Optimal Design and Techno-Economic Analysis of a Grid-Connected Photovoltaic and Battery Hybrid Energy System

Abstract

The application of green energy technologies (GETs) has been accepted universally due to the industrial revolution, increasing energy demand, high standard of living, population growth and fluctuation of crude oil prices. In view of this, GETs have been recognized on a global note as a promising and significant alternative to meet ever increasing power demand. This research work is aimed at optimal operation and design of hybrid renewable energy system (HRES) to enhance the performance of the power system while taking into consideration the energy produced, levelized cost of energy (LCOE), return on investment (ROI), solar fraction (SF), net present value (NPV), payback period and saved CO 2 emissions based on the photovoltaic (PV) orientation. This is due to the fact that the solar panel generates more electrical output when its surface is perpendicular to the solar radiation. The PV orientation significantly affects the output of a solar farm, for this reason, fixed tilted plane, vertical axis tracking system and two axes tracking system are proposed in this research work to estimate their effects on the technical, economic and environmental performance of HRES. This paper presents a grid-connected HRES that comprises utility grid, PV, battery system (BS) and load. The modelling and simulation of HRES are implemented by using PVsyst.7 energy tools in conjunction with the meteorological data made available by the National Aeronautics and Space Administration (NASA). The research outputs show that the two axes tracking system is more techno-economic feasible when compared with the fixed tilted plane and vertical axis tracking system based on the following results: Energy obtained from the grid of 4.657 MW/yr, LCOE of 0.075 ZAR/kWh, ROI of 862.7%, SF of 0.6781, NPV of 828,881.74 ZAR, payback period of 3.5 years and carbon balance of 732.240 tons. The outcomes of the study can be used by the power system planners and designers as benchmarks to utilize the prospect of solar resources for power sector reform and the industrial revolution.