EURO 2024 Copenhagen
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1844. A Strategic Framework for Maximizing Utilization of Minigrids in India: Achieving Financial Sustainability and Productive Energy Integration

Invited abstract in session WD-22: Empowering Energy Access, stream Energy Management.

Wednesday, 14:30-16:00
Room: 81 (building: 116)

Authors (first author is the speaker)

1. Madhav Sharma
Industrial and Management Engineering, Indian Institute of Technology Kanpur
2. Anoop Singh
Department of Management Science (DOMS), Indian Institute of Technology Kanpur (IITK)

Abstract

Ensuring affordable and reliable access to energy in rural communities remains a critical challenge for achieving Sustainable Development Goal 7 (SDG7). Minigrids (MGs) powered by renewable energy (RE) sources offer a potential solution, but their long-term financial sustainability remains a hurdle. This paper proposes a novel approach employing strategic optimization to enhance MG financial viability through the integration of productive use of energy (PUE). The framework meticulously sizes MGs and generation technologies (solar PV, biomass, etc.) to align with varying seasonal consumer demands. This optimization approach aims to match periods of low-capacity utilization with peak energy processing activities, consequently reducing the levelized cost of electricity (LCOE) for MG users. The benefits are twofold: increased capacity utilization and reduced operational costs, leading to significantly lower consumer tariffs. Through a comprehensive case study, this research demonstrates the effectiveness of strategic optimization in meeting energy needs while ensuring the long-term financial viability of MGs. Notably, the findings emphasize the critical role of improved capacity utilization in fostering MG financial sustainability. This research offers valuable insights for policymakers, practitioners, and stakeholders in the RE sector, demonstrating the potential of optimally designed MGs to drive lasting positive change in rural communities.

Keywords

Status: accepted

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