scholarly journals A Techno-Economic Study of 100% Renewable Energy for a Residential Household in China

Energies ◽  
2019 ◽  
Vol 12 (11) ◽  
pp. 2109 ◽  
Author(s):  
Zhe Lv ◽  
Zengping Wang ◽  
Wanyu Xu
Keyword(s):  
Renewable Energy ◽  
Net Present Value ◽  
Evaluation Model ◽  
Economic Feasibility ◽  
Energy Structure ◽  
Renewable Energy Resources ◽  
Depth Of Discharge ◽  
Cost Of Energy ◽  
Pollution Emissions ◽  
Wind Resource

In the context of global warming and energy shortage, this paper discusses the techno-economic feasibility of a residential household based on 100% renewable energy in China. The energy storage life, equipment’s residual value, system shortage capacity and atmospheric pollution emissions were considered comprehensively. A life cycle evaluation model based on the net present value (NPV) was built. Taking a real household as an example, the levelised cost of energy (LCOE) is 0.146 $/kW and the unmet load is only 0.86%, which has a big economic advantage when compared with diesel generators. If grid-connected, the system can bring $8079 in 25 years when the LCOE is −0.062 $/kW. The effects of the allowed shortage capacity, renewable energy resources, battery price and the allowed depth of discharge on the economy and energy structure were examined. For example, due to the features of the residential load, the influence of wind resource richness is more obvious than the irradiance. The maximum depth of discharge has less impact on the economy. This paper verifies the techno-economic rationality and feasibility of 100% renewable energy for a household.

scholarly journals Analysis of Techno-Economic-Environmental Suitability of an Isolated Microgrid System Located in a Remote Island of Bangladesh

2020 ◽  
Vol 12 (7) ◽  
pp. 2880 ◽  
Author(s):  
Hasan Masrur ◽  
Harun Or Rashid Howlader ◽  
Mohammed Elsayed Lotfy ◽  
Kaisar R. Khan ◽  
Josep M. Guerrero ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Economic Feasibility ◽  
Added Value ◽  
Renewable Energy Resources ◽  
Hybrid Microgrid ◽  
Load Demand ◽  
Cost Of Energy ◽  
Remote Island ◽  
Heavy Burden ◽  
Energy Options

Following a rise in population, load demand is increasing even in the remote areas and islands of Bangladesh. Being an island that is also far from the mainland of Bangladesh, St. Martin’s is in need of electricity. As it has ample renewable energy resources, a renewable energy-based microgrid system seems to be the ultimate solution, considering the ever-increasing price of diesel fuel. This study proposes a microgrid system and tests its technical and economic feasibility in that area. All possible configurations have been simulated to try and find the optimal system for the island, which would be eco-friendly and economical with and without considering renewable energy options. The existing power supply configuration has also been compared to the best system after analyzing and investigating all technical and economic feasibility. Sensitivity and risk analysis between different cases provide added value to this study. The results show that the current diesel-based system is not viable for the island’s people, but rather a heavy burden to them due to the high cost of per unit electricity and the net present cost. In contrast, a PV /Wind/Diesel/Battery hybrid microgrid appeared to be the most feasible system. The proposed system is found to be around 1.5 times and 28% inexpensive considering the net present cost and cost of energy, respectively, with a high (56%) share of renewable energy which reduces 23% carbon dioxide.

scholarly journals Technical and Economic Study of Powering Poultry Farm in Egypt Using PV-Biomass on-grid Energy Generation System: Case Study

2021 ◽  
Vol 16 ◽  
pp. 67-77
Author(s):  
T. A. Boghdady ◽  
Ali J. Alamer ◽  
Mina M. Yousef ◽  
Ahmed M. Elshafee ◽  
M. A. Mostafa Hassan ◽  
...  
Keyword(s):  
Energy Source ◽  
Renewable Energy ◽  
Hybrid System ◽  
Alternative Energy ◽  
Economic Feasibility ◽  
Biomass Energy ◽  
Poultry Farm ◽  
Renewable Energy Resources ◽  
Cost Of Energy ◽  
Production Form

The main goal of this work is to find economical alternative energy supply solution for poultry industry in Egypt. By studying the economic feasibility of using hybrid renewable energy resources as main source of power for existing poultry farm in Egypt to reduce existing operational cost of energy and add resilience and reliability dimensions for the operation of poultry farm in rural locations. In addition to reducing the environmental impact of using poultry litter in its fundamental form. This hybrid system connected to grid is used in the company to avoid instability problem in which the company suffered when they applied biomass energy source as main power source to their farm in Lebanon. The grid will be used as energy storage during the excess energy production form the hybrid system and to add some resilience and reliability dimensions to the hybrid system to prevent instability to the farm ‘s grid due to the high penetration of renewable energy. The economic feasibility is evaluated of this configuration using HOMER versus different configurations and sizes for these systems including the existing situation of depending only on grid as main source of energy. The results showed that the best configuration is 400 kW biomass generator, and 500 kW PV plant will satisfy the average demanded load of 9660 kWh daily with using the grid as backup energy source. The cost of energy for this configuration will be 0.0894 $/kWh which is lower than continuing existing situation depending on the grid as main source of power in which its Cost of Energy (COE) will reach during the lifetime of the project to 0.184 $/kWh due to the increase in COE in Egypt by 8%.

