Techno-economical and Feasibility Analysis of Hybrid PV–Wind System–Case Study

The main aim of this paper was to describe designing, modeling, and optimization of photovoltaic–wind hybrid energy system that can generate and provide techno-economical and reliable electricity to the rural areas of country with constraints renewable energy fraction and minimizing excess energy. The minimum excess energy generation with maximum renewable fraction is considered as the main constraints in this research work while optimizing the size of the components. This work has been devoted to design optimal hybrid renewable energy system for a community of 256 household of a small village of Vidharbha region named Dudhgaon near Arab Bori, Yavatmal district, Maharashtra, India. For optimization procedure, daily load profile, solar irradiance, wind velocity, and scientific requirement of all components have been collected and used as input data. The main objective to design the system is to minimize net present cost of the system by considering the parameters like capacity shortage, renewable fraction, cost of energy, and excess energy. The research tools iHOGA have been used for the optimum design of hybrid photovoltaic–wind system. The residential, commercial, and community load has been considered for electricity demand calculation. The results show that the hybrid renewable energy projects are a good investment for Dudhgaon village which provide the minimum cost of energy to the consumers with reliable power supply.