Technical, Economic, Feasibility and Comparative Analysis of Three Different Configurations of Energy System to Control Intermittency of Renewable Energy
{"title":"Technical, Economic, Feasibility and Comparative Analysis of Three Different Configurations of Energy System to Control Intermittency of Renewable Energy","authors":"Somudeep Bhattacharjee, Champa Nandi","doi":"10.2139/ssrn.3512405","DOIUrl":null,"url":null,"abstract":"Increasing greenhouse gases in the environment is a major cause of climate change which affects the growth and economy of India. To mitigate these problems through power generation, the use of renewable energy sources needs to be increased. In order to utilize renewable energy sources, it is required to control the intermittent nature of renewable energy sources so it is better to generate power from small units for a large geographical area instead of one large unit for a single area. Based on this concept, this paper suggests an advanced IIoT based architecture of integrating small rated capacity hybrid energy systems in such a way that the intermittent nature of renewable energy sources can be easily controlled. This architecture needs to know best possible configuration of renewable energy sources for a hybrid energy system in the selected location and therefore this paper performs the feasibility, energy production and cost optimization analysis of three different configurations of energy system using the real time data of solar irradiance and wind speed of the selected location of Tamil Nadu, India. These configurations are PV-wind-grid, PV-wind-generator-grid and grid standalone. The result of this analysis indicates that the PV-wind-grid is the best possible configuration in terms of cost benefit and greater emission reduction.","PeriodicalId":100779,"journal":{"name":"Journal of Energy Finance & Development","volume":"12 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Energy Finance & Development","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3512405","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 4
Abstract
Increasing greenhouse gases in the environment is a major cause of climate change which affects the growth and economy of India. To mitigate these problems through power generation, the use of renewable energy sources needs to be increased. In order to utilize renewable energy sources, it is required to control the intermittent nature of renewable energy sources so it is better to generate power from small units for a large geographical area instead of one large unit for a single area. Based on this concept, this paper suggests an advanced IIoT based architecture of integrating small rated capacity hybrid energy systems in such a way that the intermittent nature of renewable energy sources can be easily controlled. This architecture needs to know best possible configuration of renewable energy sources for a hybrid energy system in the selected location and therefore this paper performs the feasibility, energy production and cost optimization analysis of three different configurations of energy system using the real time data of solar irradiance and wind speed of the selected location of Tamil Nadu, India. These configurations are PV-wind-grid, PV-wind-generator-grid and grid standalone. The result of this analysis indicates that the PV-wind-grid is the best possible configuration in terms of cost benefit and greater emission reduction.