LAPSE:2023.30522
Published Article
LAPSE:2023.30522
Techno-Economic Analysis of a Stand-Alone Hybrid System: Application in Donoussa Island, Greece
Michail Katsivelakis, Dimitrios Bargiotas, Aspassia Daskalopulu, Ioannis P. Panapakidis, Lefteri Tsoukalas
April 14, 2023
Hybrid Renewable Energy Systems (HRES) are an attractive solution for the supply of electricity in remote areas like islands and communities where grid extension is difficult. Hybrid systems combine renewable energy sources with conventional units and battery storage in order to provide energy in an off-grid or on-grid system. The purpose of this study is to examine the techno-economical feasibility and viability of a hybrid system in Donoussa island, Greece, in different scenarios. A techno-economic analysis was conducted for a hybrid renewable energy system in three scenarios with different percentages of adoption rate (20%, 50% and 100%)and with different system configurations. Using HOMER Pro software the optimal system configuration between the feasible configurations of each scenario was selected, based on lowest Net Present Cost (NPC), minimum Excess Electricity percentage, and Levelized Cost of Energy (LCoE). The results obtained by the simulation could offer some operational references for a practical hybrid system in Donoussa island. The simulation results confirm the application of a hybrid system with 0% of Excess Electricity, reasonable NPC and LCoE and a decent amount of renewable integration.
Keywords
excess electricity percentage, HOMER Pro, Levelizez Cost of Energy (LCoE), Net Present Cost (NPC), simulation-optimization, stand-alone hybrid system, Technoeconomic Analysis
Suggested Citation
Katsivelakis M, Bargiotas D, Daskalopulu A, Panapakidis IP, Tsoukalas L. Techno-Economic Analysis of a Stand-Alone Hybrid System: Application in Donoussa Island, Greece. (2023). LAPSE:2023.30522
Author Affiliations
Katsivelakis M: Department of Electrical and Computer Engineering, University of Thessaly, 38221 Volos, Greece [ORCID]
Bargiotas D: Department of Electrical and Computer Engineering, University of Thessaly, 38221 Volos, Greece
Daskalopulu A: Department of Electrical and Computer Engineering, University of Thessaly, 38221 Volos, Greece [ORCID]
Panapakidis IP: Department of Electrical and Computer Engineering, University of Thessaly, 38221 Volos, Greece
Tsoukalas L: School of Nuclear Engineering, Purdue University, West Lafayette, IN 47907, USA
Journal Name
Energies
Volume
14
Issue
7
First Page
1868
Year
2021
Publication Date
2021-03-28
Published Version
ISSN
1996-1073
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Original Submission
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PII: en14071868, Publication Type: Journal Article
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LAPSE:2023.30522
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doi:10.3390/en14071868
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Apr 14, 2023
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