Browse
Record Types
Records with Type: Published Article
15738. LAPSE:2023.23397
Experimental Study of the Corona Performance of Aged Sand-Cast Substation Connectors
March 27, 2023 (v1)
Subject: Materials
Keywords: ageing, corona effect, high-voltage, sand casting, substation connectors.
Substation connectors, like many other high-voltage products, are tested once manufactured. However, the corona behavior of aged specimens can differ from that exhibited by newer ones, thus generating detrimental technical and environmental effects. Manufacturers need to know the long-term corona behavior of substation connectors to offer their customers maximum safety and transparency about such critical products. This paper analyzes the ageing effect on the surface roughness and the visual corona extinction voltage of sand-cast aluminum connectors, which were artificially aged in a salt spray chamber for different periods. The experimental results show an important variability of the surface roughness and corona extinction voltage (CEV) among connectors with the same ageing level due to the sand-casting manufacturing process. The results in this paper also show a slight increase in the surface roughness with the ageing period, although there is not a clear pattern between the applied... [more]
15739. LAPSE:2023.23396
Dynamic Response of Articulated Offshore Wind Turbines under Different Water Depths
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: aerodynamic load, articulated offshore wind turbine, dynamic response, hydrodynamics, power generation.
Focusing on the transitional depth offshore area from 50 m to 75 m, types of articulated foundations are proposed for supporting the NREL 5 MW offshore wind turbine. To investigate the dynamic behaviors under various water depths, three articulated foundations were adopted and numerical simulations were conducted in the time domain. An in-house code was chosen to simulate the dynamic response of the articulated offshore wind turbine. The aerodynamic load on rotating blades and the wind pressure load on tower are calculated based on the blade element momentum theory and the empirical formula, respectively. The hydrodynamic load is simulated by 3D potential flow theory. The motions of foundation, the aerodynamic performance of the wind turbine, and the loads on the articulated joint are documented and compared in different cases. According to the simulation, all three articulated offshore wind turbines show great dynamic performance and totally meet the requirement of power generation un... [more]
15740. LAPSE:2023.23395
A Thermoelectric Energy Harvesting Scheme with Passive Cooling for Outdoor IoT Sensors
March 27, 2023 (v1)
Subject: Materials
Keywords: internet of things, outdoor sensor, passive cooling, phase change material, thermoelectric energy harvesting, thermoelectric generator.
This paper presents an energetically autonomous IoT sensor powered via thermoelectric harvesting. The operation of thermal harvesting is based on maintaining a temperature gradient of at least 26.31 K between the thermoelectric-generator sides. While the hot side employs a metal plate, the cold side is attached with a phase-change material acting as an effective passive dissipative material. The desired temperature gradient allows claiming power conversion efficiencies of about 26.43%, without efficiency reductions associated with heating and soiling. This work presents the characterization of a low-cost off-the-shelf thermoelectric generator that allows estimating the production of at least 407.3 mW corresponding to 2.44 Wh of available energy considering specific operation hours—determined statistically for a given geographic location. Then, the energy production is experimentally verified with the construction of an outdoor IoT sensor powered by a passively-cooled thermoelectric gen... [more]
15741. LAPSE:2023.23394
An Evaluation Model of Quantitative and Qualitative Fuzzy Multi-Criteria Decision-Making Approach for Hydroelectric Plant Location Selection
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: FANP, fuzzy theory, hydroelectric, MCDM, optimization techniques, Renewable and Sustainable Energy, TOPSIS.
Over the past few decades, Vietnam has been one of the fastest growing economies in Asia, experiencing a GDP growth rate of more than 6% per year. The energy industry plays an important role in Vietnam’s continuous development, so access to reliable and low-cost energy sources will be an important factor for sustainable economic growth. Achieving the goal of reducing global greenhouse gas emissions, as set out in the Paris agreement on climate change, will depend heavily on the development roadmap of emerging economies, such as Vietnam. Currently, developing hydroelectric plants is Vietnam’s optimal choice in order to meet its target of renewable energy development. Hydroelectricity in Vietnam is favorable thanks to the high average annual rainfall, about 1800−2000 mm, and the dense river system, with more than 3450 systems. In addition to providing electricity, hydropower plants are also responsible for cutting and fighting floods for downstream areas in the rainy season, at the same... [more]
15742. LAPSE:2023.23393
A Harmony Search Method for the Estimation of the Optimum Number of Wind Turbines in a Wind Farm
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: harmony research method, installation costs, Optimization, wind farm.
