IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v237y2024ipbs0960148124017427.html
   My bibliography  Save this article

Techno-financial analysis of 100 % renewable electricity for the south west region of the UK by 2050

Author

Listed:
  • Chen, Zhendong
  • Ghosh, Aritra

Abstract

In the UK, the transition to 100 % Renewable Energy Systems is a critical strategy in addressing climate change, aligning with the UK government's 2050 net-zero objective. This study explores the potential for such a transformation within the South West region of the UK by 2050. EnergyPLAN16.2 software was utilised for scenario modelling and the fmincon algorithm in MATLAB for optimisation analysis. The focus was on two scenarios involving hybrid renewable energy systems incorporating onshore wind, solar, offshore wind, and two energy storage systems which are lithium-ion battery energy storage and hydrogen fuel cell energy storage. The optimisation process entailed two stages: determining renewable energy configurations for cost-efficient coverage of annual electricity demand and computing the minimum energy storage capacity to ensure a constant power supply. The results suggest an optimal configuration of 4,460 MW onshore wind, 9,880 MW solar, 6,982 MW offshore wind, and 2,273,662 MWh of lithium-ion battery energy storage for 100 % hybrid renewable energy systems in the South West region of the UK in 2050. This configuration achieves the lowest annual cost of 3208 M£/year, with a balanced wholesale electricity price ranging from 4.3p/kWh to 6.6p/kWh and a levelized cost of energy of 6.44p/kWh. Furthermore, hydrogen fuel cell storage systems can be another alternative, however, the present study showed it is not economical enough compared to lithium-ion battery storage systems. This research broadens the understanding of hybrid renewable energy systems implementation in large regions, offering valuable insights for sustainable energy planning in the South West region of the UK.

