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The advantage of having larger turbines are their   accommodate the changing technological and economic
            effectiveness at reducing a project’s LCOE. They produce   environment.
            more energy due to their increased power output during
            a project’s lifetime. Furthermore, tall turbines can   The  current  regulation  in  Canada  prevents
            operate in areas with lower wind speeds making them   manufacturers to build larger turbines onshore. As new
            suitable in Canada. Electricity from renewables will soon   turbines are  being developed  with  tower heights
            be consistently cheaper than most fossil fuels. By 2020,   reaching 200 M, it is becoming increasingly difficult to
            all renewable power-generation technologies  in     find suitable project sites that abide by these
            commercial use are expected to fall within the fossil   restrictions.
            fuel-fired cost range, with most at the lower end of
            undercutting fossil fuels.                          If Canada were to have a favourable regulatory and
                                                                institutional framework, the renewable energy sector
            To further the growth of the renewable energy sector,   would be able to provide more cost-effective clean
            current policies will need to be re-evaluated to better   energy for both the economy and environment.



            References
            AESO. (2017, December 13). REP Round 1 results. Retrieved May 2018, from Alberta Electric System Operator:
            https://www.aeso.ca/market/renewable-electricity-program/rep-round-1-results/
            Bagchi, A. (2016, September 16). Design and construction of wind turbine towers for maximum power generation. Retrieved from Slideshare:
            https://www.slideshare.net/AakashBagchi/design-and-construction-of-wind-turbine-towers-for-maximum-power-generation
            BNEF. (2017). 1H 2017 AMER LCOE UPDATE.
            BNEF. (2017). 2016 GLOBAL WIND TURBINE MARKET SHARES.
            BNEF. (2018). 2H 2017 Wind Turbine Price Index. Retrieved from Bloomberg New Energy Finance:
            https://about.bnef.com/blog/2h-2017-wind-turbine-price-index/
            Bruck, M., Sandborn, P., & Goudarzi, N. (2018, January). A Levelized Cost of Energy (LCOE) model for wind farms that include
            Power Purchase Agreements (PPAs). Renewable Energy, 131-139.
            canwea. (2018). Installed Capacity. Retrieved May 7, 2018, from canwea.ca: https://canwea.ca/wind-energy/installed-capacity/
            canwea. (n.d.). Affordable Power. Retrieved May 7, 2018, from canwea.ca: https://canwea.ca/wind-facts/affordable-power/
            Coxworth, B. (2018, April 25). World's largest offshore wind turbine to be developed in the UK. New Atlas. New Atlas.
            Globe and Mail. (2017, December 31). How Alberta achieved Canada's lowest renewable-electricity prices. Globe and Mail.
            GNB. (2012). Using New Brunswick Crown Lands. Retrieved from
            http://www2.gnb.ca/content/dam/gnb/Departments/nr-rn/pdf/en/ForestsCrownLands/WindExplorationPackage.pdf
            Hatch Ltd. (2008). Nova Scotia Wind Intergration Study. Nova Scotia Department of Energy.
            IRENA. (2018). Renewable Power Generation Costs in 2017. Abu Dhabi: International Renewable Energy Agency. Retrieved May 2018
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            https://www.nrel.gov/analysis/tech-lcoe-documentation.html
            NREL, N. (n.d.). Siting Wind Power Teacher Notes - 1 Siting Wind Power: Wind Power Curves & Community Considerations. Retrieved from
            http://www.pspb.org/e21/media/Siting_Wind_Power_v112_TN.pdf
            Roberts, D. (2018, April 13). These huge new wind turbines are a marvel. They're also the future. . Retrieved from Vox:
            https://www.vox.com/energy-and-environment/2018/3/8/17084158/wind-turbine-power-energy-blades
            Ryan Wieser, M. B. (2016). 2016 Wind Technologies Market Report. U.S Department of Energy (Energy Efficiency & Renewable Energy Office).
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            Appendix 1              Average annual wind speed       7.5 m/s

                                    Wind Farm Loses                   15%
            SAM Wind
            Simulation Inputs       Turbine Costs                $1803.71/ kW
                                    Fixed Cost by capacity         $34.80/kW
                                    Variable cost by generation   $10.92 / MWh
                                    IRR Target                        10%
                                    DSCR Target                       1.3
                                    Analysis Period                 30 Years
                                    Debt Maturity                   30 Years
                                    Interest Rate                     6%
                                Table 2 - Turbine Comparison Inputs (based on 2015 Installed Costs)
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