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Feasibility and Economic Assessment of a Hybrid Energy System for Bakori Area, Katsina in Nigeria

Author

Listed:
  • Agbetuyi Ayoade Felix

    (Department of Electrical and Information Engineering, Covenant University, Ota, Nigeria,)

  • Elizabeth Oses Amuta

    (Department of Electrical and Information Engineering, Covenant University, Ota, Nigeria,)

  • Orovwode Hope Evwieroghene

    (Department of Electrical and Information Engineering, Covenant University, Ota, Nigeria)

  • Abdulkareem Ademola

    (Department of Electrical and Information Engineering, Covenant University, Ota, Nigeria)

  • Amoo Racheal

    (Department of Electrical and Information Engineering, Covenant University, Ota, Nigeria,)

  • Agbetuyi Oluranti Adegoke

    (Department of Physics, Ekiti State University, Nigeria.)

Abstract

Electricity is vital to the economic growth any nation, as access to it, is key in achieving economic development. However, a stable electricity supply is lacking in the country, and with the increasing demand, it will be impossible to attain with the current infrastructure. This paper aims to carry out feasibility study of a hybrid energy system (HES) for sustainable power supply in Bakori Local Government Area, Katsina, Nigeria. The simulation results were generated using HOMER (Hybrid Optimization of Multiple Electric Renewables) software utilizing the solar system, and wind generator resources to satisfy the residential energy requirement for the case study. The proposed HES was compared with other configurations in terms of cost and energy production. The simulation results depict that the PV/Wind/Battery system is a viable hybrid energy system with a Net Present Cost of ?3.62M and an electricity generation of 1,423,132 kWh/yr compared to the other configurations which produce less energy at a higher Net Present Cost.

Suggested Citation

  • Agbetuyi Ayoade Felix & Elizabeth Oses Amuta & Orovwode Hope Evwieroghene & Abdulkareem Ademola & Amoo Racheal & Agbetuyi Oluranti Adegoke, 2023. "Feasibility and Economic Assessment of a Hybrid Energy System for Bakori Area, Katsina in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 16-21, July.
    • Handle: RePEc:eco:journ2:2023-04-3
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    HOMER; Net Present Cost; Solar PV; Hybrid Energy System; Cost of Energy;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • P47 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Performance and Prospects

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