Design and Analysis of a Floating Hybrid Solar-Wind Plant in Kaptai Lake

This study explores the integration of solar photovoltaic (PV) and wind turbine systems to develop an efficient hybrid renewable energy model. This research aims to optimize energy generation by leveraging the complementary nature of solar and wind resources, ensuring stable power output throughout the year. Using HOMER Pro software, various hybrid configurations are simulated and analyzed to determine the most efficient system setup. The optimization process considers factors such as solar radiation, wind speed variations, and system component costs. The economic feasibility of the hybrid system is assessed by calculating the total net present cost and the levelized cost of energy, which are determined to be $464,269.10 USD and $7.94 USD/kWh, respectively, indicating the system’s costeffectiveness over its operational lifespan. To evaluate reliability, MATLAB simulations are conducted to determine mean time to failure and reliability. The results indicate an availability rate of 88% for wind turbines and 70.9% for solar PV, highlighting differences in system durability and maintenance requirements. Additionally, the study highlights the environmental benefits of integrating hybrid renewable energy systems, such as reducing greenhouse gas emissions and minimizing excess electricity loss. By leveraging advanced modeling techniques, this research presents a practical framework for sustainable energy integration, contributing to the development of resilient, cost-effective, and environmentally friendly energy solutions for future applications.