Optimization and Comparative Analysis of Hybrid Renewable Energy Generation (Solar-Wind-Biomass) Using HOMER

Energy scarcity is one of the biggest challenges for the developing countries due to rapid industrialization and urbanization. Considering current electricity demand growth patterns, the world will undoubtedly face resource and carbon constraints. Renewable Resources are an attractive option to cater these issue and have potential to supply this growing demand with clean and safe energy in affordable price. This research describes the comparative techno-economic analysis of grid connected and stand-alone hybrid (Solar-Wind-Biomass) renewable energy resources (HRES) system using Hybrid Optimization of Multiple Energy Resources (HOMER) Pro software for electrification of a rural village in northern India which has limited access of the main grid. Solar, wind and biomass resources are used in the hybrid system. The main purpose of this study is to minimize the net present cost (NPC) and cost of energy (COE) of the hybrid system. The necessary data is obtained and inspected to perform the modelling and sizing the HRES system.