Abstract
High initial investment and the intermittent nature of resources are major challenges for large scale renewable generation. The size of photovoltaic (PV) and wind turbine (WT) farms in the microgrid needs optimized to avoid curtailment and to efficiently meet the demand of a power system. Battery energy storage systems (BESSs) may also be used to improve flexibility. This paper explores the optimal sizing for PV and wind generators, as well as a BESS at the utility level for a large grid-connected net zero energy (NZE) hybrid microgrid considering characteristics such as initial investment, levelized cost of energy (LCOE), operating costs, net present cost (NPC), and renewable fraction. Multi-objective formal optimizations were formulated as single objective problems with constraints and solved using the HOMER Pro computational engine. Ten optimizations with different utility charge rates are performed using actual data for the load profile, weather, and utility buy-back rates of Glasgow, KY. Simulation results demonstrated that various utility charge rates result in different optimal sizes for the solar PV and the WT farms, as well as for the BESS capacity.
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