Economic Feasibility of Renewable Electricity Generation Systems for Local Government Office: Evaluation of the Jeju Special Self-Governing Province in South Korea
by
,
Eunil Park
1, 
Ki Joon Kim
2,*,
Sang Jib Kwon
3,*,
Taeil Han
1,
Wongi S. Na
1 and
Angel P. Del Pobil
4,5,* 1
Korea Institute of Civil Engineering and Building Technology (KICT), Goyang, Gyeonggi-do 10223, Korea
2
Department of Media and Communication, City University of Hong Kong, Kowloon, Hong Kong, China
3
Department of Business Administration, Dongguk University, Gyeongju, Gyeongsangbuk-do 38066, Korea
4
University Jaume-I, Avenida de Vicent Sos Baynat, s/n, 12071 Castelló de la Plana, Spain
5
Department of Interaction Science, Sungkyunkwan University, 25-2 Sungkyunkwan-ro, Jongno-gu, Seoul 04620, Korea
*
Authors to whom correspondence should be addressed.
Sustainability 2017, 9(1), 82; https://doi.org/10.3390/su9010082
Submission received: 20 September 2016
/
Revised: 28 December 2016
/
Accepted: 3 January 2017
/
Published: 9 January 2017
(This article belongs to the Section Economic and Business Aspects of Sustainability)
Abstract
:While environmental and energy concerns have become global issues, the government of South Korea has made notable efforts and formulated plans for the diffusion of renewable energy generation facilities for the nation’s public and governmental institutions. Accordingly, Jeju Island has become one of the most promising locations for utilizing renewable energy resources. This study aims to propose potential configurations for renewable energy generation facilities (mainly solar and wind energy facilities) in response to the electricity demand of the main local governmental offices of Jeju Special Self-Governing Province. The study utilizes the hybrid optimization of multiple energy resources software to simulate two optimized configurations for generation at a cost of energy of $0.306 per kWh (independent) and $0.204 per kWh (grid-connected) with 100% renewable fraction for the island. The implications of the simulation results and limitations of the study are discussed.
1. Introduction
The Act on The Promotion of the Development, Use and Diffusion of New and Renewable Energy was revised in 2013 and, since then, it has played a primary role in supporting the renewable energy industry by obligating newly established buildings with a total floor area of more than 3000 m2 to invest at least 5% of the entire construction cost in a renewable energy system [1]. The Act has been strictly executed, especially with regard to national and local government institutions and offices. Under this Act, the South Korean government initiated the Renewable Energy Portfolio Standard (RPS) and Feed-in-Tariff (FIT) programs, which require electricity suppliers to provide a minimum ratio of their electricity demand via appropriate renewable energy resources [2]. In addition, the government exerted significant effort to install and operate a sustainable electricity system by exploiting solar heat, sunlight, wind power, geothermal heat, and tidal power [3]. Moreover, the South Korean government has stipulated that both public and private sectors should actively participate in the distribution of renewable energy generation facilities and focus on meeting the citizens’ electricity demands [3]. Therefore, the majority of newly installed electricity generation systems now include some sort of renewable electricity generation facilities [4].
The Act also states that the obligatory energy supply ratio of public institution buildings should be increased to more than 30% by 2020 [2]. Table 1 shows the target ratio of the South Korean government suggested by the Act. The Act includes 20-year promotion plans for renewable and sustainable energy diffusion and aims to identify strategic support locations having promising renewable resources [3]. However, the contribution of renewable energy generation facilities on the national energy production in 2015 is significantly lower than the suggested level (4.54%) [5]. Several islands in these locations have installed independent micro-grid systems, which can be independently operated without the grid connection, replacing their diesel generators run with fossil fuels. A number of studies in the literature have examined the efficiency of such installations. For example, Yoo and his colleagues tested the economic feasibility of independent electricity generation systems for Ulleung Island, one of the far eastern islands in Korea [6]. They proposed an optimized configuration of systems for generation at a cost of energy (COE) of $0.344 per kWh with a 97% renewable fraction (“the ratio of the electricity production of renewable energy generation facilities to the total amount of electricity production”) [6]. Bae and Shim [7] examined the case of Hong-do Island in Korea, and proposed a wind-hybrid energy system consisting of two wind-turbine models and a single diesel generator. These configurations showed a COE of $0.303–$0.313 per kWh with an 84% renewable fraction.
