IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v318y2025ics0360544225004542.html
   My bibliography  Save this article

Attractivity analysis of hybrid energy generation based on current energy market scenarios in Brazil

Author

Listed:
  • Croce, Leandro Firme
  • Tiago Filho, Geraldo Lúcio
  • Santos, Ivan Felipe Silva dos
  • Barros, Regina Mambeli

Abstract

Hybrid generation encompasses distinct generation sources with the objective of complementing and guaranteed energy supply in a given system. There is an ongoing search for integrating this system within the Brazilian energy matrix, specifically for hydro, wind, and solar sources, taking the form of Hybrid Generation Power Plants (HGPP). The attractiveness of these operations is evaluated by their technical and economic potential, implementation costs, and electrical energy rates. This analysis can aid decision-making regarding the implementation of these systems, in addition to serving as a determining factor for energy planning in Brazil. The article presents the viability analysis of these systems, supported by the computational tool Homer Pro® and in some economic indicators, such as Net Present Value (NPV) and Levelized Cost of Energy (LCOE), as well as the capacity factor and economic fluctuations. NPV distinguishes the HGPP which can be used in the adopted conditions, while LCOE reflects the reality in the studied locations and installations. The sensitivity study defined the initial investment and energy generation as the main change-promoting variables for these systems. The capacity factor analysis provided complementarity analysis between sources, especially in the most attractive regions of the South, Southeast, and Northeast of Brazil.

