Techno-economic pre-feasibility study of wind and solar electricity generating systems for households in Central Finland

2014

The objective of this work is to investigate the viability of a wind, PV or hybrid wind-PV system supplemented with battery storage for electricity production to meet the electricity consumption of a typical household apartment in Central Finland. The assessment criteria for the analysis were cost of energy and total net present cost of each system configuration. We selected the Hybrid Optimization Model for Electric Renewables (HOMER) software, RETScreen, and PVsyst in our analysis and finally only HOMER was considered for performing system optimization analysis because of the creditability of its results. A PV-battery system is recognized as the most economically feasible option in our si…