Managing the risks of a wind farm in typhoon-prone areas

College

Gokongwei College of Engineering

Department/Unit

Civil Engineering

Document Type

Archival Material/Manuscript

Source Title

Tenth East Asia-Pacific Conference on Structural Engineering & Construction

First Page

219

Last Page

224

Publication Date

8-2006

Abstract

The paper first ascertains the increase in buckling failure risk of a wind turbine due to typhoons. This condition necessitates a study of an efficient way of managing the risks in order to avoid financial ruin. Consequently the authors proposed methods for managing typhoons risk for existing and proposed wind farms. For the former, we explore the option of transferring the added risk to insurance. In this case, an optimum insurance premium is determined. For the latter, the risk is mitigated, by increasing the thickness of the tower. The optimum thickness is determined considering the projects' net present value and the internal rate of return.

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Disciplines

Civil and Environmental Engineering

Keywords

Wind power plants—Hurricane effects; Buckling (Mechanics)

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