Economic evaluation of thermal power station investments considering the impact of renewable energy sources

2012 ◽  
Author(s):  
Adelino J. C. Pereira ◽  
Joao Tome Saraiva
Keyword(s):  
Renewable Energy ◽  
Economic Evaluation ◽  
Thermal Power Station ◽  
Renewable Energy Sources ◽  
Thermal Power ◽  
Energy Sources ◽  
Power Station ◽  
The Impact

scholarly journals Analyzing Trade in Continuous Intra-Day Electricity Market: An Agent-Based Modeling Approach

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3860
Author(s):  
Priyanka Shinde ◽  
Ioannis Boukas ◽  
David Radu ◽  
Miguel Manuel de Manuel de Villena ◽  
Mikael Amelin
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Thermal Power ◽  
Agent Based Modeling ◽  
Market Liquidity ◽  
Energy Sources ◽  
Modeling Framework ◽  
Agent Based

In recent years, the vast penetration of renewable energy sources has introduced a large degree of uncertainty into the power system, thus leading to increased trading activity in the continuous intra-day electricity market. In this paper, we propose an agent-based modeling framework to analyze the behavior and the interactions between renewable energy sources, consumers and thermal power plants in the European Continuous Intra-day (CID) market. Additionally, we propose a novel adaptive trading strategy that can be used by the agents that participate in CID market. The agents learn how to adapt their behavior according to the arrival of new information and how to react to changing market conditions by updating their willingness to trade. A comparative analysis was performed to study the behavior of agents when they adopt the proposed strategy as opposed to other benchmark strategies. The effects of unexpected outages and information asymmetry on the market evolution and the market liquidity were also investigated.

Power Cycles of Generation III and III+ Nuclear Power Plants

2014 ◽  
Author(s):  
Alexey Dragunov ◽  
Eugene Saltanov ◽  
Igor Pioro ◽  
Pavel Kirillov ◽  
Romney Duffey
Keyword(s):  
Renewable Energy ◽  
Natural Gas ◽  
Thermal Efficiency ◽  
Nuclear Power ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Thermal Power ◽  
Electrical Energy ◽  
Energy Sources ◽  
Thermal Power Plants

It is well known that the electrical-power generation is the key factor for advances in any other industries, agriculture and level of living. In general, electrical energy can be generated by: 1) non-renewable-energy sources such as coal, natural gas, oil, and nuclear; and 2) renewable-energy sources such as hydro, wind, solar, biomass, geothermal and marine. However, the main sources for electrical-energy generation are: 1) thermal - primary coal and secondary natural gas; 2) “large” hydro and 3) nuclear. The rest of the energy sources might have visible impact just in some countries. Modern advanced thermal power plants have reached very high thermal efficiencies (55–62%). In spite of that they are still the largest emitters of carbon dioxide into atmosphere. Due to that, reliable non-fossil-fuel energy generation, such as nuclear power, becomes more and more attractive. However, current Nuclear Power Plants (NPPs) are way behind by thermal efficiency (30–42%) compared to that of advanced thermal power plants. Therefore, it is important to consider various ways to enhance thermal efficiency of NPPs. The paper presents comparison of thermodynamic cycles and layouts of modern NPPs and discusses ways to improve their thermal efficiencies.

Kazakhstan: Assessment of Renewable Energy Support and a Green Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 631
Author(s):  
Sergey BESPALYY
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
The State ◽  
Green Economy ◽  
Energy Sources ◽  
Environmentally Sustainable ◽  
The Government ◽  
The Impact

The growth of renewable energy sources (RES) shows the desire of the government of Kazakhstan to meet challenges that affect the welfare and development of the state. National targets, government programs, policies influence renewable energy strategies. In the future, renewable energy technologies will act as sources of a green economy and sustainable economic growth. The state policy in the field of energy in Kazakhstan is aimed at improving the conditions for the development and support of renewable energy sources, amendments are being made to provide for the holding of auctions for new RES projects, which replaces the previously existing system of fixed tariffs. It is expected that the costs of traditional power plants for the purchase of renewable energy will skyrocket, provided that the goals in the field of renewable generation are achieved. This article provides an assessment of international experience in supporting renewable energy sources, as well as analyzes the current situation in the development of renewable energy in Kazakhstan and the impact on sustainable development and popularization of the «green» economy. The study shows that by supporting the development of renewable energy sources, economic growth is possible, which is achieved in an environmentally sustainable way.

scholarly journals Wind Data Analysis and Wind Flow Simulation Over Large Areas

2014 ◽  
Vol 10 (1) ◽  
pp. 38-45
Author(s):  
Angel Terziev ◽  
Ivan Antonov ◽  
Rositsa Velichkova
Keyword(s):  
Renewable Energy ◽  
Wind Energy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Wind Flow ◽  
Energy Potential ◽  
Wind Potential ◽  
Wind Energy Potential ◽  
The Impact

