Optimizing energy solutions: A techno-economic analysis of solar-wind hybrid power generation in the coastal regions of Bangladesh

Abstract

Hybrid renewable energy systems have acquired attention worldwide for their ability to harness multiple renewable sources parallelly like solar, wind, and hydropower, presenting numerous advantages. Bangladesh is forced to rely on the traditional fossil fuel-powered power generation infrastructure in order to meet the nation’s increasing need for electricity. The goal of this paper is to improve the percentage of renewable energy in Bangladesh’s energy landscape by addressing the technical, economic, and environmental elements of building a specialized hybrid system at Patenga Sea Beach through a methodical approach. This study is the first to pinpoint and address Patenga Sea Beach’s limits in light of Shah Amanat International Airport’s nearby location in Chittagong. In order to build the suggested system, a daily load demand of 1000 kWh and an annual peak demand of 53.57 kW were taken into account. The analysis shows that this system has a levelized cost of energy (LCOE) of 0.03$, generating 4,604.591 MWh of power annually. Findings from HOMER reveal an initial capital outlay of $350,688 for initial capital investment, with an annual O&M cost of $3,821, contributing to its cost-effectiveness. During the span of its lifetime, the hybrid system can also avoid 5,767 tons of CO2. The simulation program PVsyst has been utilized to assess the PV system-specific performance, viability, and outcomes. According to the PVsyst evaluation, the PV system has an 89 % system performance ratio, a 0.017$ levelized cost of energy, and a break-even period of only 6.6 years. The sensitivity analysis examines renewable resources, factoring in climate change’s effects on solar irradiation, wind speed, replacement cost, and operational expenses. It validates the hybrid system’s viability across various environmental scenarios, demonstrating resilience to changes in renewable resource costs and availability. The suggested hybrid system can be placedto minimize costs associated with energy generation, circumvent structural and geographic limitations, improve the Patenga Sea beach’s visual appeal, and lower greenhouse gas emissions. In addition to supporting future decisions about the deployment of hybrid systems, this research could assist in the integration of sustainable and renewable energy sources into the national grid.