During the last decades, renewable energy production has significantly increased in an effort to produce clean energy that will not affect the environment. Governments around the world are focusing on reducing greenhouse gas emissions by increasing the utilization of renewable energy sources in the power chain. Wind farms and wind generators are the main renewable technology that are used worldwide. The main scope of wind farm designers is the achievement of the maximum possible power, restraining the installation cost that is related to the use of a specific number of wind turbines for specific power production, and considering the area of land to be occupied. A harmony search method is presented in this paper for the determination of the optimum number of wind turbines in a wind farm and the total electric power produced. The method is applied for comparison purposes on data from previously published methodologies proving its accuracy and effectiveness. The harmony research method ca... [more]
15743. LAPSE:2023.23392
A Disturbance Rejection Control Strategy of a Single Converter Hybrid Electrical System Integrating Battery Degradation
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: anti-windup scheme, battery degradation, disturbance rejection, hybrid power system, super twisting controller, supercapacitors.
In order to improve the durability and economy of a hybrid power system composed of a battery and supercapacitors, a control strategy that can reduce fluctuations of the battery current is regarded as a significant tool to deal with this issue. This paper puts forwards a disturbance rejection control strategy for a hybrid power system taking into account the degradation of the battery. First, the degradation estimation of the battery is done by the model-driven method based on the degradation model and Cubature Kalman Filter (CKF). Considering the transient and sinusoidal disturbance from the load in such a hybrid system, it is indispensable to smooth the behavior of the battery current in order to ensure the lifespan of the battery. Moreover, the constraints for the hybrid system should be considered for safety purposes. In order to deal with these demands, a cascaded voltage control loop based on a super twisting controller and proportional integral controller with an anti-windup sch... [more]
15744. LAPSE:2023.23391
Combining Biomass Gasification and Solid Oxid Fuel Cell for Heat and Power Generation: An Early-Stage Life Cycle Assessment
March 27, 2023 (v1)
Subject: Environment
Biomass-fueled combined heat and power systems (CHPs) can potentially offer environmental benefits compared to conventional separate production technologies. This study presents the first environmental life cycle assessment (LCA) of a novel high-efficiency bio-based power (HBP) technology, which combines biomass gasification with a 199 kW solid oxide fuel cell (SOFC) to produce heat and electricity. The aim is to identify the main sources of environmental impacts and to assess the potential environmental performance compared to benchmark technologies. The use of various biomass fuels and alternative allocation methods were scrutinized. The LCA results reveal that most of the environmental impacts of the energy supplied with the HBP technology are caused by the production of the biomass fuel. This contribution is higher for pelletized than for chipped biomass. Overall, HBP technology shows better environmental performance than heat from natural gas and electricity from the German/Europe... [more]
15745. LAPSE:2023.23390
Developing Smart Energy Communities around Fishery Ports: Toward Zero-Carbon Fishery Ports
March 27, 2023 (v1)
Subject: Modelling and Simulations
Air quality and energy consumption are among the top ten environmental priorities in seaports as stated by the European Sea Ports Organization. Globally, it is estimated that 15% of energy consumption can be attributed to refrigeration and air conditioning systems in fishing activities. There is a real need to understand energy usage in fishery ports to help identify areas of improvements, with a view to optimize energy usage and minimize carbon emissions. In this study, we elaborate on ways in which a simulation capability can be developed at the community level with a fishery port, using a real-world case study seaport in Milford Heaven (Wales, UK). This simulation-based strategy is used to investigate the potential of renewable energy, including local solar farms, to meet the local power demand. This has informed the development of a simulation-based optimization strategy meant to explore how smart energy communities can be formed at the port level by integrating the smart grid with... [more]
15746. LAPSE:2023.23389
A Fast-Algorithmic Probabilistic Evaluation on Regional Rate of Change of Frequency (RoCoF) for Operational Planning of High Renewable Penetrated Power Systems
March 27, 2023 (v1)
Subject: Planning & Scheduling
Keywords: cumulant-based method (CBM), linear sensitivity-based method (LSM), model-based operational planning, regional RoCoF, renewable energy sources (RESs).
