Assessment of economic efficiency of combined power plants based on renewable energies

Abstract

Energy plants based on renewable energy sources can be combined according to the type of energy source (hydro, solar, wind with or without hydro storage). Currently, not enough attention has been paid to assessing the economic efficiency of combined power plants incorporating a hydraulic accumulator. When designing combined power plants, it becomes necessary to choose the composition of such plants and evaluate their economic efficiency. The purpose of this study is to justify the possibility of applying the present value method to select the composition of combined heat and power plants and assess their economic efficiency. The research used the following methods: review, synthesis of existing literature on the subject, system analysis, collection of data on different types of power plants, and calculation of their economic efficiency. A computer program has been compiled with Turbo Pascal 7.0 for the calculations. The calculations have shown that a cost-effective option is a combined power plant based on a wind power plant and a hydropower plant with a hydro accumulator.