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Economic Feasibility of Renewable Electricity Generation Systems for Local Government Office: Evaluation of the Jeju Special Self-Governing Province in South Korea

Title
Economic Feasibility of Renewable Electricity Generation Systems for Local Government Office: Evaluation of the Jeju Special Self-Governing Province in South Korea
Author
박은일
Keywords
energy cost; Jeju Island; renewable energy; POWER-SYSTEM; ENERGY; UNIVERSITY; CAMPUS; BUILDINGS; ISLAND; FOCUS
Issue Date
2017-01
Publisher
MDPI AG
Citation
SUSTAINABILITY, v. 9, No. 1, Article no. 82
Abstract
While environmental and energy concerns have become global issues, the government of South Korea has made notable efforts and formulated plans for the diffusion of renewable energy generation facilities for the nation’s public and governmental institutions. Accordingly, Jeju Island has become one of the most promising locations for utilizing renewable energy resources. This study aims to propose potential configurations for renewable energy generation facilities (mainly solar and wind energy facilities) in response to the electricity demand of the main local governmental offices of Jeju Special Self-Governing Province. The study utilizes the hybrid optimization of multiple energy resources software to simulate two optimized configurations for generation at a cost of energy of $0.306 per kWh (independent) and $0.204 per kWh (grid-connected) with 100% renewable fraction for the island. The implications of the simulation results and limitations of the study are discussed.
URI
http://www.mdpi.com/2071-1050/9/1/82/htmhttp://repository.hanyang.ac.kr/handle/20.500.11754/71612
ISSN
2071-1050
DOI
10.3390/su9010082
Appears in Collections:
COLLEGE OF COMPUTING[E] > MEDIA, CULTURE, AND DESIGN TECHNOLOGY(ICT융합학부) > Articles
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