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Abstract
This study addresses Bangladesh’s urgent power crisis by evaluating a grid‐connected PV‐Biomass hybrid system at the Pabna University of Science and Technology (PUST). Using the hybrid optimization of multiple energy resources (HOMER) software, the project showcases a cost‐effective and environmentally friendly solution. The system achieves a cost of energy (COE) of $0.0347/kWh and a net present cost (NPC) of $4,712,218, with annual operating costs of $95,679.09. It significantly reduces carbon dioxide emissions from 1,920,065 kg/yr to 839,600 kg/yr and offers a competitive payback period of 6.52 years. These results highlight the system’s economic viability and environmental advantages, proposing a scalable model for similar institutions in developing countries striving for sustainable energy solutions. This approach not only mitigates the current energy challenges but also aligns with global sustainability goals.
Published Version
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