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Abstract World's large population lives in remote areas where electricity is unavailable or unreliable supply. For electricity supply, a low‐cost, minimum‐emission hybrid renewable energy system is necessary due to power shortages or unavailability, high electricity costs, and large greenhouse gas emissions. The current work develops a standalone hybrid power generating system and assesses its techno‐economic feasibility for rural sites in the Lucknow area of Northern India. To address the electric load requirement, the proposed work includes a system that includes a solar photovoltaic (SPV) module, a lead‐acid battery, a wind turbine (WT), and a diesel generator (DG). The system is sized and optimized using the hybrid optimization of multiple energy resources software. In this off‐grid system, the proposed system is intended for a home load need of 52. 00 kWh/day with a peak of 11. 04 kW. The technical and financial specifications are drawn from the local Indian market for the proposed standalone system. In this article, seven different resource combinations are investigated. A combination of 13 kW DG, 16 kW SPV, 50 kWh lead‐acid battery, 9 kW inverter, and 4 kW WT produces the best optimal system. With a 98. 4% renewable portion, the cost of energy and total net present cost are 0. 162/kWh and 57 390, respectively. The sensitivity analysis inflation and discount rates are 5. 5% and 8%, respectively. As a consequence of the findings, we can conclude that the suggested standalone system is more cost‐effective for rural areas in Northern India.
Asghar et al. (Sun,) studied this question.