Template-Type: ReDIF-Article 1.0
Author-Name:  Giacomo Benini
Author-Name:  Maria Carvalho
Author-Name:  Ludovic Gaudard
Author-Name:  Patrick Jochem
Author-Name:  Kaveh Madani
Title:  Heterogeneous Returns to Scale of Wind Farms in Northern Europe
Classification-JEL: F0
Volume:  Volume 40
Issue:  The New Era of Energy Transition
Year:  2019
Abstract:  The present paper tries to identify the optimal size of a wind farm using North European data. An empirical analysis of 61 sites constructed between 2004 and 2014 suggests that economies-of-scale are highly heterogeneous across on-shore and off-shore projects. A Varying Coefficient Model captures such diversity by making the impact of the farm site on the amount of its potential capacity a non-linear function of the number of installed turbines. The resulting scale elasticities suggest that small on-shore farms have a bigger per-turbines output than off-shore ones, while the opposite is true for big projects.
Handle: RePEc:aen:journl:ej40-si1-Benini
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=3306
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