Stochastic optimization framework for hybridization of existing offshore wind farms with wave energy and floating photovoltaic systems

Due to the complementarity of renewable energy sources, there has been a focus on technology hybridization in recent years. In the area of hybrid offshore power plants, the current research projects mostly focus on the combinational implementation of wind, solar, and wave energy technologies. Accordingly, considering the already existing offshore wind farms, there is the potential for the implementation of hybrid power plants by adding wave energy converters and floating photovoltaics. Accordingly, in this work, a stochastic sizing model is developed for the hybridization of existing offshore wind farms using wave energy converters and floating photovoltaics considering the export cable capacity limitation. The problem is modeled from an investor perspective to maximize the economic profits of the hybridization, while the costs and revenues regarding the existing units and the export cable are excluded. Furthermore, to tackle the uncertainties of renewable energy generation, as well as the energy price, a scenario generation method based on copula theory is proposed to consider the dependency structure between the different random variables. Altogether, the hybridization study is modeled in a mixed integer linear programming optimization framework considering the net present value of the project as the objective function. The results showed that hybrid-sources-based energy generation provided the highest economic profit in the studied cases in the different geographical locations. Furthermore, the technical specifications of the farms have also considerably improved providing more stable energy generation, guaranteeing a minimum level of power in a high share of the time, and a better utilization of the capacity of the cable while the curtailment of energy is maintained within the acceptable range.