Optimal Hybrid Renewable Power System for an Emerging Island of South Korea: The Case of Yeongjong Island

Seoin Baek, Heetae Kim and Hyun Joon Chang
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Seoin Baek: Graduate School of Innovation and Technology, KAIST, Daejeon 305–701, Korea
Heetae Kim: Graduate School of Innovation and Technology, KAIST, Daejeon 305–701, Korea
Hyun Joon Chang: Graduate School of Innovation and Technology, KAIST, Daejeon 305–701, Korea

Sustainability, 2015, vol. 7, issue 10, 1-17

Abstract: South Korea, which has led in “green growth” since 2012, is now focusing on investigating new-growth engine industries such as the gaming industry and mega-resort development. Yeongjong Island is the most representative and promising location for nurturing the gaming industry, which has already generated more than 20 billion USD. However, the construction of mega resort clusters generates critical energy issues. Despite this potential problem, local governments and South Korea’s central government have not yet established a sustainable energy blueprint plan. Therefore, the objective of our research is to analyze and suggest an optimal hybrid renewable power system for Yeongjong Island by using empirical data (load data, climate data, equipment data, and economic variables). The results of the study academically show 100% of electricity in Yeongjong Island with renewable energy-oriented hybrid system technologically, economically, and socially feasible for the following reasons: First, the island’s renewable energy station has a lower cost and a shorter construction period than other energy stations. Second, the island’s renewable energy station produces no carbon dioxide and has no risk of other environmental pollution that may encounter resistance from local residents.

Keywords: HOMER; sustainability; renewable energy; microgrid (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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