Capacity expansion of small isolated power systems using PV and wind energy

Renewable energy is being increasingly utilized in electric power systems d ue to environmental concerns and energy cost escalation associated with the use of conventional energy sources. Photovoltaics and wind energy sources can significantly offset costly fuel in small isolated systems and can also have considerable impact on the system reliability. The utilization of ren ewable energy in capacity planning requires realistic cost/reliability eval uation models that can recognize the highly erratic nature of these energy sources while maintaining the chronology and interdependence of the random variables inherent in them. This paper presents an evaluation model and app lies it to analyze optimum generation expansion of small isolated systems u sing PV and wind energy sources.