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Monte Carlo Simulation and Bootstrap for Estimating the Cost of Wind Energy

Objective Description

This analysis estimates the Levelized Cost of Wind Energy (LCOE) using Monte Carlo simulation to account for uncertainties in key parameters (investment cost, operation and maintenance cost, interest rate, capacity factor, and lifetime) and bootstrap methods to compute confidence intervals for the mean LCOE. It includes wind speed modeling, vertical extrapolation, power density calculation, Weibull distribution fitting, and correlation analysis.


馃幆 The detailed methodology and results can be accessed through this link:

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The Abdi-Basid Courses Institute

The Abdi-Basid Courses Institute