Sharif Digital Repository

In this study, a time simulation model for long-term wind capacity investment decisions in the presence of an electricity market and a tradable green certificate (TGC) market is proposed. Decisions related to the investments in the wind capacity are fundamentally based on incentives gained from both of these markets. Fundamental concepts and models of these markets are described. The TGC price trend-following and value-trading strategies for both generation and distribution companies and the regulatory policies for the limitation of TGC holding time and TGC borrowing fraction are included. In this study, a new dynamic model of coupled TGC and electricity markets is considered in order to... 

Iran is situated in a wind belt. However, the installed wind capacity in Iran is around 300 MW, which is minuscule compared with the global 651 GW capacity as of 2021. Using novel data from wind trackers across Iran, the paper’s findings show immense potential for wind energy in Iran from a technical perspective. While attractive policies are already in place to incentivize wind energy development in Iran, the feed-in tariff (FiT) for wind energy has dropped to around 3 cents per kWh because of the sharp depreciation of the Iranian rial between 2018 and 2020. This paper shows that there is no economic justification for the development of wind farms in Iran at such low FiTs. A minimum FiT of...