Energy and economic study of using Pumped Hydropower Storage with renewable resources to recover the Furnas reservoir

Johnson Herlich Roslee Mensah, Ivan Felipe Silva dos Santos, Danielle Rodrigues Raimundo, Maria Cláudia Costa de Oliveira Botan, Regina Mambeli Barros and Geraldo Lucio Tiago Filho

Renewable Energy, 2022, vol. 199, issue C, 320-334

Abstract: Hydroelectric power plants have been losing competitiveness to renewable resources in Brazil, specifically wind and solar power resources, given the current water crisis in the country, which has left main reservoirs in the Brazilian hydroelectric power system depleted. However, other renewable energy resources show disadvantages in terms of intermittence and energy storage. Pumped Hydropower Storage (PHS) can help mitigate this problem, supplying energy with fewer variations. This paper studied using PHS concepts together with solar and/or wind renewable resources to recover water levels at the Furnas reservoir in terms of energy and economic performance. The energy studies were developed by sizing the PHS and identifying solar and wind resource potential for supplying energy for pumps in the hydropower plant. The economic analyses considered three different scenarios (I; II and III), and used the NPV (Net Present Value), and LCOE (Levelized Cost of Electricity) methods for a period of 30 years. Energy calculations showed that 1692 MWh/day of energy could be generated using PHS. However, 2729 MWh/day of energy would be needed to store generated energy, and a 1037 MWh negative energy balance will be compensated for by using daily wind and/or solar photovoltaic power production. This would allow the Furnas reservoir to regain 0.45 m of its water level per year. The economic studies showed economic viability for PHS scenarios I and III, with estimated NPV at 151.5 million dollars, and 64.5 million dollars for the last year of the project, respectively. Scenario II was unviable, giving rise to several strong discussions on this application within Brazil.

Keywords: Pumped hydroelectricity storage; Photovoltaic solar energy; Wind energy; Hybrid system; Economic viability; Furnas (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:199:y:2022:i:c:p:320-334

DOI: 10.1016/j.renene.2022.09.003

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