ABSTRACT
The economic viability of a proposed plant is influenced by several factors that contribute to its profitability. The plant proposal is generally initiated with some expected values of the contributing factors. As the expected profitability would vary with deviations in these factors, the sensitivity of profitability to such variances around their expected values is analyzed. Such a sensitivity analysis determines the range of profitability and raises the confidence level of potential investors. This is important for both wind and photovoltaic (PV) systems but more so for wind systems, in which profitability is extremely sensitive to wind speed variations.
