scholarly journals Portfolio optimization of power plants by using renewable energy in Iran

2020 ◽  
Author(s):  
Seyedeh Asra Ahmadi ◽  
Seyed Mojtaba Mirlohi ◽  
Mohammad Hossein Ahmadi ◽  
Majid Ameri
Keyword(s):  
Renewable Energy ◽  
Portfolio Optimization ◽  
Energy Supply ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Modern Society ◽  
Sustainable Growth ◽  
Electricity Sector ◽  
Capital Costs

Abstract Lack of investment in the electricity sector has created a huge bottleneck in the continuous flow of energy in the market, and this will create many problems for the sustainable growth and development of modern society. The main reason for this lack of investment is the investment risk in the electricity sector. One way to reduce portfolio risk is to diversify it. This study applies the concept of portfolio optimization to demonstrate the potential for greater use of renewable energy, which reduces the risk of investing in the electricity sector. Besides, it shows that investing in renewable energies can offset the risk associated with the total input costs. These costs stem from the volatility of associated prices, including fossil fuel, capital costs, maintenance, operation and environmental costs. This case study shows that Iran can theoretically supply ~33% of its electricity demand from renewable energy sources compared to its current 15% share. This case study confirms this finding and predicts that Iran, while reducing the risk of investing in electricity supply, can achieve a renewable energy supply of ~9% with an average increase in supply costs. Sensitivity analysis further shows that with a 10% change in input cost factors, the percentage of renewable energy supply is only partially affected, but basket costs change according to the scenario of 5–32%. Finally, suggestions are made that minimize risk rather than cost, which will bring about an increase in renewable energy supply.

scholarly journals Methodical approaches to energy supply with usage of renewable energy sources on objects of transport infrastructure of federal importance

2018 ◽  
Vol 245 ◽  
pp. 15005 ◽  
Author(s):  
Vyacheslav Shestakov ◽  
Olga Novikova ◽  
Artem Melnichenko ◽  
Anastasia Luchnikova
Keyword(s):  
Renewable Energy ◽  
Energy Supply ◽  
Power Plants ◽  
Large Scale ◽  
Renewable Energy Sources ◽  
Transport Infrastructure ◽  
Energy Sources ◽  
Positive Effects ◽  
Potential Possibility ◽  
Methodological Approaches

In this article we consider the potential possibility of using renewable energy sources for the construction of transport infrastructure facilities of the Federal importance. We analyzed major promising projects for the construction of roads and bridges for the period until 2030 year, considered a step-by-step scheme for energy supply of a large facility, using the example of the Kerch bridge, and made an analysis of the potential usage of hybrid power plants based on renewable energy sources for the implementation of projects. We developed methodological approaches to the implementation of large-scale projects that would allow one to take into account not only economic efficiency, but all the positive effects that can be achieved from the project.

scholarly journals The Economics of Renewable Energy Sources into Electricity Generation in Tanzania

2016 ◽  
Vol 2016 ◽  
pp. 1-8 ◽  
Author(s):  
Baraka Kichonge ◽  
Iddi S. N. Mkilaha ◽  
Geoffrey R. John ◽  
Sameer Hameer
Keyword(s):  
Renewable Energy ◽  
Energy Supply ◽  
Electricity Generation ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Primary Energy ◽  
Energy Sources ◽  
Renewable Energy Technologies ◽  
Energy Technologies ◽  
Primary Energy Supply

The study analyzes the economics of renewable energy sources into electricity generation in Tanzania. Business as usual (BAU) scenario and renewable energy (RE) scenario which enforce a mandatory penetration of renewable energy sources shares into electricity generations were analyzed. The results show total investment cost for the BAU scenario is much lower as compared to RE scenario while operating and maintenance variable costs are higher in BAU scenario. Primary energy supply in BAU scenario is higher tied with less investment costs as compared to RE scenario. Furthermore, the share of renewable energy sources in BAU scenario is insignificant as compared to RE scenario due to mandatory penetration policy imposed. Analysis concludes that there are much higher investments costs in RE scenario accompanied with less operating and variable costs and lower primary energy supply. Sensitivity analysis carried out suggests that regardless of changes in investments cost of coal and CCGT power plants, the penetration of renewable energy technologies was still insignificant. Notwithstanding the weaknesses of renewable energy technologies in terms of the associated higher investments costs, an interesting result is that it is possible to meet future electricity demand based on domestic resources including renewables.

scholarly journals Efficient Methods of Market Pricing in Power Industry within the Context of System Integration of Renewable Energy Sources

Energies ◽  
2019 ◽  
Vol 12 (17) ◽  
pp. 3250 ◽  
Author(s):  
Evgeny Lisin ◽  
Galina Kurdiukova ◽  
Pavel Okley ◽  
Veronika Chernova
Keyword(s):  
Renewable Energy ◽  
Energy Supply ◽  
Power Plants ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Market Value ◽  
Economic Incentives ◽  
Energy Sources ◽  
Supply Systems ◽  
Energy Supply Systems

