FACTS Devices Allocation via Sparse Optimization

Although there are vast potential locations to install FACTS devices in a power system, the actual installation number is very limited due to economical consideration. Therefore the allocation strategy exhibits strong sparsity. This paper formulates FACTS device allocation problem as a general sparsity-constrained OPF problem and employs Lq(0qregularization subproblem, and a simple dual variable update step. The NLP subproblem is solved by the interior point method. The Lqregularization subproblem has a closed-form solution expressed by shrinkage-threholding operators. The convergence of the proposed method is theoretically analyzed and discussed. The proposed method is successfully tested on allocation of SVC, TCSC, and TCPS on IEEE 30-, 118-, and 300-bus systems. Case studies are presented and discussed for both single-type and multiple-type FACTS devices allocation problems, which demonstrates the effectiveness and efficiency of the proposed formulation and algorithm.