Optimization of Hybrid Microgrid of Renewable Energy Efficiency Using Homer Software

Abstract

This paper focuses on modelling an optimization of hybrid microgrid of renewable energy efficiency with HOMER software, using solar photovoltaic power (PV), wind power for a real time data of selected location which has future use in relation to increased demand for energy. The size of hybrid microgrid system components and factors like system cost, fuel cost, cash flow, and stability must all be optimized. The optimal sizing of Hybrid Microgrid system (PV/Wind) is conducted for our college campus. The cost of energy is based on peak load demand profiles considered for residential, industrial, commercial sectors and fuel cost, initial capital cost and operational and maintenance cost. It is also essential that hybrid system modules of optimal specifications be selected to ensure the minimal energy cost and efficiency of all load demands.