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Sustainability 2016, 8(9), 877; doi:10.3390/su8090877

Economic and Environmental Benefits of Optimized Hybrid Renewable Energy Generation Systems at Jeju National University, South Korea

1
Korea Institute of Civil Engineering and Building Technology (KICT), Goyang, Gyeounggi-do 10223, Korea
2
Project Management Division, Korea Construction Engineering Development Collaboratory Management Institute (KOCED CMI), Myongji-ro 116, Cheoin-gu, Yongin-si, Gyeonggi-do 17058, Korea
3
Department of Business Administration, Dongguk University, Gyeongju 04620, Korea
4
Robotic Intelligence Laboratory, University Jaume-I, Castellón de la Plana 12071, Spain
5
Department of Interaction Science, Sungkyunkwan University, Seoul 03063, Korea
*
Authors to whom correspondence should be addressed.
Academic Editors: Tomonobu Senjyu and Marc A. Rosen
Received: 27 June 2016 / Revised: 16 August 2016 / Accepted: 22 August 2016 / Published: 2 September 2016
(This article belongs to the Special Issue Sustainable Electric Power Systems Research)
View Full-Text   |   Download PDF [7413 KB, uploaded 2 September 2016]   |  

Abstract

In order to minimize the social and environmental concerns arising from the use of traditional energy resources such as fossil fuels and nuclear energy, the South Korean government has attempted to develop alternative energy resources. In particular, the large educational institutes and islands in South Korea—which have the motivation and potential to provide electrical services—are required to install renewable electricity generation facilities to reduce the burden on the local grid systems. With this trend, the current study investigates potential configurations of renewable electricity generation systems to supply the electrical demand of Jeju National University, located on the largest island in South Korea. The potential configurations suggested by the simulation results are evaluated by renewable fraction, cost of energy (COE), and total net present cost (NPC). The suggested configurations show a renewable fraction of 1.00 with COE of $0.356–$0.402 per kWh and NPC of $54,620,352–$51,795,040. Based on the results, both implications and limitations are examined. View Full-Text
Keywords: renewable energy; Jeju; optimal configuration; Hybrid Optimization of Multiple Energy Resources renewable energy; Jeju; optimal configuration; Hybrid Optimization of Multiple Energy Resources
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MDPI and ACS Style

Park, E.; Han, T.; Kim, T.; Kwon, S.J.; del Pobil, A.P. Economic and Environmental Benefits of Optimized Hybrid Renewable Energy Generation Systems at Jeju National University, South Korea. Sustainability 2016, 8, 877.

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