Project Topic: Techno-economic Analysis and
Optimization of Hybrid Renewable Energy Systems for
Technical Institutions in India
Submitted by: Supervised By:
[Link] Akhtar Dr. Mohammad Shariz Ansari
[Link] Srivastava
[Link] Kumar Reddy
INTRODUCTION
With the rising global demand for clean and sustainable
energy, hybrid renewable energy systems (HRES) have
become a promising approach to integrating multiple
renewable energy sources. By combining technologies
such as solar photovoltaics (PV), wind turbines, biomass,
and hydroelectric systems—often supported by energy
storage solutions—HRES help optimize energy supply and
improve system reliability. This integration reduces the
variability of individual renewable sources, ensuring a
more stable and consistent energy output. In this in-depth
analysis, we explore the fundamental components,
operational mechanisms, and mathematical models that
form the foundation of HRES.
Hybrid Renewable Energy System (HRES)
Overview
This image represents a Hybrid Renewable Energy
System (HRES) integrating multiple energy
sources. It includes a nuclear or thermal power
source (OorjaT3) and a wind turbine (XL1) on the
AC side, along with a solar photovoltaic panel
(CS6X-325) and a battery storage system (Dis12V)
on the DC side. A converter facilitates energy flow
between AC and DC systems. The system supplies
an electric load consuming 11.27 kWh per day with
a peak demand of 2.39 kW. The icons at the
bottom suggest functionalities like monitoring,
cost analysis, and performance tracking,
highlighting the efficiency and reliability of HRES.
Cost Breakdown of Hybrid Renewable Energy
System Components
This cash flow chart represents capital (purple), operating
(blue), replacement (red), and salvage (yellow) costs over a
25-year period.
The significant initial capital
investment (purple) occurs at the
start, followed by recurring
operating costs (blue).
A replacement cost (red) appears
midway, indicating equipment
replacement major maintenance.
Toward the end, a salvage value
(yellow) is recovered, contributing
positively to the financial balance.
The overall trend reflects the
long-term financial sustainability
and viability of the system, with
the initial investment gradually
offset by consistent operational
expenses and eventual salvage
returns.
The best cost-sustainability balance, a
solar-dominant hybrid system with a
moderate generator backup
This system relies heavily on solar PV (75.5%
renewable fraction) with a small generator as
backup.
The low operating cost (₹1.58M/year) suggests
reduced fuel consumption, as most power comes
from solar.
High initial capital cost (₹5.12M) due to investment
in solar infrastructure.
Best option in terms of cost-effectiveness and
sustainability.
Although completely grid-dependent systems are cheaper to install, they are more
expensive in the long run. The optimum system (COE = ₹5.77/kWh, NPC = ₹17.5M)
combines solar PV (192 kW) with a small generator (15 kW) and a 113 KW converter,
providing a renewable fraction of 75.5% and the lowest total cost.
Lowest-Cost System (COE: ₹5.77/kWh, NPC: ₹17.5M)
PV Capacity: 192 kW
Generator Capacity: 15 kW
Grid Connection: Available (9,99,999 kW - assumed unlimited)
Converter: 113 kW
Dispatch Strategy: Load Following (LF)
Renewable Fraction: 75.5%
Initial Capital Cost: ₹5.12M
Operating Cost (per year): ₹1.58M
Observations:
This system relies heavily on solar PV (75.5% renewable fraction) with a small
generator as backup.
Conclusion and Recommendations
• Hybrid renewable energy systems offer a promising
solution to meet growing energy demands while
reducing environmental impact.
• Careful planning, optimization, and simulation are
essential for the successful implementation of these
systems in real-world applications.
• Continued research and technological advancements
will further improve the efficiency and cost-
effectiveness of hybrid renewable energy systems.
THANK YOU