Integration of hybrid renewable energy sources with the power system considering their economic complementarity

Abstract Renewable energy sources play an important role in providing clean energy for future electricity networks. As the penetration level of these resources grows, their integration with the grid will be more challenging. Each renewable energy source has different inherent characteristics that, i...

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Main Authors: Farnam Dehghani, Mohammad Agha Shafiyi
Format: Article
Language:English
Published: Wiley 2023-11-01
Series:IET Renewable Power Generation
Subjects:
Online Access:https://doi.org/10.1049/rpg2.12871
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author Farnam Dehghani
Mohammad Agha Shafiyi
author_facet Farnam Dehghani
Mohammad Agha Shafiyi
author_sort Farnam Dehghani
collection DOAJ
description Abstract Renewable energy sources play an important role in providing clean energy for future electricity networks. As the penetration level of these resources grows, their integration with the grid will be more challenging. Each renewable energy source has different inherent characteristics that, if appropriately used in the generation mix, could complement each other and create many technical and economic benefits for the power system. Usually, renewable energy resource complementarity studies are carried out with the objectives of smooth effect, reducing the need for storage and load tracking. In this study, the economic complementarity approach is introduced with the help of a Mixed integer nonlinear programming (MINLP) model. This approach can integrate renewable and storage energy sources with the grid and determine the optimal capacity of these resources in complementary used mode. The results show that the proposed method always imposes the system's lowest annual operation and investment costs.
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spelling doaj.art-19bb14fd85364bc3bdfae9b4b13f464d2023-11-24T07:43:34ZengWileyIET Renewable Power Generation1752-14161752-14242023-11-0117153638365010.1049/rpg2.12871Integration of hybrid renewable energy sources with the power system considering their economic complementarityFarnam Dehghani0Mohammad Agha Shafiyi1Department of Electrical Engineering Shahid Beheshti University Tehran IranDepartment of Electrical Engineering Shahid Beheshti University Tehran IranAbstract Renewable energy sources play an important role in providing clean energy for future electricity networks. As the penetration level of these resources grows, their integration with the grid will be more challenging. Each renewable energy source has different inherent characteristics that, if appropriately used in the generation mix, could complement each other and create many technical and economic benefits for the power system. Usually, renewable energy resource complementarity studies are carried out with the objectives of smooth effect, reducing the need for storage and load tracking. In this study, the economic complementarity approach is introduced with the help of a Mixed integer nonlinear programming (MINLP) model. This approach can integrate renewable and storage energy sources with the grid and determine the optimal capacity of these resources in complementary used mode. The results show that the proposed method always imposes the system's lowest annual operation and investment costs.https://doi.org/10.1049/rpg2.12871energy storagehybrid renewable energy systemspower generation economicspower generation planningpower system planningsolar power
spellingShingle Farnam Dehghani
Mohammad Agha Shafiyi
Integration of hybrid renewable energy sources with the power system considering their economic complementarity
IET Renewable Power Generation
energy storage
hybrid renewable energy systems
power generation economics
power generation planning
power system planning
solar power
title Integration of hybrid renewable energy sources with the power system considering their economic complementarity
title_full Integration of hybrid renewable energy sources with the power system considering their economic complementarity
title_fullStr Integration of hybrid renewable energy sources with the power system considering their economic complementarity
title_full_unstemmed Integration of hybrid renewable energy sources with the power system considering their economic complementarity
title_short Integration of hybrid renewable energy sources with the power system considering their economic complementarity
title_sort integration of hybrid renewable energy sources with the power system considering their economic complementarity
topic energy storage
hybrid renewable energy systems
power generation economics
power generation planning
power system planning
solar power
url https://doi.org/10.1049/rpg2.12871
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