the wind energy industry.
There is a need for improved understanding of the long-term wind resource and
the IAV therein in order to generate more robust predictions of the financial
value of a wind energy project. Long-term simulations of wind speeds near
typical wind turbine hub heights over the eastern USA indicate median gross
capacity factors (computed using 10 min wind speeds close to wind turbine
hub heights and the power curve of the most common wind turbine deployed in
the region) that are in good agreement with values derived from operational
wind farms. The IAV of annual mean wind speeds at or near typical wind
turbine hub heights in these simulations and AEP computed using the power
curve of the most commonly deployed wind turbine is lower than is implied by
assuming σ=6 %. Indeed, rather than 9 out of 10 years
exhibiting AEP within 0.9 and 1.1 times the long-term mean AEP as implied by
assuming a Gaussian distribution with σ of 6 %, the results
presented herein indicate that in over 90 % of the area in the eastern USA
that currently has operating wind turbines, simulated AEP lies within 0.94 and
1.06 of the long-term average. Further, the IAV of estimated AEP is not
substantially larger than IAV in mean wind speeds. These results indicate it
may be appropriate to reduce the IAV applied to preconstruction AEP
estimates to account for variability in wind climates, which would decrease
the cost of capital for wind farm developments.