Optimization of an Eco-Friendly Energy System for an Isolated Island considering CO2 External Cost

Abstract

The purpose of this study was to design and evaluate an optimal energy supply system for the isolated island, Gasado, with microgrid technology. Simulation of a renewable energy power system, including energy storage (an energy storage system -ESS), economic analysis, and evaluation of external CO 2 costs, was conducted for Gasado. The results showed that a renewable power system, supplied with ESS, was the best option, considering climatic conditions, and the load pattern for the target area.