Technical and economic viability of the installation of a hybrid solar-wind generation system in a Brazilian industry

ABSTRACT

Abstract The demand for electricity is growing worldwide. At the same time, the non-renewable natural resources that account for a large proportion of the global energy matrix are rapidly depleting, which will pose a major challenge in the near future. Therefore, micro-grid models that use renewable energy sources, such as solar and wind, are rapidly developing and are becoming economically viable alternatives. The objective of this study was to evaluate the economic viability of installing solar and wind power generation systems in the NOVVALIGHT electrical components factory located in Campo Largo, Paraná, Brazil. The most viable model was the combination of solar and wind energy, which would generate approximately 260 MWh of energy per year. Using financing provided by the Brazilian Bank for Economic and Social Development (BNDES), this proposal has an eight-year payback period, net present value of BRL 149,097.42, and internal rate of return of 18%, demonstrating its economic viability.