Techno-Economic Study of Grid-Connected Hybrid Renewable Energy Systems Optimized by Homer Pro
Abdelkader Halmous, Youcef Oubbati, Mohamed Lahdeb
Abstract
Investing in renewable energy has become the goal of all electricity producers at the current time. However, the crucial question remains: what is the economic feasibility of these investments, and what financial returns can investors expect? In our study, we analyse the economic viability of a hybrid system of renewable energy, integrating it into the grid. We aim to determine the optimal configuration and size for each element in the system, as well as explore how electricity selling and purchasing prices impact investor decisions. The results show that increasing both selling and purchasing prices to and from the grid leads to better returns for investors, motivating them to invest in renewable energy. Regarding optimal sizing, the results indicate that a hybrid combination of solar and wind energy is the best choice for achieving higher returns and reducing carbon emissions in the atmosphere.