Potential Infrastructure Cost Savings at Hybrid Wind Plus Solar PV Plants

Barker, Aaron; Bhaskar, Parangat; Anderson, Benjamin; Eberle, Annika

doi:10.2172/1836656

Cited by 3 publications

(2 citation statements)

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“…The cost evaluation of implementing the hybrid system also benefits from prior research on individual wind and PV systems, as well as insights from Barker et al, (2021), who provided valuable cost data and a modeling tool to assess the installation cost of hybrid wind-photovoltaic systems. Table 4 and Figure 8 depict the average breakdown of investment costs by hybrid system power generators CAPEX, BOS CAPEX, and O&M CAPEX.…”

Section: Economic and Financial Data Estimated Total Investment Cost ...mentioning

confidence: 99%

Techno-Economic and Environmental Analysis of a Renewable Hybrid System in Southern Morocco

Achbab,

Lambarki,

Rhinane

et al. 2024

Ecol. Eng. Environ. Technol.

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This article presents an assessment of the technical and economic feasibility of a 20 MW grid-connected windsolar-photovoltaic hybrid system in the city of Dakhla, located in southern Morocco. During this study, GIS and virtual reality were integrated to model and simulate the productivity of the hybrid system under local climatic conditions. Additionally, 3D modeling of the system provides an immersive view to visually assess the system's impact on the local landscape and anticipate potential logistical challenges. By taking advantage of this technology, our study goes beyond traditional models, proposing an innovative approach to better understand the spatial and visual dimensions of the project. The results of our study, based on these state-of-the-art methodologies, reveal promising conclusions regarding its annual energy production, which is approximately 60 GW, the levelized cost of energy of the system, which is approximately LCOE = $0.045/kWh, the net present value (NPV) of $27,439,559.00, the internal rate of return (IRR) of 17.5%, and a discounted payback period (DPP) of 8 years. Additionally, from an environmental perspective, the hybrid system has the capacity to avoid approximately 936,494 tons of greenhouse gas emissions, equivalent to savings of approximately $18,729,875.00 in terms of carbon dioxide reduction over its lifetime.

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Section: Economic and Financial Data Estimated Total Investment Cost ...mentioning

confidence: 99%

Techno-Economic and Environmental Analysis of a Renewable Hybrid System in Southern Morocco

Achbab,

Lambarki,

Rhinane

et al. 2024

Ecol. Eng. Environ. Technol.

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“…The focus of this study is on an emerging and increasingly popular approach to enabling VRE integration through the hybridization of VRE and energy storage technologies (Seel et al, 2022). Commonly discussed hybrid renewable energy system designs in the United States leverage the complementary nature of VRE generation sources (Slusarewicz and Cohan, 2018;Clark et al, 2022;, synergies between generation and storage technologies (Göransson and Johnsson, 2018;Frazier et al, 2020), regulatory and policy incentives (Murphy et al, 2021;Stenclik et al, 2022), and reduced balanceof-system (BOS) costs via the sharing of site preparation equipment and labor, substation equipment, and interconnection costs (Barker et al, 2021). A report by the Energy Systems Integration Group (ESIG) ranks avoided transmission and distribution upgrades as the second most important key driver of resource hybridization, behind only tax incentives (whose importance will likely diminish with the investment tax credit [ITC] for standalone storage that was introduced by the Inflation Reduction Act) (Stenclik et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Hybrid renewable energy systems: the value of storage as a function of PV-wind variability

Schleifer,

Harrison-Atlas,

Cole

et al. 2023

Front. Energy Res.

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As shares of variable renewable energy (VRE) on the electric grid increase, sources of grid flexibility will become increasingly important for maintaining the reliability and affordability of electricity supply. Lithium-ion battery energy storage has been identified as an important and cost-effective source of flexibility, both by itself and when coupled with VRE technologies like solar photovoltaics (PV) and wind. In this study, we explored the current and future value of utility-scale hybrid energy systems comprising PV, wind, and lithium-ion battery technologies (PV-wind-battery systems). Using a price-taker model with simulated hourly energy and capacity prices, we simulated the revenue-maximizing dispatch of a range of PV-wind-battery configurations across Texas, from the present through 2050. Holding PV capacity and point-of-interconnection capacity constant, we modeled configurations with varying wind-to-PV capacity ratios and battery-to-PV capacity ratios. We found that coupling PV, wind, and battery technologies allows for more effective utilization of interconnection capacity by increasing capacity factors to 60%–80%+ and capacity credits to close to 100%, depending on battery capacity. We also compared the energy and capacity values of PV-wind and PV-wind-battery systems to the corresponding stability coefficient metric, which describes the location-and configuration-specific complementarity of PV and wind resources. Our results show that the stability coefficient effectively predicts the configuration-location combinations in which a smaller battery component can provide comparable economic performance in a PV-wind-battery system (compared to a PV-battery system). These PV-wind-battery hybrids can help integrate more VRE by providing smoother, more predictable generation and greater flexibility.

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Wind-plus-storage integration in emerging markets – a GIS-driven proof-of-concept for Papua New Guinea

McClenny,

Tynes,

Xydis

2024

International Journal of Emerging Electric Power Systems

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Developing nations are facing market, regulatory, and monetary issues that often prevent them from being on the cutting edge of the energy industry. Climate commitments set forth by international cooperation like the Paris Agreement are calling for countries to decarbonize their energy infrastructure. The International Finance Corporation (IFC) predicts that much of the development in the renewable energy sector is poised to come from developing nations; this is where the greatest opportunities lie for systemic change. This study will highlight the shifting trend towards wind-plus-storage, the development cycle of disruptive technologies, key characteristics of wind-plus-storage projects, and a discussion on best practices to stimulate market demand, technological innovation, and associated regulations. A case study in Oceania, in Papua New Guinea was constructed using ArcGIS as a proof of concept to highlight data that can be leveraged to preliminarily identify high potential sites for wind-plus-storage project development. A detailed map was revealed and the different wind-plus-storage options for future project development were found. It has not been studied so far how a wind-plus-storage project can contribute to more holistic energy systems in emerging markets, such as in the case of Papua New Guinea.

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Potential Infrastructure Cost Savings at Hybrid Wind Plus Solar PV Plants

Cited by 3 publications

References 0 publications

Techno-Economic and Environmental Analysis of a Renewable Hybrid System in Southern Morocco

Techno-Economic and Environmental Analysis of a Renewable Hybrid System in Southern Morocco

Hybrid renewable energy systems: the value of storage as a function of PV-wind variability

Wind-plus-storage integration in emerging markets – a GIS-driven proof-of-concept for Papua New Guinea

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