Economic Profitability of a Hybrid Approach to Powering Residual Households from Natural Sources in Two Wind Zones of the Lubuskie Voivodeship in Poland

Piotr Kułyk and Łukasz Augustowski
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Piotr Kułyk: Faculty of Economics and Management, University of Zielona Góra, 65-417 Zielona Góra, Poland
Łukasz Augustowski: Faculty of Economics and Management, University of Zielona Góra, 65-417 Zielona Góra, Poland

Energies, 2021, vol. 14, issue 21, 1-15

Abstract: The research was a response to the search for alternative energy sources and the assessment of their profitability and legitimacy of use. The assessment used combined energy sources in the form of wind, solar, and natural gas energy. The research was carried out in various locations with varying degrees of sunlight and in various wind zones, which was motivated by the adopted strategy of increasing the importance of non-conventional energy sources and reducing greenhouse gas emissions. The evaluation was performed using the Homer Grid software. The studies showed the justification for the use of hybrid energy sources, combining renewable and non-renewable sources, at the current stage of development. In the conditions of the Lubuskie Voivodeship, the level of insolation was more important than the more favourable wind zone in such a model. Higher economic efficiency of the hybrid model was obtained in the southern location, with slightly less favourable conditions for wind installations. At the same time, the investments were economically profitable and allowed for their return in the perspective of at least eleven years, even at current prices.

Keywords: hybrid energy; renewable energy; clean energy; energy economics; homer model (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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