Abstract Increasing the share of renewable energy sources is one of the core policies of the European Union. This is because of the fact that this energy is essential in reducing the greenhouse gas emissions and securing energy supplies. Currently, the share of wind energy from all renewable energy sources is relatively low. The choice of location for a certain wind farm installation strongly depends on the wind potential. Therefore the accurate assessment of wind potential is extremely important. In the present paper an analysis is made on the impact of significant possible parameters on the determination of wind energy potential for relatively large areas. In the analysis the type of measurements (short- and long-term on-site measurements), the type of instrumentation and the terrain roughness factor are considered. The study on the impact of turbulence on the wind flow distribution over complex terrain is presented, and it is based on the real on-site data collected by the meteorological tall towers installed in the northern part of Bulgaria. By means of CFD based software a wind map is developed for relatively large areas. Different turbulent models in numerical calculations were tested and recommendations for the usage of the specific models in flows modeling over complex terrains are presented. The role of each parameter in wind map development is made. Different approaches for determination of wind energy potential based on the preliminary developed wind map are presented.

scholarly journals The Financing of Renewable Energy Sources and the Level of Sustainable Development of Poland’s Provinces in the Area of Environmental Order

Energies ◽  
2020 ◽  
Vol 13 (21) ◽  
pp. 5591
Author(s):  
Piotr Siemiątkowski ◽  
Patryk Tomaszewski ◽  
Joanna Marszałek-Kawa ◽  
Janusz Gierszewski
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Linear Ordering ◽  
Energy Sources ◽  
Local Administration ◽  
Moderate Increase ◽  
Statistical Features ◽  
Closed Set ◽  
The Impact

The overall purpose of this study is to evaluate the impact of financing renewable energy sources on the assessment of sustainable development in Poland’s provinces. There are also two detailed objectives: (1) define how Polish policies are being passed on to local authorities; (2) realize a Poland’s provinces ranking, taking into account the indicators of sustainable development, thanks to the taxonomic measure of development in the area of environmental order. This study deals with the taxonomic assessment of local sustainable development in the local administration units of Poland. To this end, the methods of linear ordering were applied for the assessment of the level of objects differentiation with the use of a closed set of statistical features. The presented analysis proved that the taxonomic distances between synthetic measures for particular provinces are considerable. The highest values of the integrated measure in 2018 were obtained by the following provinces: Podlaskie, Subcarpathian and Lubusz. It is noteworthy to point to the big changes in the ranking between 2018 and 2016. The cluster analysis showed some progress in achieving the goals of sustainable development. The group of provinces with an average level of sustainable development in 2018 included six provinces compared to two provinces in 2016. Removing one indicator from the integrated measure (the financing of renewable energy sources (RES)) led to a moderate increase in the integrated measure across all the provinces. This implies that, on average, the financing of renewable energy sources exerts increasingly smaller impacts on the level of sustainable development in Poland.

scholarly journals THE PARADIGM OF ECONOMIC ENERGY SECURITY BY ORIENTATION ON RENEWABLE ENERGY SOURCES

2020 ◽  
pp. 114-125
Author(s):  
Tetyana DERKACH ◽  
Denys CHEBANENKO
Keyword(s):  
Renewable Energy ◽  
National Economy ◽  
Energy Security ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Economic Feasibility ◽  
Energy Sources ◽  
Energy Prices ◽  
Equal Distribution ◽  
The Impact

Introduction. The topic of renewable energy today is one of the most relevant and requires consideration from the point of view of all components of this process, namely economic, financial, environmental, technological, and others. The transition to renewable energy is already irreversible today since natural resources are depleted, fuel prices are the subject to significant fluctuations, and the stable growth of the national economy is ensured by energy security. The purpose. The purpose of the article is to analyze the volume of global energy consumption, to analyze the impact of the introduction of renewable energy sources on the development of the national economy, to ensure energy security with the depletion of hydrocarbon resources and a slight diversification of their suppliers. Results. Today the Ukrainian economy is the most energy-intensive. Unstable energy prices are a threat both to the global economy and to each country separately. Therefore, in the event of a decrease in the supply of traditional energy resources, the importing countries experience the greatest difficulties. The existing tendency in Ukraine to increase the consumption of traditional energy sources, combined with the absence of a targeted policy aimed at reducing the volume of environmental pollution, will lead to an increase in negative economic consequences. The advantage of renewable energy sources is their equal distribution throughout the country (with the exception of water resources). This feature leads to the formation of one of the main characteristics of power systems based on renewable energy sources, namely, their decentralization. It should be borne in mind that the world energy market is made up of state and non-state participants. Non-state participants are showing an upward trend. However, the state should have the greatest influence on the national energy sector. Renewable energy is an area that, in the Ukrainian context, depends on state support, namely economic and administrative incentives. The dynamics of the development of renewable energy should be combined with the balanced development of the fuel and energy sector in Ukraine. Conclusions. The process of development and transition to renewable energy needs a systematic approach. Both qualitative and quantitative approaches are needed to assess the transition to renewable energy. An effective strategy for the transition to the introduction of renewable energy technologies should be justified by economic feasibility. The transition from traditional energy to renewable sources should lead to energy security, which contributes to stable economic growth, political independence, and improving the quality of the environmental component.

