Homer analysis of wind energy for China

Abstract

As an excellent replacement of conventional energy, the alternative energy has gained much popularity around the world. Research has been undertaken by many countries due to its benefits. However, it is still far away from the widespread application because of its high construction cost. Therefore, the simulation for the performance of alternative energy system before the commencement of the construction is significant. As a huge country on land and population, it is more significant for China to explore the availability of alternative energy. In this Project, the HOMER software has been used to perform the simulation work for the wind energy system under different wind speed levels and real interest rates. Based on the simulation, the higher wind speed level may reduce the cost of the wind turbine system and the high real interest rate may make the whole project less expensive. Also, the larger number of wind turbine and battery make the whole system more reliable on the renewable energy and have less negative impact on the environment.