Power production strategies from renewable energy resources in a hospital campus considering economic aspect

Abstract

At present, incorporation of renewable energy resources in distributed generation (DG) is a noble idea. In this work, a strategic optimal distributed power production with renewable energy resources in a typical hospital campus has been proposed considering its economic aspect. The annual operating cost for optimal power operation with demand side management (DSM) has been found. Particle Swarm Optimization with an Aging Leader and Challengers (ALC-PSO) has been used here as solver. The solution has also been compared with classical Particle Swarm Optimization (PSO) to confirm the adaptability of ALC-PSO to solve this type of optimization problem.