Suggested Citation

  • Croce, Leandro Firme & Tiago Filho, Geraldo Lúcio & Santos, Ivan Felipe Silva dos & Barros, Regina Mambeli, 2025. "Attractivity analysis of hybrid energy generation based on current energy market scenarios in Brazil," Energy, Elsevier, vol. 318(C).
    • Handle: RePEc:eee:energy:v:318:y:2025:i:c:s0360544225004542
    DOI: 10.1016/j.energy.2025.134812
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544225004542
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2025.134812?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Bueno, C. & Carta, J.A., 2006. "Wind powered pumped hydro storage systems, a means of increasing the penetration of renewable energy in the Canary Islands," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(4), pages 312-340, August.
    2. de Jong, P. & Sánchez, A.S. & Esquerre, K. & Kalid, R.A. & Torres, E.A., 2013. "Solar and wind energy production in relation to the electricity load curve and hydroelectricity in the northeast region of Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 23(C), pages 526-535.
    3. Olabi, A.G. & Abdelkareem, Mohammad Ali, 2022. "Renewable energy and climate change," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    4. Ogunmodede, Oluwaseun & Anderson, Kate & Cutler, Dylan & Newman, Alexandra, 2021. "Optimizing design and dispatch of a renewable energy system," Applied Energy, Elsevier, vol. 287(C).
    5. Zheng, Jianqin & Du, Jian & Wang, Bohong & Klemeš, Jiří Jaromír & Liao, Qi & Liang, Yongtu, 2023. "A hybrid framework for forecasting power generation of multiple renewable energy sources," Renewable and Sustainable Energy Reviews, Elsevier, vol. 172(C).
    6. Han, Shuo & He, Mengjiao & Zhao, Ziwen & Chen, Diyi & Xu, Beibei & Jurasz, Jakub & Liu, Fusheng & Zheng, Hongxi, 2023. "Overcoming the uncertainty and volatility of wind power: Day-ahead scheduling of hydro-wind hybrid power generation system by coordinating power regulation and frequency response flexibility," Applied Energy, Elsevier, vol. 333(C).
    7. Sahu, Alok & Yadav, Neha & Sudhakar, K., 2016. "Floating photovoltaic power plant: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 815-824.
    8. Khosravi, A. & Koury, R.N.N. & Machado, L. & Pabon, J.J.G., 2018. "Energy, exergy and economic analysis of a hybrid renewable energy with hydrogen storage system," Energy, Elsevier, vol. 148(C), pages 1087-1102.
    9. Park, Joungho & Hwan Ryu, Kyung & Kim, Chang-Hee & Chul Cho, Won & Kim, MinJoong & Hun Lee, Jae & Cho, Hyun-Seok & Lee, Jay H., 2023. "Green hydrogen to tackle the power curtailment: Meteorological data-based capacity factor and techno-economic analysis," Applied Energy, Elsevier, vol. 340(C).
    10. Kumar, Yogesh & Ringenberg, Jordan & Depuru, Soma Shekara & Devabhaktuni, Vijay K. & Lee, Jin Woo & Nikolaidis, Efstratios & Andersen, Brett & Afjeh, Abdollah, 2016. "Wind energy: Trends and enabling technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 209-224.
    11. Ferraz de Andrade Santos, José Alexandre & de Jong, Pieter & Alves da Costa, Caiuby & Torres, Ednildo Andrade, 2020. "Combining wind and solar energy sources: Potential for hybrid power generation in Brazil," Utilities Policy, Elsevier, vol. 67(C).
    12. Huang, Qunwu & Shi, Yeqiang & Wang, Yiping & Lu, Linping & Cui, Yong, 2015. "Multi-turbine wind-solar hybrid system," Renewable Energy, Elsevier, vol. 76(C), pages 401-407.
    13. Azad, AmirHossein & Shateri, Hossein, 2023. "Design and optimization of an entirely hybrid renewable energy system (WT/PV/BW/HS/TES/EVPL) to supply electrical and thermal loads with considering uncertainties in generation and consumption," Applied Energy, Elsevier, vol. 336(C).
    14. Stiubiener, Uri & Carneiro da Silva, Thadeu & Trigoso, Federico Bernardino Morante & Benedito, Ricardo da Silva & Teixeira, Julio Carlos, 2020. "PV power generation on hydro dam’s reservoirs in Brazil: A way to improve operational flexibility," Renewable Energy, Elsevier, vol. 150(C), pages 765-776.
    15. Branker, K. & Pathak, M.J.M. & Pearce, J.M., 2011. "A review of solar photovoltaic levelized cost of electricity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4470-4482.
    16. Hashemizadeh, Ali & Ju, Yanbing & Bamakan, Seyed Mojtaba Hosseini & Le, Hoang Phong, 2021. "Renewable energy investment risk assessment in belt and road initiative countries under uncertainty conditions," Energy, Elsevier, vol. 214(C).
    17. Ren, Guorui & Liu, Jinfu & Wan, Jie & Guo, Yufeng & Yu, Daren, 2017. "Overview of wind power intermittency: Impacts, measurements, and mitigation solutions," Applied Energy, Elsevier, vol. 204(C), pages 47-65.
    18. Bradshaw, Amanda, 2017. "Regulatory change and innovation in Latin America: The case of renewable energy in Brazil," Utilities Policy, Elsevier, vol. 49(C), pages 156-164.
    19. Ming, Bo & Chen, Jing & Fang, Wei & Liu, Pan & Zhang, Wei & Jiang, Jianhua, 2023. "Evaluation of stochastic optimal operation models for hydro–photovoltaic hybrid generation systems," Energy, Elsevier, vol. 267(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ávila, Leandro & Mine, Miriam R.M & Kaviski, Eloy & Detzel, Daniel H.M., 2021. "Evaluation of hydro-wind complementarity in the medium-term planning of electrical power systems by joint simulation of periodic streamflow and wind speed time series: A Brazilian case study," Renewable Energy, Elsevier, vol. 167(C), pages 685-699.
