Optimal Economical Analysis and Performance Assessment of Wind-Biomass Hybrid Energy System

Recently, due to increase in the environmental issues, fuel prices, energy demand, and the depletion in the fossil fuel reserve, hybrid renewable energy system (HRES) are receiving great attention worldwide. Since many remote regions in our country, off-grid power generation does not have grid connection. Therefore, the large interest is taken in the installation of off grid power generation which depends on renewable power sources. The hybrid power system which contains power producers like battery and diesel generation, which can be introduced along with other RESs. Recently, by using suitable load profile techno-economic feasibility analysis for off grid biomass-based HRES is investigated for a remote location. In these remote locations the end users do not have an option for the grid extension. Particle swarm optimization (PSO) is utilized for various applications such as financial study, optimization, seizing, and system analysis. In addition, battery profile and wind turbine profile are various profiles of the system. The results which are obtained suggest that the cost of energy (COE) for the considered area is found to be within the acceptable margin in the range of 0.691-1.103 $/kWh.