The formula to calculate the Wind Turbine Profit (WTP) is:
\[ WTP = (P \times EP) - DC \]
Where:
Wind Turbine Profit is the net income generated from operating a wind turbine. It is calculated by multiplying the total power generated per day by the price of electricity and then subtracting the daily cost of operating the wind turbine. This metric helps in assessing the financial viability and profitability of wind energy projects.
Let's assume the following values:
Using the formula to calculate the wind turbine profit:
\[ WTP = (500 \times 0.10) - 30 = 50 - 30 = 20 \]
The Wind Turbine Profit (WTP) is $20 per day.