Search Results (214)

This paper examined the practical impact of price-based demand-side management (DSM) for occupants of an office building connected to a renewable energy microgrid. There has been an absence of studies that have analyzed occupant reactions, in terms of perceived practicality, regarding the implementation of DSM in conjunction with factors including renewable energy generation, load shifting and energy costs. An increased understanding of the practicality of DSM will support future improvements in building energy efficiency and sustainability. Ten occupants of the National Build Energy Retrofit Test-bed (NBERT) were selected as a case study. The electricity consumption pattern of the NBERT occupants was derived over a period of two years. Five unique DSM schedules were developed for each of the NBERT occupants, and a survey was carried out to investigate the practicality of these DSM schedules. A real-time electricity pricing tariff, electricity CO₂ intensity, three feed-in tariffs and two microgrid control methods were evaluated to assess the practicality of each DSM schedule on the ten NBERT occupants. The results showed that the incorporation of onsite renewable energy generation with price-based DSM had a positive impact (r = 0.69–0.75) on occupant practicality. Onsite renewable energy generation was able to offset the demand for expensive electricity from the grid during peak hours, which aligned with the occupants’ typical work schedules. However, the introduction of a feed-in tariff with a renewable energy microgrid made price-based DSM less practical (r = 0.15–0.64). Full article

Green hydrogen is becoming increasingly popular, with academics, institutions, and governments concentrating on its development, efficiency improvement, and cost reduction. The objective of the Ministry of Petroleum, Mines, and Energy is to achieve a 35% proportion of renewable energy in the overall energy composition by the year 2030, followed by a 50% commitment by 2050. This goal will be achieved through the implementation of feed-in tariffs and the integration of independent power generators. The present study focused on the economic feasibility of green hydrogen and its production process utilizing renewable energy resources on the northern coast of Mauritania. The current investigation also explored the wind potential along the northern coast of Mauritania, spanning over 600 km between Nouakchott and Nouadhibou. Wind data from masts, Lidar stations, and satellites at 10 and 80 m heights from 2022 to 2023 were used to assess wind characteristics and evaluate five turbine types for local conditions. A comprehensive techno-economic analysis was carried out at five specific sites, encompassing the measures of levelized cost of electricity (LCOE) and levelized cost of green hydrogen (LCOGH), as well as sensitivity analysis and economic performance indicators. The results showed an annual average wind speed of 7.6 m/s in Nouakchott to 9.8 m/s in Nouadhibou at 80 m. The GOLDWIND 3.0 MW model showed the highest capacity factor of 50.81% due to its low cut-in speed of 2.5 m/s and its rated wind speed of 10.5 to 11 m/s. The NORDEX 4 MW model forecasted an annual production of 21.97 GWh in Nouadhibou and 19.23 GWh in Boulanoir, with the LCOE ranging from USD 5.69 to 6.51 cents/kWh, below the local electricity tariff, and an LCOGH of USD 1.85 to 2.11 US/kg H₂. Multiple economic indicators confirmed the feasibility of wind energy and green hydrogen projects in assessed sites. These results boosted the confidence of the techno-economic model, highlighting the resilience of future investments in these sustainable energy infrastructures. Mauritania’s north coast has potential for wind energy, aiding green hydrogen production for energy goals. Full article

As new-energy electricity increasingly enters the post-subsidy era, traditional fixed feed-in tariffs and guaranteed purchase policies are not conducive to the optimal allocation of large-scale, high-proportion new-energy power due to the high pressure of subsidy funds and the fairness issues of power-generation grid connection. Encouraging new energy to participate in electricity market transactions is considered an effective solution. However, existing studies have presupposed the adverse effects of new energy in proposing market mechanism optimization designs for new-energy participation without quantitative results to support this, which is not conducive to a true assessment of the comprehensive impact of individual instances of new-energy participation in the market. To this end, this study, based on the actual experience and data cases of China’s electricity spot market pilot provinces, considers both unit commitment and economic dispatch in the electricity distribution process, and constructs a two-stage optimization model for electricity spot market clearing. According to the differences in grid connection time and the construction costs of new-energy power, differentiated proportions of new-energy participation in the market and bidding strategies are set. By analyzing the quantitative results of new energy participating in spot market transactions under multiple scenarios, using both typical daily data for normal loads and peak loads, the study provides theoretical support and a data basis for the optimized design of market mechanisms. The research results show that there is a non-linear relationship between the scale of new energy entering the market and its bidding strategies and market-clearing electricity prices. In the transition phase of the low-carbon transformation of the power sector, the impacts of thermal power technology with a certain generation capacity and changes in the relationship between power supply and demand on electricity prices are significant. From the perspective of the individual interests of new-energy providers, the analysis of their bidding strategies in the market is important. Full article

