Techno‐Economic Analysis of Hybrid Renewable Energy System with Energy Storage for Rural Electrification

Sahu, Pradeep Kumar; Jena, Satyaranjan; Sahoo, U.

doi:10.1002/9781119555667.ch3

Cited by 11 publications

(2 citation statements)

References 58 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…One of India's main renewable energy sources for electricity generation is solar energy, especially in rural areas with limited access to the utility grid [56]. A solar PV module's power output is directly correlated with the site's solar radiation (SR) levels.…”

Section: Pv System Modelingmentioning

confidence: 99%

Innovative Optimization of Microgrid Configuration for Sustainable, Reliable and Economical Energy Using Homer Software

Usman,

Sharma,

Joshi

et al. 2024

Preprint

View full text Add to dashboard Cite

Mewar University grapples with exorbitant energy costs of approximately $1kWh, unreliable power supply, and a significant reliance on diesel engines and the grid. This dependency not only escalates energy expenses but also contributes to greenhouse gas emissions, exacerbating climate change, global warming, and environmental pollution. To mitigate these issues, this study proposes an optimized microgrid design integrating PV solar panels, wind turbines, diesel generators, and grid connectivity, utilizing HOMER software for optimization. The software identified multiple configurations, with the optimal design meeting an energy demand of 20,077,351 kWh/year through a combination of solar PV (288,947,670 kWh annually), wind turbines (36,825,618 kWh annually), and minimal reliance on diesel generators. The system would purchase 3,827,194 kWh annually from the grid during low renewable output periods and sell 167,761,193 kWh annually during surplus production. This design achieves a levelized cost of energy (LCOE) of $0.00146/kWh and a return on investment (ROI) of 10.1%, with total component expenditure of $16,207,384, covering capital investments, operations and maintenance (O&M), and fuel costs. Solar photovoltaics contributes 83% of the annual production, with the remaining 17% from the grid and wind turbines, establishing the system as cost-effective and environmentally friendly due to its heavy reliance on renewable energy sources (RES). Comprehensive feasibility, technical, economic and sensitivity analyses confirm the viability of implementing this proposed system. Ultimately, the proposed microgrid design promises a sustainable, economical, and reliable energy solution for the University.

show abstract

Section: Pv System Modelingmentioning

confidence: 99%

Innovative Optimization of Microgrid Configuration for Sustainable, Reliable and Economical Energy Using Homer Software

Usman,

Sharma,

Joshi

et al. 2024

Preprint

View full text Add to dashboard Cite

show abstract

“…For this reason, the microgrid operators (MGOs) and independent power providers (IPPs) can effectively curtail the global energy crisis and the carbon emission that is identified with the fossil fuels based power stations by using GETs [3]. Currently, the GETs based power plants have received universal recognition as major sources of electricity supply because of socio-economic benefits, government incentives, rebates, tax holidays and public worries over the carbon emissions that emanated from the combustion of fossil fuels [4]. The demand for the GETs had increased tremendously in recent times due to the fact that they have become the most feasible option for power generation in the vertically integrated market [5].…”

Section: Introductionmentioning

confidence: 99%

Optimal Design and Techno-Economic Analysis of a Grid-Connected Photovoltaic and Battery Hybrid Energy System

Adefarati

Onaolapo

Njepu

et al. 2022

JERA

View full text Add to dashboard Cite

The application of green energy technologies (GETs) has been accepted universally due to the industrial revolution, increasing energy demand, high standard of living, population growth and fluctuation of crude oil prices. In view of this, GETs have been recognized on a global note as a promising and significant alternative to meet ever increasing power demand. This research work is aimed at optimal operation and design of hybrid renewable energy system (HRES) to enhance the performance of the power system while taking into consideration the energy produced, levelized cost of energy (LCOE), return on investment (ROI), solar fraction (SF), net present value (NPV), payback period and saved CO2 emissions based on the photovoltaic (PV) orientation. This is due to the fact that the solar panel generates more electrical output when its surface is perpendicular to the solar radiation. The PV orientation significantly affects the output of a solar farm, for this reason, fixed tilted plane, vertical axis tracking system and two axes tracking system are proposed in this research work to estimate their effects on the technical, economic and environmental performance of HRES. This paper presents a grid-connected HRES that comprises utility grid, PV, battery system (BS) and load. The modelling and simulation of HRES are implemented by using PVsyst.7 energy tools in conjunction with the meteorological data made available by the National Aeronautics and Space Administration (NASA). The research outputs show that the two axes tracking system is more techno-economic feasible when compared with the fixed tilted plane and vertical axis tracking system based on the following results: Energy obtained from the grid of 4.657 MW/yr, LCOE of 0.075 ZAR/kWh, ROI of 862.7%, SF of 0.6781, NPV of 828,881.74 ZAR, payback period of 3.5 years and carbon balance of 732.240 tons. The outcomes of the study can be used by the power system planners and designers as benchmarks to utilize the prospect of solar resources for power sector reform and the industrial revolution.

show abstract

Designing and Optimisation of Microgrid with Green Energy Source for Efficient Power Supply

Naseem,

Ashraf,

Kamal

2024

Innovations in Sustainable Technologies and Computing

View full text Add to dashboard Cite

Techno‐Economic Analysis of Hybrid Renewable Energy System with Energy Storage for Rural Electrification

Cited by 11 publications

References 58 publications

Innovative Optimization of Microgrid Configuration for Sustainable, Reliable and Economical Energy Using Homer Software

Innovative Optimization of Microgrid Configuration for Sustainable, Reliable and Economical Energy Using Homer Software

Optimal Design and Techno-Economic Analysis of a Grid-Connected Photovoltaic and Battery Hybrid Energy System

Designing and Optimisation of Microgrid with Green Energy Source for Efficient Power Supply

Contact Info

Product

Resources

About