Dear Friends,
In the planning and financing stage of a wind power plant project, risk assessment is required quantifying all risks related to the wind farm financing.
The output from a wind power plant is given in terms of AEP (Annual Energy Production). At the same time, AEP is also given in terms of exceedance probabilities (Pxx) of the wind farm's annual energy production. For example, P75 is the annual energy production which is reached with a probability of 75%. The risk that an annual energy production of P90 is not reached is 10%. Both values are widely used by banks and investors as base in their financing decisions.
Please help me to obtain P75, P90 & P95 values from AEP. I understand that some correction factors (may be based on site conditions) are employed for this.