Loss of Load Probability (LOLP)

A Loss of Load Probability (LOLP) is a measure of the probability that is the ratio between the estimated energy deficit and the energy demand over the total operation time of the installation.

Related Definitions in the Project: The Energy Definitions 

Posted in Engineering, Renewable Energy and tagged , , .

ThePD (The Project Definition)

ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.