Uncertainty Modelling for Risk Management

For all offshore wind applications, there are two main key performance indicators: the return on investment (RoI) and the uncertainty of these profits.

For each wind farm variant, Wind & Economy provides you with the LCOE, the Levelized Cost of Energy. On this basis, you may decide whether additional investments, e. g. in a higher hub height, lead to a sufficient increase in energy production and are thus economically feasible.

By integrating wind resource calculations, wind farm modelling, economic modelling and uncertainty calculations into a single tool, the uncertainty of production and LCOE for each wind farm variant can be estimated and risks can be reduced. An uncertainty module takes into account the uncertainty of the expected energy production and the prices of wind farm components, finally resulting in so-called POEs (probability of exceedance) for different financial risk levels.