Optimal Hybrid Renewable Airport Power System: Empirical Study on Incheon International Airport, South Korea

Seoin Baek, Heetae Kim and Hyun Joon Chang
Additional contact information
Seoin Baek: KAIST (Korea Advanced Institute of Science and Technology), Graduate School of Innovation and Technology, 2225, N5, 291 Daehak-ro, Yuseong-gu, Daejeon 305-701, Republic of Korea
Heetae Kim: KAIST (Korea Advanced Institute of Science and Technology), Graduate School of Innovation and Technology, 2225, N5, 291 Daehak-ro, Yuseong-gu, Daejeon 305-701, Republic of Korea
Hyun Joon Chang: KAIST (Korea Advanced Institute of Science and Technology), Graduate School of Innovation and Technology, 2225, N5, 291 Daehak-ro, Yuseong-gu, Daejeon 305-701, Republic of Korea

Sustainability, 2016, vol. 8, issue 6, 1-13

Abstract: In response to global energy problems (e.g., the oil crisis, the Fukushima accident, the Paris Agreement), the South Korean government has executed a strict renewable energy plan to decrease the country’s dependence on fossil fuel. Public facilities, such as international airports, which use substantial amounts of electricity, are the most in need of government regulation. In this study, we attempt to determine the optimal hybrid electricity generation system for South Korea’s largest airport: Incheon International Airport. In the analysis, we use three scenarios: the current load, 120% of the current load, and 140% of the current load, according to the plan to expand Incheon International Airport. According to the COE (cost of electricity) and the NPC (net present cost) of the result, it is economically feasible to completely cover the potential increase in the electric load with PV power. Government policy implications and limitations are discussed.

Keywords: HOMER; economic feasibility; scenario analysis; photovoltaic; airport (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://www.mdpi.com/2071-1050/8/6/562/pdf (application/pdf)
https://www.mdpi.com/2071-1050/8/6/562/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:8:y:2016:i:6:p:562-:d:72192

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().