The high rate of change of frequency (RoCoF) issue incurred by the integration of renewable energy sources (RESs) into a modern power system significantly threatens the grid security, and thus needs to be carefully examined in the operational planning. However, severe fluctuation of regional frequency responses concerned by system operators could be concealed by the conventional assessment based on aggregated system frequency response. Moreover, the occurrence probability of a high RoCoF issue is actually a very vital factor during the system planner’s decision-making. Therefore, a fast-algorithmic evaluation method is proposed to determine the probabilistic distribution of regional RoCoF for the operational planning of a RES penetrated power system. First, an analytical sensitivity (AS) that quantifies the relationship between the regional RoCoF and the stochastic output of the RES is derived based on the generator and network information. Then a linear sensitivity-based analytical me... [more]
15747. LAPSE:2023.23388
Biorefining of Pigeon Pea: Residue Conversion by Pyrolysis
March 27, 2023 (v1)
Subject: Biosystems
Keywords: bio-oil, lignocellulosic biomass, phenolics, pigeon pea, pyrolysis.
Pyrolysis is an important technology to convert lignocellulosic biomass to a renewable liquid energy carrier known as pyrolysis oil or bio-oil. Herein we report the pyrolysis of pigeon pea wood, a widely available biomass in the Philippines, in a semi-continuous reactor at gram scale. The effects of process conditions such as temperature (400−600 °C), nitrogen flow rate (7−15 mL min−1) and particle size of the biomass feed (0.5−1.3 mm) on the product yields were determined. A Box-Behnken three-level, three-factor fractional factorial design was carried out to establish process-product yield relations. Of particular interest is the liquid product (bio-oil), of which the yield was shown to depend on all independent variables in a complex manner. The optimal conditions for highest bio-oil yield (54 wt.% on dry feed intake) were a temperature of 466 °C, a nitrogen flow rate of 14 mL min−1 and a particle size of 1.3 mm. Validation of the optimized conditions proved that the average (n = 3)... [more]
15748. LAPSE:2023.23387
Optimal Design of Photovoltaic Power Plant Using Hybrid Optimisation: A Case of South Algeria
March 27, 2023 (v1)
Subject: Process Design
Keywords: hybrid optimisation, LCOE, optimal design, photovoltaic power plants, PV module reduction.
Considering the recent drop (up to 86%) in photovoltaic (PV) module prices from 2010 to 2017, many countries have shown interest in investing in PV plants to meet their energy demand. In this study, a detailed design methodology is presented to achieve high benefits with low installation, maintenance and operation costs of PV plants. This procedure includes in detail the semi-hourly average time meteorological data from the location to maximise the accuracy and detailed characteristics of different PV modules and inverters. The minimum levelised cost of energy (LCOE) and maximum annual energy are the objective functions in this proposed procedure, whereas the design variables are the number of series and parallel PV modules, the number of PV module lines per row, tilt angle and orientation, inter-row space, PV module type, and inverter structure. The design problem was solved using a recent hybrid algorithm, namely, the grey wolf optimiser-sine cosine algorithm. The high performance fo... [more]
15749. LAPSE:2023.23386
Analysis and Design of Coupled Inductor for Interleaved Buck-Type Voltage Balancer in Bipolar DC Microgrid
March 27, 2023 (v1)
Subject: Process Design
Keywords: bipolar DC microgrid, coupled inductor, interleaved-type DC–DC converter, LVDC distribution system, voltage balancer.
A voltage balancer (VB) can be used to balance voltages under load unbalance in either a bipolar DC microgrid or LVDC (Low voltage DC) distribution system. An interleaved buck-type VB has advantages over other voltage balance topologies for reduction in output current ripple by an aspect of configuration of a physically symmetrical structure. Similarly, magnetic coupling such as winding two or more magnetic components into a single magnetic component can be selected to enhance the power density and dynamic response. In order to achieve these advantages in a VB, this paper proposes a VB with a coupled inductor (CI) as a substitute for inductors in a two-stage interleaved buck-type VB circuit. Based on patterns of switch poles under load variation, the variation in inductor currents under four switching patterns is induced. The proposed CI is derived from self-inductance based on the configuration structure that has a two-stage interleaved buck type and mathematical design results based... [more]
15750. LAPSE:2023.23385
Experimental Study on Energy Efficiency of Multi-Functional BIPV Glazed Façade Structure during Heating Season
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: dynamic thermal insulation, multi-parametric model, nZEB, BIPV, room ventilation.
