With the rapid depletion of fossil fuel reserves, it is feared that the world will soon run out of its energy resources. This is a matter of concern for developing countries whose economy heavily leans on its use of e...With the rapid depletion of fossil fuel reserves, it is feared that the world will soon run out of its energy resources. This is a matter of concern for developing countries whose economy heavily leans on its use of energy. Under the circums-tances it is highly desirable that renewable energy resources should be utilized with maximum conversion efficiency to cope with the ever increasing energy demand. Furthermore, the global economic and political conditions that tend to make countries more dependent on their own energy resources have caused growing interest in the development and use of renewable energy based technologies. In terms of its environmental advantages, renewable energy sources generate electricity with insignificant contribution of carbon dioxide (CO2) or other greenhouse gases (GHG) to the atmosphere and they produce no pollutant discharge on water or soil and hence power generation from renewable becomes very important. Major types of renewable energy sources include solar, wind, hydro and biomass, all of which have huge potential to meet future energy challenges. Solar photovoltaic technology in one of the first among several renewable energy technologies that have been adopted worldwide for meeting the basic needs of electricity particularly in remote areas. In this paper literature review pertaining to techno-economic feasibility analysis of solar photovoltaic power generation is discussed. The literature is basically classified into the following three main category design methods, techno-economic feasibility of solar photovoltaic power generation, performance evaluations of various systems.展开更多
The demand for electrical energy in urban and suburban areas is increasing drastically because of various reasons.The electricity bill has increased significantly due to increased comfort levels and uses of modern app...The demand for electrical energy in urban and suburban areas is increasing drastically because of various reasons.The electricity bill has increased significantly due to increased comfort levels and uses of modern appliances.Therefore,the demand response along with the power generated from renewable energy resources is playing an important role in reducing electricity bills without compromising any comforts.In this paper,a novel framework is proposed for the selection of renewable energy resources and sizing optimization with reduced costs and increased productivity for the end-users.The simultaneous process of selecting the appropriate renewable energy resources and sizing is covered in three stages:initially,the prediction of power from the renewable energy resources to perform a feasibility analysis is provided.Then,the sizing of the battery energy storage system for a grid integrated system to meet the load profile is performed.Finally,the performance analysis of the proposed microgrid in a deregulated electricity environment is performed.The modeling of the proposed hybrid microgrid considers load flexibility and the stochastic behavior of renewable energy resources.Moreover,the net metering concept(bi-directional energy exchange)is applied.For the developed model,the percentage of annualized return of investment(AROI)is found to be 6.8%with a payback period of 6.67 years.展开更多
文摘With the rapid depletion of fossil fuel reserves, it is feared that the world will soon run out of its energy resources. This is a matter of concern for developing countries whose economy heavily leans on its use of energy. Under the circums-tances it is highly desirable that renewable energy resources should be utilized with maximum conversion efficiency to cope with the ever increasing energy demand. Furthermore, the global economic and political conditions that tend to make countries more dependent on their own energy resources have caused growing interest in the development and use of renewable energy based technologies. In terms of its environmental advantages, renewable energy sources generate electricity with insignificant contribution of carbon dioxide (CO2) or other greenhouse gases (GHG) to the atmosphere and they produce no pollutant discharge on water or soil and hence power generation from renewable becomes very important. Major types of renewable energy sources include solar, wind, hydro and biomass, all of which have huge potential to meet future energy challenges. Solar photovoltaic technology in one of the first among several renewable energy technologies that have been adopted worldwide for meeting the basic needs of electricity particularly in remote areas. In this paper literature review pertaining to techno-economic feasibility analysis of solar photovoltaic power generation is discussed. The literature is basically classified into the following three main category design methods, techno-economic feasibility of solar photovoltaic power generation, performance evaluations of various systems.
文摘The demand for electrical energy in urban and suburban areas is increasing drastically because of various reasons.The electricity bill has increased significantly due to increased comfort levels and uses of modern appliances.Therefore,the demand response along with the power generated from renewable energy resources is playing an important role in reducing electricity bills without compromising any comforts.In this paper,a novel framework is proposed for the selection of renewable energy resources and sizing optimization with reduced costs and increased productivity for the end-users.The simultaneous process of selecting the appropriate renewable energy resources and sizing is covered in three stages:initially,the prediction of power from the renewable energy resources to perform a feasibility analysis is provided.Then,the sizing of the battery energy storage system for a grid integrated system to meet the load profile is performed.Finally,the performance analysis of the proposed microgrid in a deregulated electricity environment is performed.The modeling of the proposed hybrid microgrid considers load flexibility and the stochastic behavior of renewable energy resources.Moreover,the net metering concept(bi-directional energy exchange)is applied.For the developed model,the percentage of annualized return of investment(AROI)is found to be 6.8%with a payback period of 6.67 years.