Peer-to-Peer (P2P) energy trading is a new financial mechanism that can be adopted to incentivize the development of distributed energy resources (DERs), by promoting the selling of excess energy to other peers on the network at a negotiated rate. Current incentive programs, such as net metering (NEM) and Feed-in-Tariff (FiT), operate according to a centralized policy framework, where energy is only traded with the utility, the state-owned grid authority, the service provider, or the power generation/distribution company, who also have the upper hand in deciding on the rates for buying the excess energy. This study presents a comparative analysis of three energy trading mechanisms, P2P energy trading, NEM, and FiT, within a rural microgrid consisting of two prosumers and four consumers. The microgrid serves as a practical testbed for evaluating the economic impacts of these mechanisms, through simulations considering various factors such as energy demand, production variability, and energy rates, and using key metrics such as economic savings, annual energy bill, and wasted excess energy. Results indicate that while net metering and FiT offer stable financial returns for prosumers, P2P trading demonstrates superior flexibility and potentially higher economic benefits for both prosumers and consumers by aligning energy trading with real-time market conditions. The findings offer valuable insights for policymakers and stakeholders seeking to optimize rural energy systems through innovative trading mechanisms. Full article

The rapid expansion of renewable energy in buildings has been expedited by technological advancements and government policies. However, including highly permeable intermittent renewables and energy storage presents significant challenges for traditional home energy management systems (HEMSs). Deep reinforcement learning (DRL) is regarded as the most efficient approach for tackling these problems because of its robust nonlinear fitting capacity and capability to operate without a predefined model. This paper presents a DRL control method intended to lower energy expenses and elevate renewable energy usage by optimizing the actions of the battery and heat pump in HEMS. We propose four DRL algorithms and thoroughly assess their performance. In pursuit of this objective, we also devise a new reward function for multi-objective optimization and an interactive environment grounded in expert experience. The results demonstrate that the TD3 algorithm excels in cost savings and PV self-consumption. Compared to the baseline model, the TD3 model achieved a 13.79% reduction in operating costs and a 5.07% increase in PV self-consumption. Additionally, we explored the impact of the feed-in tariff (FiT) on TD3’s performance, revealing its resilience even when the FiT decreases. This comparison provides insights into algorithm selection for specific applications, promoting the development of DRL-driven energy management solutions. Full article

The hybrid photovoltaic (PV) with energy storage system (ESS) has become a highly preferred solution to replace traditional fossil-fuel sources, support weak grids, and mitigate the effects of fluctuated PV power. The control of hybrid PV-power systems as generation-storage and their injected active/reactive power for the grid side present critical challenges in optimizing their performance. Therefore, this paper introduces hybrid PV-battery parallel inverters employing a finite control set model predictive control (FCSMPC) method. The proposed FCSMPC-based controller and inverter system achieves multiple functionalities, including maximum power extraction from PV, proper charging/discharging commands for ESS, support for weak grid conditions, support during low-voltage ride-through (LVRT) by increasing reactive power injection to counteract the drop in grid voltage, and economic management based on feed-in-tariff (FiT). The controller significantly improves the performance of the PV-battery system under faulty LVRT conditions and unbalanced grid voltages, satisfying grid code requirements while continuously supplying the microgrid’s delicate local load. A real-time simulation hardware-in-the-loop (HiL) setup, utilizing the OPAL-RT platform, is employed to implement the proposed hybrid PV–ESS with its controller. The results affirm the superior ability of FCSMPC in weak-grid conditions and its capability to achieve multiple objectives simultaneously. Full article

