Optimal Hybrid Renewable Energy System Considering Renewable Energy Potential in the Area

Abstract

This paper proposes a method to determine the size and operation of hybrid renewable energy system. The obtained size and operation are aimed to be most appropriate by using optimization technique to maximize benefits from the electrical energy sale. The analysis is based on renewable energy potential in a selected area of Thailand, Thailand's SPP Hybrid Firm policy, investment cost and fuel cost of each renewable energy system. In addition, the renewable energy sources that are considered in this paper consist of solar, wind, biomass, biogas and waste. In the numerical simulation, the result of the proposed method shows that PV-biomass is the most appropriate hybrid renewable energy system for the area.