Suggested Citation

  • Chen, Zhendong & Ghosh, Aritra, 2024. "Techno-financial analysis of 100 % renewable electricity for the south west region of the UK by 2050," Renewable Energy, Elsevier, vol. 237(PB).
  • Handle: RePEc:eee:renene:v:237:y:2024:i:pb:s0960148124017427
    DOI: 10.1016/j.renene.2024.121674
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148124017427
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.renene.2024.121674?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kiwan, Suhil & Al-Gharibeh, Elyasa, 2020. "Jordan toward a 100% renewable electricity system," Renewable Energy, Elsevier, vol. 147(P1), pages 423-436.
    2. Xu, Xiao & Hu, Weihao & Cao, Di & Huang, Qi & Chen, Cong & Chen, Zhe, 2020. "Optimized sizing of a standalone PV-wind-hydropower station with pumped-storage installation hybrid energy system," Renewable Energy, Elsevier, vol. 147(P1), pages 1418-1431.
    3. Radoslav Dimitrov & Jon Hovi & Detlef F. Sprinz & Håkon Sælen & Arild Underdal, 2019. "Institutional and environmental effectiveness: Will the Paris Agreement work?," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 10(4), July.
    4. Blanco, Herib & Nijs, Wouter & Ruf, Johannes & Faaij, André, 2018. "Potential for hydrogen and Power-to-Liquid in a low-carbon EU energy system using cost optimization," Applied Energy, Elsevier, vol. 232(C), pages 617-639.
    5. Khoodaruth, A. & Oree, V. & Elahee, M.K. & Clark, Woodrow W., 2017. "Exploring options for a 100% renewable energy system in Mauritius by 2050," Utilities Policy, Elsevier, vol. 44(C), pages 38-49.
    6. Filip Johnsson & Jan Kjärstad & Johan Rootzén, 2019. "The threat to climate change mitigation posed by the abundance of fossil fuels," Climate Policy, Taylor & Francis Journals, vol. 19(2), pages 258-274, February.
    7. Cosgrove, Paul & Roulstone, Tony & Zachary, Stan, 2023. "Intermittency and periodicity in net-zero renewable energy systems with storage," Renewable Energy, Elsevier, vol. 212(C), pages 299-307.
    8. Rezzouk, H. & Mellit, A., 2015. "Feasibility study and sensitivity analysis of a stand-alone photovoltaic–diesel–battery hybrid energy system in the north of Algeria," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 1134-1150.
    9. Hansen, Kenneth & Mathiesen, Brian Vad & Skov, Iva Ridjan, 2019. "Full energy system transition towards 100% renewable energy in Germany in 2050," Renewable and Sustainable Energy Reviews, Elsevier, vol. 102(C), pages 1-13.
    10. Zhang, Chao & Wei, Yi-Li & Cao, Peng-Fei & Lin, Meng-Chang, 2018. "Energy storage system: Current studies on batteries and power condition system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 3091-3106.
    11. Abdelrahman Azzuni & Arman Aghahosseini & Manish Ram & Dmitrii Bogdanov & Upeksha Caldera & Christian Breyer, 2020. "Energy Security Analysis for a 100% Renewable Energy Transition in Jordan by 2050," Sustainability, MDPI, vol. 12(12), pages 1-26, June.
    12. Yang, Yuqing & Bremner, Stephen & Menictas, Chris & Kay, Merlinde, 2018. "Battery energy storage system size determination in renewable energy systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 109-125.
    13. Hansen, Kenneth & Breyer, Christian & Lund, Henrik, 2019. "Status and perspectives on 100% renewable energy systems," Energy, Elsevier, vol. 175(C), pages 471-480.
    14. Maatallah, Taher & Ghodhbane, Nahed & Ben Nasrallah, Sassi, 2016. "Assessment viability for hybrid energy system (PV/wind/diesel) with storage in the northernmost city in Africa, Bizerte, Tunisia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1639-1652.
    15. Tiwary, Abhishek & Spasova, Stanislava & Williams, Ian D., 2019. "A community-scale hybrid energy system integrating biomass for localised solid waste and renewable energy solution: Evaluations in UK and Bulgaria," Renewable Energy, Elsevier, vol. 139(C), pages 960-967.
    16. Hall, Stephen & Roelich, Katy, 2016. "Business model innovation in electricity supply markets: The role of complex value in the United Kingdom," Energy Policy, Elsevier, vol. 92(C), pages 286-298.
    17. Malinauskaite, J. & Jouhara, H. & Ahmad, L. & Milani, M. & Montorsi, L. & Venturelli, M., 2019. "Energy efficiency in industry: EU and national policies in Italy and the UK," Energy, Elsevier, vol. 172(C), pages 255-269.
    18. George E. Halkos & Eleni-Christina Gkampoura, 2020. "Reviewing Usage, Potentials, and Limitations of Renewable Energy Sources," Energies, MDPI, vol. 13(11), pages 1-19, June.
    19. Icaza, Daniel & Borge-Diez, David & Galindo, Santiago Pulla, 2021. "Proposal of 100% renewable energy production for the City of Cuenca- Ecuador by 2050," Renewable Energy, Elsevier, vol. 170(C), pages 1324-1341.
    20. Cárdenas, Bruno & Swinfen-Styles, Lawrie & Rouse, James & Hoskin, Adam & Xu, Weiqing & Garvey, S.D., 2021. "Energy storage capacity vs. renewable penetration: A study for the UK," Renewable Energy, Elsevier, vol. 171(C), pages 849-867.
    21. Guney, Mukrimin Sevket & Tepe, Yalcin, 2017. "Classification and assessment of energy storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 1187-1197.
    22. Adefarati, T. & Bansal, R.C., 2019. "Reliability, economic and environmental analysis of a microgrid system in the presence of renewable energy resources," Applied Energy, Elsevier, vol. 236(C), pages 1089-1114.
    23. Dehghani-Sanij, A.R. & Tharumalingam, E. & Dusseault, M.B. & Fraser, R., 2019. "Study of energy storage systems and environmental challenges of batteries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 104(C), pages 192-208.
    24. Subodh Kharel & Bahman Shabani, 2018. "Hydrogen as a Long-Term Large-Scale Energy Storage Solution to Support Renewables," Energies, MDPI, vol. 11(10), pages 1-17, October.
    25. Herrando, María & Markides, Christos N., 2016. "Hybrid PV and solar-thermal systems for domestic heat and power provision in the UK: Techno-economic considerations," Applied Energy, Elsevier, vol. 161(C), pages 512-532.
    26. Ghosh, Aritra & Norton, Brian, 2019. "Optimization of PV powered SPD switchable glazing to minimise probability of loss of power supply," Renewable Energy, Elsevier, vol. 131(C), pages 993-1001.
    27. Mathiesen, B.V. & Lund, H. & Connolly, D. & Wenzel, H. & Østergaard, P.A. & Möller, B. & Nielsen, S. & Ridjan, I. & Karnøe, P. & Sperling, K. & Hvelplund, F.K., 2015. "Smart Energy Systems for coherent 100% renewable energy and transport solutions," Applied Energy, Elsevier, vol. 145(C), pages 139-154.
    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. Małgorzata Sztorc, 2025. "The Behavior of European Union Companies in Terms of Increasing Energy Efficiency from the Perspective of Achieving Climate Neutrality," Energies, MDPI, vol. 18(3), pages 1-40, January.

