Feasibility Analysis of Energy Sustainable Campus using PV-Wind Hybrid Power System

Recent years have shown a tremendous increase in power generation from renewable sources of energy. Especially, solar photovoltaic and wind energy have gained more attention because of the maturity of both of these technologies. This study describes the possibility of the installation of a grid-connected hybrid renewable energy system for supplying a daily load of 4, 65SkWh in a university campus situated at city Kota, in Rajasthan, India. HOMER software is used for the simulation of the hybrid renewable energy system. Various scenarios have been generated to supply the load demand. The scenario in which the Levelized Cost of Energy (LCOE) comes nearly equal to the charge of importing power from the grid is taken as the optimal solution. This paper gives the technical and financial details of the optimal solution which consists of 585 kW capacity of solar PV and 15 kW capacity of wind turbines. Results obtained from the study shows that power generation from renewable sources is 46.98% of the total energy being utilized on the university campus. The net present cost for a lifespan of 25 years comes out to be $221 million and the power generated from renewable sources comes out to be 9,24,141 kWh/year.