Abstract
In this research work, a comparative cost analysis of electricity produced by a non-renewable and a renewable energy system is carried out. A 165.4-kWh daily electric load is established on the basis of a community-type profile, with a 20.5-kW peak load and a load factor of 0.34. Using simulation built-in features from HOMER Pro, optimum sizing for both a diesel-based system and a wind power system is carried out. A proposed non-renewable energy supply alternative consists of a 23-kW diesel generator, a 40-kWh storage capacity, and a 5.8-kW DC-AC converter. On the other hand, a proposed renewable energy supply alternative consists of a 135-kW wind power generation, an 821-kWh storage capacity, and a 49.2-kW DC-AC converter. A levelized cost of electricity (LCOE) approach is used for comparison purposes. Also, net present cost (NPC) is calculated for the proposed energy supply alternatives. It is concluded that for comparative cost analysis key aspects, such electric load profile and its correlation with wind speed availability on hourly basis, play a significant role. However, the incorporation of environmental benefits could overcome some economic feasibility barriers in the near future.
| Original language | English |
|---|---|
| Title of host publication | 19th LACCEI International Multi-Conference for Engineering, Education Caribbean Conference for Engineering and Technology |
| Subtitle of host publication | "Prospective and Trends in Technology and Skills for Sustainable Social Development" and "Leveraging Emerging Technologies to Construct the Future", LACCEI 2021 - Proceedings |
| Editors | Maria M. Larrondo Petrie, Luis Felipe Zapata Rivera, Catalina Aranzazu-Suescun |
| Publisher | Latin American and Caribbean Consortium of Engineering Institutions |
| ISBN (Electronic) | 9789585207189 |
| DOIs | |
| State | Published - 2021 |
| Event | 19th LACCEI International Multi-Conference for Engineering, Education Caribbean Conference for Engineering and Technology: "Prospective and Trends in Technology and Skills for Sustainable Social Development" and "Leveraging Emerging Technologies to Construct the Future", LACCEI 2021 - Virtual, Online Duration: 19 Jul 2021 → 23 Jul 2021 |
Publication series
| Name | Proceedings of the LACCEI international Multi-conference for Engineering, Education and Technology |
|---|---|
| Volume | 2021-July |
| ISSN (Electronic) | 2414-6390 |
Conference
| Conference | 19th LACCEI International Multi-Conference for Engineering, Education Caribbean Conference for Engineering and Technology: "Prospective and Trends in Technology and Skills for Sustainable Social Development" and "Leveraging Emerging Technologies to Construct the Future", LACCEI 2021 |
|---|---|
| City | Virtual, Online |
| Period | 19/07/21 → 23/07/21 |
Bibliographical note
Publisher Copyright:© 2021 Latin American and Caribbean Consortium of Engineering Institutions. All rights reserved.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
Keywords
- Clean energy
- Cost analysis
- Environmental sustainability
- Renewable resources
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