Wind park reliable energy production based on a hydrogen compensation system. Part II: Economic study

Power production from renewable energy resources is increasing day by day. In the case of Spain, in 2009 it represented 26.9% of installed power and 20.1% of energy production. Wind energy makes the most important contribution to this production. Wind generators are greatly affected by the restrictive operating rules of electricity markets because, as wind is naturally variable, wind generators may have serious difficulties in submitting accurate generation schedules on a day-ahead basis, and in complying with scheduled obligations. Weather forecast systems have errors in their predictions depending on wind speed. Therefore, if wind energy becomes an important actor in the energy production system, these fluctuations could compromise grid stability. In the previous paper in this brief series [1], the authors showed technical results of the proposed solution, which consists of combining wind energy production with a biomass gasification system and a hydrogen generation system based on these two sources. In the present paper it is shown the economic results of the study, considering the most profitable technical configurations and three possible economic scenarios.

► Economical viability of a wind energy compensation system is proven.
► Near term scenario shows negative results.
► Economical viability of medium-term scenario is achieved with governmental support.
► Long-term scenario with no subsidies this compensation system is not affordable.