IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2020-01-9.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/8473/4744
    Download Restriction: no

    File URL: https://www.econjournals.com/index.php/ijeep/article/view/8473/4744
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. 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.
    4. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Niranjan Rao Deevela & Bhim Singh & Tara C. Kandpal, 2021. "Techno-economics of solar PV array-based hybrid systems for powering telecom towers," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(11), pages 17003-17029, November.
    2. Sergey Obukhov & Ahmed Ibrahim & Mohamed A. Tolba & Ali M. El-Rifaie, 2019. "Power Balance Management of an Autonomous Hybrid Energy System Based on the Dual-Energy Storage," Energies, MDPI, vol. 12(24), pages 1-15, December.
    3. Rômulo de Oliveira Azevêdo & Paulo Rotela Junior & Luiz Célio Souza Rocha & Gianfranco Chicco & Giancarlo Aquila & Rogério Santana Peruchi, 2020. "Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments," Sustainability, MDPI, vol. 12(17), pages 1-40, September.
    4. Ceran, Bartosz, 2019. "The concept of use of PV/WT/FC hybrid power generation system for smoothing the energy profile of the consumer," Energy, Elsevier, vol. 167(C), pages 853-865.
    5. Li, Chong & Zhou, Dequn & Wang, Hui & Lu, Yuzheng & Li, Dongdong, 2020. "Techno-economic performance study of stand-alone wind/diesel/battery hybrid system with different battery technologies in the cold region of China," Energy, Elsevier, vol. 192(C).
    6. Calheiros-Cabral, Tomás & Clemente, Daniel & Rosa-Santos, Paulo & Taveira-Pinto, Francisco & Ramos, Victor & Morais, Tiago & Cestaro, Henrique, 2020. "Evaluation of the annual electricity production of a hybrid breakwater-integrated wave energy converter," Energy, Elsevier, vol. 213(C).
    7. González-Garrido, A. & Gaztañaga, H. & Saez-de-Ibarra, A. & Milo, A. & Eguia, P., 2020. "Electricity and reserve market bidding strategy including sizing evaluation and a novel renewable complementarity-based centralized control for storage lifetime enhancement," Applied Energy, Elsevier, vol. 262(C).
    8. Kou, Gang & Yüksel, Serhat & Dinçer, Hasan, 2022. "Inventive problem-solving map of innovative carbon emission strategies for solar energy-based transportation investment projects," Applied Energy, Elsevier, vol. 311(C).
    9. Khosravi, A. & Santasalo-Aarnio, A. & Syri, S., 2021. "Optimal technology for a hybrid biomass/solar system for electricity generation and desalination in Brazil," Energy, Elsevier, vol. 234(C).
    10. Juan Camilo Barrera Hern ndez & Christian Moreno & Adalberto Ospino-Castro & Carlos Arturo Robles-Algarin & Juan Tob n-Perez, 2021. "A Hybrid Energy Solution for the Sustainable Electricity Supply of an Irrigation System in a Rural Area of Zona Bananera, Colombia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 521-528.
    11. Sachajdak, Andrzej & Lappalainen, Jari & Mikkonen, Hannu, 2019. "Dynamic simulation in development of contemporary energy systems – oxy combustion case study," Energy, Elsevier, vol. 181(C), pages 964-973.
    12. Deevela, Niranjan Rao & Singh, Bhim & Kandpal, Tara C., 2023. "Optimization and economic analysis of solar PV based hybrid system for powering Base Transceiver Stations in India," Energy, Elsevier, vol. 283(C).
    13. Michas, Serafeim & Flamos, Alexandros, 2023. "Are there preferable capacity combinations of renewables and storage? Exploratory quantifications along various technology deployment pathways," Energy Policy, Elsevier, vol. 174(C).
    14. Nematian, Javad & Rahimi, Iman, 2022. "Feasibility study of using renewable energies in Iranian Seas: A comparative study," Renewable Energy, Elsevier, vol. 189(C), pages 383-391.
    15. William Niebles-Nunez & Leonardo Niebles-Nunez & Lorena Hoyos Babilonia, 2022. "Energy Financing in Colombia: A Bibliometric Review," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 459-466, March.
    16. Francesco Calise & Francesco Liberato Cappiello & Massimo Dentice d’Accadia & Maria Vicidomini, 2020. "Thermo-Economic Analysis of Hybrid Solar-Geothermal Polygeneration Plants in Different Configurations," Energies, MDPI, vol. 13(9), pages 1-29, May.
    17. Wang, Sen & Li, Fengting & Zhang, Gaohang & Yin, Chunya, 2023. "Analysis of energy storage demand for peak shaving and frequency regulation of power systems with high penetration of renewable energy," Energy, Elsevier, vol. 267(C).
    18. Abid, Md. Shadman & Ahshan, Razzaqul & Al Abri, Rashid & Al-Badi, Abdullah & Albadi, Mohammed, 2024. "Techno-economic and environmental assessment of renewable energy sources, virtual synchronous generators, and electric vehicle charging stations in microgrids," Applied Energy, Elsevier, vol. 353(PA).
    19. Dezhdar, Ali & Assareh, Ehsanolah & Agarwal, Neha & bedakhanian, Ali & Keykhah, Sajjad & fard, Ghazaleh yeganeh & zadsar, Narjes & Aghajari, Mona & Lee, Moonyong, 2023. "Transient optimization of a new solar-wind multi-generation system for hydrogen production, desalination, clean electricity, heating, cooling, and energy storage using TRNSYS," Renewable Energy, Elsevier, vol. 208(C), pages 512-537.
    20. Díaz, Guzmán & Coto, José & Gómez-Aleixandre, Javier, 2019. "Optimal operation value of combined wind power and energy storage in multi-stage electricity markets," Applied Energy, Elsevier, vol. 235(C), pages 1153-1168.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2020-01-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.