Currently, the majority of world economies (even those located in the sunbelt (+/− 35 degrees of latitude with good sunshine with low seasonality) uses various types of fossil fuels as the main source of energy for their economies. However, this represents a very volatile and unsustainable strategy, since according to various estimates, the fossil fuel era will inevitably end as all carbon fuels are going to be spent in the next few centuries. Unlike traditional energy, renewable energy sources (RES) are not based on energy resources, but rather rely upon natural energy flows. With regard to its unique property, there has been an active construction of power plants of renewable energy and their gradual integration into national energy supply systems in recent decades. At the same time, the existing models of electricity markets were unprepared for their wide distribution. Hence, determination of the market value of energy generated by power plants using renewable energy sources becomes a particularly significant issue. This market value has to take into account the prevention of costs from the use of fossil fuels, as well as the resulting environmental benefits. Our paper proposes methods for solving this problem, contributing to the increase of economic efficiency of investment projects for the construction of renewable energy facilities and the formation of economic incentives for their propagation in energy supply systems. The proposed methods are based on the dynamic differentiation of tariffs for consumers with renewable energy sources depending on their structure of electricity consumption. Its effectiveness is demonstrated by calculating the cost of electricity for households located in the Krasnodar region using renewable energy sources. It is shown that this approach to the formation of tariffs for consumers allows the household to receive additional savings from the efficient use of energy installations on RES and energy storage devices in terms of alignment of the energy consumption schedule. This creates a significant incentive for households to use them and contributes to increasing the effectiveness of government renewable energy support programs, including by solving the acute problem of raising electricity tariffs from the grid.

scholarly journals Techno-Economic Analysis of a Stand-Alone Hybrid Wind-Power Fuel-Cell Grid System: A Case Study in Shahryar Region of Tehran

2020 ◽  
Vol 24 (1) ◽  
pp. 691-705
Author(s):  
Abozar Hashemi ◽  
Ghasem Derakhshan ◽  
M. R. Alizadeh Pahlavani ◽  
Babak Abdi
Keyword(s):  
Renewable Energy ◽  
Fuel Cell ◽  
Wind Power ◽  
Hybrid System ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Production Capacity ◽  
Economic Optimization ◽  
Wind Power Plants

Abstract Decreasing fossil energy resources and increasing greenhouse gas emissions increase the need for clean and renewable energy sources day by day. One of the sources of renewable energy is wind power, which has been constantly evolving in recent years. Wind power plants are sometimes unresponsive during peak hours, so a backup storage system seems essential for these power plants. In this study, a hybrid system is presented for connection to wind power plants consisting of fuel cell and hydrogen production, to provide reliable power and valuable by-products. In this paper, a case study is conducted for the desired system in the Shahryar County. The techno-economic optimization of the above system indicates that in the best design (consisting of three wind turbines), the annual production capacity of the hybrid system will be 1795 MWh, of which 12 % is the share of fuel cells. The results show that the hybrid system increases the capacity factor of the wind power plant by 2.8 %. The calculated cost of energy (COE) and the net present cost (NPC) for the hybrid system would amount to $ 0.77 and $ 5 235.066, respectively.

Applying the Superposition Procedure for the Harmonic Sharing Responsibility between Renewable Energy Power Plants and the Network

2014 ◽  
Vol 15 (3) ◽  
pp. 237-246 ◽  
Author(s):  
Ivan N. Santos ◽  
José C. Oliveira ◽  
Paulo F. Ribeiro ◽  
Alex Reis ◽  
Andréia C. Santos ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Superposition Principle ◽  
Harmonic Distortion ◽  
Nonlinear Characteristics ◽  
Point Of Common Coupling ◽  
Sharing Responsibility

Abstract The increasing penetration of renewable energy sources with nonlinear characteristics, such as wind and photovoltaic power plants, demands a clear procedure for harmonic sharing responsibility between this new kind of generation and the network at the point of common coupling. In fact, there are in literature many procedures regarding the determination of responsibility for violating harmonic distortion limits. Among these proposals, the methodology based on the superposition principle has been one of the most promising procedures. In this context, the present paper is focused on a procedure that applies the superposition methodology to find the harmonic sharing responsibility between a wind power plant and the utility network. To exemplify this application, a case study is performed and analyzed.

scholarly journals Dynamics of Electricity Production against the Backdrop of Climate Change: A Case Study of Hydropower Plants in Poland

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3427
Author(s):  
Katarzyna Kubiak-Wójcicka ◽  
Leszek Szczęch
Keyword(s):  
Renewable Energy ◽  
Energy Policy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Biomass Energy ◽  
Electricity Production ◽  
Lower Amount ◽  
Energy Sources ◽  
Hydropower Plants

Renewable energy sources (RES) play an important role in the European Union’s energy sector as a result of the energy policy framework adopted. Its share in the final energy consumption varies depending on the country and the adopted energy policy. The article presents the structure of electricity production from renewable energy sources in Poland in the years 2002–2019. It was found that the share of energy production from hydroelectric power plants in Poland in relation to the amount of energy produced from renewable energy sources in the analyzed years has strongly decreased. The reason for this state was an increase in the production of energy coming from wind and biomass energy combined with an increase in subsidies for these energy producers. Additionally, unstable hydrological conditions, mainly low river flows, may be the reason for the low share of energy produced in power plants. As a case study, data for five small hydropower plants (SHP) located on the Gwda river (north-western Poland) were analyzed. Electricity production volumes were analyzed depending on the size of the Gwda river flow. It was found that the lower amount of electricity produced at SHPs on the Gwda river is mainly due to lower flows in the river. In the future, unstable electricity production from renewable energy sources may have a significant impact on achieving Poland’s energy targets in 2030.

scholarly journals Implementation of Power Plants Based on Renewable Energy Sources in the Primorsky Krai

2021 ◽  
Vol 2096 (1) ◽  
pp. 012091
Author(s):  
A A Chernyavsky ◽  
O A Ivanin ◽  
A L Shevchenko ◽  
V M Zaichenko
Keyword(s):  
Renewable Energy ◽  
Solar Cells ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Payback Period ◽  
Energy Sources ◽  
Primorsky Krai ◽  
Capital Costs ◽  
Wind Generators

Abstract The results of calculations presented in the article show the effectiveness of the transition from diesel power plants using imported fuel to installations using renewable energy sources – solar cells and wind generators. Studies have shown that for Primorsky Krai such a transition is justified, despite significant capital costs, and the payback period for new power plants based on renewable energy sources is about 8 years.

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