Economic Analysis Using Renewable Energy Resources at Different Remote Locations

The majority of nations have started shifting their perspective from fossil fuel resources to other resources in an effort to meet the rising demand for electricity by lowering it all through energy efficiency, even though fossil fuels are still the primary source that is utilized to balance the global supply dynamics of power generation. This study intends to develop a power generation model linked to an HRES combination at different sites in Madhya Pradesh, India, by use of HOMER software programmed. Energy systems have been seen in the research's conclusions. The investigation was conducted in DEWAS, BHOPAL, INDORE, UJJAIN, and MAKSI areas. This location was takes due to approximate wind and solar renewable energy resource data. By using the solar, wind, generator, converter and load components, all the comparison was done on the software HOMER which is only sufficient for this analysis. This manuscript compares and shows the better location for proposed HRES model. On the basis of following factor like COE 0.359, initial cost 398,694, Renewable fraction 94.1%, emission13,351KG/yr, electrical production location. Indore is the best feasible and suitable location among the other four location for the proposed hybrid renewable energy system.