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1 Introduction In recent years, wind turbines have emerged as mainstream electricity generation technology, with increasing numbers of technologically evolving turbine designs being deployed. Between 2000 and 2023, installed capacity 60-folded from 17 to 1007 GW, vastly exceeding the capacity of nuclear power and generating 7.8% of all electricity worldwide in 2023 [1, 2].
Abstract A lack of winterization of power system infrastructure resulted in substantial rolling blackouts in Texas in 2021, but debate about the cost of winterization continues. Here we assess if incentives for winterization on the energy-only market are sufficient. We combine power demand estimates with estimates of power plant outages to derive power deficits and scarcity prices. Expected profits from winterization of a large share of existing capacity are positive.
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