Real Time Load Assessment and Economic Analysis of RES System

Renewable resources are complementary in nature so the weaknesses of one can be overcome with the strength of other. The factors such as climate condition and weather are unpredictable, more for wind than compared to solar sources. The complementary nature of wind and solar sources motivates us to hybrid wind-solar power plant concept. The major problems like environment hazards, depletion of fossil fuels can be overcome by using hybrid power station. With the help of grid interconnection, the energy can be supplied to the remote rural areas and the emission of carbon and other harmful gases can be reduced up to 80% to 90%. This paper focuses on the optimal combination of renewable energy resources that could electrify the area under study. This paper also highlights the village details, energy resources available in region under study and the predicted load assessment. The various power output equations of wind power and solar power has also been discussed. The overview of the Homer software that was used for simulation purposes has also been discussed in this work.