Cost optimal share of wind power, PV and batteries

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

Abstract

A chronological multi-area generation planning model is used to investigate the influence of low-cost batteries on the cost-optimal share of wind power and photovoltaics (PV) under varying assumptions about their future investment costs. The analysis is performed in two different geographic locations that have a large difference in the solar resource. The results from around 400 scenario runs demonstrate to what extent lower investment costs mitigate the resource variability. In this regard, PV is more sensitive than wind power. Given the assumptions utilized, the model starts to invests in PV at much higher cost levels in Iberia (~1050 /kW) than in Northern Europe (~400 /kW). Furthermore, in Iberia batteries benefit PV strongly (already at 300 /kWh) while in Northern Europe batteries are not as relevant, since PV has a strong seasonal variation that cannot be economically mitigated with batteries and the region already has high amounts of flexible reservoir hydro power.
Original languageEnglish
Title of host publication14th Wind Integration Workshop, Proceedings
EditorsUta Betancourt, Thomas Ackermann
PublisherEnergynautics GmbH
Number of pages6
ISBN (Print)978-3-9816549-1-2
Publication statusPublished - 2015
MoE publication typeB3 Non-refereed article in conference proceedings
Event14th International Workshop on Large-scale Integration of Wind Power into Power Systems as well as on Transmission Networks for Offshore Wind Power Plants, WIW2015 - Brussels, Belgium
Duration: 20 Oct 201522 Oct 2015
Conference number: 14

Workshop

Workshop14th International Workshop on Large-scale Integration of Wind Power into Power Systems as well as on Transmission Networks for Offshore Wind Power Plants, WIW2015
Abbreviated titleWIW2015
CountryBelgium
CityBrussels
Period20/10/1522/10/15

Fingerprint

Wind power
Costs
Planning

Keywords

  • power system planning
  • photovoltaics (PV)
  • wind power
  • battery storage
  • energy storage
  • variable generation

Cite this

Kiviluoma, J., Azevedo, M., Rinne, E., & Helistö, N. (2015). Cost optimal share of wind power, PV and batteries. In U. Betancourt, & T. Ackermann (Eds.), 14th Wind Integration Workshop, Proceedings Energynautics GmbH.
Kiviluoma, Juha ; Azevedo, Miguel ; Rinne, Erkka ; Helistö, Niina. / Cost optimal share of wind power, PV and batteries. 14th Wind Integration Workshop, Proceedings. editor / Uta Betancourt ; Thomas Ackermann. Energynautics GmbH, 2015.
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Kiviluoma, J, Azevedo, M, Rinne, E & Helistö, N 2015, Cost optimal share of wind power, PV and batteries. in U Betancourt & T Ackermann (eds), 14th Wind Integration Workshop, Proceedings. Energynautics GmbH, 14th International Workshop on Large-scale Integration of Wind Power into Power Systems as well as on Transmission Networks for Offshore Wind Power Plants, WIW2015, Brussels, Belgium, 20/10/15.

Cost optimal share of wind power, PV and batteries. / Kiviluoma, Juha; Azevedo, Miguel; Rinne, Erkka; Helistö, Niina.

14th Wind Integration Workshop, Proceedings. ed. / Uta Betancourt; Thomas Ackermann. Energynautics GmbH, 2015.

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

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AU - Azevedo, Miguel

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N1 - 14th Wind Integration Workshop Abstract reviewed SDA: MIP:Intelligent Energy Grids Project : 104775

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AB - A chronological multi-area generation planning model is used to investigate the influence of low-cost batteries on the cost-optimal share of wind power and photovoltaics (PV) under varying assumptions about their future investment costs. The analysis is performed in two different geographic locations that have a large difference in the solar resource. The results from around 400 scenario runs demonstrate to what extent lower investment costs mitigate the resource variability. In this regard, PV is more sensitive than wind power. Given the assumptions utilized, the model starts to invests in PV at much higher cost levels in Iberia (~1050 /kW) than in Northern Europe (~400 /kW). Furthermore, in Iberia batteries benefit PV strongly (already at 300 /kWh) while in Northern Europe batteries are not as relevant, since PV has a strong seasonal variation that cannot be economically mitigated with batteries and the region already has high amounts of flexible reservoir hydro power.

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KW - photovoltaics (PV)

KW - wind power

KW - battery storage

KW - energy storage

KW - variable generation

M3 - Conference article in proceedings

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Kiviluoma J, Azevedo M, Rinne E, Helistö N. Cost optimal share of wind power, PV and batteries. In Betancourt U, Ackermann T, editors, 14th Wind Integration Workshop, Proceedings. Energynautics GmbH. 2015