This study investigates the comparative analysis of the divergent pathways of sustainable energy development in Thailand and Japan. It offers a nuanced analysis of their policy frameworks, technological advancements, and socioeconomic contexts. This study elucidates the distinct strategies of the two nations by leveraging a robust dataset from sources including the Electricity Generating Authority of Thailand (EGAT) and Japan’s Agency for Natural Resources and Energy (ANRE) toward renewable energy. The key findings indicate that Thailand has capitalized on policy instruments such as the Alternative Energy Development Plan 2018 (AEDP 2018) to augment its renewable energy capacity, particularly in the solar and biomass sectors. This policy-driven approach addresses the rural–urban energy divide and enhances energy access nationwide. Conversely, Japan’s trajectory is characterized by integrating technological innovations like smart grids and the Feed-in Tariff (FiT) system, which have catalyzed significant increases in solar energy adoption and efficiency. Japan places great emphasis on technological solutions that underscore its strategy to mitigate the legacy constraints of energy infrastructure post-Fukushima. The implications of these findings are extended beyond national borders, offering critical insights into the complex interplay between policy, technology, and social engagement in the renewable energy transition. This study highlights the potential for community-based renewable energy projects in Thailand to drive economic growth and social equity. At the same time, Japan’s experience illustrates the importance of regulatory reforms and technological leadership in overcoming structural barriers to energy innovation. These insights are particularly relevant for policymakers and stakeholders aiming to balance the imperatives of energy security, economic development, and environmental sustainability. Finally, this study emphasizes the need for tailored strategies that align renewable energy adoption with the unique contexts of each country, thereby enhancing global efforts against climate change. Full article

Citizen-driven approaches are promising to overcome the challenges in the energy transition of geographical islands. However, the economic profitability of related activities must be ensured to achieve the intrinsic and sustainable uptake of related solutions in an island’s communities. Here, we investigate the long-term (2020–2054) economic profitability of solar-based prosumption on islands belonging to the European Union (EU), soft-linking energy system modelling and actor-related cash-flow analysis. This combination considerably extends common assessments of the profitability of renewable energy technology and long-term projections of island energy systems. We base our case study on the French overseas territory of Mayotte, discussing household affordability and the socio-economic impact of prosumerism. These topics are relevant to transferability on non-EU islands. The profitability of investments in PV depends on (i) the size of the PV system, with larger systems (>9 kWp) profiting from lower specific investment costs compared to smaller systems; (ii) the time of investment, with more profitable investments to be expected in early periods; (iii) the level of decarbonization of the entire energy sector, with an ongoing decarbonization reducing the compensation or energy-saving possibilities; and (iv) the market behavior, with the practice of feeding in all electricity produced rather than self-consuming energy offering a higher expected return on investment under current feed-in-tariff (FiT) compensation schemes. We introduce various policy measures to improve solar rooftop PV profitability and discuss their trade-offs and effectiveness. While indirect subsidies via FiT are generally effective in improving PV profitability, they undermine efforts to incentivize decentralized self-consumption. From the perspective of harmonizing efforts in the energy transition of African and European islands, we recommend a careful evaluation of the trade-offs in relevant regulations required for the economic incentivization of prosumers to achieve compatibility with the principles of a citizen-driven and just energy transition. Particular attention must be paid to context-specific socio-economic characteristics, including low access to financial resources and non-financial access barriers, including legal status. Full article

