Return on capital and earned carbon credit by hybrid solar Photovoltaic—wind turbine generators

This paper presents a methodology to optimise a hybrid solar Photovoltaic—wind turbine generator for the villages situated in the remote areas, especially coastal regions of India. Owing to good insolation and wind density, the hybrid system composed of 6 photovoltaic (PV) modules, one wind turbine and 3 batteries are sufficient to fulfil all the necessary power demand without interruption for an Indian village. The analytical analysis shows that the system having lifespan of 30 years has return on capital, cost of power produced and cost of the hybrid solar-wind generators as 4.08%, € 0.155/kWh and € 4723.5/kWh respectively. The energy payback time is 2.47 years and will lead to earn € 28.52 every year of carbon credits.