11. Wind Energy System Economics

  1. J. F. Manwell1,
  2. J. G. McGowan1 and
  3. A. L. Rogers2

Published Online: 28 DEC 2010

DOI: 10.1002/9781119994367.ch11

Wind Energy Explained: Theory, Design and Application, Second Edition

Wind Energy Explained: Theory, Design and Application, Second Edition

How to Cite

Manwell, J. F., McGowan, J. G. and Rogers, A. L. (2009) Wind Energy System Economics, in Wind Energy Explained: Theory, Design and Application, Second Edition, John Wiley & Sons, Ltd, Chichester, UK. doi: 10.1002/9781119994367.ch11

Author Information

  1. 1

    Department of Mechanical and Industrial Engineering, University of Massachusetts, USA

  2. 2

    DNV – Global Energy Concepts, Washington, USA

Publication History

  1. Published Online: 28 DEC 2010
  2. Published Print: 18 DEC 2009

ISBN Information

Print ISBN: 9780470015001

Online ISBN: 9781119994367



  • wind energy system economics;
  • wind energy system, and energy - predicting annual energy production;
  • economic aspects of wind energy - varying, depending on application;
  • economics of larger wind energy systems - capital, operation, and maintenance cost of wind energy systems;
  • total generating costs, for electricity-producing wind turbine system;
  • value of wind energy, and application - on costs of alternatives, producing the same output;
  • capital costs of wind energy systems - capital cost determination, challenging subjects in wind energy;
  • manufacturing cost breakdown - of 1990s European wind turbines;
  • wind farm capital cost breakdown (EWEA, 2009);
  • economic analysis methods, for wind energy systems - reliable estimate for capital costs and O&M costs


This chapter contains sections titled:

  • Introduction

  • Overview of Economic Assessment of Wind Energy Systems

  • Capital Costs of Wind Energy Systems

  • Operation and Maintenance Costs

  • Value of Wind Energy

  • Economic Analysis Methods

  • Wind Energy Market Considerations

  • References