Building integrated photovoltaics (BIPV) is technology that can significantly increase the share of renewable energy in final energy supply and are one of essential technologies for the nearly zero-energy buildings (nZEB), new build and refurbished. In the article (a) an experimental semitransparent BIPV glazed façade structure with 60% of PV cell coverage is shown; (b) energy efficiency indicators were developed based on identified impact parameters using experimental data; and (c) multi-parametric models of electricity generation, preheating of air for space ventilation, and dynamic thermal insulation features that enable prediction of solar energy utilization in different climate conditions are shown. The modeled efficiency of electricity production of BIPV was in the range between 8% and 9.5% at daily solar radiation above 1500 Wh/day, while low impact of outdoor air temperature and ventilation air flow rate on PV cell cooling was noticed. Between 35% and 75% of daily solar radiati... [more]
15751. LAPSE:2023.23384
Energy−Economy Coupled Simulation Approach and Simulator Based on Invididual-Based Model
March 27, 2023 (v1)
Subject: Modelling and Simulations
Keywords: energy–economy coupled system, individual-based model, modeling and simulation, multi-scale time.
An integrated energy system, referred to specifically as a heterogeneous energy system that combines cooling, heating, power, etc., is a dynamic system containing continuous as well as discrete behaviors on both technical and economic levels. Currently, the comprehensive utilization of multiple forms of energy and the implementation of the energy market have made the simulation of such a system very complicated, which is reflected in two aspects. First, the simulation model becomes complex and varied. Second, the time-varying characteristics of the models are quite diverse. Therefore, a standard and normative modeling and simulation method is urgently needed. This work aims to obtain a compatible modeling and simulation method for the energy economy coupling system. The individual-based model is widely used to describe organisms in an ecology system that are similar to the energy−economy coupled system. Inspired by this, a general simulation approach based on the individual-based model... [more]
15752. LAPSE:2023.23383
Thermoelectric Harvesting Using Warm-Blooded Animals in Wildlife Tracking Applications
March 27, 2023 (v1)
Subject: Energy Management
Keywords: endothermic animal, fur, heat flux, thermal conductance, thermal energy harvesting, thermal resistance, tracker, wildlifetracking.
This paper focuses on the design of an optimized thermal interface for a thermoelectric energy harvesting system mounted at endothermic animals. In this application scenario the mammal’s fur reduces the heat flux from the animal’s body through a thermoelectric generator (TEG) to the ambient air. This requires an adapted design of the thermal interface between TEG and body surface, to increase its thermal conductivity without harming the animal. For this purpose the thermal conductivity through a mammal’s fur is determined with a specially designed heatsink. An analytical model is built to predict the resulting thermal resistances and is validated with experimental results for two different fur lengths. We show that an optimized design of the thermal interface reduces its thermal resistance up to 38% compared to a trivial design while lowering its weight for about 23%. It is found that the most important design parameter of such a thermal connector is the ability to slide into the fur.
15753. LAPSE:2023.23382
Surrogate Models for Studying the Wettability of Nanoscale Natural Rough Surfaces Using Molecular Dynamics
March 27, 2023 (v1)
Subject: Food & Agricultural Processes
Keywords: coarse grain, contact angle, molecular dynamics, natural roughness, wettability.
A molecular modeling methodology is presented to analyze the wetting behavior of natural surfaces exhibiting roughness at the nanoscale. Using atomic force microscopy, the surface topology of a Ketton carbonate is measured with a nanometer resolution, and a mapped model is constructed with the aid of coarse-grained beads. A surrogate model is presented in which surfaces are represented by two-dimensional sinusoidal functions defined by both an amplitude and a wavelength. The wetting of the reconstructed surface by a fluid, obtained through equilibrium molecular dynamics simulations, is compared to that observed by the different realizations of the surrogate model. A least-squares fitting method is implemented to identify the apparent static contact angle, and the droplet curvature, relative to the effective plane of the solid surface. The apparent contact angle and curvature of the droplet are then used as wetting metrics. The nanoscale contact angle is seen to vary significantly with... [more]
15754. LAPSE:2023.23381
Global Indicators of Sustainable Development: Evaluation of the Influence of the Human Development Index on Consumption and Quality of Energy
March 27, 2023 (v1)
Subject: Environment
Keywords: economic development, Energy, human development index, social development, Sustainability.
