Optimal Design and Techno-Economic Analysis of a Hybrid Multisource Renewable Energy System

Abstract

in this study employs HOMER Pro software to evaluate the techno-economic performance of a Stand-Alone Multisource Hybrid Renewable Energy System, based on PV/WT/DG/Battery in a remote area of Eastern Algeria (Zitouna El Tarf). The electrical load was determined based on the generic residential profile in HOMER Pro. The study compares all scenarios in terms of economic viability, renewable fraction, and overall emissions.The optimization findings reveal that the most cost-effective solution is the HRES system that utilizes PV, WT, DG, battery, and converter, with a net present cost (NPC) of $11,663.40 and a cost of energy (COE) of $0.217 per kWh. The study also highlights the importance of energy storage in improving system efficiency as well as in remote areas while reducing reliance on non-renewable energy sources.