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Sustainability 2017, 9(1), 82;

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

Korea Institute of Civil Engineering and Building Technology (KICT), Goyang, Gyeonggi-do 10223, Korea
Department of Media and Communication, City University of Hong Kong, Kowloon, Hong Kong, China
Department of Business Administration, Dongguk University, Gyeongju, Gyeongsangbuk-do 38066, Korea
University Jaume-I, Avenida de Vicent Sos Baynat, s/n, 12071 Castelló de la Plana, Spain
Department of Interaction Science, Sungkyunkwan University, 25-2 Sungkyunkwan-ro, Jongno-gu, Seoul 04620, Korea
Authors to whom correspondence should be addressed.
Academic Editor: Marc A. Rosen
Received: 20 September 2016 / Revised: 28 December 2016 / Accepted: 3 January 2017 / Published: 9 January 2017
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
Full-Text   |   PDF [3381 KB, uploaded 9 January 2017]   |  


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. View Full-Text
Keywords: energy cost; Jeju Island; renewable energy energy cost; Jeju Island; renewable energy

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Park, E.; Kim, K.J.; Kwon, S.J.; Han, T.; Na, W.S.; del Pobil, A.P. Economic Feasibility of Renewable Electricity Generation Systems for Local Government Office: Evaluation of the Jeju Special Self-Governing Province in South Korea. Sustainability 2017, 9, 82.

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