Optimal Stochastic Short-Term Scheduling of Renewable Energy Hubs Taking into Account the Uncertainties of the Renewable Sources

2018 ◽  
pp. 189-220
Author(s):  
Moein Moeini-Aghtaie ◽  
Amir Safdarian ◽  
Zohreh Parvini ◽  
Fereshteh Aramoun
Keyword(s):  
Renewable Energy ◽  
Short Term ◽  
Renewable Sources

scholarly journals Renewable Energy Deployment and COVID-19 Measures for Sustainable Development

2021 ◽  
Vol 13 (8) ◽  
pp. 4418
Author(s):  
Miraj Ahmed Bhuiyan ◽  
Jaehyung An ◽  
Alexey Mikhaylov ◽  
Nikita Moiseev ◽  
Mir Sayed Shah Danish
Keyword(s):  
Renewable Energy ◽  
Short Term Memory ◽  
External Environment ◽  
Energy Markets ◽  
Energy Market ◽  
Short Term ◽  
The United Kingdom ◽  
Long Short Term Memory ◽  
Restrictive Measures ◽  
The Impact

The main goal of this study is to evaluate the impact of restrictive measures introduced in connection with COVID-19 on consumption in renewable energy markets. The study will be based on the hypothesis that similar changes in human behavior can be expected in the future with the further spread of COVID-19 and/or the introduction of additional quarantine measures around the world. The analysis also yielded additional results. The strongest reductions in energy generation occurred in countries with a high percentage (more than 80%) of urban population (Brazil, USA, the United Kingdom and Germany). This study uses two models created with the Keras Long Short-Term Memory (Keras LSTM) Model, and 76 and 10 parameters are involved. This article suggests that various restrictive strategies reduced the sustainable demand for renewable energy and led to a drop in economic growth, slowing the growth of COVID-19 infections in 2020. It is unknown to what extent the observed slowdown in the spread from March 2020 to September 2020 due to the policy’s impact and not the interaction between the virus and the external environment. All renewable energy producers decreased the volume of renewable energy market supply in 2020 (except China).

scholarly journals Does the Increase in Renewable Energy Influence GDP Growth? An EU-28 Analysis

Energies ◽  
2021 ◽  
Vol 14 (16) ◽  
pp. 4762
Author(s):  
Daniela Nicoleta Sahlian ◽  
Adriana Florina Popa ◽  
Raluca Florentina Creţu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Greenhouse Gases ◽  
Negative Impact ◽  
Gdp Growth ◽  
Panel Analysis ◽  
Renewable Sources ◽  
Per Capita ◽  
Near Future ◽  
The Eu

The aim of our study was to analyze whether the increase in the use of renewable energy can help GDP growth. The research carried out shows that renewable energy has the ability to decrease or neutralize the negative impact of greenhouse gases (GHG), but also to maintain economic growth. We focused our analysis on the EU-28 as we know that the EU Commission’s aim, in the near future, is to join forces to reduce the GHG used and move to renewable sources. We used a panel analysis with data between 2000 and 2019 from all Member States, and our results showed that their economic growth is influenced positively by the production of renewable energy, the GHG per capita, and the GHG intensity per GDP.

scholarly journals Hybrid Forecasting Methodology for Wind Power-Photovoltaic-Concentrating Solar Power Generation Clustered Renewable Energy Systems

2021 ◽  
Vol 13 (12) ◽  
pp. 6681
Author(s):  
Simian Pang ◽  
Zixuan Zheng ◽  
Fan Luo ◽  
Xianyong Xiao ◽  
Lanlan Xu
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
Wind Power ◽  
Solar Power ◽  
Prediction Method ◽  
Random Fluctuation ◽  
Concentrating Solar Power ◽  
Short Term ◽  
Hybrid Forecasting ◽  
Energy Cluster

Forecasting of large-scale renewable energy clusters composed of wind power generation, photovoltaic and concentrating solar power (CSP) generation encounters complex uncertainties due to spatial scale dispersion and time scale random fluctuation. In response to this, a short-term forecasting method is proposed to improve the hybrid forecasting accuracy of multiple generation types in the same region. It is formed through training the long short-term memory (LSTM) network using spatial panel data. Historical power data and meteorological data for CSP plant, wind farm and photovoltaic (PV) plant are included in the dataset. Based on the data set, the correlation between these three types of power generation is proved by Pearson coefficient, and the feasibility of improving the forecasting ability through the hybrid renewable energy clusters is analyzed. Moreover, cases study indicates that the uncertainty of renewable energy cluster power tends to weaken due to partial controllability of CSP generation. Compared with the traditional prediction method, the hybrid prediction method has better prediction accuracy in the real case of renewable energy cluster in Northwest China.

