Sizing of a Photovoltaic-Wind-Oil Shale Hybrid System: Case Analysis in Jordan

2017 ◽  
Vol 140 (1) ◽  
Author(s):  
Loiy AL-Ghussain ◽  
Onur Taylan ◽  
Murat Fahrioglu
Keyword(s):  
Hybrid System ◽  
Oil Shale ◽  
Net Present Value ◽  
Lithium Ion ◽  
Levelized Cost Of Electricity ◽  
Cost Of Electricity ◽  
Generation Cost ◽  
Term Energy ◽  
Conventional Systems ◽  
Installed Capacity

The integration between renewable energy systems (RESs) and oil shale system ensures reliable power generation source with a competitive energy generation cost when compared to costs of conventional systems. In addition, this integration will prevent considerable amount of CO2 emissions. This study aims to determine the size of a grid-tied hybrid system in Al-Tafilah, Jordan that maximizes the yearly overall fraction of demand met with levelized cost of electricity (LCOE) equal to or lower than the local cost of electricity generation. In addition, the effect of the integration of lithium-ion batteries as short-term energy storage systems (ESSs) will be investigated in addition to the effect of carbon social cost on the economics of the system. The maximum FH by the hybrid system in Al-Tafilah is 97.2% with ESS and 96.9% without ESS where 70.4% of the demand is met by the 12 MW oil shale system; however, to achieve these fractions, enormous installed capacity of photovoltaic (PV) and wind is required where 99% of the energy production is excess and LCOE is larger than COEcon. The maximum FH with LCOE equals to COEcon can be achieved by 12 MW oil shale, 3.5 MW PV, and 6 MW wind turbines without ESS. Such size will have FH of 87.23%, capacity factor of 46.1%, RES fraction of 16.9%, net present value (NPV) of 34.8 million USD, and a payback period of 4.8 years.

scholarly journals Net Present Value Analysis of a Hybrid Gas Engine-Energy Storage System in the Balancing Mechanism

Energies ◽  
2020 ◽  
Vol 13 (15) ◽  
pp. 3816
Author(s):  
Farhad Anvari-Azar ◽  
Dani Strickland ◽  
Neil Filkin ◽  
Harry Townshend
Keyword(s):  
Energy Storage ◽  
Interest Rates ◽  
Hybrid System ◽  
Net Present Value ◽  
Lithium Ion ◽  
Present Value ◽  
Value Analysis ◽  
Gas Engine ◽  
Run Time ◽  
Pumped Storage

There is the potential for hybridised gas engine-energy storage systems to participate in the Balancing Mechanism (BM) by offering a product that marries the advantages of both units. The higher price offerings are currently dominated by pumped storage (PS) assets. Given their high-flexibility, PS plants mostly offer at higher prices, but respond quicker and can run for a smaller minimum run time than a gas engine on its own. The operation of the hybrid system must match the operation of the pumped storage plants, to be able to claim a space in this part of the BM market including meeting a minimum run time and minimum start time. The business case is dependent on battery costs which in turn depend on size and operational strategy. This paper uses a case study approach to estimate Net Present Value of a hybrid system. The paper uses a mixture of publicly available data and industrially provided data within its analysis. The paper concludes that battery cost and lifespan are still issues and that battery-engine hybrids are not economic at present. There is indication in the modelling that under very favorable conditions such as low compound interest rates, an acceptance of offers above 7 times/day and low gas price, it is possible to see a return on investment of a lithium ion-based battery-gas engine hybrid.

Sizing of Photovoltaic-Wind-Battery Hybrid System for a Mediterranean Island Community Based on Estimated and Measured Meteorological Data

2017 ◽  
Vol 140 (1) ◽  
Author(s):  
S. M. Sajed Sadati ◽  
Elham Jahani ◽  
Onur Taylan ◽  
Derek K. Baker
Keyword(s):  
Hybrid System ◽  
Meteorological Data ◽  
Unit Cost ◽  
Weather Data ◽  
Data Sets ◽  
Small Community ◽  
Levelized Cost Of Electricity ◽  
Cost Of Electricity ◽  
Mediterranean Island ◽  
Storage Units

Deploying renewable energy systems (RES) to supply electricity faces many challenges related to cost and the variability of the renewable resources. One possible solution to these challenges is to hybridize RES with conventional power systems and include energy storage units. In this study, the feasibility analysis of a grid-connected photovoltaic (PV)-wind-battery hybrid system is presented as a microgrid for a university campus-scale community on a Mediterranean island. Models for PV and wind turbine systems are presented to estimate energy production, and net present cost (NPC) and levelized cost of electricity (LCOE) are used as economic metrics. A parametric study is performed with hourly time-steps to determine the sizes of energy generation and storage units to minimize the NPC for a small community as the case study. Two alternate configurations with and without storage are proposed. In both cases, the resulting LCOE is 0.15 USD/kWh while the current electricity tariff for the analyzed location was 0.175 USD/kWh in 2015. This lower unit cost of electricity leads to a lower NPC considering a 25-year lifetime. Different estimated and measured solar irradiance and wind speed data sets are used to evaluate the performance of the designed microgrid. Sensitivity analysis on different available weather data sets shows that the uncertainty in wind resource estimations is much higher than the uncertainty in solar resource estimations. Moreover, the results show that solar and wind resources could be utilized synergistically for the studied location.

scholarly journals Life Cycle Cost of Electricity Production: A Comparative Study of Coal-Fired, Biomass, and Wind Power in China

