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Techno-Economic Analysis of a Stand-Alone Hybrid System: Application in Donoussa Island, Greece

Author

Listed:
  • Michail Katsivelakis

    (Department of Electrical and Computer Engineering, University of Thessaly, 38221 Volos, Greece)

  • Dimitrios Bargiotas

    (Department of Electrical and Computer Engineering, University of Thessaly, 38221 Volos, Greece)

  • Aspassia Daskalopulu

    (Department of Electrical and Computer Engineering, University of Thessaly, 38221 Volos, Greece)

  • Ioannis P. Panapakidis

    (Department of Electrical and Computer Engineering, University of Thessaly, 38221 Volos, Greece)

  • Lefteri Tsoukalas

    (School of Nuclear Engineering, Purdue University, West Lafayette, IN 47907, USA)

Abstract
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.

Suggested Citation

  • Michail Katsivelakis & Dimitrios Bargiotas & Aspassia Daskalopulu & Ioannis P. Panapakidis & Lefteri Tsoukalas, 2021. "Techno-Economic Analysis of a Stand-Alone Hybrid System: Application in Donoussa Island, Greece," Energies, MDPI, vol. 14(7), pages 1-31, March.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:7:p:1868-:d:525556
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    References listed on IDEAS

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    Cited by:

    1. Al-Quraan, A. & Al-Mhairat, B., 2024. "Sizing and energy management of grid-connected hybrid renewable energy systems based on techno-economic predictive technique," Renewable Energy, Elsevier, vol. 228(C).
    2. Jann Michael Weinand & Maximilian Hoffmann & Jan Gopfert & Tom Terlouw & Julian Schonau & Patrick Kuckertz & Russell McKenna & Leander Kotzur & Jochen Lin{ss}en & Detlef Stolten, 2022. "Global LCOEs of decentralized off-grid renewable energy systems," Papers 2212.12742, arXiv.org, revised Mar 2023.
    3. Vaziri Rad, Mohammad Amin & Kasaeian, Alibakhsh & Niu, Xiaofeng & Zhang, Kai & Mahian, Omid, 2023. "Excess electricity problem in off-grid hybrid renewable energy systems: A comprehensive review from challenges to prevalent solutions," Renewable Energy, Elsevier, vol. 212(C), pages 538-560.
    4. Efstathios E. Michaelides, 2021. "Thermodynamics, Energy Dissipation, and Figures of Merit of Energy Storage Systems—A Critical Review," Energies, MDPI, vol. 14(19), pages 1-41, September.
    5. Al-Quraan, A. & Al-Mhairat, B., 2024. "Economic predictive control-based sizing and energy management for grid-connected hybrid renewable energy systems," Energy, Elsevier, vol. 302(C).

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