In this paper, the behavior of traveling waves (TWs) on transmission lines which interconnect inverter-based resources (IBRs) is investigated, assessing the performance of well-known TW functions applied in protection and fault location schemes. To do so, traditional synchronous generators and wind turbine-based IBRs of types III and IV are investigated, allowing comparative studies regarding the shape of fault-induced transients measured at the monitored line terminals. Then, the impacts of typical terminations of IBR-interconnecting lines on the classical double-ended TW-based fault location method, as well as on directional, overcurrent and differential TW-based protections are analyzed, highlighting the effects of busbar and transformer stray capacitances on the performance of these functions. The obtained results reveal that TW solutions are promising for IBR-interconnecting lines. However, a significant influence of busbar and transformer stray capacitances on the performance of TW functions is also identified, revealing the need for taking these capacitances into account during the definition of settings used in TW protection and fault location schemes.
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