Abstract

In order to minimize the social and environmental concerns arising from the use of traditional energy resources such as fossil fuels and nuclear energy, the South Korean government has attempted to develop alternative energy resources. In particular, the large educational institutes and islands in South Korea—which have the motivation and potential to provide electrical services—are required to install renewable electricity generation facilities to reduce the burden on the local grid systems. With this trend, the current study investigates potential configurations of renewable electricity generation systems to supply the electrical demand of Jeju National University, located on the largest island in South Korea. The potential configurations suggested by the simulation results are evaluated by renewable fraction, cost of energy (COE), and total net present cost (NPC). The suggested configurations show a renewable fraction of 1.00 with COE of $0.356–$0.402 per kWh and NPC of $54,620,352–$51,795,040. Based on the results, both implications and limitations are examined.

Highlights

  • Fossil fuels and nuclear energy are important resources, their use raises serious environmental and safety problems, such as global warming and atmospheric pollution from greenhouse gas (GHG) emissions [1,2,3]

  • Jeju National University is located in the northern side of Jeju Island in South Korea

  • Because this study proposes renewable electricity generation systems for Jeju National University, wind turbines, PV panels, battery units, a traditional grid connection, and an electricity converter are considered as potential system components

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Summary

Introduction

Fossil fuels and nuclear energy are important resources, their use raises serious environmental and safety problems, such as global warming and atmospheric pollution from greenhouse gas (GHG) emissions [1,2,3]. About 14.6% of the national energy consumption in South Korea is used in educational institutes [8] Based on this trend, the South Korean government considers the use of renewable energy resources to be an important issue in operating a sustainable energy supply system for public buildings and institutes [9]. Educational organizations in Jeju Island need to plan to establish sustainable electricity generation facilities in order to reduce their dependency on the national grid connection With these trends, the current study sheds light on educational institutes located on Jeju Island. Of New and Renewable Energy) (1) Where the Minister of Trade, Industry and Energy deems it necessary to promote the technological development, use, and distribution of new and renewable energy, he/she may recommend that a person carrying on energy-related business conduct invest in, or contribute to any of the projects referred to in the subparagraph of Article 10. A corporation incorporated under any special Act. (3) The Minister of Trade, Industry and Energy may recommend that any factory, place of business, collective housing complex, etc., deemed appropriate use new and renewable energy as designated by him/her to use such energy or install facilities for using such energy. [This Article Wholly Amended by Act No 10253, 12 April 2010]

University Location and Population
Key Parameters for the Economic and Environmental Analysis
South Korea’s Annual Real Interest Rate
Three Evaluation Guidelines
Renewable Electricity Generation Systems
Results
Discussion
Limitations
Full Text
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