• Title/Summary/Keyword: CRF(Capital Recovery Factor)

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An Optimal Decision Model for Capacity and Inclining Angle of Residential Photovoltaic Systems (주택용 태양광발전시스템의 적정 용량 및 설치각 선정을 위한 최적화 모델 연구)

  • Jeon, Jeong-Pyo;Kim, Kwang-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.59 no.6
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    • pp.1046-1052
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    • 2010
  • In residential house, photovoltaic (PV) system among various alternatives in renewable energy system is the most efficient and feasible solution for reducing energy consumption and electricity cost. However, relatively high initial cost make people reluctant to install PV system in their houses. Therefore, in the initial state for PV system installation in the house, it is very important to decide proper capacity of the PV system considering the expected energy usage and solar energy supplying condition with the house. This paper proposes a novel optimization model for deciding appropriate capacity of the PV system for residential house. The objective function of the model is to minimize the annual cost including electricity bill, operation and maintenance cost, and annual fixed cost calculated from the initial installation cost based on capital recovery factor (CRF). The model also shows the optimal inclining angle of PV panels of the system. In this paper, we estimate the PV output using PVWATTS (PV simulator of Office of Energy Efficiency and Renewable Energy) and find optimal solutions by Sequential Quadratic Programming (SQP) method using MATLAB software. The proposed approach is finally applied to a residential model house in Gangneung, Gangwon-Do and verified its feasibility for adopting to PV system design for residential houses.

A study on the maximum penetration limit of wind power considering output limit of WTGs (풍력발전기 출력제한을 고려한 풍력한계용량 산정에 관한 연구)

  • Kim, Hyeong-Taek;Myeong, Ho-San;Kim, Se-Ho
    • Journal of the Korean Solar Energy Society
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    • v.31 no.6
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    • pp.23-31
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    • 2011
  • The wind energy is one of the most prospective resources in renewable energy. However, the WTGS shouldn't be installed indiscriminately because the power system can be negatively influenced by a variable and uncertain nature of the wind energy. It is the reason why it has to be limited to install the WTGS thoughtlessly mentioned above that support the importance of the maximum penetration limit of wind power. It may required that power system operators suggests a new way of power system operation as percentage of the WTGS increase in the existing power system. The wind power is fixed in a limited area, so using rate of the wind power will be increased by installing additional WTGS. In this paper, we have studied on economic evaluation of the wind capacity increased by restricting the output of the WTGS as the way to increase the wind capacity.