The article explores the impact of the quality and volume of energy consumption of the population on the human development index using a sample of a number of countries as an example. The hypothesis concerning the relationship between the amount of energy consumed, the human development index (HDI), and the environment (CO2 emissions into the atmosphere) has been verified. The study results show that the size and rating of the HDI are influenced by such factors as urbanization growth, gross domestic product (GDP), gross national income (GNI) per capita, the share of “clean” energy consumption by the population and business in total energy consumption, the level of socio-economic development, and R&D expenses. In the course of building the model, the recommendations by the United Nations (UN) and the Organization for Economic Co-operation and Development (OECD) were used. The results show that the volume of energy consumption not only affects the human development index in a particular... [more]
15755. LAPSE:2023.23380
Electrochemically Reduced Titania Nanotube Synthesized from Glycerol-Based Electrolyte as Supercapacitor Electrode
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: anodization, cathodic reduction, electrochemical capacitance, glycerol, morphology, titania nanotubes.
In this paper the synthesis of self-organized Titania nanotubes (TNTs) by a facile potentiostatic anodization in a glycerol-based electrolyte is reported. The optimized TNTs were subsequently reduced through a cathodic reduction process to enhance its capacitive performance. FESEM and XRD were used to characterize the morphology and crystal structure of the synthesized samples. XPS analysis confirmed the reduction of Ti4+ to Ti3+ ions in the reduced Titania nanotubes (R-TNTs). The tube diameter and separation between the tubes were greatly influenced by the applied voltage. TNTs synthesized at voltage of 30 V for 60 min exhibited 86 nm and 1.1 µm of tube diameter and length, respectively and showed high specific capacitance of 0.33 mF cm−2 at current density of 0.02 mA cm−2. After reduction at 5 V for 30 s, the specific capacitance increased by about seven times (2.28 mF cm−2) at 0.5 mA cm−2 and recorded about 86% capacitance retention after 1000 continuous cycling at 0.2 mA cm−2, as c... [more]
15756. LAPSE:2023.23379
Compact Thermal Model of the Pulse Transformer Taking into Account Nonlinearity of Heat Transfer
March 27, 2023 (v1)
Subject: Modelling and Simulations
Keywords: measurements, Modelling, nonlinear thermal model, pulse transformer, self-heating, SPICE, thermal phenomena.
This paper presents a compact nonlinear thermal model of pulse transformers. The proposed model takes into account differentiation in values of the temperatures of a ferromagnetic core and each winding. The model is formulated in the form of an electric network realising electrothermal analogy. It consists of current sources representing power dissipated in the core and in each of the windings, capacitors representing thermal capacitances and controlled current sources modelling the influence of dissipated power on the thermal resistances in the proposed model. Both self-heating phenomena in each component of the transformer and mutual thermal couplings between each pair of these components are taken into account. A description of the elaborated model is presented, and the process to estimate the model parameters is proposed. The proposed model was verified experimentally for different transformers. Good agreement between the calculated and measured waveforms of each component temperat... [more]
15757. LAPSE:2023.23378
The Evaluation and Sensitivity of Decline Curve Modelling
March 27, 2023 (v1)
Subject: Energy Systems
Keywords: decline curve analysis (DCA), decline curve models, estimated ultimate recovery (EUR), shale gas reservoirs (SGR), valuation.
The development of prediction tools for production performance and the lifespan of shale gas reservoirs has been a focus for petroleum engineers. Several decline curve models have been developed and compared with data from shale gas production. To accurately forecast the estimated ultimate recovery for shale gas reservoirs, consistent and accurate decline curve modelling is required. In this paper, the current decline curve models are evaluated using the goodness of fit as a measure of accuracy with field data. The evaluation found that there are advantages in using the current DCA models; however, they also have limitations associated with them that have to be addressed. Based on the accuracy assessment conducted on the different models, it appears that the Stretched Exponential Decline Model (SEDM) and Logistic Growth Model (LGM), followed by the Extended Exponential Decline Model (EEDM), the Power Law Exponential Model (PLE), the Doung’s Model, and lastly, the Arps Hyperbolic Declin... [more]
15758. LAPSE:2023.23377
Economic Assessment of Distributed Generation Technologies: A Feasibility Study and Comparison with the Literature
March 27, 2023 (v1)
Subject: Energy Policy
Keywords: benefit to cost ratio, depreciation methods, distributed generation technologies, incremental rate of return analysis, modified accelerated cost recovery system, policy implications.
