Optimization and techno-economic analysis of hybrid renewable energy systems for the electrification of remote areas.

The welfare of the villages is one of the primary objectives of the rural electrification programmes. Compared to electrifying urban regions, electrifying rural areas is more expensive. Energy requirements in rural areas can be met using hybrid energy technologies. This study proposes a cost-effective power solution to reduce the net present cost (NPC), cost of energy (COE), unmet loads and CO2 emissions. Grey Wolf Optimizer (GWO) and Homer Pro are used to optimize the size of the components of the system. The combination of solar, wind and biogas with a battery storage system is cost-effective with zero unmet loads. Of the three combinations considered, the values of COE and NPC for combination-1 were 0.156 ($/kWh) and $2.05 M respectively. The comparative analysis of optimization between the GWO technique and Homer Pro carried out shows that the value of COE and NPC are reduced by 5.45% and 3.30% respectively. [ABSTRACT FROM AUTHOR]