Independent Power Producer Approach to Optimal Design and Operation of IES with Wind Power Plants

In South Korea, Renewable Energy Sources (RES) have been increasing with the application of energy policies, such as Feed in Tariff (FIT) and the Renewable Portfolio Standard (RPS). However, a rapid increase in RES supply leads to an uncertain power supply due to the intermittent output of RES. A representative example is the curtailment of Wind Turbines (WT), which frequently occurs in Jeju Island, South Korea. The proportion of RES power on Jeju Island is 67%, and there are cases where WT is curtailed among the operable sections to maintain the balance of power supply and demand. This paper applies Power-to-Gas (P2G) technology to hydrogenate, store, and utilize unused power to solve this problem. In this paper, Aewol-eup in Jeju Island is selected as a target site for case study. An Integrated Energy System (IES) for various energy operations is designed to control RES output. This paper proposes the optimal facility configuration and finally drives the optimal design and operation solution of IES by analyzing the objective functions and focusing on the Independent Power Producer (IPP) perspective.