Stepwise Investment Plan Optimization for Large Scale and Multi-Zonal Transmission System Expansion

This paper develops a long term transmission expansion optimization methodology taking the probabilistic nature of generation and demand, spatial aspects of transmission investments and different technologies into account. The developed methodology delivers a stepwise investment plan to achieve the optimal grid expansion for additional transmission capacity between different zones. In this paper, the optimization methodology is applied to the Spanish and French transmission systems for long term optimization of investments in interconnection capacity.