1. Optimal RES portfolio to achieve 45% renewable electricity in central Europe by 2030
- Author
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Patrick Eser, Reza S. Abhari, and Ndaona Chokani
- Subjects
Wind power ,business.industry ,020209 energy ,02 engineering and technology ,Environmental economics ,Renewable energy ,Electric power system ,Electric power transmission ,0202 electrical engineering, electronic engineering, information engineering ,Environmental science ,Portfolio ,Electricity ,business ,Solar power ,Renewable resource - Abstract
The EU target of 45% renewable electricity by 2030 requires additional capacities of wind and solar power across Europe. In this work, a novel high-resolution multi-country power systems model, which comprises full-year hourly chronological AC optimal power flow simulations, is applied within a multi-objective optimization framework. This framework is applied to determine the optimal portfolio of wind and solar capacities across Europe, which achieves the EU target while minimizing curtailment, residual load fluctuations and investment costs. The optimal portfolio comprises new wind and solar capacities of 221 GW and 82 GW respectively; the geographic locations of the new capacities are identified. To accommodate these additional capacities, 4% of central European transmission lines require reinforcement. The presented approach of simultaneously optimizing the renewable portfolios across multiple countries reduces curtailment, residual load variability and electricity prices by best utilizing each country's renewable resources and the intrinsic balancing effects of large-scale wind power.
- Published
- 2017
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