Perspectives under uncertainties and risk in wind farms investments based on Omega-LCOE approach: An analysis in São Paulo state, Brazil

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dc.contributor.authorAquila G.
dc.contributor.authorNakamura W.T.
dc.contributor.authorJunior P.R.
dc.contributor.authorSouza Rocha L.C.
dc.contributor.authorde Oliveira Pamplona E.
dc.date.accessioned2024-03-12T19:20:42Z
dc.date.available2024-03-12T19:20:42Z
dc.date.issued2021
dc.description.abstract© 2021This present study proposes the stochastic approach Omega-LCOE to compare a Levelized Costa of Electricity (LCOE) between different locations. To validate the proposed approach, an investigation to compare the wind energy LCOE of 63 main cities in São Paulo state (Brazil) in relation to world LCOE average. Therefore, the Omega value estimated by a ratio of potential gains (costs reductions) and losses (costs inflations) in relation to a benchmarking (world LCOE average) is calculated for each city, based on 10,000 values of LCOE obtained by Simulation of Monte Carlo. Omega-LCOE results shows significant differences from results obtained by deterministic LCOE. Eight cities that presented LCOE below the world average from a deterministic approach, prove to be superior to the world average through the Omega-LCOE approach. Jundiaí, Franco da Rocha and Guarulhos present a deterministic LCOE higher than several cities, however when analyzing the uncertainties and risks these cities appear among those with the best LCOE performance in São Paulo state. In addition, it is observed that most cities in North and Northeast of São Paulo present LCOE performance better than world LCOE average, proving that these regions have the best wind potential in state. In turn, the South of São Paulo and the region called Vale do Paraíba present the worst results, being considered the highest cost places to install wind farms in São Paulo.
dc.description.volume141
dc.identifier.doi10.1016/j.rser.2021.110805
dc.identifier.issn1879-0690
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/34670
dc.relation.ispartofRenewable and Sustainable Energy Reviews
dc.rightsAcesso Restrito
dc.subject.otherlanguageFinancial risk
dc.subject.otherlanguageLevelized cost of electricity
dc.subject.otherlanguageOmega
dc.subject.otherlanguageRenewable investments
dc.subject.otherlanguageWind energy
dc.titlePerspectives under uncertainties and risk in wind farms investments based on Omega-LCOE approach: An analysis in São Paulo state, Brazil
dc.typeArtigo
local.scopus.citations23
local.scopus.eid2-s2.0-85101051111
local.scopus.subjectDeterministics
local.scopus.subjectFinancial risks
local.scopus.subjectLevelized cost of electricities
local.scopus.subjectOmega
local.scopus.subjectPerformance
local.scopus.subjectRenewable investment
local.scopus.subjectSao Paulo
local.scopus.subjectStochastic approach
local.scopus.subjectUncertainty and risks
local.scopus.subjectWind farm
local.scopus.updated2024-12-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85101051111&origin=inward
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