Simulation of Grid-Tied Solar Wind Hybrid Power System in a Typical Factory, Vietnam

In the trend of green industry development, countries are focusing on developing renewable energy including solar power and wind power. Recently, many domestic businesses have invested in installing renewable energy systems to reduce monthly electricity costs due to purchasing electricity from the national grid. However, industrial factories in Vietnam currently mainly install solar power, but not many projects use wind power. In the study, a grid-connected solar-wind hybrid power system is simulated at a typical industrial factory to evaluate economic, technical, and environmental performance.