Economic Analysis of Power Grid Interconnections Among Europe, North-East Asia, and North America With 100% Renewable Energy Generation
| Autor: | Cong Wu, Xiao-Ping Zhang, Michael J. H. Sterling |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Transcontinental electricity interconnection
ultra high voltage direct current (UHVDC) renewable energy sources electricity storage economic analysis time difference dependent complementary characteristics Distribution or transmission of electric power TK3001-3521 Production of electric energy or power. Powerplants. Central stations TK1001-1841 |
| Zdroj: | IEEE Open Access Journal of Power and Energy, Vol 8, Pp 268-280 (2021) |
| Druh dokumentu: | article |
| ISSN: | 2687-7910 |
| DOI: | 10.1109/OAJPE.2021.3085776 |
| Popis: | In this paper, we investigate whether the interconnection of power grids with 100% renewable energy generation can bring greater economic benefits now that the technology exists for high power, long distance Ultra High Voltage Direct Current transmission. Based on multi-year historical weather data and demand series, this study compares eight interconnection schemes for three regional grids in Europe, North-East Asia, and North America where there is around 8-hour time difference between any of the two regions. Sensitivity analyses are presented with respect to infrastructure capital cost and different weather year which show that interconnection yields a reduction of approximately 18% in the total annual system cost. The results in this paper also indicate that the regional levelized cost of electricity (LCOE) drops by 31%, 10%, and 10% for Europe, North-East Asia and North America, respectively. It is concluded that there is a strong incentive through both annual cost saving and regional LCOE drop in favour of full long-distance interconnections between the three regions in the context of the international drive towards a net-zero strategy. |
| Databáze: | Directory of Open Access Journals |
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