Rooftop photovoltaic (RPV) systems are valuable clean-energy-efficient technology that facilitates the transition toward energy sustainability in residential buildings. Hence, the government in Jordan implemented the feed-in-tariffs (FiT) policy to motivate residents’ willingness to install RPV systems. However, the quality of RPV products and services is a key determinant of social acceptance to install RPV systems. Hence, manufacturers and suppliers are working closely with adopters to design and manufacture RPV systems that meet or exceed their expectations. Still, there is a need to develop a quantitative assessment to examine the effects of this FiT policy and the quality of RPV systems on energy security. This study, therefore, develops a system dynamics model to examine the effects of the FiT policy and the quality of RPV products and services on social acceptance to install RPV systems. To achieve this objective, several hypotheses were established related to the main model factors, including the quality of services, complaint reduction, performance ratio, payback period and warranty, and FiT price, with a willingness to install RPV systems. Then, a system dynamics model was constructed. The simulation results reveal the significant factor that impacts energy goals. Moreover, from the end of the year 2030 to the end of 2050, RPV installations, generated power, and CO₂ emission reductions are expected to increase from 0.681 GW to 72.83 GW, from 1.07 to 125.74 TWh, and from 0.680 to 79.59 million tons of CO₂, respectively. Optimization was performed to maximize the three objectives under the uncertainty of key model variables. The optimal factor values can significantly increase the current energy goals by about 20%. In conclusion, collecting, analyzing, and evaluating adopter input and feedback on RPV systems regarding their design and technology and manufacturing and the post-services of RPV systems significantly influence energy sustainability in residential buildings. In addition, government support through investing in the FiT policy can boost RPV installations in residential buildings. Full article

Investments in small and medium-sized anaerobic digestion facilities have the potential to boost biogas production in Greece and other EU countries. This study aimed to evaluate the economic feasibility of anaerobic digestion facilities equipped with combined heat and power (CHP) units ranging from 50 to 400 kW, while treating livestock waste. For this purpose, data were gathered from various livestock operations (dairy cattle, poultry, swine, dairy sheep and goats) regarding their annual production, revenues, electricity and fuel usage, and waste generation. Waste samples were then collected and analyzed to assess their biochemical methane production potential. The capital and operational costs of anaerobic digestion facilities, from 50 and 400 kW, were calculated using the equations developed within the “eMT cluster” project. Findings indicate that current feed-in tariffs (FITs) of 0.21 € kWh⁻¹ are insufficient to incentivize investment in anaerobic digestion facilities with capacities below 250 kW, highlighting the need for increased FIT rates or capital expenditure subsidies. Recommendations include shifting towards simplified technology and business models with reduced farmer involvement, coupled with supportive legislative framework and long-term electricity price guarantees. These measures are expected to foster the implementation of anaerobic digestion projects in the animal husbandry sector. Full article

The global deployment of renewable energies has taken off and calls for a continuous increase in foreign investments and cooperation, particularly because many states cannot cover the costs and technological requirements of the energy transition on their own. Therefore, there should be policies and legal frameworks in place to protect and thereby promote foreign investments. International Investment Agreements (IIAs) can, ceteris paribus, contribute to this goal. These agreements contain a set of obligations that protect foreign investments against possible discriminatory or arbitrary conduct of the host states. This includes transparency obligations that can help to create a level playing field for national and foreign renewable energy investors. Unfortunately, the concept of transparency, and its inherent implications, has not been clearly defined to date, and its relationship with renewable energy investments is still under investigation. Therefore, it is important to realise the prevailing transparency obligations under IIAs, and the best practices that can better meet the particular requirements of renewable energy investments. Using a qualitative approach, this article intends to pursue this goal by providing an overview of the concept of transparency, exploring its status in the context of fair and equitable treatment (FET), and analysing favourable transparency clauses in the light of renewable energy investment considerations. Full article

To cope with the increasing energy demand of people and solve the problem of a “Garbage Siege”, most cities have begun to adopt waste power generation (WTE). Compared to other WTE technologies, incineration has proven to be the most efficient technology for municipal solid waste (MSW) treatment. Therefore, to further explore the economic feasibility of MSW incineration plant construction, this study established a multi-factor prediction of MSW generation based on the GRA-BiLSTM model. By fully considering the relationship between the change in feed-in tariff (FIT) and the building of an incineration plant in Beijing, the economic feasibility of building an incineration plant is discussed based on the three scenarios set. The experimental results showed that (1) the combined model based on the GRA-BiLSTM showed good applicability for predicting MSW generation in Beijing, with MAE, MAPE, RMSE, and R² values of 12.47, 5.97%, 18.5580, and 0.8950, respectively. (2) Based on the three scenarios set, the incineration power generation of Beijing MSW will show varying degrees of growth in 2022–2035. In order to meet future development, Beijing needs to build seven new incinerators, and the incineration rate should reach 100%. (3) According to setting different feed-in tariffs, based on the economic feasibility analysis, it is found that the feed-in tariff of MSW incineration for power generation in Beijing should be no less than $0.522/kWh. The government should encourage the construction of incineration plants and give policy support to enterprises that build incineration plants. Full article

