• Advances in Energy Research
• /
• v.8 no.4
• /
• pp.243-252
• /
• 2022

The hybrid wind-solar energy concept has a big influence on the spread of wind and solar power projects in India since it combines the benefits of both industries while also providing extra benefits such as resource sharing such as land, infrastructure, and power evacuation systems. Furthermore, while the hybrid policy may reduce certain barriers to the installation of wind and solar energy in India, there are still some issues that must be resolved rapidly in order to ensure a sustainable installation. According to the study's findings, the installation of wind and solar power plants is significantly influenced by energy policy. The wind-solar hybrid energy strategy will also be crucial in the near future for growing the usage of renewable energy sources. Aside from that, the establishment of Green Energy Open Access (GEOA) and the restart of the trading of Renewable Energy Certificates (REC) would promote the quick deployment of standalone and hybrid renewable power projects throughout the nation, enabling it to reach 500 GW of installed non-fossil energy capacity by 2030.

• New & Renewable Energy
• /
• v.20 no.1
• /
• pp.15-25
• /
• 2024

This study analyzes the economic feasibility of agrivoltaics in South Korea. The key findings are as follows. It was ascertained that an amendment to the Farmland Act, which currently has an 8-year permit period, is necessary to ensure the economic feasibility of agrivoltaic projects. Furthermore, economic feasibility improves when agrivoltaic projects are financed, as against cases without financing. Furthermore, the availability of low-interest loans through financial support programs significantly enhances economic feasibility. Scaling up projects leads to cost savings due to economies of scale, while community-based agrivoltaic initiatives generate higher revenue through the acquisition of additional Renewable Energy Certificates. These factors can help improve the economic feasibility of agrivoltaic projects. These incentives are emphasized as they can serve as a source of funding to foster community acceptance of agrivoltaic projects.

• Journal of the Korea Convergence Society
• /
• v.12 no.6
• /
• pp.139-150
• /
• 2021

Currently, the RPS(Renewable Portfolio Standard) is the policy which supplies new and renewable energy. Power generation companies with large capacity should produce renewable energy or secure through the purchase of REC (Renewable Energy Certificates) as mandatory. The government has revised the REC weight several times, which weights each energy source by evaluating the economic and social value of renewable energy sources, and revised the mandatory supply ratio to gradually increase. This study helps to find the impact of policies on related industries. In this study, time-series analysis and regression analysis on the capacity of PV(Photovoltaics) facilities as a dependent variable were performed to analyze the effect of the revision of the REC weight for photovoltaic power generation and the amount of mandatory supply for renewable energy. As a result, it was statistically assessed that the revision of the REC weight and the increase in the mandatory supply has a significant effect on the increase in the amount of PV facilities.

• Journal of the Korean Institute of Electrical and Electronic Material Engineers
• /
• v.33 no.6
• /
• pp.505-509
• /
• 2020

The development of diesel power generation is predominantly geared toward island areas or ships because diesel exhibits weak scale-merit characteristics and power quality problems, which are associated with environmental pollution. However, a new energy paradigm, distribution energy resource (DER), has been emerging as a renewable energy source due to the existing structural problems in waste disposal and complex factors such as the conversion technology of waste emulsified oil (WDF). By combining extended producer responsibility (EPR) support and renewable energy certificates (REC), including waste energy REC 0.25 for other bioenergy and REC 1.0 for power transactions, an adequate profit model can be built through self-energetic power generation, thereby drawing keen attention from related industries. Therefore, if WDF is used appropriately as a high-quality engine fuel, it can lead to the development of various fields such as novel renewable energy sectors, waste management, and EPR-related industries. This study is intended to produce WDF using plastic waste by using it as engine-generator fuel. Moreover, we investigate ways to improve the quality and suitability of WDF as an engine fuel.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.67 no.9
• /
• pp.1174-1180
• /
• 2018

In December 2017, the government announced plans to increase the current proportion of renewable energy from 7% to 20% by 2030 through a plan called the Renewable Energy 3020 Implementation Plan. Therefore, the demand for installation of photovoltaic(PV), wind turbine(WT) and battery energy storage system(BESS) is expected to increase. In particular, the system combined with energy storage system(ESS) is expected to take up a large portion since PV and WT can receive high renewable energy certificates(REC) weights when combined with ESS. In this study, we calculate the optimal capacity of the power conditioning system(PCS) and the BESS by comparing the economical efficiency and maximize the efficiency of the PV-BESS system in which the PV and the BESS are connected. By analyzing the system marginal price(SMP) and REC, it maximize profits through application of REC weight 5.0 and optimal charge-discharge scheduling according to the SMP changes.

• New & Renewable Energy
• /
• v.16 no.4
• /
• pp.23-32
• /
• 2020

The wind turbine gearbox has the longest downtime among other major turbine components such as blades, generators, and main bearings. Therefore, gearbox manufacturers conduct rig tests to evaluate conformity in terms of design and function. Rig tests, however, have limited similarity compared with atmospheric wind turbine operating conditions. Rig test conditions are thoroughly controlled and maintained by testers and the component certificates of gearboxes issued through the test cannot fulfill wind farm operator's requirements. Hence, certification bodies such as DNV-GL and UL require a mandatory gearbox field test report for type certification. The Korea Energy Agency (KEA) also introduced gearbox field test as a part of the KS type certificate in 2016, although it is optional . In this paper, gearbox field test procedures and requirements are introduced, and the first domestic application case of the test is reported. The field test was conducted with a 1.5 MW wind turbine gearbox located in Jeju as the test object.