Very Short-Term Renewable Energy Power Prediction Using XGBoost Optimized by TPE Algorithm

2020 ◽  
Author(s):  
Zhenchuan Ma ◽  
Haijun Chang ◽  
Zhongqing Sun ◽  
Fusuo Liu ◽  
Wei Li ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Power Prediction ◽  
Short Term

The dynamics of Indian energy mix: a two-phase analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amit Prakash Jha ◽  
Sanjay Kumar Singh
Keyword(s):  
Renewable Energy ◽  
Phase Analysis ◽  
Electricity Consumption ◽  
Second Phase ◽  
Power Sector ◽  
Renewable Sources ◽  
Content Type ◽  
Energy Mix ◽  
Per Capita ◽  
Indian Power Sector

PurposeThe Indian power sector is dominated by coal. Environmental awareness and advances in techno-economic front have led to a slow but steady shift towards greener alternatives. The distributions of both fossil fuel resources and renewable energy potential are not uniform across the states. Paper attempts to answer how the states are performing in the sector and how the renewable energy and conventional resources are affecting the dynamics.Design/methodology/approachThe authors employ a two-stage data envelopment analysis (DEA) to rank the performance of Indian states in the power sector. Multi-stage analysis opens up the DEA black-box through disaggregating power sector in two logical sub-sectors. The performance is evaluated from the point-of-view of policy formulating and implementing agencies. Further, an econometric analysis using seemingly unrelated regression equations (SURE) is conducted to estimate the determinants of total and industrial per-capita electricity consumption.FindingsEfficiency scores obtained from the first phase of analysis happens to be a significant explanatory variable for power consumption. The growth in electricity consumption, which is necessary for economic wellbeing, is positively affected by both renewable and non-renewable sources; but conventional sources have a larger impact on per-capita consumption. Yet, the share of renewables in the energy mix has positive elasticity. Hence, the findings are encouraging, because development in storage technologies, falling costs and policy interventions are poised to give further impetus to renewable sources.Originality/valueThe study is one of the very few where entire spectrum of the Indian power sector is evaluated from efficiency perspective. Further, the second phase analysis gives additional relevant insights on the sector.

Application of Renewable Energy in the Construction

2012 ◽  
Vol 193-194 ◽  
pp. 111-114 ◽  
Author(s):  
Yue Ren ◽  
Zhi Qi
Keyword(s):  
Renewable Energy ◽  
Solar Energy ◽  
Energy Conservation ◽  
Geothermal Energy ◽  
Renewable Sources ◽  
Renewable Sources Of Energy ◽  
Integrated Project

We discuss the form of application of renewable sources of energy including solar energy and geothermal energy in the environment of construction, and an integrated project on renewable sources of energy is taken as a case study. We also analyze the feasible plans that utilize multiple renewable sources of energy in the construction. The significance of the energy conservation and reduction is presented as well.

scholarly journals The Potential of Using Renewable Energy Sources in Poland Taking into Account the Economic and Ecological Conditions

Energies ◽  
2021 ◽  
Vol 14 (22) ◽  
pp. 7525
Author(s):  
Mariusz Niekurzak
Keyword(s):  
Renewable Energy ◽  
Carbon Dioxide Emissions ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Technical Specification ◽  
Economic Benefits ◽  
Environmental Benefits ◽  
Energy Sources ◽  
Renewable Sources ◽  
Starting Point

