Economic generation mix for commercial building

The growing population has added a burden to the existing power generation station. So what if the demand by the people exceeds the generation capability. The consequence is power deficiency. The world has to remain in dark weighing down the economy of the country. The alternative solution for this is generation mix. Now a day´s commercial building is increasing at a greater pace. So in addition to generation mix we are thinking of making it economic. Economic is in the sense of reducing the grid dependency of a commercial building. Through this the cost incurred by a commercial building can be minimized to a greater extent, which can be utilized for some additional utilities. Generation mix includes the ultimate energy coming from sun, wind, tidal, geo-thermal, bio-gas, bio-mass. In this paper, aims at encouraging the use of renewable energy sources such as Wind and Solar, available with the commercial building along with grid connection. A case study of National Institute of Science & Technology (NIST), Berhampur, Odisha, has been considered to validate the efficacy of the proposed methodology and the result is estimated mathematically and verified through the renewable Simulink Software Homer V 2.81 incorporating present load and forecasted load for 4 years of planning horizon.