Evaluation criteria of independent hybrid energy systems

Tae Yong Jung, Donghun Kim, SeoKyung Lim and Jongwoo Moon

International Journal of Low-Carbon Technologies, 2019, vol. 14, issue 4, 493-499

Abstract: Based on actual measurement data from a resort in the Maldives, this paper explores the criteria for the optimal off-grid renewable energy systems that contribute to greenhouse gas mitigation and climate adaptation efforts from three perspectives: technical, economic and environmental. Using Hybrid Optimization of Multiple Electric Renewables software, the optimal technical combination of hybrid energy system is determined. Moreover, indicators such as levelized cost of energy and net present cost are considered as economic criteria to determine the financial feasibility of the off-grid renewable energy systems. Finally, CO2 emission level and renewable shares are reviewed from environmental perspective.

Keywords: hybrid energy system; energy storage system; off-grid system; LCOE; HOMER (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ijlctc:v:14:y:2019:i:4:p:493-499.

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