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Sustainable Energy Portfolios for Small Island States

Author

Listed:
  • Sándor Szabó

    () (European Commission, Joint Research Centre, Institute for Energy and Transport, Renewables and Energy Efficiency Unit, Via E. Fermi, 2749 Ispra, Italy)

  • Ioannis Kougias

    () (European Commission, Joint Research Centre, Institute for Energy and Transport, Renewables and Energy Efficiency Unit, Via E. Fermi, 2749 Ispra, Italy)

  • Magda Moner-Girona

    () (European Commission, Joint Research Centre, Institute for Energy and Transport, Renewables and Energy Efficiency Unit, Via E. Fermi, 2749 Ispra, Italy)

  • Katalin Bódis

    () (European Commission, Joint Research Centre, Institute for Energy and Transport, Renewables and Energy Efficiency Unit, Via E. Fermi, 2749 Ispra, Italy)

Abstract

The study presents a cost effective electricity generation portfolio for six island states for a 20-year period (2015–2035). The underlying concept investigates whether adding sizeable power capacities of renewable energy sources (RES) options could decrease the overall costs and contribute to a more sustainable, indigenous electricity generation at the same time. Often, island states rely on fossil fuels which, apart from dependence on foreign resources, also includes an additional, significant transport cost. This is an extra motive to study the extent in which island states represent primary locations for RES technologies. For the aims of the present study an optimization model has been developed and following numerous runs the obtained results show that installing PV and battery capacities can delay-reduce the huge investments in fossil options in early periods. Thus, investment on RES can have a positive, long-term effect on the overall energy mix. This prompt development can happen without adding new subsidies but there is a need to address the existing socio-economic barriers with intelligent design of financing and economic instruments and capacity building as discussed in the conclusions.

Suggested Citation

  • Sándor Szabó & Ioannis Kougias & Magda Moner-Girona & Katalin Bódis, 2015. "Sustainable Energy Portfolios for Small Island States," Sustainability, MDPI, Open Access Journal, vol. 7(9), pages 1-19, September.
  • Handle: RePEc:gam:jsusta:v:7:y:2015:i:9:p:12340-12358:d:55501
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    References listed on IDEAS

    as
    1. Ioannis Kougias & Nicolaos Theodossiou, 2013. "Multiobjective Pump Scheduling Optimization Using Harmony Search Algorithm (HSA) and Polyphonic HSA," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 27(5), pages 1249-1261, March.
    2. Monforti, F. & Huld, T. & Bódis, K. & Vitali, L. & D'Isidoro, M. & Lacal-Arántegui, R., 2014. "Assessing complementarity of wind and solar resources for energy production in Italy. A Monte Carlo approach," Renewable Energy, Elsevier, vol. 63(C), pages 576-586.
    3. Bekele, Getachew & Tadesse, Getnet, 2012. "Feasibility study of small Hydro/PV/Wind hybrid system for off-grid rural electrification in Ethiopia," Applied Energy, Elsevier, vol. 97(C), pages 5-15.
    4. Nfah, E.M. & Ngundam, J.M., 2009. "Feasibility of pico-hydro and photovoltaic hybrid power systems for remote villages in Cameroon," Renewable Energy, Elsevier, vol. 34(6), pages 1445-1450.
    5. Salcedo-Sanz, S. & Pastor-Sánchez, A. & Del Ser, J. & Prieto, L. & Geem, Z.W., 2015. "A Coral Reefs Optimization algorithm with Harmony Search operators for accurate wind speed prediction," Renewable Energy, Elsevier, vol. 75(C), pages 93-101.
    6. Szabó, Sándor & Jäger-Waldau, Arnulf, 2008. "More competition: Threat or chance for financing renewable electricity?," Energy Policy, Elsevier, vol. 36(4), pages 1436-1447, April.
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    Citations

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    Cited by:

    1. Dhunny, A.Z. & Allam, Z. & Lobine, D. & Lollchund, M.R., 2019. "Sustainable renewable energy planning and wind farming optimization from a biodiversity perspective," Energy, Elsevier, vol. 185(C), pages 1282-1297.
    2. Alfredo Ramírez Díaz & Francisco J. Ramos-Real & Gustavo A. Marrero & Yannick Perez, 2015. "Impact of Electric Vehicles as Distributed Energy Storage in Isolated Systems: The Case of Tenerife," Sustainability, MDPI, Open Access Journal, vol. 7(11), pages 1-27, November.
    3. Thomas Patsialis & Ioannis Kougias & Nerantzis Kazakis & Nicolaos Theodossiou & Peter Droege, 2016. "Supporting Renewables’ Penetration in Remote Areas through the Transformation of Non-Powered Dams," Energies, MDPI, Open Access Journal, vol. 9(12), pages 1-14, December.
    4. Mendoza-Vizcaino, Javier & Raza, Muhammad & Sumper, Andreas & Díaz-González, Francisco & Galceran-Arellano, Samuel, 2019. "Integral approach to energy planning and electric grid assessment in a renewable energy technology integration for a 50/50 target applied to a small island," Applied Energy, Elsevier, vol. 233, pages 524-543.
    5. Kougias, Ioannis & Szabó, Sándor & Nikitas, Alexandros & Theodossiou, Nicolaos, 2019. "Sustainable energy modelling of non-interconnected Mediterranean islands," Renewable Energy, Elsevier, vol. 133(C), pages 930-940.

    More about this item

    Keywords

    renewable energy; sustainable development; solar; PV; battery; fossil fuels; optimization; harmony search algorithm; island energy portfolio;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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