Renewable energy integration/techno-economic feasibility analysis, cost/benefit impact on islanded and grid-connected operations: A case study

Tanveer Ahmad and Dongdong Zhang

Renewable Energy, 2021, vol. 180, issue C, 83-108

Abstract: On-grid and off-grid renewable energy sources have emerged as a more efficient way to meet large-scale urban and rural needs. The integration of renewables into the utilities/island mode as well as into the techno-economic feasibility studies determines the financial viability, technical and operational viability of the project. This study was conducted to integrate renewables and techno-economic feasibility analysis using the utility grid-connected and islanded mode to meet the demand for community and commercial loads with these strategic objectives. Three main analytical tasks have been performed, including: optimization, simulation, and sensitivity analysis. We selected four sensitivity cases and further divided each sensitivity case into four sensitivity loops, including different combinations of renewable energy sources, e.g., photovoltaics, wind turbines, battery banks, power grids, converters, and diesel generators. The following parameters were used to conduct a techno-economic feasibility analysis: capital costs, replacement costs, operating and maintenance costs, salvage costs, fuel costs, real-time commercial/community load, and climate data. The best results of sensitivity case-2 were selected for the techno-economic feasibility analysis of the remaining four sensitivity cases. The islanded mode net present and annualized sensitivity loop-1 costs in sensitivity case-2 were noted at $1381080.42 and $106832.62, respectively. Net present and annualized sensitivity loop-1 costs in sensitivity case-2 of the grid-connected utility mode were noted at $512792.1 and $39,666.71, respectively. The proposed utility grid-connected mode cost is two times lower than that of the islanded mode, so we have chosen sensitive case-2 for hourly, seasonal, and annual electrical load flow and techno-economic feasibility analysis to meet the community and commercial load demand.

Keywords: Renewable energy integration; Techno-economic feasibility analysis; Sensitivity analysis; Photovoltaic and wind power generation; Islanded & utility grid-connected mode; Cost optimization (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:180:y:2021:i:c:p:83-108

DOI: 10.1016/j.renene.2021.08.041

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