Mastering WIND POWER – Wind Energy Course

An essential guide to the business of wind power project planning & development


  1. From wind flow to electricity: wind turbines and wind farms
  2. Understanding and measuring wind resources
  3. Successful delivery of wind power projects
  4. Taking wind power offshore
  5. Making money from wind power projects

Course Agenda


From Wind Flow to Electricity: Wind Turbines and Wind Farms

Wind turbine technology & trends

  • What’s in a wind turbine: a review of the key components and technology trends (including blades, drivetrains, and generators)
  • Drivers for – and constraints on – bigger turbine sizes
  • Understanding ‘power curves and their impact on turbine selection and capacity factor
  • Examining the key data from wind turbine specifications: A case study of a modern 7MW wind turbine
  • Where will continued cost reductions come from?

Energy output losses and risks

  • Wind farm layout and energy losses, such as ‘wake effects’: illustrated with a
European wind farm case study
  • Availability losses turbine performance losses
  • Solutions to extreme operating conditions, including cyclones and low temperatures
  • External constraints including curtailment, grid connection and market integration; plus solutions: Examples from Germany, China and Vietnam


Understanding and Measuring Wind Resources

Understanding the wind resource

  • Wind speed maps and preliminary assessment resources: illustration using an online wind resource map example
  • Why average wind speed doesn’t say much about the viability of a project
  • Understanding additional complexity in wind resource: the impacts of height, shear, turbulence, direction, humidity and other factors
  • Technologies and requirements for bankable wind resource assessment (WRA) campaigns

Wind resource risk and annual energy output

  • Wind speed distribution and its importance: illustration using a real wind speed dataset
  • Combining a real wind speed dataset and turbine power curves to calculate annual energy output (AEP)
  • Understanding and applying resource uncertainty to AEP outcomes: the meaning of exceedance probabilities (‘P50’, ‘P90’ etc.)
  • Assessing other uncertainties and risks to the expected AEP
  • The growth of hybrid projects (wind plus solar and/or storage)


Successful Delivery of Wind Power Projects

Project delivery processes and timeframes

  • Defining the stages and likely timescales for wind farms from development to operation: including case study projects from Australia and southeast Asia
  • Land use challenges and site selection criteria
  • Key reports and contracts with illustrative example documents
  • Environmental and social impact studies: contents and outcomes (including case study from a wind project in India)
  • New channels to markets, including corporate PPAs: Case studies from Europe and Australia

Identifying and mitigating key project delivery risks

  • Stakeholder identification, mapping, prioritisation and engagement
  • The key aspects of planning and contracting issues around the grid connection
  • Planning and permitting risk assessment: A risk mapping illustration
  • Comparing and contrasting project planning, permitting, construction and operating risks at different sites


Taking Wind Power Offshore

Developing & constructing offshore wind farms

  • Development studies including seabed environmental, geotechnical and right-ofway data
  • Offshore wind foundations: their construction, costs and selection criteria: illustrated using examples from European wind farms
  • Offshore grid and cabling, for both inter-array and export connections: Case studies of offshore cabling design and processes in Europe
  • The onshore element of an offshore wind farm (including permitting risk case study from the UK)
  • O&M offshore, including technology innovations and operational best practices to reduce costs

What to watch in offshore wind

  • Reviewing world markets for offshore wind (including growth trends)
  • Cost reduction in offshore wind: where is it coming from? Illustrated using
auction results from the UK and Taiwan
  • Who is investing in offshore wind? And why this differs from the onshore wind sector
  • Analysing the potentially disruptive impact of floating turbines on the offshore wind business
  • Integrating


Making Money from Wind Power Projects

 Identifying the key business case considerations

 Reviewing the cash flow and risk/return variables behind a successful wind power project business case

  • Illustrating the impacts of business and project risks on rates of return (IRR):

Excel cash-flow model illustration

  • Quantifying and explaining the variability of installed cost estimates and cost structure details in wind power projects: illustrated by using and comparing two different, recent datasets; one for worldwide and one for US projects
  • Identifying key financial risk considerations at different stages during the project lifetime
  • How project development and policy can reduce financial risks

Understanding the market value of wind-generated electricity, now and in future

 Levelised costs (LCOE), marginal costs, long-term costs and the impact of wind on ‘merit order’ pricing

  • LCOE calculations and their limitations: when they should and shouldn’t be used
  • Curtailment, negative prices, and the myth of “free wind electricity”
  • The risks facing ‘merchant’ (market-facing) wind power projects
  • Examining the impact of different sources and costs of finance, and their impact on wind energy price competitiveness, illustrated using examples of financing

cost variation for wind between European markets


 Renewable power project developers

  • Power plant owners and operators (utilities and IPPs)
  • Transmission/Distribution system operators
  • Policymakers and policy advisors
  • Investors, including commercial and development banks, venture capital and private equity
  • Vendors & EPC contractors
  • Large energy users
  • Commercial energy-sector services suppliers (law, insurance etc.)