Optimal Sizing of Hybrid Renewable Energy System Using Two-Stage Stochastic Programming

<table class="table-group" id="tab11"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left">Power plant</td><td class="align_center">Size in GW using Monte Carlo</td><td class="align_center">Size in GW using ADMM</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left">Gas turbine</td><td class="align_center">4.4500</td><td class="align_center">4.4497</td></tr><tr><td class="align_left">Coal</td><td class="align_center">4.3600</td><td class="align_center">4.3593</td></tr><tr><td class="align_left">Nuclear</td><td class="align_center">4.6000</td><td class="align_center">4.6003</td></tr><tr><td class="align_left">Hydroelectric</td><td class="align_center">5.0000</td><td class="align_center">4.9995</td></tr><tr><td class="align_left">Cost (billion $)</td><td class="align_center"><span style="width: 75.891ptpx;"><svg height="8.69875pt" id="M265" style="vertical-align:-0.3499298pt" 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<div>Optimal power plant sizing based on the stochastic data.</div>

International Journal of Energy Research

tab11

Table 11

Table 11: Optimal Sizing of Hybrid Renewable Energy System Using Two-Stage Stochastic Programming 