scholarly journals A Software for Calculating the Economic Aspects of Floating Offshore Renewable Energies

2019 ◽  
Vol 17 (1) ◽  
pp. 218 ◽  
Author(s):  
Laura Castro-Santos ◽  
Almudena Filgueira-Vizoso
Keyword(s):  
Renewable Energy ◽  
Net Present Value ◽  
Renewable Energies ◽  
Economic Feasibility ◽  
Offshore Wind ◽  
Farm Type ◽  
Cost Of Energy ◽  
Distributed Arrays ◽  
Economic Parameters ◽  
Farm Life

The aim of this work is to develop a software to calculate the economic parameters so as to determine the feasibility of a floating offshore renewable farm in a selected location. The software can calculate the economic parameters of several types of offshore renewable energies, as follows: one renewable energy (floating offshore wind—WindFloat, tension leg platform (TLP), and spar; floating wave energy—Pelamis and AquaBuoy), hybrid offshore wind and wave systems (Wave Dragon and W2Power), and combined offshore wind and waves with different systems (independent arrays, peripherally distributed arrays, uniformly distributed arrays, and non-uniformly distributed arrays). The user can select several inputs, such as the location, configuration of the farm, type of floating offshore platform, type of power of the farm, life-cycle of the farm, electric tariff, capital cost, corporate tax, steel cost, percentage of financing, or interest and capacity of the shipyard. The case study is focused on the Galicia region (NW of Spain). The results indicate the economic feasibility of a farm of floating offshore renewable energy in a particular location in terms of its costs, levelized cost of energy (LCOE), internal rate of return (IRR), net present value (NPV), and discounted pay-back period. The tool allows for establishing conclusions about the dependence of the offshore wind resource parameters, the main distances (farm–shore, farm–shipyard, and farm–port), the parameters of the waves, and the bathymetry of the area selected.

scholarly journals Techno-Economic Feasibility Assessment of Grid-Connected PV Systems for Residential Buildings in Saudi Arabia—A Case Study

2019 ◽  
Vol 12 (1) ◽  
pp. 262 ◽  
Author(s):  
Amir A. Imam ◽  
Yusuf A. Al-Turki ◽  
Sreerama Kumar R.
Keyword(s):  
Power Generation ◽  
Saudi Arabia ◽  
Renewable Energy ◽  
Net Present Value ◽  
Economic Feasibility ◽  
Performance Ratio ◽  
Present Value ◽  
Pv System ◽  
Levelized Cost ◽  
Cost Of Energy

This paper presents a techno-economic feasibility evaluation for a grid-connected photovoltaic energy conversion system on the rooftop of a typical residential building in Jeddah, one of the major cities in Saudi Arabia. In Saudi Arabia, electric energy consumption is the highest in the domestic sector, with 48.1% of the total electricity consumption. As the power generation in Saudi Arabia mainly relies on conventional resources, environmental pollution and energy sustainability are major concerns. To minimize these issues, the Saudi government is in the process of maximizing the utilization of renewable energy resources for power generation. Investing in solar energy in Saudi Arabia is important because the country is witnessing a rapid increase in load demand, with annual growth rates of 6%. In this paper, the system advisor model software for renewable energy modeling has been utilized to perform a techno-economic feasibility analysis of a residential grid-connected solar photovoltaic (PV) system, which is proposed for a typical apartment in Saudi Arabia, on the basis of various key performance indicators, namely: yield factor, capacity factor, performance ratio, levelized cost of energy, net present value, internal rate of return, and payback period. A sensitivity analysis that investigates the impact of varying techno-economic parameters on system performance and feasibility is also discussed. The size of the PV system for a typical Saudi Arabian apartment is estimated to be 12.25 kW. Results have shown that the proposed system can generate 87% of the electricity needs of an apartment. The technical analysis showed that the capacity factor and the performance ratio were 22% and 78% respectively. The levelized cost of energy and net present value revealed competitive figures of 0.0382 $/kWh and $4378, respectively. The investigations indicate that residential PV installations are an effective option for energy management in the country.

