Environmental economics

Renewable energy

Electricity

Electronic engineering

Production (economics)

Engineering

Economics

Power (physics)

Sensitivity (control systems)

Microgrid

Physics

Work (physics)

Macroeconomics

Geography

Quantum mechanics

Net present value

Computer science

Photovoltaic system

Geodesy

Grid parity

Wind power

Electrical engineering

Electricity generation

Environmental science

Distributed generation

Cost of electricity by source

Grid

Mechanical engineering

Ain Shams Engineering Journal

The demonstrated research work analyses the technoeconomic modelling and sensitivity analysis of the available resources for the rural community in India. The various resources used in this study are solar, wind, hydro, battery and utility grid-connected system. The usefulness of the on-grid system in the rural sector is that excess amount of electricity produced through renewable energy sources (RES) could be sold back to the utility grid. A total of 12 possible configurations of various resources with and without a grid-connected system was analyzed for minimum Levelized Cost of Energy (LCOE) and Total Net Present Cost (TNPC). Further, sensitivity analysis is accomplished for different sensitive variables to understand the nature of the system for wider application in rural communities. The solar-wind-hydro-based utility grid-connected network is observed to be the best optimal configuration with a minimum value of LCOE of 0.056 $/kWh. The simulation results reveal that the effective utilization of RES has been a cost-efficient and reliable system to the power supply in remote communities.

Modeling and sensitivity analysis of grid-connected hybrid green microgrid system