Wind speed modeling and energy production simulation with Weibull sampling

This paper describes the maximum likely estimation (MLE) method and the method of moments (MOM) for wind speed modeling. The Weibull wind speed distribution models are fitted using the two methods and the wind data from a tall tower in the Midwestern United States, with seasonal wind speed variations also considered in the modeling. It turned out that both methods provide very similar results with comparable accuracy. The Monte Carlo simulation is used for obtaining expected wind energy production using a Weibull sampling technique.