2020
DOI: 10.3390/en13195132
|View full text |Cite
|
Sign up to set email alerts
|

Predictable and Unpredictable Climate Variability Impacts on Optimal Renewable Energy Mixes: The Example of Spain

Abstract: We analyzed the role of predictable and unpredictable variability in the identification of optimal renewable energy mixes in an electricity system. Renewable energy sources are the fastest growing energy generation technology, but the variable nature of production linked to climate variability raises structural, technological and economical issues. This work proposes the differentiation of the treatment applied to predictable and unpredictable variability in the context of Markowitz portfolio theory for optima… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1

Citation Types

0
8
0

Year Published

2021
2021
2024
2024

Publication Types

Select...
8
1

Relationship

2
7

Authors

Journals

citations
Cited by 13 publications
(8 citation statements)
references
References 39 publications
0
8
0
Order By: Relevance
“…Recently, unprecedented winter storms across Texas in February 2021 caused wide-spread power outages [10]. See also Maimó-Far et al [11] for unpredictability issues around renewables. In order to guarantee a resilient grid, worst case assumptions must be taken into account.…”
Section: Background and Related Workmentioning
confidence: 99%
“…Recently, unprecedented winter storms across Texas in February 2021 caused wide-spread power outages [10]. See also Maimó-Far et al [11] for unpredictability issues around renewables. In order to guarantee a resilient grid, worst case assumptions must be taken into account.…”
Section: Background and Related Workmentioning
confidence: 99%
“…While being sub-optimal in the sense of the efficient frontier, the actual Italian energy mix (figure 5b) therefore appears to be a compromise between the 2 simulated scenarios. A detailed description of the meanvariance analysis is given in [76] with various applications in [77,78]. As reviewed by [60], to design optimal mixes while precisely accounting for the costs of energy systems with high shares of variable renewable energies, economic studies instead attempt to minimize costs or to maximize welfare, although it remains a challenge to combine the long-term investment problem with the short-term scheduling problem while taking flexibility, balancing and grid investments into account.…”
Section: Focus On the Issue Of The Variability Of The Renewable Produ...mentioning
confidence: 99%
“…But, wind speed at the location may be weak and need a huge construction to cover the load. Wind speed may also have unpredictable of supply during the entire year [6]. Another configuration is a marine current and solar PV hybrid system [7].…”
Section: Introductionmentioning
confidence: 99%
“…𝑡 𝑀𝐶 + 𝑃 𝑃𝑉 . 𝑡 𝑃𝑉 (6) The unit for energy produced is Watthour (Wh) or kWh. The operation time of the marine current denotes as tMC.…”
mentioning
confidence: 99%