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3463
Author(s):  
Xueliang Yuan ◽  
Leping Chen ◽  
Xuerou Sheng ◽  
Mengyue Liu ◽  
Yue Xu ◽  
...  
Keyword(s):  
Power Generation ◽  
Life Cycle ◽  
Wind Power ◽  
Life Cycle Cost ◽  
Raw Material ◽  
Electricity Production ◽  
Maintenance Cost ◽  
External Cost ◽  
Levelized Cost Of Electricity ◽  
Cost Of Electricity

Economic cost is decisive for the development of different power generation. Life cycle cost (LCC) is a useful tool in calculating the cost at all life stages of electricity generation. This study improves the levelized cost of electricity (LCOE) model as the LCC calculation methods from three aspects, including considering the quantification of external cost, expanding the compositions of internal cost, and discounting power generation. The improved LCOE model is applied to three representative kinds of power generation, namely, coal-fired, biomass, and wind power in China, in the base year 2015. The external cost is quantified based on the ReCiPe model and an economic value conversion factor system. Results show that the internal cost of coal-fired, biomass, and wind power are 0.049, 0.098, and 0.081 USD/kWh, separately. With the quantification of external cost, the LCCs of the three are 0.275, 0.249, and 0.081 USD/kWh, respectively. Sensitivity analysis is conducted on the discount rate and five cost factors, namely, the capital cost, raw material cost, operational and maintenance cost (O&M cost), other annual costs, and external costs. The results provide a quantitative reference for decision makings of electricity production and consumption.

scholarly journals Design and simulation of a 1-GWp solar photovoltaic power station in Sudan

Clean Energy ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 57-78
Author(s):  
Sohaib Nasr Mohamed Abdalla ◽  
Hakan Özcan
Keyword(s):  
Solar Energy ◽  
Net Present Value ◽  
Solar Power ◽  
Northern Region ◽  
Solar Photovoltaic ◽  
Power Station ◽  
Levelized Cost Of Electricity ◽  
Solar Plant ◽  
Performance Rate ◽  
The City

Abstract Developing nations have a critical need to increase electricity supply. Sudan has much unrealized potential for generating solar energy, particularly in the northern region. This research study focuses on designing a 1-GW solar power station in northern Sudan using the PVsyst7.0 software program. To determine the appropriate location for the solar-energy station, 14 criteria were evaluated. This process is generic and suitable for use in any other country. The method for conducting cash-flow estimates and return on investment is illustrated in the economic evaluation. The city of Dongola, the capital of the northern state, was selected because of its high annual irradiance on a horizontal surface at ~2333.2 kWh/m2. The simulation results show that the annual optimum tilt angle of inclination for photovoltaic (PV) modules is 30°, the energy production is 1 979 259 MWh/yr and the average annual performance rate is 0.810. In addition, the electric power consumption per capita in Sudan is 269 kWh/yr, so the proposed solar power plant with 1 979 259 MWh/yr can provide energy to 7.4 million people per year annually and reduce carbon emissions by ~18 million tons of carbon dioxide per year. Economic calculations show that the levelized cost of electricity (LCOE) is $0.06/kWh, the discounted payback period is ~11 years and the net present value is $635 291 000. As a result, the proposed grid-connected PV solar plant is considered economically, technically and environmentally feasible in Sudan.

scholarly journals Lighting System Modernization as a Source of Green Energy

Energies ◽  
2021 ◽  
Vol 14 (10) ◽  
pp. 2771
Author(s):  
Leszek Kotulski ◽  
Artur Basiura ◽  
Igor Wojnicki ◽  
Sebastian Siuchta
Keyword(s):  
Renewable Energy ◽  
Urban Areas ◽  
Large Scale ◽  
Energy Savings ◽  
Renewable Energy Sources ◽  
Green Energy ◽  
Light Sources ◽  
Levelized Cost Of Electricity ◽  
Cost Of Electricity ◽  
Lighting Retrofit

The use of formal methods and artificial intelligence has made it possible to automatically design outdoor lighting. Quick design for large cities, in a matter of hours instead of weeks, and analysis of various optimization criteria enables to save energy and tune profit stream from lighting retrofit. Since outdoor lighting is of a large scale, having luminaires on every street in urban areas, and since it needs to be retrofitted every 10 to 15 years, choosing proper parameters and light sources leads to significant energy savings. This paper presents the concept and calculations of Levelized Cost of Electricity for outdoor lighting retrofit. It is understood as cost of energy savings, it is in the range from 23.06 to 54.64 EUR/MWh, based on real-world cases. This makes street and road lighting modernization process the best green “energy source” if compared with the 2018 Fraunhofer Institute cost of electricity renewable energy technologies ranking. This indicates that investment in lighting retrofit is more economically and ecologically viable than investment in new renewable energy sources.

scholarly journals Method for Sizing of a PV System for Family Home Using Economic Indicators

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4529
Author(s):  
Zvonimir Šimić ◽  
Danijel Topić ◽  
Ilija Crnogorac ◽  
Goran Knežević
Keyword(s):  
Input Data ◽  
Net Present Value ◽  
Market Price ◽  
System Size ◽  
Electricity Price ◽  
Economic Indicators ◽  
Solar Irradiation ◽  
Pv System ◽  
Output Data ◽  
Levelized Cost Of Electricity

This paper presents a method for finding an optimal photovoltaic (PV) system according to Croatian legislation. The PV sizing model, in which a decision on investment is made according to economic indicators, is made using MATLAB Software. Based on the input data, the monthly PV system production is calculated, and electricity price formed. According to the PV system production and electricity price, economic indicators are calculated and obtained as output data. The model input data are solar irradiation, load diagram, PV system costs and market price of electricity while the model output data are PV system production, savings, profit, incomes, Net Present Value (NPV) and Levelized Cost of Electricity (LCOE). The obtained economic indicators are presented graphically and used for decision making on an optimal PV system size. The presented model is applied and presented in a case study.

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