Risk Assessment of Renewable Energy Generation Systems Projects

Abstract

The operation of renewable energy generation systems is associated with various risks. Risk analysis is part of a systematic approach to making technical decisions to prevent or reduce the risk of industrial accidents, damage to property and the environment. When evaluating the effectiveness of investment projects with renewable energy sources, risk assessment is carried out with uncertainty of information about the conditions of project implementation, including associated costs and economic losses. This article proposes a quantitative risk assessment method using cause – consequence diagrams, which are combined event trees and fault trees, on the example of the wind power installation NordWind (Germany)