In addition to the cases of these islands, several studies have investigated the feasibility of using renewable energy generation systems in Korea’s interior locations. For example, Choi and colleagues investigated a photovoltaic (PV)-oriented energy generation system for grid-connected semiconductor factories in Korea [8]. They proposed a PV-hybrid electricity system utilizing PV arrays and battery units that generated at a COE of $0.668 per kWh and reduced emissions by more than 250,000 kg of carbon dioxide, 2.8 kg of unburned hydrocarbons, and 1.4 kg of nitrogen oxides per year.
The local government of Jeju Province has been particularly active in implementing policies to promote and support the shift to renewable energy (e.g., using subsidies and tax reduction). Jeju has initiated the “Carbon-Free Island Jeju by 2030” plan to make the island 100% carbon free by 2030. The first stage of the plan has already made Gapa Island (a small island located south of Jeju) completely carbon free, and the island’s diesel generators have been replaced with new and renewable energy grids (mainly solar and wind energy). Jeju continues to implement its carbon-free policies and proposes to achieve more than a 50% renewable fraction, establish smart-grid systems, and utilize wind turbines to generate more than 2 GW of electricity (capacity-oriented) for the island [9]. Ultimately, both the national and local governments plan to disseminate renewable energy infrastructure throughout Jeju so as to supply approximately 330 MW and 850 MW by 2020 and 2030, respectively [10].
In order to find a way to further expedite and promote renewable energy plans in Jeju Special Self-Governing Province, this study develops a renewable energy-generation configuration for government offices in the island and proposes two optimal configurations for both independent and grid-connected systems. The proposed configurations are verified via the hybrid optimization of multiple energy resources (HOMER) software, a simulation tool developed in the United States by the National Renewable Energy Laboratory (NREL); this software allows for analyzing and designing simulated energy generation systems with a large number of economic and technical parameters. Table 2 shows the inputted parameters and potential outcomes of using the HOMER software.
The remainder of the article is organized as follows: Section 2 reviews the current status of the main offices of Jeju Special Self-Governing Province; Section 3 presents background information for the simulation in this study; Section 4 discusses the guidelines and simulation results; and, finally, Section 5 presents the implications and conclusions of the study.
2. Main Government Offices of Jeju Special Self-Governing Province
2.1. Geographical Location and Facilities
2.2. Load Information
The electricity supply of the main offices of Jeju Province is operated by the grid system of Jeju Island, and this system is connected to the South Korean national grid system. The electricity consumption data for this study are collated from the local government of Jeju Province and the Korea Electric Power Corporation databases in 2015 [6,7,8]. Figure 2 shows the seasonal profile of the electricity load of the main offices; the average electricity demand of the offices is 7948 kWh/d and 331 kW, with a peak demand of 435 kW. Thus, the load factor is calculated as 0.761.
2.3. Solar Resource Information
We use the solar resource data organized by the monthly solar radiation and solar clearness index for our simulation. The data are collected from the National Aeronautics and Space Administration database [6,7,8,10]. The annual radiation and clearness index are 4.190 kWh/m2/d and 0.496, respectively. Figure 3 shows the annual solar resource information for the main offices of Jeju Province.
2.4. Wind Resource Information
For information on wind resources at the main offices, this simulation uses data provided by the Korea Meteorological Administration (for ground level) and the National Aeronautics and Space Administration (for 50-m level). Note that the actual hub height of the turbines is 25-m, but the wind speed data provided are only for the 50-m level [6,7,11]. Therefore, the mean of the wind speed between the ground and 50-m levels is calculated to yield the wind speed at the 25-m level (4.964 m/s). The annual wind speed information for the main offices of Jeju Province is depicted in Figure 4.