scholarly journals Environmental Impact and Levelised Cost of Energy Analysis of Solar Photovoltaic Systems in Selected Asia Pacific Region: A Cradle-to-Grave Approach

2021 ◽  
Vol 13 (1) ◽  
pp. 396
Author(s):  
Norasikin Ahmad Ludin ◽  
Nurfarhana Alyssa Ahmad Affandi ◽  
Kathleen Purvis-Roberts ◽  
Azah Ahmad ◽  
Mohd Adib Ibrahim ◽  
...  
Keyword(s):  
Life Cycle Assessment ◽  
Renewable Energy ◽  
Life Cycle ◽  
Environmental Impact ◽  
Degradation Rate ◽  
Economic Feasibility ◽  
Asia Pacific ◽  
Solar Photovoltaic ◽  
Economic Output ◽  
Cost Of Energy

Sustainability has been greatly impacted by the reality of budgets and available resources as a targeted range of carbon emission reduction greatly increases due to climate change. This study analyses the technical and economic feasibility for three types of solar photovoltaic (PV) renewable energy (RE) systems; (i) solar stand-alone, a non-grid-connected building rooftop-mounted structure, (ii) solar rooftop, a grid-connected building rooftop-mounted structure, (iii) solar farm, a grid-connected land-mounted structure in three tropical climate regions. Technical scientific and economic tools, including life cycle assessment (LCA) and life cycle cost assessment (LCCA) with an integrated framework from a Malaysian case study were applied to similar climatic regions, Thailand, and Indonesia. The short-term, future scaled-up scenario was defined using a proxy technology and estimated data. Environmental locations for this scenario were identified, the environmental impacts were compared, and the techno-economic output were analysed. The scope of this study is cradle-to-grave. Levelised cost of energy (LCOE) was greatly affected due to PV performance degradation rate, especially the critical shading issues for large-scale installations. Despite the land use impact, increased CO2 emissions accumulate over time with regard to energy mix of the country, which requires the need for long-term procurement of both carbon and investment return. With regards to profitably, grid-connected roof-mounted systems achieve the lowest LCOE as compared to other types of installation, ranging from 0.0491 USD/kWh to 0.0605 USD/kWh under a 6% discounted rate. A simple payback (SPB) time between 7–10 years on average depends on annual power generated by the system with estimated energy payback of 0.40–0.55 years for common polycrystalline photovoltaic technology. Thus, maintaining the whole system by ensuring a low degradation rate of 0.2% over a long period of time is essential to generate benefits for both investors and the environment. Emerging technologies are progressing at an exponential rate in order to fill the gap of establishing renewable energy as an attractive business plan. Life cycle assessment is considered an excellent tool to assess the environmental impact of renewable energy.

scholarly journals Determining the Optimized Hub Height of Wind Turbine Using the Wind Resource Map of South Korea

Energies ◽  
2019 ◽  
Vol 12 (15) ◽  
pp. 2949 ◽  
Author(s):  
Lee ◽  
Kim ◽  
Kang ◽  
Kim
Keyword(s):  
South Korea ◽  
Wind Turbine ◽  
Wind Profile ◽  
Lower Layer ◽  
Economic Feasibility ◽  
Strong Wind ◽  
Cost Of Energy ◽  
Height Increase ◽  
Wind Profiles ◽  
Wind Resource

Although the size of the wind turbine has become larger to improve the economic feasibility of wind power generation, whether increases in rotor diameter and hub height always lead to the optimization of energy cost remains to be seen. This paper proposes an algorithm that calculates the optimized hub height to minimize the cost of energy (COE) using the regional wind profile database. The optimized hub height was determined by identifying the minimum COE after calculating the annual energy production (AEP) and cost increase, according to hub height increase, by using the wind profiles of the wind resource map in South Korea and drawing the COE curve. The optimized hub altitude was calculated as 75~80 m in the inland plain but as 60~70 m in onshore or mountain sites, where the wind profile at the lower layer from the hub height showed relatively strong wind speed than that in inland plain. The AEP loss due to the decrease in hub height was compensated for by increasing the rotor diameter, in which case COE also decreased in the entire region of South Korea. The proposed algorithm of identifying the optimized hub height is expected to serve as a good guideline when determining the hub height according to different geographic regions.

