Abstract

This paper proposes a method to determine the proportion of different renewable energy systems which are combined to be a hybrid renewable energy system. In addition, the daily operation of each renewable energy system can be determined. The results are aimed to be an optimal hybrid renewable energy system which provides the maximum profit from electricity sale throughout the project lifetime. Since the capacity and operation characteristics of renewable energy systems depend on their limited renewable energy resources in the vicinity of project locations and the characteristic of generators, the analysis considers the constraints along with investment cost, fuel cost, operation and management cost and financial parameters such as inflation rate, discount rate and interest. Furthermore, this paper considers various renewable energy sources consisting of solar, wind, biomass, biogas and RDF which are combinable to be thirteen combinations of hybrid renewable energy systems. Thailand’s renewable energy data, generation characteristics and financial parameter data are used in the simulation. The results provide the most appropriate proportion of different renewable energy systems and daily operation of each combination of hybrid renewable energy systems.

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