“…For an example, in Ref. [37], a model of possible small hybrid power generation is studied in terms of technical aspects along with the economic analysis through HOMER software. A.M. Abdilahi in his work [38] use HOMER to investigate the possibility of supplying an electricity from a renewable energy system to Hargeisa, Somalia.…”
Section: Homer Softwarementioning
confidence: 99%
“…The initial capital and replacement costs are assumed to be $ 500 for a 5 kW generator. The O&M cost of the diesel generator is 0.030 $/h for the generator system [37,49]. The diesel generator has the lifetime of 15,000 h and minimum load ratio of 30%.…”
“…For an example, in Ref. [37], a model of possible small hybrid power generation is studied in terms of technical aspects along with the economic analysis through HOMER software. A.M. Abdilahi in his work [38] use HOMER to investigate the possibility of supplying an electricity from a renewable energy system to Hargeisa, Somalia.…”
Section: Homer Softwarementioning
confidence: 99%
“…The initial capital and replacement costs are assumed to be $ 500 for a 5 kW generator. The O&M cost of the diesel generator is 0.030 $/h for the generator system [37,49]. The diesel generator has the lifetime of 15,000 h and minimum load ratio of 30%.…”
“…While Hu and Solana [147] proposed dynamic programming for hybrid wind/diesel engine DG system optimisation based on its operational policy and realistic wind speed simulation, Mohanty et al [148] enhanced the reactive power management of hybrid wind/tidal/diesel engine DG system with unified power flow controller (UPFC) incorporation. In another study, hybrid solar PV/tidal-powered micro-hydro DG system with diesel engine was proposed for mitigation of increased energy demand at southern Bangladesh [149].…”
“…COE is defined as "the mean cost of generating 1 kWh electricity from a particular configuration" [6,13,15,16], and NPC is defined as "the difference of the current worth of all cost inflows and outflows over a particular time period" [6,13,17]. In addition, the renewable fraction of the suggested configuration is assumed to be 100% if the configuration is designed for an independent electricity generation system [18].…”
Section: Economic Evaluation Outputs: Coe and Npcmentioning
confidence: 99%
“…The capacity of PV arrays is believed to range from 0 to 10,000 kW in steps of 5 kW. In addition, the operational lifetime, derating factor, and ground reflectance of PV arrays are known to be 20 years, 80%, and 20%, respectively [16,20].…”
Section: Information On Cost Of Componentsmentioning
While environmental and energy concerns have become global issues, the government of South Korea has made notable efforts and formulated plans for the diffusion of renewable energy generation facilities for the nation's public and governmental institutions. Accordingly, Jeju Island has become one of the most promising locations for utilizing renewable energy resources. This study aims to propose potential configurations for renewable energy generation facilities (mainly solar and wind energy facilities) in response to the electricity demand of the main local governmental offices of Jeju Special Self-Governing Province. The study utilizes the hybrid optimization of multiple energy resources software to simulate two optimized configurations for generation at a cost of energy of $0.306 per kWh (independent) and $0.204 per kWh (grid-connected) with 100% renewable fraction for the island. The implications of the simulation results and limitations of the study are discussed.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.