Effects of Weibull shape parameter, k, on capacity factors of wind turbines were investigated. Wind distributions with mean wind speeds of 5 m/s, 6 m/s, 7 m/s and 8 m/s were simulated and used to estimate the annual energy productions and capacity factors of a 2MW wind turbine for various Weibull shape parameters. It was found from the study that the capacity factors of wind turbines are much affected by Weibull shape parameters. When the annual mean wind speed at the hub height of a wind turbine was about 7 m/s, and the air density was assumed to be 1.225 $kg/m^3$, the maximum capacity factor of a 2 MW wind turbine having a rated wind speed of 13 m/s was found to occur with the shape parameter of 2. It was also found that as the mean wind speed increased, the Weibull k parameter which yielded the maximum capacity factor increased. The simulated results were also validated by predictions of capacity factors of wind turbines using wind data measured in complex terrain.