3. Simulation Background
3.1. Annual Real Interest Rate
As Dursun has shown [13], the annual real interest rate is one of the essential economic inputs required for accurate output of the HOMER software. HOMER software is one of the hybrid renewable systems thhat can be used to present the efficiency and feasibility of renewable electricity generation systems for remote or isolated areas. The annual real interest rate is defined as “the difference between the anticipated inflation rate and the long-term nominal interest rate” [13,14]. From the calculations of previous studies [6,13], this study takes 3.02% as the annual real interest rate for our simulation.
3.2. Economic Evaluation Outputs: COE and NPC
This study uses two simulation outputs as evaluation criteria for testing the feasibility of optimal configurations: COE and NPC (net present cost). COE is defined as “the mean cost of generating 1 kWh electricity from a particular configuration” [6,13,15,16], and NPC is defined as “the difference of the current worth of all cost inflows and outflows over a particular time period” [6,13,17]. In addition, the renewable fraction of the suggested configuration is assumed to be 100% if the configuration is designed for an independent electricity generation system [18].
3.3. Other Assumptions for the Simulation
From previous economic feasibility studies for electricity generation systems [2,4,6], the project lifetime is assumed to be 25 years [19]. In addition, given that the current system (grid connection) for the main offices of Jeju Province does not incur additional capital and management costs, the system fixed capital costs, as well as operation and management costs, are assumed to be zero.
3.4. Information on Cost of Components
In order to propose an optimal configuration for renewable electricity generation systems for the main offices of Jeju Province, the study needs information on the cost of potential components for the configuration. Given that the current simulation configuration involves PV arrays, wind turbines, an electrical converter, and batteries as potential components, our simulation has to consider the detailed information on the cost of each component. The installation and replacement costs of PV arrays are assumed to be $1050 per kW, with an annual operation and management cost of $20 per kW. The capacity of PV arrays is believed to range from 0 to 10,000 kW in steps of 5 kW. In addition, the operational lifetime, derating factor, and ground reflectance of PV arrays are known to be 20 years, 80%, and 20%, respectively [16,20].
A generic 10-kW turbine is one of the potential components for the simulation. The capital and replacement costs of two generic wind turbines are respectively $29,000 and $25,000, and the annual operation and management cost is $400. For the turbine, the simulation assumes a 15-year lifetime, with 25 m of hub height. The capacity of the component is assumed to range from 0 to 500 turbines, in steps of two turbines [6,13].
A WES 5 Tulipo turbine is another possible component for the simulation. This turbine has a capacity of 2.5 kW AC of rated power. The capital and replacement costs of the turbines are $5000 and $4000, respectively. The operation and management cost of the turbine is assumed to be $50 per year [19]. The number of turbines simulated in this study ranges from 0 to 500, with an increment of two turbines (0, 2, 4, …, 500). The simulation assumes a 15-year lifetime and 25-m hub height.
A Surrette 6CS25P battery is another component used in our simulation. The capital cost and replacement cost for one battery unit are $1100 and $1000, respectively [19]. The battery has a nominal voltage of 6 V, a nominal capacity of 1156 Ah and 6.94 kWh, and a lifetime throughput of 9645 kWh. The range simulated is from 0 to 10,000 batteries in steps of five batteries (0, 5, 10, …, 10,000).
An electrical converter is essential to establishing a link between AC and DC components. The capital and replacement cost per kW is $700 each, with an annual operation and management cost of $10. The efficiency ratios of inverter and rectifier inputs are 90% and 85%, respectively [19,21]. The lifetime assumed is 15 years, with 100% capacity relative to inverter. The range simulated is from 0 to 3000 kW in steps of 5 kW (0, 5, 10, …, 3000).
The current grid connection also has a role to play in developing an optimal configuration. Given that the main government offices of Jeju Province spent approximately $380,000 for electricity usage in 2013, the simulation applies $0.137 of the purchase and sell-back price from the grid connection. The purchase capacity is assumed to range from 0 to 30,000 kW.
4. Renewable Electricity Generation System
The current study proposes both an independent (Section 4.1), and a grid-connected renewable power generation systems (Section 4.2) for government offices of Jeju Province by utilizing local renewable resources. Therefore, two simulation sets are conducted.
