Next Article in Journal
Modeling Noise Sources and Propagation in External Gear Pumps
Next Article in Special Issue
Transition of Future Energy System Infrastructure; through Power-to-Gas Pathways
Previous Article in Journal
Thermal and Performance Analysis of a Gasification Boiler and Its Energy Efficiency Optimization
Previous Article in Special Issue
Analysis of GHG Emission Reduction in South Korea Using a CO2 Transportation Network Optimization Model
Article Menu
Issue 7 (July) cover image

Export Article

Open AccessArticle
Energies 2017, 10(7), 1062; doi:10.3390/en10071062

An Optimization Framework for Investment Evaluation of Complex Renewable Energy Systems

DSc Program on Complex Engineering Systems, Universidad de Talca, Curicó 3341717, Chile;
Department of Industrial Engineering, Universidad de Talca, Curicó 3341717, Chile
Department of Industrial Technologies, Universidad de Talca, Curicó 3341717, Chile
Author to whom correspondence should be addressed.
Received: 31 May 2017 / Revised: 10 July 2017 / Accepted: 11 July 2017 / Published: 22 July 2017
(This article belongs to the Special Issue Energy Production Systems)
View Full-Text   |   Download PDF [5271 KB, uploaded 24 July 2017]   |  


Enhancing the role of renewable energies in existing power systems is one of the most crucial challenges that society faces today. However, the high variability of their generation potential and the temporal disparity between the demand and the generation potential represent technological and operational gaps that burden the massive incorporation of renewable sources into power systems. Energy storage technologies are an alternative to tackle this gap; nonetheless, their incorporation within large-scale power grids calls for decision-making tools that ensure an appropriate design and sizing of power systems that exploit the benefits of incorporating storage facilities along with renewable generation power. In this paper, we present an optimization framework for aiding the evaluation of the strategic design of complex renewable power systems. The developed tool relies on an optimization problem, the generation, transmission, storage energy location and sizing problem, which allows one to compute economically-attractive investment plans given by the location and sizing of generation and storage energy systems, along with the corresponding layout of transmission lines. Results on a real case study (located in the central region of Chile), characterized by carefully-curated data, show the potential of the developed tool for aiding long-term investment planning. View Full-Text
Keywords: renewable energies; energy storage systems; power system planning; mathematical optimization renewable energies; energy storage systems; power system planning; mathematical optimization

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Olave-Rojas, D.; Álvarez-Miranda, E.; Rodríguez, A.; Tenreiro, C. An Optimization Framework for Investment Evaluation of Complex Renewable Energy Systems. Energies 2017, 10, 1062.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics



[Return to top]
Energies EISSN 1996-1073 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top