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Learning curves in wind energy: a cross-country analysis

Vol. 22, Iss. 28, JULY 2016

PDF  Article PDF Version

Received: 31 March 2016

Received in revised form: 21 April 2016

Accepted: 18 May 2016

Available online: 29 July 2016

Subject Heading: INVESTING

JEL Classification: O33, Q42, Q47, Q48

Pages: 49-60

Ratner S.V. Trapeznikov Institute of Control Sciences, Russian Academy of Sciences, Moscow, Russian Federation
lanaratner@gmail.com

Importance Understanding the logic of changes in the cost of energy that is generated using various technologies is a vital aspect in making decisions on the future development of energy systems and working-out the State policy to bolster renewable energy. In recent years, thanks to the State support, several successful solar energy project have been implemented, however, there are none in the wind energy.
Objectives The aim of the paper is to review constraining factors in the wind energy development.
Methods To test the hypothesis on constraining factors in the wind energy, I employ the methodology of learning curves.
Results I performed a meta-analysis of data on learning rates in the wind energy obtained by building the single- and dual-factor learning curve models with specification by countries and technology development periods. I also performed the analysis of cross-country differences. Multiple case studies were used to interpret the results.
Conclusions The study reveals that maximal learning rates in the wind energy are achieved via enhanced State support to R&D at early stages of technological development, and via involvement of large manufacturers of wind generation equipment at later stages. Given the well-developed technologies of wind generating equipment manufacturing and highly competitive global market of wind turbines, the tactic of obtaining technologies in exchange for access to the domestic market may prove successful even with small domestic market capacity. Therefore, reducing the requirements for wind projects localization index for the coming 3–5 years seems appropriate.

Keywords: wind energy, learning curve, power engineering, economic analysis

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