Affiliation:
1. Asansol Engineering College, India
2. Sanaka Educational Trust's Group of Institutions, Durgapur, India
3. AmyGB.ai Private Limited, India
Abstract
The integration of solar and wind power into standard grid systems has increased the usage of renewable energy; however, the operational challenges presented by these sources' fundamental intermittency remain. This research analyses grid management approaches designed to decrease intermittency concerns related to solar and wind energy. Resource utilization and grid balancing are made feasible by precise short- and long-term forecasting models for solar irradiance and wind patterns, which allow generators to plan for changes. The planned location, Sagar Island, requires 9.5 MW of electricity. The suggested mix of solar, wind, and grid generate 16.5MW. The PV module generates 8,339 kWh, the wind turbine creates 7,532 kWh, the grid purchased 674 kWh, and the grid sold 12,454. The CO2 emission of the system is 33.7 kg/year. The economics metrics ROI 4.5%, IRR 6.6%, and simple payback is 11.34 year.
Reference56 articles.
1. Energy management and sizing of a stand-alone hybrid renewable energy system for community electricity, fresh water, and cooking gas demands of a remote island
2. Study on reducing the grid dependency of urban housing in Nordic climate by hybrid renewable energy systems
3. Energy Management in High RER Multi-Microgrid System via Energy Trading and Storage Optimization
4. Aljazeera. (2023). COP28 Dubai is over: Four key highlights from the UN climate summithttps://www.aljazeera.com/news/2023/12/13/cop28-dubai-is-over-four-key-highlights-from-the-un-climate-summit
5. BasnetS.DeschinkelK.Le MoyneL.PéraM. C. (2023). A review on recent standalone and grid integrated hybrid renewable energy systems: System optimization and energy management strategies. Renewable Energy Focus.