The necessity to control and reduce the negative impact of human activities on environment and life quality along with technology progress in renewable energy in general and wind energy in particular render it possible today to consider wind energy projects on a large scale. Developing wind energy on a large scale however raises other problems such as choosing an adequate site to settle a wind farm where many other issues such technical feasibility and performance levels, visual pollution, economic and social concerns, etc. must be addressed. Such decisions usually involve many parameters and necessitate the collaboration of many stakeholders. In this context, this chapter proposes an approach based on the concept of bipolar analysis through Benefit Opportunity Cost and Risk (BOCR) analysis, which permits one to address correctly a Group Decision-Making Problem (GDMP) to build a decision support system in order to assist the wind farm installation process.
Optimal valuation of wind energy projects co-located with battery storage