4.1. Simulation Result 1: An Independent Case
As potential configuration for the independent renewable electricity generation system, the simulation proposes a PV arrays-wind turbine (type 1: Generic 10 kW)-batteries-converter combination. The independent optimal configuration is presented in Table 3 and Figure 5. The total net present cost, annual operating cost, and COE of the configuration are $15,467,821, $370,600, and $0.306 per kWh, respectively, with a 100% renewable fraction. Table 4 shows the total and annual consumed costs of configuration. Figure 6 summarizes the cash flow of the configuration, and Table 5 provides the electricity production information. The annual electricity production is summarized in Figure 7.
4.2. Simulation Result 2: A Grid-Connected Case
The PV arrays-wind turbine (type 1: Generic 10 kW)-batteries-converter combination is also used for the configuration of the grid-connected renewable electricity generation system. The optimized configuration of the case is shown in Table 6 and Figure 8. The total net present cost, annual operating cost, and COE of the configuration are $10,290,188, $–13,112, and $0.204 per kWh, respectively, with a 100% renewable fraction. Thus, the grid-connected case can be beneficial in the long-term. Table 7 shows the total and annual consumed cost of configuration. Figure 9 summarizes the cash flow of the configuration, while Table 8 provides the electricity production information. The annual electricity production is summarized in Figure 10. Moreover, Table 9 clearly shows that a significant amount of produced electricity can be purchased through the grid connection.
In sum, the simulation results indicate that the PV arrays-wind turbine (type 1: Generic 10 kW)-batteries-converter combination achieves a COE of $0.306 per kWh and $0.204 per kWh for the independent case and grid-connected optimal renewable electricity generation systems, respectively. Further, the results show that the proposed configuration helps to reduce the operating cost to below zero and lower the total NPC to below the initial capital cost.
5. Discussion and Conclusions
The South Korean government has implemented plans and policies to reduce their dependency on fossil fuels and nuclear power and to promote the installation of renewable power generation facilities [22]. Thus, the local governments and research institutes also focused on the wide dissemination and efficient management of renewable electricity generation systems in their offices [23,24]. Jeju Island is one of the most promising regions for utilizing renewable resources [25,26,27]. Accordingly, this study conducts simulations to propose both independent and grid-connected installations at the main government offices of Jeju Province, with NPC and COE as evaluation guidelines of the simulations, to further enhance the island’s energy efficiency. Overall, our simulation results provide a more enhanced and detailed understanding of the possible strategies for planning electricity consumption in buildings for South Korea. Moreover, the office annually emits about 190,000 kg of carbon dioxide, 800 kg of sulfur dioxide, and 400 kg of nitrogen oxides. These emissions can be eliminated when the suggested systems are employed.
Our finding that the grid-connected installation is more efficient than the independent case may be explained in two ways: first, grid connection helps in reducing the initial investments on components. For example, the grid connection can be used as backup storage, thereby reducing the costs on batteries; and second, the operation and management costs of the proposed configurations can be minimized by selling the generated electricity through the existing grid connection. Although the grid connection cannot fully play the role of energy buffer in the system, it can reduce the usage of battery units by using the suggested system. It also reduces the initial capital costs, thereby offering greater flexibility and benefit from installing and operating PV arrays and wind turbines than the independent case.
As the simulation results show, both the cases require a significant amount of initial capital cost. However, the results demonstrate the economic feasibility of renewable electricity generation systems for meeting the electricity demand of Jeju Province. The following points can be useful.
- In order to utilize the grid connection, strategic plans for the gradual installation of renewable electricity generation systems should be established and implemented.
- Dependence on the current grid connection should be gradually reduced.
- The current grid connection should be used for selling the electricity generated using the renewable electricity generation facilities.
However, this study has several shortcomings. First, the local and national supporting plans and policies implemented in South Korea were not considered in the simulation. These are notable plans for promoting the installation and implementation of renewable electricity generation facilities in South Korea. Previous studies have found that such plans are significantly related to the diffusion of facilities [2,26,27]. Second, given that the simulation results are mathematically calculated, alternative configurations involving unexpected factors may significantly affect the results. Third, significantly large investments are required for installing and operating the entire components suggested in the proposed configurations [28]. For example, more than 49% of the total and annual period costs are needed to fully install and operate the suggested capacity of batteries (52.6% in grid-connected and 49.7% in independent cases). Fourth, this study examines only the two wind turbine and PV array models currently used in Jeju Province and neglects other possible energy generation components, such as biomass or geo-thermal energy production facilities. Future studies should address these shortcomings in order to provide more specific guidelines for government and institutional buildings in South Korea.
Acknowledgments
This study was supported by the Dongguk University Research Fund of 2015. Support for the UJI Robotic Intelligence Laboratory is provided in part by Ministerio de Economía y Competitividad (DPI2015-69041-R), by Generalitat Valenciana (PROMETEOII/2014/028) and by Universitat Jaume I (P1-1B2014-52).
Author Contributions
E.P. conducted the investigations and mainly wrote the manuscript. T.H., K.J.K., S.J.K., W.S.N., and A.P.d.P. revised the manuscript and contributed to data presentation.
Conflicts of Interest
The authors declare no conflict of interest.
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Figure 1.
Geographical location of the main government offices of Jeju Province.
Figure 2.
Seasonal profile of the electricity load used in our simulation (collected in 2014).
Figure 3.
Annual solar resource information for the main offices of Jeju Province. Based on the monthly averages of solar resources, the potentiality of PV arrays is computed.
Figure 3.
Annual solar resource information for the main offices of Jeju Province. Based on the monthly averages of solar resources, the potentiality of PV arrays is computed.
Figure 4.
Annual wind speed information for the main offices of Jeju Province (minimum: 4.150 m/s, maximum: 6.211 m/s).
Figure 4.
Annual wind speed information for the main offices of Jeju Province (minimum: 4.150 m/s, maximum: 6.211 m/s).
Figure 5.
Overview of the configuration (an independent case).
Figure 6.
Cash flow summary of the independent case.
Figure 7.
Annual electricity production of the independent case.
Figure 8.
Overview of the configuration (a grid-connected case).
Figure 9.
Cash flow summary of the grid-connected case.
Figure 10.
Annual electricity production of the grid-connected case.
| Year | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|
| Ratio | 12% | 15% | 18% | 21% | 24% | 27% | 30% |
Table 2.
The inputted parameters and outcomes generally generated by the HOMER software [11].
| Inputted Parameters | ||
| Economic | Technical | Environmental |
| Annual real interest rate (%), Capital and operation and management „costs ($), Project lifetime (years), Capacity shortage penalty ($ per kWh), Emissions penalty for carbon dioxide, monoxide, unburned hydrocarbons, particulate matter, sulfur dioxide, nitrogen oxides ($ per ton), Diesel price ($ per liter) PV array, battery, converter, generator, wind and hydro turbines: Capital cost ($), Replacement cost ($), Operation & management cost ($), Lifetime (years) Grid: Price ($ per kWh), Sellback ($ per kWh), Interconnection charge ($), Standby charge ($ per year) | PV array: Derating factor (%), Slope (degrees), Ground reflectance (%) Wind turbine: Hub height (meters), Rated power (kW) Battery: Nominal voltage (V), Nominal capacity (Ah or kWh) Converter: Efficiency (%) Electricity load: Hourly electricity consumption (kW) Generator: Minimum load ratio (%) Grid: Gas emissions (carbon dioxide, carbon monoxide, unburned hydrocarbons, particulate matter, sulfur dioxide, and nitrogen oxides; g per kWh) Hydro turbine: Available head (meters), Design flow rate (liters per second), Minimum and maximum flow ratio (%), Efficiency (%) | Stream flow of hydro resource (liters per second), Monthly average wind speed (m/s), Clearness of solar resource, Daily radiation of solar resource (kWh/m2/d), Latitude and longitude |
| Outcomes | ||
| Economic | Technical | Environmental |
| Total net present costs ($), annualized costs ($ per year) of all components and system in capital, replacement, operation & management, salvage, Cost of energy ($ per kWh), Renewable fraction (%) | Annual electricity production of all components (kWh), Annual electricity consumption and fraction of all components including excess electricity, unmet load, and capacity shortage (kWh, %) PV array, hydro and wind turbine: Rated capacity (kW), Mean, min. and max. output (kW), PV (or wind, hydro) penetration (%), Hours of operation (hours per year), Levelized cost ($ per kWh) Battery: Strings in parallel (#), Nominal capacity (kWh), Lifetime throughput (kWh), Energy in and out (kWh per year), Storage depletion and losses (kWh per year), Annual throughput (kWh per year), Expected life (years) Converter: Mean, minimum, and maximum output (kW), Capacity factor (%), Hours of operation (hours per year), Losses, energy in and out (kWh per year) | Emissions of carbon dioxide, monoxide, unburned hydrocarbons, particulate matter, sulfur dioxide, nitrogen oxides (kg per year) |
Table 3.