• The Journal of Information Systems
• /
• v.28 no.1
• /
• pp.115-132
• /
• 2019

Purpose The purpose of this study is to explain the agrophotovolatic system built by the Korea South-East Power Company and to propose methods to activate the agrophotovolatic system for the development of the renewable energy industry. Design/methodology/approach We conducted a three-step simulation in order to design a photovoltaic module, and we built the agrophotovolatic system based on the results of the simulation. Then, we analyzed the monthly generation of power and the rice harvests produced on farmland using the photovoltaic module. Based on the results of the analysis, we proposed institutional improvements to increase the use of the agrophotovolatic system, and we proposed new business models to increase the participation of farmers and business persons. Findings When we compared the agrophotovolastic system with the general photovoltaic system, we found that the agrophotovoltaic system had higher utilization rates and power generation. An analysis of rice produced on farmland using the photovoltaic module showed that more than 80% of the rice produced on general farmland was harvested. We suggested activation plans that involved the revision of the farmland law and the introduction of renewable energy certificate (REC). We also proposed a land lease model and a farmer participation model as two new business models, and we conducted economic evaluations and sensitivity analyses for both models.

• Journal of the Korea Convergence Society
• /
• v.11 no.8
• /
• pp.173-182
• /
• 2020

The government continuously improves the RPS system to expand the supply of renewable energy, but there has been criticism that more environmental aspects should be considered to reduce GHG emission. REC weights are differentiated according to renewable energy sources. Greenhouse gas emission is one of the decisive factors, and its value is set by experts' opinion. This study assigns LCA to get accurate value of GHG emission. The LCA calculates emitted greenhouse gases from entire process of fuel production, transportation, power plant construction, operation, and decommission. This study suggests a method to change the greenhouse gas reduction effect from the existing qualitative method to the quantitative method and evaluates them. As a result, the evaluation score is changed, but the tier interval is so large that it does not affect the REC weight. Therefore, this study suggests the way that directly reflect the greenhouse gas reduction effect in the REC weight.

• Journal of Korean Society of Forest Science
• /
• v.111 no.1
• /
• pp.177-185
• /
• 2022

In this study, the economic feasibility of a local energy facility that uses forest biomass as an energy source was assessed. We analyzed profitability using data from the Forest Energy Self-sufficient Village Project financed by the Korea Forest Service. The energy facility has a cogeneration generator and wood chip boiler. Wood chip, which has lower heat value and is cheaper than wood pellets, is used as fuel. Revenue comes from the sale of electricity, heat, and renewable energy certificates. Additionally, we considered the sale of carbon credits as substitutes for fossil fuels. The expenditure consists of fuel costs and fixed costs, and the initial investment is treated as a sunk cost. Under the condition of a 55% operation rate and wood chip price of 95,000 KRW per ton, the annual net revenue is positive. Crucial factors for managing the facility sustainably are operation rate and fuel cost. A simulation in which two factors were changed showed that the annual net revenue is negative with a 50% operation rate and 100,000 KRW per ton of wood chip price. To improve net revenue, an increase in the operation rate or a decrease in the wood chip price is required. Additionally, selling carbon credits will make the operation of the facility more profitable. Furthermore, the payment required to procure wood chips could contribute to the rural economy. To foster the use of forest biomass for energy, the price for heat supplied from renewable energy sources should be subsidized.

• Korean Chemical Engineering Research
• /
• v.59 no.1
• /
• pp.127-137
• /
• 2021

Air emission charge for nitrogen oxide as a precursor of fine dust has been introduced and implemented within the country from 2020. Therefore, the development of economical combustion technology for NOx reduction has got more needed urgently. This study investigated the air-staging effect as a way to reduce the NOx during combustion of domestic unused forest biomass, recently possible to secure REC (Renewable Energy Certification) as a substitute for overseas wood pellets in a 0.1 MWth circulating fluidized bed combustion test-rig. Operating conditions were comparison with and without air-staging, the supply position of tertiary air (6.4 m, 8.1 m, 9.4 m in the combustor) and variation of air-staging ratio (Primary air:Secondary air:Tertiary air=91%:9%:0%, 82%:9%:9%, 73%:9%:18%). NO and CO concentrations in flue gas, profiles of temperature and pressure at the height of the combustion, unburned carbon in sampled fly ash and combustion efficiency on operating conditions were evaluated. As notable results, NO concentration with air-staging application under tertiary air supply at 9.4 m in the combustor reduced 100.7 ppm compared to 148.8 ppm without air-staging while, CO concentration increased from 52.2 ppm without air-staging to 99.8 ppm with air-staging. However, among air-staging runs, when tertiary air supply amount at 6.4 m in the combustor increased by air-staging ratio (Primary air:Secondary air:Tertiary air=73%:9%:18%), NO and CO concentrations decreased the lowest 90.8 ppm and 66.1 ppm, respectively. Furthermore, combustion efficiency at this condition was improved to 99.3%, higher than that (98.3%) of run without air-staging.