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Technical-Economic-Environmental Analysis for the Implementation of Hybrid Energy Systems

Author

Listed:
  • Luis Oliveros-Cano

    (Facultad de Ingenier a, Universidad del Magdalena, Colombia.)

  • Juan Salgado-Meza

    (Facultad de Ingenier a, Universidad del Magdalena, Colombia.)

  • Carlos Robles-Algar n

    (Facultad de Ingenier a, Universidad del Magdalena, Colombia.)

Abstract

In this paper, a technical-economic-environmental analysis was carried out to establish the feasibility of implementing different types of hybrid energy systems. Four hybrid systems (solar-wind) were designed: with battery, with gas generator, grid-connected and with a diesel generator. These systems were analyzed using the HOMER software, which allows the calculation of pollutant gas emissions and simulates and optimizes energy consumption based on energy demand and energy resources. For the financial analysis, the net present value (NPV), the internal rate of return (IRR) and the payback period (PBP) were used, which were calculated using Microsoft Excel. The four systems were designed for the energy demand of the luminaires of the academic building of the Universidad del Magdalena. The results obtained show that the first three systems are profitable for their implementation taking into account the capacity of power generation, gas emissions and the PBP.

Suggested Citation

  • Luis Oliveros-Cano & Juan Salgado-Meza & Carlos Robles-Algar n, 2020. "Technical-Economic-Environmental Analysis for the Implementation of Hybrid Energy Systems," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 57-64.
    • Handle: RePEc:eco:journ2:2020-01-9
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    References listed on IDEAS

    as
    1. Hussein A. Kazem & Hamood A. S. Al-Badi & Ahmed S. Al Busaidi & Miqdam T. Chaichan, 2017. "Optimum design and evaluation of hybrid solar/wind/diesel power system for Masirah Island," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 19(5), pages 1761-1778, October.
    2. Buonomano, Annamaria & Calise, Francesco & d'Accadia, Massimo Dentice & Vicidomini, Maria, 2018. "A hybrid renewable system based on wind and solar energy coupled with an electrical storage: Dynamic simulation and economic assessment," Energy, Elsevier, vol. 155(C), pages 174-189.
    3. Ijjou Tizgui & Fatima El Guezar & Hassane Bouzahir & Alessandro N. Vargas, 2018. "Estimation and Analysis of Wind Electricity Production Cost in Morocco," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 58-66.
    4. Adalberto Ospino Castro & Carlos Robles-Algar n & Rafael Pe a Gallardo, 2019. "Analysis of Energy Management and Financial Planning in the Implementation of PV Systems," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 1-11.
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    Cited by:

    1. Hardik K. Jani & Surendra Singh Kachhwaha & Garlapati Nagababu & Alok Das & MA Ehyaei, 2023. "Energy, exergy, economic, environmental, advanced exergy and exergoeconomic (extended exergy) analysis of hybrid wind-solar power plant," Energy & Environment, , vol. 34(7), pages 2668-2704, November.
    2. Bader Alshuraiaan, 2021. "Renewable Energy Technologies for Energy Efficient Buildings: The Case of Kuwait," Energies, MDPI, vol. 14(15), pages 1-16, July.
    3. V ctor Olivero-Ort z & Carlos Robles-Algar n & Julie Viloria-Porto, 2021. "An AHP-GIS Based Approach for Site Suitability Analysis of Solar-Wind Projects in Santa Marta, Colombia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 211-223.

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    More about this item

    Keywords

    Hybrid Energy System; Environmental Analysis; Financial Analysis;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • G00 - Financial Economics - - General - - - General

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