Economic Feasibility of a Renewable Integrated Hybrid Power Generation System for a Rural Village of Ladakh

Shilpa Sambhi, Himanshu Sharma, Vikas Bhadoria, Pankaj Kumar, Ravi Chaurasia, Giraja Shankar Chaurasia, Georgios Fotis, Vasiliki Vita, Lambros Ekonomou and Christos Pavlatos
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Shilpa Sambhi: Department of Electrical and Electronics Engineering, SRM Institute of Science and Technology, Delhi NCR Campus, Modinagar 201204, Uttar Pradesh, India
Himanshu Sharma: Department of Electrical and Electronics Engineering, SRM Institute of Science and Technology, Delhi NCR Campus, Modinagar 201204, Uttar Pradesh, India
Vikas Bhadoria: Department of Electrical and Electronics Engineering, ABES Engineering College, Ghaziabad 201009, Uttar Pradesh, India
Pankaj Kumar: Department of Electrical and Electronics Engineering, SRM Institute of Science and Technology, Delhi NCR Campus, Modinagar 201204, Uttar Pradesh, India
Ravi Chaurasia: Department of Electrical and Electronics Engineering, SRM Institute of Science and Technology, Delhi NCR Campus, Modinagar 201204, Uttar Pradesh, India
Giraja Shankar Chaurasia: Department of Electrical and Electronics Engineering, SRM Institute of Science and Technology, Delhi NCR Campus, Modinagar 201204, Uttar Pradesh, India
Georgios Fotis: Department of Electrical and Electronic Engineering Educators, School of Pedagogical and Technological Education, 14121 Athens, Greece
Vasiliki Vita: Department of Electrical and Electronic Engineering Educators, School of Pedagogical and Technological Education, 14121 Athens, Greece
Lambros Ekonomou: Department of Electrical and Electronic Engineering Educators, School of Pedagogical and Technological Education, 14121 Athens, Greece
Christos Pavlatos: Hellenic Air Force Academy, Dekelia Air Base, Acharnes, 13671 Athens, Greece

Energies, 2022, vol. 15, issue 23, 1-25

Abstract: This paper mainly dealt with the technical and economic feasibility of an off-grid hybrid power generation system for a remote rural Turtuk village of Ladakh, located in the northern part of India. The study showed that the proposed configured renewable integrated hybrid system, using Hybrid Optimization of Multiple Energy Resources (HOMER) software, efficiently met the energy demand, exhibiting optimum performance with low investment. The proposed PV(115 kW)/Wind(1 kW)/Battery(164 strings of 6 V each)/DG(50 kW) hybrid system was a highly commendable, feasible solution preferred from a total of 133,156 available solutions resulting from HOMER simulations. The net present cost and energy cost of the proposed configuration were $278,176 and $0.29/kWh, respectively. The proposed hybrid configuration fulfilled local load, with 95.97% reduced dominant harmful carbon dioxide emission, as compared to the sole us of a diesel generator power supply system. The technical performance of the hybrid system was ensured, with advantages including the highest renewable penetration and least unmet load. Furthermore, the analysis exclusively evaluated the impact of the system’s economic parameters (namely, its expected inflation rate, nominal discount rate, and project lifetime) on the net present cost and cost of energy of the system using a noble single fix duo vary approach.

Keywords: decentralized energy system; solar photovoltaic; net present cost; levelized cost of energy; renewable penetration; sensitivity analysis (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: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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