Cost Analysis of an Optimized Hybrid Energy System for a Remote Area in St. John’s, NL
Keywords:hybrid energy, HOMER, COE, energy, production, fuel consumption
In the current energy field scenario, hybrid energy, combining both conventional and non-conventional energy, plays a significant role. With the development of technology, this new energy category has gained popularity due to its efficiency and cost-effectiveness, especially in remote places where the primary grid is located far away. This research puts forth an optimum design of a PV-diesel hybrid energy system for analysis of a remote off-grid power system in St. John's, Newfoundland, Canada, using HOMER (Hybrid Optimization Model for Electric Renewables) software. The study involves connecting a diesel generator and a PV solar panel to the bus. To ensure uninterrupted load distribution, batteries are combined as storage. A technical and economic study of the hybrid energy system is conducted by simulation through HOMER. The levelized energy cost is expected to be lower under the proposed arrangement.
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