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

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.

Design and control of LSTM-ANN controllers for an efficient energy management system in a smart grid based on hybrid renewable energy sources

“…The ratings of all the components of the system are provided in table 1. Generally an optimization method can be applied or by using HOMER software, best combinations (ratings) of various components like PV, wind, Fuel cell, Battery etc can be optimized [36,37]. As shown in figure 1, the Microgrids 2 and 6 are isolated from the nearest Microgrids.…”

Predictive Maintenance for Distribution System Operators in Increasing Transformers’ Reliability

“…The failure of a power distribution transformer may happen due to internal causes inside the transformer [34] or due to environmental conditions such as lightning. In [35], an effort was made to use an online overvoltage monitoring system to acquire the waveform characteristics of encroaching lightning impulses in power transformers.…”

Technical and 2E Analysis of Hybrid Energy Generating System with Hydrogen Production for SRM IST Delhi-NCR Campus

“…In that case, Q LP is single battery lifetime productivity in kWh, Q SP is annual storage productivity in kWh/year, and L BT,f is storage float life in years. Then, the life of the battery bank (L BT ) can be calculated using ( 8) [23]. The technical details battery bank is given in Table A1 in Appendix A.…”

“…It is imperative to design the optimum size of the hybrid plant so that system components are fully utilized with minimum investment. This mainly depends on-(1) the availability of RES, (2) load demand, and (3) the weather conditions of the site [23]. To achieve the optimum system reliability and cost, one or a combination of different sizing methods like the graphical construction method, iterative method and artificial intelligence method can be applied [24].…”