Economic Viability Of Grid-Integrated Hybrid Power Systems For Rural Areas In The Indo-Pak Border Region

Abstract

This study assesses the economic feasibility of a grid-connected hybrid power system (PV/Wind turbine) for rural applications in the Anupgarh region, Rajasthan, situated at 29.55° N latitude and 73.38° E longitude, near the Indo-Pak border. The analysis involves evaluating the potential of wind and solar energy by collecting data from various sources. The Hybrid Optimization Model for Electric Renewable (HOMER) software is utilized to analyze the data and determine the economic viability of the proposed system. Two models—off-grid and on-grid—are designed and optimized for comparison. Additionally, a sensitivity analysis is conducted to examine the impact of variations in grid energy costs on the overall system cost. Simulation results indicate that the proposed grid-connected hybrid system is the most cost-effective and suitable solution for the targeted region.