35426 - Wind Energy Economics, Wind Resources Estimation Modulübersicht

Module Number: 35426 - module is no longer offered from SS 2017
Module Title:Wind Energy Economics, Wind Resources Estimation
  Wirtschaftlichkeit und Ressourcenabschätzung von Windenergie
Department: Faculty 3 - Mechanical Engineering, Electrical and Energy Systems
Responsible Staff Member:
  • Prof. Dr.-Ing. Schwarz, Harald
Language of Teaching / Examination:English
Duration:1 semester
Frequency of Offer: Every summer semester
Credits: 6
Learning Outcome:Students will get an understanding of the wind energy market and the key variables influencing the economics of a wind farm. They will learn and practice, what is necessary to evaluate the wind resource, prepare a viable business case, build a financial model and select a suitable funding mix.
Contents:The business case for wind energy: 
  • Market and economics
  • An introduction to the developing, structuring and financing of wind projects
  • Estimating cash flows and preparing spreadsheets
  • Wind farm valuation using different evaluation methods
  • Risk analysis
Recommended Prerequisites:None explicitly required. However, students with a prior knowledge of basic financial compounding and discounting methods will have an advantage.
Mandatory Prerequisites:None
Forms of Teaching and Proportion:
  • Lecture / 4 Hours per Week per Semester
  • Self organised studies / 120 Hours
Teaching Materials and Literature:Students will be provided with a reader as well as the slides and material presented in class. Lessons will to a large extent be case-based and application-oriented. There is no book or text which covers the entire content taught in this module. The reader will contain a collection of the papers used in the course.
Module Examination:Final Module Examination (MAP)
Assessment Mode for Module Examination:Written examination (duration 90 minutes) or verbal examination (duration 45 minutes), graded
In the first lecture it will be introduced, if the examination will organized in the written or oral form.
Evaluation of Module Examination:Performance Verification – graded
Limited Number of Participants:None
Part of the Study Programme:
  • no assignment
Remarks:The Lecture will be offered by M.A., Dipl.-Kfm. (FH), Alexander Boensch as a one week block in each of the semesters.
Module Components:
  • Wind Energy Economivs, Wind Resources Estimation (lecture)
Components to be offered in the Current Semester:
  • no assignment
Follow-up Module/s: Phase-out module since: 15.06.2016