NDLI: Modelling and design of wind-solar hybrid generation projects in long-term energy auctions: a multi-objective optimisation approach

Content Provider	IET Digital Library
Author	Aquila, Giancarlo Queiroz, Anderson R. de Lima, Luana M. M. Balestrassi, Pedro Paulo Lima, J. W. Marangon Pamplona, Edson O.
Abstract	This study proposes an approach to help the bidding processes of hiring wind-photovoltaic farms in long-term energy auctions. The proposed approach aims to define an optimal solution to configure wind-photovoltaic farms based on mixture design of experiments and the Lp method, as well as an efficiency metric designed to achieve diversification and to identify the Pareto dominant optimal portfolio. The proposed method is simple and flexible for practical applications. Moreover, its associated goals of choosing the Pareto dominant optimal solutions are aligned with the goals of the electricity regulators responsible to manage the hiring process for a new generation. To validate the method, wind-solar photovoltaic generation configurations in three Brazilian cities are analysed and the results are compared with other methods previously proposed in the literature. The results show that the proposed method has more intuitive criteria for the investor and regulator, without reducing the quality of the information provided to decision making.
Starting Page	2612
Ending Page	2619
Page Count	8
ISSN	17521416
Volume Number	14
e-ISSN	17521424
Issue Number	Issue 14, Oct (2020)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-rpg/14/14
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-rpg.2020.0185
Journal	IET Renewable Power Generation
Publisher Date	2020-07-21
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Bidding Processes Brazilian Cities Decision Making Electricity Regulators Hiring Process Hybrid Power System Investment Long-term Energy Auctions Multiobjective Optimisation Approach Optimisation Technique Pareto Dominant Optimal Portfolio Pareto Dominant Optimal Solutions Pareto Optimisation Photovoltaic Power System Power Generation Economics Power System Economics Power System Managemen Power System Operation Solar Power Stations Wind Power Plant Wind-photovoltaic Farms Wind-solar Hybrid Generation Projects Wind-solar Photovoltaic Generation Configurations
Content Type	Text
Resource Type	Article
Subject	Renewable Energy, Sustainability and the Environment

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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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