This research project seeks to estimate a financial valuation for wind farms in Ireland. The task is to develop decision support tools which will assist wind farm managers to decide between decommissioning, repowering and life extension for the end-of-life of a wind farm, depending on the valuation for each. This research will also assist local communities who may be interested in buying part or all of their local wind farm and owning their own energy source.
Work Packages
1 Project Management, Communications and Dissemination, Data Management
2 Wind Energy Generation
3 Operations and Maintenance
4 Electricity Price
5 Wind Farm Valuation
6 Commercial Decision Support Tool
7 Community Decision Support Tool
8 PhD Thesis
Sources of Funding
This research project receives financial support from Taighde Éireann, Research Ireland, (formerly Science Foundation Ireland) under the Pathway Programme: IRC*21/PATH-A/9348 (€528,056). Funding has also been received from The National University of Ireland (€4,054) and Research Ireland (formerly Science Foundation Ireland) and the Department of Foreign Affairs (DFA) under the SFI Future Innovator Prize – Workshop Grant 24/FIP/WG/3632 (€5,000).
The Irish Research Council is the principal funder of the Wind Value project.
National University of Ireland funded the First Wind Value Conference, 2022
Irish Aid funded the Workshop and Meeting in Tanzania in 2024
The project is based in the Environmental Research Institute (ERI) of University College Cork and in Cork University Business School. It will run from 1st March 2022 for four years.
Here is a link to the project’s place among the other UCC Pathway Award Winners and a link to the Project Description in ERI.
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