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For a Green Stadium: Economic Feasibility of Sustainable Renewable Electricity Generation at the Jeju World Cup Venue

Author

Listed:
  • Eunil Park

    (Korea Institute of Civil Engineering and Building Technology (KICT), Goyang, Gyeonggi-do 10223, Korea)

  • Sang Jib Kwon

    (Department of Business Administration, Dongguk University, Gyeongju 38066, Korea)

  • Angel P. Del Pobil

    (Robotic Intelligence Laboratory, University Jaume-I, Castellón de la Plana 12071, Spain
    Department of Interaction Science, Sungkyunkwan University, Seoul 03063, Korea)

Abstract

After the 2002 FIFA World Cup in South Korea and Japan, the local governments of South Korea were left in charge of several large-scale soccer stadiums. Although these governments have made significant efforts toward creating profits from the stadiums, it is proving to be too difficult for several administrations to cover their full operational, maintenance, and conservation costs. In order to overcome this problem, one of the governments, Seogwipo City, which owns Jeju World Cup Stadium (JWCS), is attempting to provide an independent renewable electricity generation system for the operation of the stadium. The current study therefore examines potential configurations of an independent renewable electricity generation system for JWCS, using HOMER software. The simulation results yield three optimal system configurations with a renewable fraction of 1.00 and relatively low values for the cost of energy ($0.405, $0.546, and $0.692 per kWh). Through the examination of these three possible optimal configurations, the implications and limitations of the current study are presented.

Suggested Citation

  • Eunil Park & Sang Jib Kwon & Angel P. Del Pobil, 2016. "For a Green Stadium: Economic Feasibility of Sustainable Renewable Electricity Generation at the Jeju World Cup Venue," Sustainability, MDPI, vol. 8(10), pages 1-11, September.
    • Handle: RePEc:gam:jsusta:v:8:y:2016:i:10:p:969-:d:78796
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    References listed on IDEAS

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    1. Eunil Park & Taeil Han & Taehyeong Kim & Sang Jib Kwon & Angel P. Del Pobil, 2016. "Economic and Environmental Benefits of Optimized Hybrid Renewable Energy Generation Systems at Jeju National University, South Korea," Sustainability, MDPI, vol. 8(9), pages 1-12, September.
    2. Sen, Rohit & Bhattacharyya, Subhes C., 2014. "Off-grid electricity generation with renewable energy technologies in India: An application of HOMER," Renewable Energy, Elsevier, vol. 62(C), pages 388-398.
    3. Woo-Kyu Chae & Hak-Ju Lee & Jong-Nam Won & Jung-Sung Park & Jae-Eon Kim, 2015. "Design and Field Tests of an Inverted Based Remote MicroGrid on a Korean Island," Energies, MDPI, vol. 8(8), pages 1-18, August.
    4. Shin, Jungwoo & Woo, JongRoul & Huh, Sung-Yoon & Lee, Jongsu & Jeong, Gicheol, 2014. "Analyzing public preferences and increasing acceptability for the Renewable Portfolio Standard in Korea," Energy Economics, Elsevier, vol. 42(C), pages 17-26.
    5. Park, Eunil & Kwon, Sang Jib, 2016. "Solutions for optimizing renewable power generation systems at Kyung-Hee University׳s Global Campus, South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 439-449.
    6. Kyeongsik Yoo & Eunil Park & Heetae Kim & Jay Y. Ohm & Taeyong Yang & Ki Joon Kim & Hyun Joon Chang & Angel P. Del Pobil, 2014. "Optimized Renewable and Sustainable Electricity Generation Systems for Ulleungdo Island in South Korea," Sustainability, MDPI, vol. 6(11), pages 1-11, November.
    7. Dursun, Bahtiyar, 2012. "Determination of the optimum hybrid renewable power generating systems for Kavakli campus of Kirklareli University, Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(8), pages 6183-6190.
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    Cited by:

    1. Elnour, Mariam & Fadli, Fodil & Himeur, Yassine & Petri, Ioan & Rezgui, Yacine & Meskin, Nader & Ahmad, Ahmad M., 2022. "Performance and energy optimization of building automation and management systems: Towards smart sustainable carbon-neutral sports facilities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
    2. Park, Eunil, 2017. "Potentiality of renewable resources: Economic feasibility perspectives in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 61-70.

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