The optimized independent renewable electricity generation system for the main offices of Jeju Province.
| Components | Index |
|---|---|
| PV arrays (kW) | 2030 |
| Wind turbines: type 1 (Generic 10 kW; #) | 164 |
| Wind turbines: type 2 (WES 5 Tulipo; #) | 0 |
| Batteries (#) | 3790 |
| Converter (kW) | 480 |
| Operating cost (O and M; $ per year) | 370,600 |
| Initial capital ($) | 9,014,500 |
| Total NPC ($) | 15,467,821 |
| COE ($/kWh) | 0.306 |
| Renewable fraction (%) | 100% |
| Component | Capital ($) | Replacement ($) | O and M ($) | Salvage ($) | Total ($) | |
|---|---|---|---|---|---|---|
| Total Period | PV array | 2,131,500 | 1,180,161 | 706,974 | –763,513 | 3,255,122 |
| Wind turbine: type 1 (Generic 10 kW) | 2,378,000 | 1,315,818 | 571,152 | –326,364 | 3,938,606 | |
| Wind turbine: type 2 (WES 5 Tulipo) | – | – | – | – | – | |
| Battery | 4,169,000 | 4,522,661 | 659,959 | –1,659,283 | 7,692,337 | |
| Converter | 336,000 | 215,666 | 83,583 | –53,492 | 581,757 | |
| System | 9,014,500 | 7,234,306 | 2,021,668 | –2,802,651 | 15,467,821 | |
| Annual Period | PV array | 122,408 | 67,774 | 40,600 | –43,847 | 186,935 |
| Wind turbine: type 1 (Generic 10 kW) | 136,563 | 75,565 | 32,800 | –18,742 | 226,186 | |
| Wind turbine: type 2 (WES 5 Tulipo) | – | – | – | – | – | |
| Battery | 239,417 | 259,727 | 37,900 | –95,289 | 441,755 | |
| Converter | 19,296 | 12,385 | 4800 | –3072 | 33,409 | |
| System | 517,684 | 415,451 | 116,100 | –160,950 | 888,285 |
| Components | Electricity Production (kWh)/Fraction (%) |
|---|---|
| PV arrays | 2,738,148, 45% |
| Wind turbines | 3,290,134, 55% |
| Total | 6,028,282, 100% |
| Quantity | Value (kWh) |
| Excess electricity | 2,524,625 |
| Unmet load | 2192 |
| Capacity shortage | 2887 |
Table 6.
The optimized grid-connected renewable electricity generation system for the main offices of Jeju Province.
