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A Techno-Economic Study of an Entirely Renewable Energy-Based Power Supply for North America for 2030 Conditions

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  • Arman Aghahosseini

    (Department of Electrical Engineering, School of Energy Systems, Lappeenranta University of Technology, Skinnarilankatu 34, Lappeenranta 53850, Finland)

  • Dmitrii Bogdanov

    (Department of Electrical Engineering, School of Energy Systems, Lappeenranta University of Technology, Skinnarilankatu 34, Lappeenranta 53850, Finland)

  • Christian Breyer

    (Department of Electrical Engineering, School of Energy Systems, Lappeenranta University of Technology, Skinnarilankatu 34, Lappeenranta 53850, Finland)

Abstract

In this study power generation and demand are matched through a least-cost mix of renewable energy (RE) resources and storage technologies for North America by 2030. The study is performed using an hourly resolved model based on a linear optimization algorithm. The geographical, technical and economic potentials of different forms of RE resources enable the option of building a super grid between different North American regions. North America (including the U.S., Canada and Mexico in this paper), is divided into 20 sub-regions based on their population, demand, area and electricity grid structure. Four scenarios have been evaluated: region-wide, country-wide, area-wide and an integrated scenario. The levelised cost of electricity is found to be quite attractive in such a system, with the range from 63 €/MWh el in a decentralized case and 42 €/MWh el in a more centralized and integrated scenario. Electrical grid interconnections significantly reduce the storage requirement and overall cost of the energy system. Among all RE resources, wind and solar PV are found to be the least-cost options and hence the main contributors to fossil fuel substitution. The results clearly show that a 100% RE-based system is feasible and a real policy option at a modest cost. However, such a tremendous transition will not be possible in a short time if policy-makers, energy investors and other relevant organizations do not support the proposed system.

Suggested Citation

  • Arman Aghahosseini & Dmitrii Bogdanov & Christian Breyer, 2017. "A Techno-Economic Study of an Entirely Renewable Energy-Based Power Supply for North America for 2030 Conditions," Energies, MDPI, vol. 10(8), pages 1-28, August.
    • Handle: RePEc:gam:jeners:v:10:y:2017:i:8:p:1171-:d:107687
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