An Analytical Model for Evaluating Wind Turbine Types

2014 ◽  
Vol 543-547 ◽  
pp. 333-336 ◽  
Author(s):  
Amy H.I. Lee ◽  
Meng Chan Hung ◽  
W.L. Pearn ◽  
He Yau Kang
Keyword(s):  
Decision Making ◽  
Renewable Energy ◽  
Evaluation Model ◽  
Renewable Energy Sources ◽  
Multiple Criteria Decision Making ◽  
Analytic Network Process ◽  
Renewable Energy Resources ◽  
Network Process ◽  
Term Energy

With worldwide developments stressing the security, economy, human well-beings and environmental costs of relying heavily on fossil and nuclear energy, the demand of safe renewable energy resources is expanding consistently and tremendously in recent years. With its safe and environmental characteristics, wind energy production has become one of the fastest growing renewable energy sources in the world. While new wind power capacity is being added in more places in various countries, the installation of wind turbines is an important process for long-term energy generation. In this study, an evaluation model, which incorporates multiple criteria decision making (MCDM) methods, including decision making trial and evaluation laboratory (DEMATEL) and fuzzy analytic network process (FANP), is developed to establish interactive relationships between criteria. Fuzzy Yager ranking method is used for deffuzification. The final ranking of the alternatives is obtained, and this can provide decision-makers for references.

Adequacy Evaluation of Wind-PV-ES Hybrid Power System

2012 ◽  
Vol 608-609 ◽  
pp. 790-795
Author(s):  
Dong Lei ◽  
Lv Qin ◽  
Pu Tianjiao ◽  
Zhou Haiming
Keyword(s):  
Renewable Energy ◽  
Power System ◽  
Sequential Monte Carlo ◽  
Evaluation Model ◽  
Level Energy ◽  
Renewable Energy Resources ◽  
Hybrid Power System ◽  
Hybrid Power ◽  
Proposed Model ◽  
Pv Penetration

Renewable energy resources such as wind, wave, solar and biomass are becoming more important, and Wind-PV-ES hybrid power system is a promising and efficient utilization of renewable energy. Based on the sequential Monte-Carlo simulation approach, an evaluation model of Wind-PV-ES hybrid generation system is built, and storage time series model is optimized. Lastly, the effectiveness and feasibility of the proposed model is verified by a practical example, and the system impacts of PV penetration level, energy storage capacity and rated output power are illustrated.

scholarly journals The Economic Feasibility of Floating Offshore Wave Energy Farms in the North of Spain

Energies ◽  
2020 ◽  
Vol 13 (4) ◽  
pp. 806 ◽  
Author(s):  
Laura Castro-Santos ◽  
Ana Bento ◽  
Carlos Guedes Soares
Keyword(s):  
Wave Energy ◽  
Net Present Value ◽  
Energy Resource ◽  
Economic Feasibility ◽  
Wave Energy Converter ◽  
Energy Converter ◽  
The North ◽  
Cost Of Energy ◽  
Offshore Wave ◽  
North Of Spain

A technique to analyse the economic viability of offshore farms composed of wave energy converters is proposed. Firstly, the inputs, whose value will be considered afterwards in the economic step, was calculated using geographic information software. Secondly, the energy produced by each wave converter was calculated. Then the economic factors were computed. Finally, the restriction that considers the depth of the region (bathymetry) was put together with the economic outputs, whose value depends on the floating Wave Energy Converter (WEC). The method proposed was applied to the Cantabric and Atlantic coasts in the north of Spain, a region with a good offshore wave energy resource. In addition, three representative WECs were studied: Pelamis, AquaBuoy and Wave Dragon; and five options for electric tariffs were analysed. Results show the Wave Energy Converter that has the best results regarding its LCOE (Levelized Cost of Energy), IRR (Internal Rate of Return) and NPV (Net Present Value), and which area is best for the development of a wave farm.

scholarly journals Eco-Friendly Education Facilities: The Case of a Public Education Building in South Korea

2018 ◽  
Vol 8 (10) ◽  
pp. 1733
Author(s):  
Eunil Park ◽  
Angel del Pobil
Keyword(s):  
Renewable Energy ◽  
South Korea ◽  
Energy Production ◽  
Technical Information ◽  
Energy Resources ◽  
Future Research ◽  
Renewable Energy Resources ◽  
Research Areas ◽  
Cost Of Energy ◽  
Renewable Energy Production

Since the importance and effects of national energy policies, plans, and roadmaps were presented in South Korea, the role of renewable energy resources has received great attention. Moreover, as there is significant reasoning for reducing and minimizing nuclear and fossil fuel usage in South Korean national energy plans, several academic scholars and implementers have expended significant effort to present the potential and feasibility of renewable energy resources in South Korea. This study contributes to these efforts by presenting potential sustainable configurations of renewable energy production facilities for a public building in South Korea. Based on economic, environmental, and technical information as well as the presented simulation results, it proposes an environmentally friendly renewable energy production facility configuration that consists of photovoltaic arrays, battery units, and a converter. Subsidies for installing and renovating such facilities are also considered. The potential configuration indicates $0.464 as the cost of energy, 100% of which is renewable. Potential limitations and future research areas are suggested based on the results of these simulations.

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