Optimal planning of hybrid power systems under economic variables and different climatic regions: A case study of Türkiye

Basit Öğe Kaydı
dc.authoridTerkes, Musa/0000-0002-4411-411Xen_US
dc.authoridOZTURK, Zafer/0000-0002-1947-9053en_US
dc.authorscopusid57466888500en_US
dc.authorscopusid57796709200en_US
dc.authorscopusid57250837500en_US
dc.authorwosidTerkes, Musa/HII-6047-2022en_US
dc.authorwosidOZTURK, Zafer/GSJ-2353-2022en_US
dc.contributor.authorOzturk, Zafer
dc.contributor.authorTerkes, Musa
dc.contributor.authorDemirci, Alpaslan
dc.date.accessioned2024-08-23T16:04:34Z
dc.date.available2024-08-23T16:04:34Z
dc.date.issued2024en_US
dc.departmentDüzce Üniversitesien_US
dc.description.abstractRenewable energy-based hybrid power systems (HPS), proposed based on demand in the transition to clean energy-indexed societies, are high-potential investments. However, cost-based optimal sizing and feasibility analyses are complicated due to unforeseen variables and do not guarantee a reliable and robust optimization framework. This study optimizes minimum-cost HPS planning for diverse loads across varied climates and economic conditions, providing holistic comparisons of technical, financial, and environmental viability. According to the analysis, fluctuating economic structure emphasizes that unsubsidized hybrid power system installations are inefficient, the severe imbalance between inflation and interest rates limits the benefits of hybrid power systems and creates an uncertain investment environment for stakeholders. The gradual increase in interest rates to limit inflation has created a more viable renewable energy investment environment, while payback periods are reduced to 7.21 years. Even under identical economic conditions, the renewable fraction of energy in regions with high solar potential can be up to 25 % higher than in regions with less potential. Moreover, payback periods can vary up to 6 years, depending on the variability in solar generation and load profiles. Considering the significant impact of economic uncertainty on HPS investments, optimization plans that reduce investment risks will be helpful to stakeholders.en_US
dc.identifier.doi10.1016/j.renene.2024.121029
dc.identifier.issn0960-1481
dc.identifier.issn1879-0682
dc.identifier.scopus2-s2.0-85199205729en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1016/j.renene.2024.121029
dc.identifier.urihttps://hdl.handle.net/20.500.12684/14271
dc.identifier.volume232en_US
dc.identifier.wosWOS:001279039400001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherPergamon-Elsevier Science Ltden_US
dc.relation.ispartofRenewable Energyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectDifferent load profilesen_US
dc.subjectEconomic variablesen_US
dc.subjectFeasibilityen_US
dc.subjectHybrid power systemen_US
dc.subjectOptimizationen_US
dc.subjectPhotovoltaicen_US
dc.subjectRenewable Energy Systemen_US
dc.subjectOptimal-Designen_US
dc.subjectRural Electrificationen_US
dc.subjectOptimizationen_US
dc.subjectFeasibilityen_US
dc.subjectAreaen_US
dc.subjectCommunityen_US
dc.titleOptimal planning of hybrid power systems under economic variables and different climatic regions: A case study of Türkiyeen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu