Optimization of renewable energy sources for hybrid power generation

Increasing cost of the fossil fuel have led the emphasis on the usage of renewable energy sources as an alternative source of generation. More than 70% of the Indian population resides in the villages which are deprived of power for more than 6 to 12 hours a day. For the overall growth of the economy, it is necessary that the agro based economy also contribute to the growth. It is neither feasible nor economical to transmit electricity in the far off regions where a few families reside in the village. Hence decentralized and distributed generation concept has come up under the Rajiv Gandhi GraminVidyutikaranYojana which is implemented by Rural Electrification Corporation. The Hybrid Renewable Energy System can not only make optimum use of the available renewable resources but can become cost effective by minimising per unit cost of generation which could otherwise be high by considering any single source such as solar, wind, biomass or small hydro. MATLAB simulation is done by considering various assumption parameters for carrying out per unit cost of generation.