Optimal Portfolio of Wind-solar-hydro Hybrid Renewable Generation based on Variable Speed Pumped Storage

Compared with separate solar or wind generation, the hybrid wind-solar-hydro renewable portfolio can achieve better generation characteristics due to their temporal-spatial complementarities. This paper proposes optimal portfolio of wind-solar-hydro hybrid renewable generation based on variable speed pumped storage (VSPS). In this portfolio, the complementarities of hydro-solar-wind hybrid renewable energy sources (RESs) are fully exploited via various conversion and storage devices for zero carbon 100% renewable supplies. Compared to traditional fixed speed pumped storage (FSPS), the VSPS has obvious advantages in power regulation and renewable accommodation, which is comprehensively modeled to capture its dynamic operational dispatchability and flexibility. The portfolio production, conversion, storage, and consumption are formulated via a two-stage framework, which takes the minimum system investment cost as the objective function. Case studies on southwest China are performed to show the effectiveness and superiority of the proposed methodology on cost-effective accommodation.