Abstract

The South Korean government has long been attempting to reduce the nation’s heavy reliance on fossil fuels and increase environmental safety by developing and installing renewable power generation infrastructures and implementing policies for promoting the green growth of Korea’s energy industry. This study focuses on the use of independent renewable power generation systems in the more than 3000 officially affirmed islands off Korea’s coast and proposes a simulated solution to the electricity load demand on Ulleungdo Island that incorporates several energy sources (including solar, batteries, and wind) as well as one hydro-electric and two diesel generators. Recommendations based on the simulation results and the limitations of the study are discussed.

Highlights

  • While public and industrial awareness of energy and environmental issues has continued to grow, governments across the globe have adopted measures to further the dissemination and diffusion of renewable energy resources [1]

  • This study uses the hybrid optimization of multiple energy resources (HOMER) software developed by the National Renewable Energy Laboratory (NREL) to simulate a renewable power generation system for Ulleungdo Island within the limits of the relevant economic parameters, the net present cost (NPC), and the cost of energy (COE)

  • This study proposes the configuration of an optimized renewable power generation system for Ulleungdo Island using HOMER software

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Summary

Introduction

While public and industrial awareness of energy and environmental issues has continued to grow, governments across the globe have adopted measures to further the dissemination and diffusion of renewable energy resources [1]. The local government of Spain’s El Hierro Island recently achieved 100% renewable power generation, providing 158% of the island’s electricity demand This island, with an area of 278 km and a population of 10,000, constructed a hydro-wind power generation system comprising a hydro station, pumping station, hydro turbines, wind turbines, desalination plants, and upper and lower reservoirs. This study uses the hybrid optimization of multiple energy resources (HOMER) software developed by the National Renewable Energy Laboratory (NREL) to simulate a renewable power generation system for Ulleungdo Island within the limits of the relevant economic parameters, the net present cost (NPC), and the cost of energy (COE). The following research question is addressed: Do we propose the optimal and least expensive renewable power generation system, including compared to the current system?

Location and Population
Load Information
Solar Energy
Wind Speed
Annual Real Interest Rate
Diesel Price
Results
Conclusions
Limitations
Full Text
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