ECONOMIC ANALYSIS ALGORITHM OF A PV – WIND HYBRID SYSTEM
Renewable energies benefits include lower energy dependency, reduction of losses in energy transmission and transformation, lack of gaseous and liquid pollutants, reduced price of primary energy.The main disadvantage of renewable energy sources is their unpredictable nature and dependence on weather conditions. This problem can be solved by integrating renewable sources into an appropriate hybrid combination. In order to obtain electricity from a hybrid system, its design has to be optimal in terms of operation and component selection. Therefore, the paper presents an economic analysis algorithm for the selection of the appropriate PV-wind hybrid system for a specific application. The algorithm aims to determine the optimal configuration for the PV-wind hybrid system, configuration that takes into account the components price, the energy requirement and the climatic conditions of the implementation area. The algorithm is exemplified on a case study.
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