Techno-Economic Analysis of Grid-Connected PV System for a Location in Perlis, Malaysia

Abstract

Hybrid Renewable Energy System (HRES) is a system that comprises of multiple renewable generations with backup generation such as diesel generator or battery system. Currently, most of the remote areas depends on diesel generator for energy. However, diesel releases high amount of CO2. Moreover, diesel prices also are high and fluctuates according to the global market price. Hence, techno-economic analysis of a HRES system of grid-connected photovoltaic (PV) were conducted using Hybrid Optimization of Multiple Energy Resources) software (HOMER. The analyses include inputs such as load demands and renewable resources. The results include Net Present Cost, capital investment, renewable energy fraction, Cost of Energy and CO2 emissions. Multiple configurations will be assessed that suited best for the selected location.