With the negative climate impact of fossil fuel power generation and the requirement of global policy to shift towards a green mix of energy production, the investment in renewable energy is an opportunity in developing countries. However, poor economy associated with limited income, funds availability, and regulations governing project funding and development are key factors that challenge investors in the energy sector. Given the various power generation resources, including renewables, it is necessary to evaluate the possible power generation investment options from an economic perspective. To realize this objective, solar PV, wind and diesel power generations are economically compared, considering the incremental rate of return and incremental benefit to cost ratio techniques. The alternative investment options of distributed generation technologies are evaluated for Maharashtra, India under different depreciation methods, and the effect of the latter on selecting the best investme... [more]
15759. LAPSE:2023.23376
A Comprehensive Review on IoT Protocols’ Features in Smart Grid Communication
March 27, 2023 (v1)
Subject: Energy Management
Keywords: constraint devices, IEC 61850, IoT, multi-agent systems, quality of services, smart grid.
Since the smart grid deals with a large mass of data and critical missions, it requires ubiquitous, reliable, and real-time communication. The Internet of Things (IoT) technology, which has the potential of connecting all objects over the globe through the Internet, excels in providing robust information transmission infrastructure in the smart grid. There are a multitude of possible protocols, standards, and configurations for communication in the smart grid. A commonly applied communication standard IEC 61850 recommends the use of Manufacturing Message Specification (MMS) protocol for communication in Local Area Network (LAN) and eXtensible Messaging and Presence Protocol (XMPP) in Wide Area Network (WAN). However, a plethora of research on this topic compares the behavior of other IoT protocols and standard recommendations in the smart grid. On the other hand, the sky-rocketing penetration of Renewable Energy Sources (RES), especially in the form of micro grid, transformed the centr... [more]
15760. LAPSE:2023.23375
Maximizing Solar PV Dissemination under Differential Subsidy Policy across Regions
March 27, 2023 (v1)
Subject: Energy Policy
Keywords: dissemination, renewable energy policy, renewable energy subsidies, solar PV.
This study investigates the effect of a renewable energy dissemination policy on investment decisions regarding solar photovoltaic (PV) installation. We present a theoretical model and conduct a simulation analysis to estimate the total capacity of solar PV generators according to a given subsidy policy. We show how the capacity maximizing subsidy policy depends on the total amount of subsidy budget, interest rate, the expected amount of solar resource and land price in each region. We particularly focus on the improvements of solar PV capacities under the same subsidy budget when the subsidy policy is changed from uniform (equal for all regions) to differential (varying over regional characteristics). This improvement is shown through a case study using Korean data.
15761. LAPSE:2023.23374
Hybrid Machine Learning Models for Classifying Power Quality Disturbances: A Comparative Study
March 27, 2023 (v1)
Subject: Optimization
Keywords: classification, decision tree, feature selection, Genetic Algorithm, K-NN algorithm, power quality disturbances, S-transform, support vector machine, swarm optimization.
The economic impact associated with power quality (PQ) problems in electrical systems is increasing, so PQ improvement research becomes a key task. In this paper, a Stockwell transform (ST)-based hybrid machine learning approach was used for the recognition and classification of power quality disturbances (PQDs). The ST of the PQDs was used to extract significant waveform features which constitute the input vectors for different machine learning approaches, including the K-nearest neighbors’ algorithm (K-NN), decision tree (DT), and support vector machine (SVM) used for classifying the PQDs. The procedure was optimized by using the genetic algorithm (GA) and the competitive swarm optimization algorithm (CSO). To test the proposed methodology, synthetic PQD waveforms were generated. Typical single disturbances for the voltage signal, as well as complex disturbances resulting from possible combinations of them, were considered. Furthermore, different levels of white Gaussian noise were a... [more]
15762. LAPSE:2023.23373
Economic Analysis of Renewable Energy Regulation in France: A Case Study for Photovoltaic Plants Based on Real Options
March 27, 2023 (v1)
Subject: Energy Policy
Keywords: energy economics, energy policy, investment analysis, photovoltaic solar energy, real options.
In this work, a novel methodology based on the real options theory has been developed for the evaluation of photovoltaic energy projects with a capacity greater than 100 KW in France. French legislation that regulates these types of projects presents two real options: on the one hand, the producer has a put option that consists of choosing between a Feed-in Tariff system and electricity market sale prices every year, and this put option coincides with public subsidies granted by the French Administration. On the other hand, the French Administration has a call option that provides a benefit to the public sector. This option supposes a limit on the subsidized production of electricity and reduces the value of the project to the promoter. The value of the put option is 4.28 € per MWh generated. The Extended Net Present Value has a value of −5.26 million Euros. The breakeven point of the project is achieved with an increase of 59% in the regulated rate. This means that the French Administ... [more]
[Show List of Record Types]

