The study demonstrates techno-economic optimization of a microgrid using PV and battery storage, indicating effective renewable energy solutions for island environments.
Key Points
The results show that the optimal microgrid configuration meets 100% of electricity demand using solar PV and battery storage.
The levelized cost of energy achieved is 0.563 USD/kWh, emphasizing economic competitiveness in remote settings.
The system generates a 63.7% energy surplus, indicating potential for community applications and future expansion.
Sensitive parameters like solar irradiance and wind speed were analyzed using HOMER Energy for efficient modeling.