    2. Ma, Chao & Liu, Zhao, 2022. "Water-surface photovoltaics: Performance, utilization, and interactions with water eco-environment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    3. Herrera, Milton M. & Dyner, Isaac & Cosenz, Federico, 2019. "Assessing the effect of transmission constraints on wind power expansion in northeast Brazil," Utilities Policy, Elsevier, vol. 59(C), pages 1-1.
    4. Ferraz de Andrade Santos, José Alexandre & de Jong, Pieter & Alves da Costa, Caiuby & Torres, Ednildo Andrade, 2020. "Combining wind and solar energy sources: Potential for hybrid power generation in Brazil," Utilities Policy, Elsevier, vol. 67(C).
    5. Olabi, A.G. & Wilberforce, Tabbi & Sayed, Enas Taha & Abo-Khalil, Ahmed G. & Maghrabie, Hussein M. & Elsaid, Khaled & Abdelkareem, Mohammad Ali, 2022. "Battery energy storage systems and SWOT (strengths, weakness, opportunities, and threats) analysis of batteries in power transmission," Energy, Elsevier, vol. 254(PA).
    6. Jiang, Jianhua & Ming, Bo & Huang, Qiang & Guo, Yi & Shang, Jia’nan & Jurasz, Jakub & Liu, Pan, 2023. "A holistic techno-economic evaluation framework for sizing renewable power plant in a hydro-based hybrid generation system," Applied Energy, Elsevier, vol. 348(C).
    7. Evgeny Solomin & Evgeny Sirotkin & Erdem Cuce & Shanmuga Priya Selvanathan & Sudhakar Kumarasamy, 2021. "Hybrid Floating Solar Plant Designs: A Review," Energies, MDPI, vol. 14(10), pages 1-25, May.
    8. Pedruzzi, Rizzieri & Silva, Allan Rodrigues & Soares dos Santos, Thalyta & Araujo, Allan Cavalcante & Cotta Weyll, Arthur Lúcide & Lago Kitagawa, Yasmin Kaore & Nunes da Silva Ramos, Diogo & Milani de, 2023. "Review of mapping analysis and complementarity between solar and wind energy sources," Energy, Elsevier, vol. 283(C).
    9. Zeng, Fanxu & Bi, Cheng & Sree, Dharma & Huang, Guoxing & Zhang, Ningchuan & Law, Adrian Wing-Keung, 2023. "An Adaptive Barrier-Mooring System for Coastal Floating Solar Farms," Applied Energy, Elsevier, vol. 348(C).
    10. Tajeddin, Alireza & Fazelpour, Farivar, 2016. "Towards realistic design of wind dams: An innovative approach to enhance wind potential," Applied Energy, Elsevier, vol. 182(C), pages 282-298.
    11. Moraes, Camile A. & Valadão, Giovana F. & Renato, Natalia S. & Botelho, Daniel F. & Oliveira, Augusto C. L. de & Aleman, Catariny C. & Cunha, Fernando F., 2022. "Floating photovoltaic plants as an electricity supply option in the Tocantins-Araguaia basin," Renewable Energy, Elsevier, vol. 193(C), pages 264-277.
    12. Karipoğlu, Fatih & Denizli, Osmancan, 2025. "Towards renewable energy islands in Türkiye: Potential and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 211(C).
    13. Plain, N. & Hingray, B. & Mathy, S., 2019. "Accounting for low solar resource days to size 100% solar microgrids power systems in Africa," Renewable Energy, Elsevier, vol. 131(C), pages 448-458.
    14. Soheil Mohseni & Alan C. Brent, 2022. "A Metaheuristic-Based Micro-Grid Sizing Model with Integrated Arbitrage-Aware Multi-Day Battery Dispatching," Sustainability, MDPI, vol. 14(19), pages 1-24, October.
    15. Kim, Sunwoo & Choi, Yechan & Park, Joungho & Adams, Derrick & Heo, Seongmin & Lee, Jay H., 2024. "Multi-period, multi-timescale stochastic optimization model for simultaneous capacity investment and energy management decisions for hybrid Micro-Grids with green hydrogen production under uncertainty," Renewable and Sustainable Energy Reviews, Elsevier, vol. 190(PA).
    16. Cromratie Clemons, Sáde K. & Salloum, Coleman R. & Herdegen, Kyle G. & Kamens, Richard M. & Gheewala, Shabbir H., 2021. "Life cycle assessment of a floating photovoltaic system and feasibility for application in Thailand," Renewable Energy, Elsevier, vol. 168(C), pages 448-462.
    17. Arnaud de La Tour & Matthieu Glachant & Yann Ménière, 2013. "What cost for photovoltaic modules in 2020? Lessons from experience curve models," Working Papers hal-00805668, HAL.
    18. Wang, Jin & Zhao, Zhipeng & Zhou, Jinglin & Cheng, Chuntian & Su, Huaying, 2024. "Co-optimization for day-ahead scheduling and flexibility response mode of a hydro–wind–solar hybrid system considering forecast uncertainty of variable renewable energy," Energy, Elsevier, vol. 311(C).
    19. Zhang, Huaiyuan & Liao, Kai & Yang, Jianwei & Zheng, Shunwei & He, Zhengyou, 2024. "Frequency-constrained expansion planning for wind and photovoltaic power in wind-photovoltaic-hydro-thermal multi-power system," Applied Energy, Elsevier, vol. 356(C).
    20. Park, Joungho & Kang, Sungho & Kim, Sunwoo & Kim, Hana & Cho, Hyun-Seok & Lee, Changsoo & Kim, MinJoong & Lee, Jay H., 2025. "The impact of degradation on the economics of green hydrogen," Renewable and Sustainable Energy Reviews, Elsevier, vol. 213(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:318:y:2025:i:c:s0360544225004542. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.