Wind farm investments portfolio formation using GIS-based suitability analysis and simulation procedures.

The use of renewable energy sources instead of conventional energy sources is at the core of policy actions to reduce dependency on fossil fuels worldwide. As a result, especially during the last decade, the cost of renewable energy has significantly decreased, enriching renewable energy cost-competitiveness. Due to the spatial nature of renewable energy sector-related decisions, the synergy of geographical information systems (GIS) and Multiple Criteria Decision Analysis (MCDA) models can enrich the quality of the related decisions given their ability to effectively support land management considerations.