Wind turbine economics: A study

Abstract

Due to limited amount of fossil fuels and for the production of eco-friendly energy, it is necessary to switch to renewable energy systems. Wind energy is considered to be one of the most effective and efficient source as compared to other renewable energy sources. In this paper an attempt has been made to estimate the total cost and weight of wind turbine. Model as prepared using Matlab/Simulink may be helpful to decide the rating of wind turbine on the basis of its cost and weight.