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      "text": "The capacity factor is the ratio of actual-to-maximum output, and is sometimes also referred to as the plant load factor.",
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      "text": "P(ρ, w) = { 0 if w < w or w ≥ w; min(½ρAw³C(w), c) if w ≤ w < w } (4)",
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      "text": "Like many economists working in countries where the quality and quantity of historical weather data is limited, we have opted to use reanalysis data to estimate wind resources at each project-site (Auffhammer et al., 2013).",
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      "text": "For a wind farm of a given capacity, cn, the amount of power that it generates depends on its capacity factor, fn. The capacity factor is the ratio of actual-to-maximum output, and is sometimes also referred to as the plant load factor.",
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      "text": "4See appendix B for a lengthier description of power curves.",
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