Sizing photovoltaic-wind smart microgrid with battery storage and grid connection

This paper presents a method used for sizing a hybrid photovoltaic-wind microgrid with battery storage and grid connection with given meteorological data and consumer load characteristic. An application is developed to determine the optimal number of solar panels and batteries. For this purpose loss of power supply probability, LPSP, and levalized cost of energy, LCE, is used. The lowest LCE will be the indicative for the number of solar panels and for the number of batteries. The analysis demonstrates that the cost of energy paid for a kWh decrease with the increasing number of households involved.