The wind farm construction project is a multi-year complex project, during which all interested parties are exposed to numerous risks. Risk analysis is necessary in order for the investor and the project manager to better predict and avoid potential problems and costs during the project’s lifetime. Through the first part of the work, the theoretical foundations of wind energy, wind speed, and factors that influence wind speed are given. Below are described the basic parts and performances of wind farms, the way they are connected to the grid, as well as the cost structure of the wind farm project, the basic indicators of the economic profitability of the project and incentive measures for renewable energy sources, among which the most important change is the system of stimulating production from the system of guaranteed tariffs to the system of market premiums . In the project assignment, a financial analysis of the wind farm construction project was made according to the future model of stimulating production with a system of premiums. The basic risks in the wind farm construction project are listed, and a model for calculating the profitability of the wind farm was created on a specific example through various simulations in Visual Basic and Microsoft Excel, in which a risk analysis was carried out, as well as an analysis of the project’s sensitivity to changes in key parameters.