Report #03-05 WCAEE-ICEEC-2020 Evaluation of the techno-economic opportunities of PV/Wind/DG/Battery hybrid system for Yekaterinburg, Russia

УДК 621.31; 621.311

Evaluation of the techno-economic opportunities of PV/Wind/DG/Battery hybrid system for Yekaterinburg, Russia

Оценка технико-экономических возможностей гибридной системы PV / Wind / DG / Battery для Екатеринбурга, Россия

E. B. Agyekum*,1, V.I. Velkin2, S. E. Shcheklein3

1,2,3Ural Federal University named after the first President of Russia Boris Yeltsin 620002, 19 Mira Street, Ekaterinburg, Russia. Department of Nuclear and Renewable Energy

Email: [email protected]1, [email protected]2, [email protected] 3

Abstract

Russia’s sources of electricity generation have been mainly from fossil fuels duel to the country’s abundant hydrocarbon resources, and nuclear power plants. The country has huge renewable energy potentials which are yet to be fully developed. This study evaluated the techno-economic potential of a PV/Wind/DG/Battery system for integration in Yekaterinburg and other rural areas around that enclave. The Hybrid Optimization of Multiple Energy Resources software was used in the simulation of the system, some financial metrics such as levelized cost of energy (LCOE) and the net present cost (NPC) was used in the analysis. The system recorded an LCOE of 0.356 $/kWh, NPC of $255,478.80 and an operating cost (OC) of $9,409.72. The obtained results will be too expensive if implemented using the selected financial conditions. However, a sensitivity analysis conducted indicates that the cost of energy can be significantly reduced if some selected financial variables are changed.

Keywords: Techno-economic analysis; cost of energy; Russia; renewable energy; HOMER.