Risk and economic analysis of utilizing dynamic thermal rated transformer for wind farm connection

Dynamic transformer rating (DTR) can be used to load power transformers above nameplate rating, while respecting contingency loading limits and ensuring an acceptable risk level. Purchase of power transformers is a major contributor for high costs of building new substations. Application of DTR allows to postpone the investment in new power transformers in old substations, thus DTR has a potential to become an economically beneficial technology. A quantitative risk and economic evaluation of DTR application is performed for a wind farm connected transformer and thus for a highly variable load scenario. The risks analyzed in this project are increased loss of insulation life and the risk of dielectric failure, based on the Arrhenius-Weibull model. A comparative net present value calculation has been performed to investigate the profitability of replacing a 19.4 MVA transformer with a 16 MVA dynamically rated transformer. The feasibility of DTR application is analyzed and a methodology is developed to support both transformer manufacturer and potential customers, such as distribution system operators, in the decision-making process of purchasing of dynamically rated transformer for wind energy applications.