| Components | Index |
|---|---|
| PV arrays (kW) | 2860 |
| Wind turbines: Type 1 (Generic 10 kW; #) | 250 |
| Wind turbines: Type 2 (WES 5 Tulipo; #) | 0 |
| Batteries (#) | 2665 |
| Converter (kW) | 1370 |
| Operating cost ($ per year) | –13,112 |
| Initial capital ($) | 10,518,500 |
| Total NPC ($) | 10,290,187 |
| COE ($/kWh) | 0.204 |
| Renewable fraction (%) | 100% |
| Component | Capital ($) | Replacement ($) | O and M ($) | Salvage ($) | Total ($) | |
|---|---|---|---|---|---|---|
| Total Period | PV array | 3,003,000 | 1,662,689 | 996,032 | –1,075,688 | 4,586,033 |
| Wind turbine: type 1 | 3,625,000 | 2,005,819 | 870,658 | –497,506 | 6,003,971 | |
| Wind turbine: type 2 | – | – | – | – | – | |
| Grid | 0 | 0 | –7,369,239 | 0 | –7,369,239 | |
| Battery | 2,931,500 | 3,180,182 | 464,061 | –1,166,752 | 5,408,991 | |
| Converter | 959,000 | 615,546 | 238,560 | –152,675 | 1,660,431 | |
| System | 10,518,500 | 7,464,236 | –4,799,928 | –2,892,621 | 10,290,187 | |
| Annual Period | PV array | 172,456 | 95,485 | 57,200 | –61,774 | 263,367 |
| Wind turbine: type 1 | 208,176 | 115,190 | 50,000 | –28,571 | 344,795 | |
| Wind turbine: type 2 | – | – | – | – | – | |
| Grid | 0 | 0 | –423,200 | 0 | –423,200 | |
| Battery | 168,350 | 182,631 | 26,650 | –67,004 | 310,627 | |
| Converter | 55,073 | 35,349 | 13,700 | –8768 | 95,354 | |
| System | 604,055 | 428,655 | –275,650 | –166,117 | 590,943 |
| Components | Electricity Production (kWh) and Fraction |
|---|---|
| PV arrays | 3,857,697 (43%) |
| Wind turbines | 5,015,423 (57%) |
| Grid purchases | 0 (0%) |
| Total | 8,873,120 (100%) |
| Load | Consumption (kWh per year) and fraction |
| AC primary load | 2,898,654 (48%) |
| Grid sales | 3,078,084 (52%) |
| Quantity | Value (kWh) |
| Excess electricity | 1,985,863 |
| Unmet load | 2351 |
| Capacity shortage | 2893 |
| Month | Energy Sold (kWh) | Net Purchases (kWh) | Energy Charge ($) |
|---|---|---|---|
| January | 284,276 | –284,276 | –39,085 |
| February | 278,046 | –278,046 | –38,228 |
| March | 303,852 | –303,852 | –41,776 |
| April | 256,603 | –256,603 | –35,280 |
| May | 244,526 | –244,526 | –33,619 |
| June | 217,538 | –217,538 | –29,909 |
| July | 199,996 | –199,996 | –27,497 |
| August | 222,079 | –222,079 | –30,533 |
| September | 210,954 | –210,954 | –29,004 |
| October | 272,344 | –272,344 | –37,444 |
| November | 245,480 | –245,480 | –33,751 |
| December | 342,389 | –342,389 | –47,074 |
| Total (annual) | 3,078,084 | –3,078,084 | –423,200 |
© 2017 by the authors; licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC-BY) license (http://creativecommons.org/licenses/by/4.0/).
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MDPI and ACS Style
Park, E.; Kim, K.J.; Kwon, S.J.; Han, T.; Na, W.S.; Del Pobil, A.P. Economic Feasibility of Renewable Electricity Generation Systems for Local Government Office: Evaluation of the Jeju Special Self-Governing Province in South Korea. Sustainability 2017, 9, 82. https://doi.org/10.3390/su9010082
AMA Style
Park E, Kim KJ, Kwon SJ, Han T, Na WS, Del Pobil AP. Economic Feasibility of Renewable Electricity Generation Systems for Local Government Office: Evaluation of the Jeju Special Self-Governing Province in South Korea. Sustainability. 2017; 9(1):82. https://doi.org/10.3390/su9010082
Chicago/Turabian StylePark, Eunil, Ki Joon Kim, Sang Jib Kwon, Taeil Han, Wongi S. Na, and Angel P. Del Pobil. 2017. "Economic Feasibility of Renewable Electricity Generation Systems for Local Government Office: Evaluation of the Jeju Special Self-Governing Province in South Korea" Sustainability 9, no. 1: 82. https://doi.org/10.3390/su9010082
APA StylePark, E., Kim, K. J., Kwon, S. J., Han, T., Na, W. S., & Del Pobil, A. P. (2017). Economic Feasibility of Renewable Electricity Generation Systems for Local Government Office: Evaluation of the Jeju Special Self-Governing Province in South Korea. Sustainability, 9(1), 82. https://doi.org/10.3390/su9010082
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