The integration of solar and wind power into standard grid systems has increased the
usage of renewable energy; however, the operational challenges presented by these
sources' fundamental intermittency remain. This research analyses grid management
approaches designed to decrease intermittency concerns related to solar and wind energy.
Resource utilization and grid balancing are made feasible by precise short- and long-term
forecasting models for solar irradiance and wind patterns, which allow generators
to plan for changes. The planned location, Sagar Island, requires 9.5 MW of electricity.
The suggested mix of solar, wind, and grid generate 16.5MW. The PV module generates
8,339 kWh, the wind turbine creates 7,532 kWh, the grid purchased 674 kWh, and the
grid sold 12,454. The CO2 emission of the system is 33.7 kg/year. The economics metrics
ROI 4.5%, IRR 6.6%, and simple payback is 11.34 year.
