In this project, you are asked to design a hybrid PV-wind energy system to serve electricity demand of a neighborhood The goal is to find optimal PV and wind turbine capacities under the cost and constraints described below: Representative average annual data is given at 1 hr increments in the following files: . irradiation.xls hourly irradiation data (W/m) windspeed.xlsx : hourly wind speed data (m/s) demand.xlsx hourly load data (kWh) ambient.xlsx hourly ambient temperature (C) Models for wind turbine generation and PV generation are provided in getGeneration.m file. Ignore inverter, charge regulator and energy storage components. Costs: The cost of PV system is given as 5800 S/kWp. The cost of wind turbine is 3000 S/kW-rated, Cost of buying energy from grid is 0.5 $/kWh. Please note that the system is not allowed to sell power to the grid, any excess energy generation is dumped. Formulate the objective function so as to minimize the overall cost investment + operational cost) of the system for a lifetime of 20 years (assume the same data for all years). Constraints: Total annual PV generation must be at least 20% of the total annual wind turbine generation. Total annual PV and Wind turbine generation must meet at least 50% of the total yearly demand. Tasks: Formulate the optimization problem, clearly state the decision variables, objective function and constraints: 1. Solve using Matlab nonlinear programming routine fmincon. 2. Solve using one of the evolutionary/heuristic search algorithms - GA, PSO or DE. Submit a pdf report with your formulation and results, as well as all your Matlab code with proper comments. In this project, you are asked to design a hybrid PV-wind energy system to serve electricity demand of a neighborhood The goal is to find optimal PV and wind turbine capacities under the cost and constraints described below: Representative average annual data is given at 1 hr increments in the following files: . irradiation.xls hourly irradiation data (W/m) windspeed.xlsx : hourly wind speed data (m/s) demand.xlsx hourly load data (kWh) ambient.xlsx hourly ambient temperature (C) Models for wind turbine generation and PV generation are provided in getGeneration.m file. Ignore inverter, charge regulator and energy storage components. Costs: The cost of PV system is given as 5800 S/kWp. The cost of wind turbine is 3000 S/kW-rated, Cost of buying energy from grid is 0.5 $/kWh. Please note that the system is not allowed to sell power to the grid, any excess energy generation is dumped. Formulate the objective function so as to minimize the overall cost investment + operational cost) of the system for a lifetime of 20 years (assume the same data for all years). Constraints: Total annual PV generation must be at least 20% of the total annual wind turbine generation. Total annual PV and Wind turbine generation must meet at least 50% of the total yearly demand. Tasks: Formulate the optimization problem, clearly state the decision variables, objective function and constraints: 1. Solve using Matlab nonlinear programming routine fmincon. 2. Solve using one of the evolutionary/heuristic search algorithms - GA, PSO or DE. Submit a pdf report with your formulation and results, as well as all your Matlab code with proper comments
