Hybrid Renewable Energy Systems for Sustainable Energy: A Techno-Economic Analysis from Western India

Abstract This paper presents a detailed techno-economic analysis of grid-connected hybrid microgrid systems in Western India, specifically targeting remote regions including Charanka, Samana, Navagam-Kevadia, Vighakot, Methan, and Panadhro. Leveraging the capabilities of HOMER Pro software, the study evaluates various configurations integrating solar photovoltaic systems, wind energy systems, and energy storage systems. The assessment focuses on optimizing energy integration to achieve cost-effective and environmentally sustainable outcomes. Key performance indicators such as net present cost, cost of energy, and grid reliability are analyzed. The findings reveal that hybrid configurations combining solar photovoltaic systems and wind energy systems, supported by energy storage systems, substantially reduce cost of energy and enhance system reliability. Cost of energy values across the studied sites range from INR 4.24 to INR 6.74, demonstrating a viable equilibrium between cost, efficiency, and environmental benefits. This study highlights the scalability of hybrid microgrid systems for renewable energy integration, offering valuable insights for sustainable energy planning and implementation in similar contexts globally.