Abstract
Selecting the best renewable energy (RE) sources are often considered as a critical task in the field of decision-making. Renewable energy depends on certain conflicting factors that might divert the proper selection of the best one. Hence, Multi-Criteria Decision Making (MCDM) would be the appropriate choice to treat this kind of confusing situations. In this article, a real-time decision-making problem is considered regarding the proper selection of a RE power plant in India. The main objective is to propose the suitable RE power plant that should be established in India based on six most important factors with the help of integrated MEREC-PIV MCDM tool. Here, five alternatives RE sources are considered and the best one is chosen based on the suitability of the Indian climatic conditions with the help of PIV, and MEREC is utilized to determine the objective weights of the six criterions. The final results show that, hydroelectric power plant would be the appropriate choice, whereas, biomass energy is the worst among the five alternatives. A ranking order of the alternatives is also proposed showing from highest to lowest rating. Sensitivity analysis is conducted to validate the outcome results and ranking.
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