Hybrid Renewable PV-DG with DSTATCOM Planning in Reconfigured Distribution Network for Techno-Economic Analysis

The penetration of renewable Photo-Voltaic Distributed Generation (PV-DG) is growing every day because of the current technological evolution in all sectors of society. These evolutions also propose a demand for reactive power. Therefore, to fulfill the increased active & reactive power demand, the scheduling of hybrid PV-DG with DSTATCOM in a reconfigured network is presented in this work. The efficacy of this work is established on a 33-bus IEEE Distribution Network (DN) using TLBO based on a Multi-Objective Minimization Problem (MOMP). This MOMP consists of Active-Power-Loss (APL), Reactive-Power-Loss (RPL), Voltage-Profile-Deviation (VPD), Line Fault Current Level (LFCL), and DN Reliability (DNR). The parameters related to economic benefits are also considered and analyzed such as the Cost of Fixed-Capital-Recovery (CFCR), Cost of Energy-Lost/Loss (CEL), and Cost of Energy-Not-Supplied/Delivered (CENS). To analyze the results three scenario studies are presented, in which it is found that the scenario study-3 performs superior in the perspective of techno-economic benefits, computation, and convergence.