Consumption of combustible minerals in the context of the targets of sustainable development of Ukraine and global environment changes

2021 ◽  
Vol 3-4 (185-186) ◽  
pp. 109-125
Author(s):  
Myroslav Podolskyy ◽  
Dmytro Bryk ◽  
Lesia Kulchytska-Zhyhailo ◽  
Oleh Gvozdevych
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Natural Gas ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Thermal Power ◽  
Energy Resource ◽  
Fuel Oil ◽  
Energy Sources ◽  
The European Union

An analysis of Ukraine’s sustainable development targets, in particular in the field of energy, resource management and environmental protection, are presented. It is shown that regional energetic is a determining factor for achieving the aims of sustainable development. Changes in the natural environment in Ukraine due to external (global) and internal (local) factors that are intertwined and overlapped can cause threats to socio-economic development. It is proved that in the areas of mining and industrial activity a multiple increase in emissions of pollutants into the environment are observed. The comparison confirmed the overall compliance of the structure of consumption of primary energy resources (solid fossil fuels, natural gas, nuclear fuel, oil and petroleum products, renewable energy sources) in Ukraine and in the European Union, shows a steaby trend to reduce the share of solid fuels and natural gas and increasing the shares of energy from renewable sources. For example, in Ukraine the shares in the production and cost of electricity in 2018 was: the nuclear power plants – 54.33 % and in the cost – 26.60 %, the thermal power – 35.95 and 59.52 %, the renewable energy sources – 9.6 and 13.88 %. The energy component must be given priority, as it is crucial for achieving of all other goals of sustainable development and harmonization of socio-economic progress. The paper systematizes the indicators of regional energy efficiency and proposes a dynamic model for the transition to sustainable energy development of the region.

scholarly journals Transient Impact Analysis of High Renewable Energy Sources Penetration According to the Future Korean Power Grid Scenario

2018 ◽  
Vol 10 (11) ◽  
pp. 4140 ◽  
Author(s):  
Seungchan Oh ◽  
Heewon Shin ◽  
Hwanhee Cho ◽  
Byongjun Lee
Keyword(s):  
Renewable Energy ◽  
Power System ◽  
Electric Power ◽  
Power Plants ◽  
Transient Stability ◽  
Impact Analysis ◽  
Renewable Energy Sources ◽  
Electric Power System ◽  
Energy Sources ◽  
The Impact

Efforts to reduce greenhouse gas emissions constitute a worldwide trend. According to this trend, there are many plans in place for the replacement of conventional electric power plants operating using fossil fuels with renewable energy sources (RESs). Owing to current needs to expand the RES penetration in accordance to a new National power system plan, the importance of RESs is increasing. The RES penetration imposes various impacts on the power system, including transient stability. Furthermore, the fact that they are distributed at multiple locations in the power system is also a factor which makes the transient impact analysis of RESs difficult. In this study, the transient impacts attributed to the penetration of RESs are analyzed and compared with the conventional Korean electric power system. To confirm the impact of the penetration of RESs on transient stability, the effect was analyzed based on a single machine equivalent (SIME) configuration. Simulations were conducted in accordance to the Korean power system by considering the anticipated RES penetration in 2030. The impact of RES on transient stability was provided by a change in CCT by increasing of the RES penetration.

scholarly journals Replacing Fossil Fuels and Nuclear Power with Renewable Energy: Utopia or Valid Option? A Swiss Case Study of Bioenergy

Energies ◽  
2020 ◽  
Vol 13 (8) ◽  
pp. 2051 ◽  
Author(s):  
Renato Lemm ◽  
Raphael Haymoz ◽  
Astrid Björnsen Gurung ◽  
Vanessa Burg ◽  
Tom Strebel ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Demand ◽  
Renewable Energy Sources ◽  
Regional Scale ◽  
Energy Sources ◽  
Potential Contribution ◽  
Swiss Canton ◽  
Future System ◽  
Conversion Technologies ◽  
The Impact

The transition towards a reliable, sustainable, low-carbon energy system is a major challenge of the 21st century. Due to the lower energy density of many renewable energy sources, a future system is expected to be more decentralized, leading to significant changes at the regional scale. This study analyzes the feasibility of the energy transition in the Swiss canton of Aargau as an illustrative example and explores different strategies to satisfy the local demand for electricity, heat, and fuel by 2035. In particular, we assess the potential contribution of biomass. Four scenarios demonstrate what energy demand proportion could be covered by bioenergy if different priorities were given to the provision of heat, electricity, and fuel. The impact of improved conversion technologies is also considered. The results show that the sustainably available renewable energy sources in canton Aargau will probably not be sufficient to cover its forecasted energy demand in 2035, neither with present nor future biomass conversion technologies. At best, 74% of the energy demand could be met by renewables. Biomass can increase the degree of autarky by a maximum of 13%. Depending on the scenario, at least 26–43% (2500–5700 GWh) of total energy demand is lacking, particularly for mobility purposes.

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