Sizing hybrid power plants under round-the-clock tender compliance in India

Elisabeth Andreae; Tue Vissing Jensen; Daniel Esteban Morales Bondy; Kai Heussen

doi:10.1109/REST54687.2022.10022596

Sizing hybrid power plants under round-the-clock tender compliance in India

Elisabeth Andreae, Tue Vissing Jensen, Daniel Esteban Morales Bondy, Kai Heussen

Vestas Wind Systems AS

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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Abstract

India aims to quadruple its renewable electricity capacity by 2030, using auction-based renewable power tenders as a mechanism to achieve that goal. We formulate an optimization problem to optimise a power producer's plant sizing for this tariff-based bidding process. The outcome is an investment optimisation model for a hybrid power system that complies with the specific Round-the-Clock tender criteria. Results indicate that the invitation to tender incentivises investment in renewable power instead of conventional thermal coal power, increasing the renewable power capacity share by a factor of 1.5 when flexibility is added to the firm capacity conditions. Further, the optimal investment outcome shows a critical dependence on the specific tender parameters.

Original language	English
Title of host publication	Proceedings of 2022 International Conference on Renewable Energies and Smart Technologies (REST)
Number of pages	6
Publisher	IEEE
Publication date	2023
ISBN (Electronic)	978-1-6654-0971-1
DOIs	https://doi.org/10.1109/REST54687.2022.10022596
Publication status	Published - 2023
Event	2022 International Conference on Renewable Energies and Smart Technologies - Polytechnic University of Tirana, Tirana, Albania Duration: 28 Jul 2022 → 29 Jul 2022 https://ic-rest.org/

Conference

Conference	2022 International Conference on Renewable Energies and Smart Technologies
Location	Polytechnic University of Tirana
Country/Territory	Albania
City	Tirana
Period	28/07/2022 → 29/07/2022
Internet address	https://ic-rest.org/

Series	2022 International Conference on Renewable Energies and Smart Technologies (rest)

Keywords

Renewable Energy
Tender
Operations research
Hybrid power plant

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/REST54687.2022.10022596

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title = "Sizing hybrid power plants under round-the-clock tender compliance in India",

abstract = "India aims to quadruple its renewable electricity capacity by 2030, using auction-based renewable power tenders as a mechanism to achieve that goal. We formulate an optimization problem to optimise a power producer's plant sizing for this tariff-based bidding process. The outcome is an investment optimisation model for a hybrid power system that complies with the specific Round-the-Clock tender criteria. Results indicate that the invitation to tender incentivises investment in renewable power instead of conventional thermal coal power, increasing the renewable power capacity share by a factor of 1.5 when flexibility is added to the firm capacity conditions. Further, the optimal investment outcome shows a critical dependence on the specific tender parameters.",

keywords = "Renewable Energy, Tender, Operations research, Hybrid power plant",

author = "Elisabeth Andreae and Jensen, {Tue Vissing} and Bondy, {Daniel Esteban Morales} and Kai Heussen",

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doi = "10.1109/REST54687.2022.10022596",

language = "English",

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booktitle = "Proceedings of 2022 International Conference on Renewable Energies and Smart Technologies (REST)",

publisher = "IEEE",

address = "United States",

note = "2022 International Conference on Renewable Energies and Smart Technologies, 2022 REST ; Conference date: 28-07-2022 Through 29-07-2022",

url = "https://ic-rest.org/",

}

Andreae, E, Jensen, TV, Bondy, DEM & Heussen, K 2023, Sizing hybrid power plants under round-the-clock tender compliance in India. in Proceedings of 2022 International Conference on Renewable Energies and Smart Technologies (REST). IEEE, 2022 International Conference on Renewable Energies and Smart Technologies (rest), 2022 International Conference on Renewable Energies and Smart Technologies, Tirana, Albania, 28/07/2022. https://doi.org/10.1109/REST54687.2022.10022596

Sizing hybrid power plants under round-the-clock tender compliance in India. / Andreae, Elisabeth; Jensen, Tue Vissing; Bondy, Daniel Esteban Morales et al.
Proceedings of 2022 International Conference on Renewable Energies and Smart Technologies (REST). IEEE, 2023. (2022 International Conference on Renewable Energies and Smart Technologies (rest)).

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

TY - GEN

T1 - Sizing hybrid power plants under round-the-clock tender compliance in India

AU - Andreae, Elisabeth

AU - Jensen, Tue Vissing

AU - Bondy, Daniel Esteban Morales

AU - Heussen, Kai

PY - 2023

Y1 - 2023

N2 - India aims to quadruple its renewable electricity capacity by 2030, using auction-based renewable power tenders as a mechanism to achieve that goal. We formulate an optimization problem to optimise a power producer's plant sizing for this tariff-based bidding process. The outcome is an investment optimisation model for a hybrid power system that complies with the specific Round-the-Clock tender criteria. Results indicate that the invitation to tender incentivises investment in renewable power instead of conventional thermal coal power, increasing the renewable power capacity share by a factor of 1.5 when flexibility is added to the firm capacity conditions. Further, the optimal investment outcome shows a critical dependence on the specific tender parameters.

AB - India aims to quadruple its renewable electricity capacity by 2030, using auction-based renewable power tenders as a mechanism to achieve that goal. We formulate an optimization problem to optimise a power producer's plant sizing for this tariff-based bidding process. The outcome is an investment optimisation model for a hybrid power system that complies with the specific Round-the-Clock tender criteria. Results indicate that the invitation to tender incentivises investment in renewable power instead of conventional thermal coal power, increasing the renewable power capacity share by a factor of 1.5 when flexibility is added to the firm capacity conditions. Further, the optimal investment outcome shows a critical dependence on the specific tender parameters.

KW - Renewable Energy

KW - Tender

KW - Operations research

KW - Hybrid power plant

U2 - 10.1109/REST54687.2022.10022596

DO - 10.1109/REST54687.2022.10022596

M3 - Article in proceedings

T3 - 2022 International Conference on Renewable Energies and Smart Technologies (rest)

BT - Proceedings of 2022 International Conference on Renewable Energies and Smart Technologies (REST)

PB - IEEE

T2 - 2022 International Conference on Renewable Energies and Smart Technologies

Y2 - 28 July 2022 through 29 July 2022

ER -

Sizing hybrid power plants under round-the-clock tender compliance in India

Abstract

Conference

Keywords

UN SDGs

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