Estimating Incentive Contracts for Solar PV-based Microgrid Production Considering Cost-Benefit Uncertainty

Abstract

Traditional fossil fuel power plants not only pollute the environment but also aggravate climate change. It has become a consensus to develop green, low-carbon and renewable energy. Countries all over the world have realized the urgency of energy transformation. According to the roadmap made by the International Renewable Energy Agency [1], to achieve the climate targets outlined in the Paris Agreement, decarbonization in the power sector will require renewable energy generation to account for 85%