This article studies the relationship between renewable energy stocks’ performance and climate risk. It shows that publicly held renewable energy stocks underperform as a reaction to climate policy information releases, modeled by feed-in tariff (FIT) legislation announcements. The study examined stock price behaviors 2 days before and 30 days after FIT policy announcements. The stock sample used in the study has 3702 firm-day combinations, which included 180 cleantech firms and 32 events from 2007 to 2017. Based on the residual analysis of the sample’s abnormal return, it indicated that the FIT announcements are associated with significant declines in returns. The cumulative abnormal return until Day 18 was a significant −0.83%, while the average abnormal return on the day was −0.16% at normal levels. The study partially excluded the likelihood of a transitory result by varying the measurement horizon. It also adopted both the market model and the Fama–French three-factor models to rule out model misspecification when estimating abnormal returns and thus increased the robustness. In fact, the results were stable to changes in estimating the model’s specifications. In addition, the study compared the portfolio’s performance with mimicking portfolios in terms of size, book-to-market equity (BE/ME), and the firms’ geographic location. It demonstrated that the documented anomaly of the portfolio of renewable energy companies is robust. Full article

Agrivoltaic systems (AVS) allow the simultaneous use of land—as a limited resource—for crop production and electricity generation. This paper introduces the development prospects of AVS in Hungary with insights into international trends. The most important part is a complex economic analysis and a unit cost analysis of a 38 MWp capacity AVS, considering the most typical basic data in electricity and apple production. The applied risk analysis is based on a Monte Carlo simulation, the distribution function, and probabilities. To introduce the economic facet of the competitiveness of AVS, a comparative analysis was carried out between AVS, ground-mounted photovoltaic (GM-PV) systems, and conventional apple production systems (ConAPS). In the most probable scenario, the AVS was financially attractive (NPV = 70 million EUR under 30 years). Our correlation analysis shows that feed-in tariff (FIT) price and the role of financing are considered the dominant economic factors. A favorable FIT price enhances the profitability of AVS; however, it makes GM-PV systems more profitable compared to AVS, so it negatively affects the competitiveness of AVS systems. AVS operations result in a more balanced unit cost of apples and of electricity compared to the independent operation of GM-PV systems and of ConAPS; in addition, it allows for land saving and more intensive land use. Full article

In recent years, sustainability initiatives and the prominence of renewables have emerged as pivotal priorities in addressing environmental, ecological, and socioeconomic challenges. Within this context, green certificates—representing proof of electricity generation from renewable sources—have gained substantial recognition, enabling organizations to demonstrate their commitment to clean energy. This study employs a bibliometric analysis to chart the evolution and current state of green certificates research. Drawing from the Scopus database, we sourced bibliographic data, resulting in a refined dataset of 940 documents spanning from 2000 to 2022. Through performance analysis, we systematically evaluated the landscape of green certificates research, assessing publication trends, identifying influential works, spotlighting prolific authors, highlighting leading academic institutions, mapping regional research hotspots, and pinpointing the top publishing journals in the domain. Employing science mapping techniques—such as co-authorship networks, keyword co-occurrence analysis, and bibliographic coupling—we delineated the collaborative patterns and the conceptual and intellectual structure of the field. This was further augmented by content analysis, revealing four salient research themes, emphasizing the consistent and central focus on support mechanisms and policies for renewable energy sources, sustainable renewable technologies and market dynamics, technological innovations and green certificate trading, and renewable energy sources investment strategies. Building on these findings, the paper concludes by outlining practical implications and prospective research avenues. These encompass a detailed understanding of renewable energy support mechanisms, the pivotal role of electricity disclosure in enhancing transparency, and the transformative potential of emergent technologies, such as artificial intelligence and blockchain, in the green certificate trading landscape. The research also emphasizes the fundamental role of guarantees of origin in advancing sustainability goals, the dynamic discourse on green hydrogen certification standards, and the intricate dynamics of trading mechanisms in shaping investment strategies. Full article