    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. Hannan, M.A. & Faisal, M. & Jern Ker, Pin & Begum, R.A. & Dong, Z.Y. & Zhang, C., 2020. "Review of optimal methods and algorithms for sizing energy storage systems to achieve decarbonization in microgrid applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 131(C).
    2. Østergaard, P.A. & Lund, H. & Thellufsen, J.Z. & Sorknæs, P. & Mathiesen, B.V., 2022. "Review and validation of EnergyPLAN," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    3. Eroğlu, Fatih & Kurtoğlu, Mehmet & Eren, Ahmet & Vural, Ahmet Mete, 2023. "Multi-objective control strategy for multilevel converter based battery D-STATCOM with power quality improvement," Applied Energy, Elsevier, vol. 341(C).
    4. Tee, Wei Hown & Gan, Chin Kim & Sardi, Junainah, 2024. "Benefits of energy storage systems and its potential applications in Malaysia: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 192(C).
    5. Chang, Miguel & Thellufsen, Jakob Zink & Zakeri, Behnam & Pickering, Bryn & Pfenninger, Stefan & Lund, Henrik & Østergaard, Poul Alberg, 2021. "Trends in tools and approaches for modelling the energy transition," Applied Energy, Elsevier, vol. 290(C).
    6. Osorio-Aravena, Juan Carlos & Aghahosseini, Arman & Bogdanov, Dmitrii & Caldera, Upeksha & Ghorbani, Narges & Mensah, Theophilus Nii Odai & Khalili, Siavash & Muñoz-Cerón, Emilio & Breyer, Christian, 2021. "The impact of renewable energy and sector coupling on the pathway towards a sustainable energy system in Chile," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    7. Bogdanov, Dmitrii & Gulagi, Ashish & Fasihi, Mahdi & Breyer, Christian, 2021. "Full energy sector transition towards 100% renewable energy supply: Integrating power, heat, transport and industry sectors including desalination," Applied Energy, Elsevier, vol. 283(C).
    8. Al-Ghussain, Loiy & Darwish Ahmad, Adnan & Abubaker, Ahmad M. & Hassan, Muhammed A., 2022. "Techno-economic feasibility of thermal storage systems for the transition to 100% renewable grids," Renewable Energy, Elsevier, vol. 189(C), pages 800-812.
    9. Zaixun Ling & Yibo Cui & Jingwen Zheng & Yu Guo & Wanli Cai & Xiaofei Chen & Jiaqi Yuan & Wenjie Gang, 2021. "Design Optimization and Comparative Analysis of 100% Renewable Energy Systems for Residential Communities in Typical Areas of China When Considering Environmental and Economic Performance," Sustainability, MDPI, vol. 13(19), pages 1-24, September.
    10. Lund, Henrik & Thellufsen, Jakob Zinck & Sorknæs, Peter & Mathiesen, Brian Vad & Chang, Miguel & Madsen, Poul Thøis & Kany, Mikkel Strunge & Skov, Iva Ridjan, 2022. "Smart energy Denmark. A consistent and detailed strategy for a fully decarbonized society," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    11. Maruf, Md. Nasimul Islam, 2021. "Open model-based analysis of a 100% renewable and sector-coupled energy system–The case of Germany in 2050," Applied Energy, Elsevier, vol. 288(C).
    12. Aleksandra Matuszewska-Janica & Dorota Żebrowska-Suchodolska & Urszula Ala-Karvia & Marta Hozer-Koćmiel, 2021. "Changes in Electricity Production from Renewable Energy Sources in the European Union Countries in 2005–2019," Energies, MDPI, vol. 14(19), pages 1-27, October.
    13. Fridgen, Gilbert & Keller, Robert & Körner, Marc-Fabian & Schöpf, Michael, 2020. "A holistic view on sector coupling," Energy Policy, Elsevier, vol. 147(C).
    14. Svetlana Drobyazko & Suparna Wijaya & Pavel Blecharz & Sergii Bogachov & Milyausha Pinskaya, 2021. "Modeling of Prospects for the Development of Regional Renewable Energy," Energies, MDPI, vol. 14(8), pages 1-17, April.
    15. Calise, Francesco & Cappiello, Francesco Liberato & Dentice d’Accadia, Massimo & Vicidomini, Maria, 2020. "Dynamic modelling and thermoeconomic analysis of micro wind turbines and building integrated photovoltaic panels," Renewable Energy, Elsevier, vol. 160(C), pages 633-652.
    16. Vaziri Rad, Mohammad Amin & Kasaeian, Alibakhsh & Niu, Xiaofeng & Zhang, Kai & Mahian, Omid, 2023. "Excess electricity problem in off-grid hybrid renewable energy systems: A comprehensive review from challenges to prevalent solutions," Renewable Energy, Elsevier, vol. 212(C), pages 538-560.
    17. Lu, Bin & Blakers, Andrew & Stocks, Matthew & Do, Thang Nam, 2021. "Low-cost, low-emission 100% renewable electricity in Southeast Asia supported by pumped hydro storage," Energy, Elsevier, vol. 236(C).
    18. Fernando Martins & Pedro Moura & Aníbal T. de Almeida, 2022. "The Role of Electrification in the Decarbonization of the Energy Sector in Portugal," Energies, MDPI, vol. 15(5), pages 1-35, February.
    19. Hansen, Kenneth & Breyer, Christian & Lund, Henrik, 2019. "Status and perspectives on 100% renewable energy systems," Energy, Elsevier, vol. 175(C), pages 471-480.
    20. Bai, Bo & Xiong, Siqin & Song, Bo & Xiaoming, Ma, 2019. "Economic analysis of distributed solar photovoltaics with reused electric vehicle batteries as energy storage systems in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 109(C), pages 213-229.

    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:eee:renene:v:237:y:2024:i:pb:s0960148124017427. 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: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    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.