Optimal sizing and financial analysis of a stand-alone SPV-micro-hydropower hybrid system considering generation uncertainty

Hybrid renewable microgrid optimization techniques: a review

Deependra Neupane, Sagar Kafle, Samundra Gurung, Sanjaya Neupane and Nawraj Bhattarai

International Journal of Low-Carbon Technologies, 2021, vol. 16, issue 4, 1479-1491

Abstract: Stand-alone hybrid energy systems are an enticing option for electrification in remote areas in several aspects such as grid extension difficulty, economic feasibility and reliability. The use of existing micro-hydropower (MHP) with other renewable resources in rural areas has not been well studied. Moreover, it is challenging to use mathematical optimization algorithms for these kinds of real-world problems, so the derivative-free algorithm is highly sought. In this paper, a methodology has been proposed to perform the optimal sizing, financial and generation uncertainty analysis of solar photovoltaic (SPV) based on an MHP that is proposed to handle the intermittent power output of the SPV. The analysis is performed in two cases: using storage and without storage. The optimal sizing is performed using the least present value cost and reliability constraint using different derivative-free algorithms. The storage-based hybrid system has been found to generate reliable electricity at minimal cost than without a storage-based one. This study would be helpful to propose electrification and existing micro-hydro reinforcement policies to provide reliable electricity in rural areas.

Keywords: uncertainty; optimization; hybrid-system; storage; micro-hydropower; SPV (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ijlctc:v:16:y:2021:i:4:p:1479-1491.

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