The aim of the manuscript was to present the collective results of research on the profitability of using various renewable sources in Poland with the greatest development potential. In the paper, the economic parameters of various investment projects were determined and calculated, i.e., Net Capital Value (NPV), Internal Rate of Return (IRR) and the Period of Return on Invested Capital (PBT). The economic assessment of the use of RES technologies was supplemented with the assessment of environmental benefits. The ecological criterion adopted in the study was the assessment of the potential and costs of reducing greenhouse gas emissions as a result of replacing fossil fuels with renewable energy technologies. On the basis of the constructed economic model to assess the profitability of investments, it has been shown that the analyzed projects will start to bring, depending on their type and technical specification, measurable economic benefits in the form of a reduction in the amount of energy purchased on an annual basis and environmental benefits in the form of reduction of carbon dioxide emissions to the atmosphere. Moreover, the calculations show a high potential for the use of certain renewable sources in Poland, which contributes to the fulfillment of energy and emission obligations towards the EU. The analyzes and research of the Polish energy market with the use of the presented models have shown that the project is fully economically justified and will allow investors to make a rational decision on the appropriate selection of a specific renewable energy source for their investment. The presented economic models to assess the profitability of investments in renewable energy sources can be successfully used in other countries and can also be a starting point for a discussion about the direction of energy development. Due to the lack of collective, original and up-to-date research on the domestic market, the manuscript provides the reader with the necessary knowledge regarding the legitimacy of using renewable energy sources, investment and environmental profitability.

scholarly journals Do the Green Credit Guidelines Affect Renewable Energy Investment? Empirical Research from China

2021 ◽  
Vol 13 (16) ◽  
pp. 9331
Author(s):  
Kexian Zhang ◽  
Yan Wang ◽  
Zimei Huang
Keyword(s):  
Renewable Energy ◽  
Natural Experiment ◽  
Energy Transformation ◽  
Credit Policy ◽  
Short Term ◽  
Energy Investment ◽  
Mediating Role ◽  
Green Development ◽  
Renewable Energy Investment

How to promote renewable energy investment is central to energy transformation and green development. To take China’s “green credit guidelines” policy as a quasi-natural experiment, we investigate the impacts of green credit policy on renewable energy investment. Using the samples of 1021 Chinese listed enterprises during 2007–2017, we find that: Firstly, the introduction of the green credit guidelines has promoted renewable energy investment. Secondly, short-term debts play a mediating role in the impacts of green credit guidelines on renewable energy investment, while long-term debts play a masking role, and financing constraints do not play a significant role. Thirdly, the heterogeneous impacts on renewable energy investment are reflected in different ownerships and enterprise scales, with significant impacts on the state-owned enterprises and small ones.

scholarly journals Potential of Utilization of Renewable Energy Technologies in Gulf Countries

2021 ◽  
Vol 13 (18) ◽  
pp. 10261
Author(s):  
J. Sadhik Basha ◽  
Tahereh Jafary ◽  
Ranjit Vasudevan ◽  
Jahanzeb Khan Bahadur ◽  
Muna Al Ajmi ◽  
...  
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
United Arab Emirates ◽  
Renewable Energy Sources ◽  
Gas Production ◽  
Energy Sources ◽  
Nonrenewable Resource ◽  
Gulf Region ◽  
Renewable Sources ◽  
Power Sources

This critical review report highlights the enormous potentiality and availability of renewable energy sources in the Gulf region. The earth suffers from extreme air pollution, climate changes, and extreme problems due to the enormous usage of underground carbon resources applications materialized in industrial, transport, and domestic sectors. The countries under Gulf Cooperation Council, i.e., Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, mainly explore those underground carbon resources for crude oil extraction and natural gas production. As a nonrenewable resource, these are bound to be exhausted in the near future. Hence, this review discusses the importance and feasibility of renewable sources in the Gulf region to persuade the scientific community to launch and explore renewable sources to obtain the maximum benefit in electric power generation. In most parts of the Gulf region, solar and wind energy sources are abundantly available. However, attempts to harness those resources are very limited. Furthermore, in this review report, innovative areas of advanced research (such as bioenergy, biomass) were proposed for the Gulf region to extract those resources at a higher magnitude to generate surplus power generation. Overall, this report clearly depicts the current scenario, current power demand, currently installed capacities, and the future strategies of power production from renewable power sources (viz., solar, wind, tidal, biomass, and bioenergy) in each and every part of the Gulf region.

Sign in / Sign up

Export Citation Format

Share Document