Wind farms have an estimated lifespan of twenty to twenty five years, and as they age, their value decreases, potentially becoming a liability. This article discusses a research project that aims to develop a decision support tool for wind farm owners. The tool will help estimate financial outcomes and assess risk profiles for different options such as repowering, life extension, or decommissioning. Additionally, the project will explore challenges and opportunities related to co-investment between local communities and wind farm owners.
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Dorcas Mikindani (2024) studied this question.
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