Energy, exergy, economic, environmental, advanced exergy and exergoeconomic (extended exergy) analysis of hybrid wind-solar power plant

Abstract

Aiming to net-zero emissions, hybrid power generation through renewable means has gained substantial attention across the globe. Considering the stochastic nature of renewable energy resources, a comprehensive performance assessment is a must prior to project development. Present work is a novel multidimensional 6E analysis (energy, exergy, economic, environmental, advanced exergy, and exergoeconomic) to evaluate the performance of hybrid wind-solar energy systems. The analysis is performed using long-tern (41 years) high-resolution ERA5 reanalysis resource data and the mathematical modeling by means of MATLAB R2018a computation software. The long-term data facilitates reliable and precise predictions of resource availability, power generation, and system performance during the lifespan of the project. The performance of HWSES in terms of capacity factor and exergy efficiency is computed to be 9.6–35.5% and 4.7–10.4% respectively, whereas the extended exergy efficiency lies in the range of 3.39–5.79%. Hybridizing wind power projects with solar power enhances the overall system capacity factor, exergy efficiency, and extended exergy efficiency by 3.46%, 5.12%, and 2.87% respectively. Hence, the hybridization leads to superior year-round system performance with smaller power fluctuations than the standalone systems. Further, wind, solar and hybrid systems would annually reduce the Specific Emission Reduction of 1128 tone/kW, 1685 tone/kW, and 1407tone/kW respectively. The present research will be helpful to the policy-makers and the project developers in the project feasibility study of hybrid energy systems.