The Economic Assessment of Renewable Technologies Integration

Abstract

A case study was conducted to compare renewable energy technologies with natural gas
generators in terms of emissions and costs. The load that was used in the hybrid renewable energy system
and the engine system running on natural gas was the same value of 62,500 kW. In the case of using solar
panels as the only source of energy, the initial cost was the highest. In the case of using the wind turbine as
the only source of energy in the system, the initial cost was lower than the system that works on solar
panels, but it was also high. The case in which the system was operated using the wind turbine and solar
panels as an energy source was the best case for the system, the initial cost was the lowest compared to
wind and solar with no emissions produced. In the case of natural gas generators, the cost was low compared
to the hybrid power system, and the operating cost was also low, but the harmful emissions were high. The
findings show that integrating renewables into the grid presents the most beneficial alternative for
decreasing emissions and minimizing overall costs, compared to the scenario where renewable energy
sources are used separately.