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Australia has significant offshore wind resources that can support ever-increasing power demand and hence provide a long-term contribution to the net-zero target by 2050. Although some offshore wind farm projects are proposed in Australia, the industry is not mature enough to justify the benefits and display economic opportunities. More specifically, the techno-economic analysis of offshore wind energy has not been systematically mapped in Australia. Therefore, the investigation of the spatial variation of technical feasibility and economic potential of offshore wind is vital to identify the potential regions and to develop strategies for future offshore wind farm developments in Australia. This paper presents detailed mappings of the techno-economic potential of offshore wind energy in Victoria-Tasmania's exclusive economic zone. Offshore wind energy resources are assessed in the paper in terms of energy availability and variability and the feasibility of various offshore wind technologies is investigated, including turbines, foundation types and transmission topologies. In addition, the high-fidelity life-cycle cost models and two innovative evaluation matrices are developed to assess the economic potential of offshore energy farms in South-eastern Australia. The impact of local power system regulation costs and future carbon prices on the viability of offshore wind is also investigated in this paper. It is concluded that the detailed mapping approach and analysis in the paper can provide a systematic tool for industry partners, investors and policymakers at the pre-planning stage of developing offshore renewable energy systems. • The technical feasibility of offshore wind is mapped under various constraints. • The novel LACE and high-fidelity LCC assessment models are developed. • The techno-economic potential is systemically mapped in South-eastern Australia. • The impacts of electricity market regulation and future carbon prices are studied. [ABSTRACT FROM AUTHOR]

Microgrids are extensively integrated into electrical systems due to their many technical, economic, and environmental advantages. However, they encounter a challenge as they experience high-frequency fluctuations caused by the stochastic nature of renewable energy generation, electric loads, and the presence of Electric Vehicles (EVs). Therefore, various techniques, algorithms, and controllers have been introduced to ensure effective Load Frequency Control (LFC) and maintain a stable power system in microgrids. These methods aim to ensure that the system's frequency remains stable and within an acceptable range, especially when faced with changing load demands and other factors. This paper presents a novel enhanced control approach, Particle Swarm Optimization-Trained Artificial Neural Network (PSO-TANN), to optimize the load frequency model of a microgrid with vehicle-to-grid integration. The results are then compared under various scenarios, including renewable energy integration, EV charging and discharging dynamics, and varying load demands. The comparative analysis involves assessing the performance of the conventional Proportional–Integral–Derivative (PID) controller, the PSO-PID controller, and the newly proposed controlling technique. The suggested controller attains 99.904% efficiency with a negligible mean squared error of 1.1112 × 10−7, decreasing the integrated time absolute error to 1.0 × 10−4. It shows rapid response, precise targeting, and quick peak output ability, with marginal overshoot and undershoot, and a transient time of 28.5626 s, efficiently controlling microgrid frequency. Stability analysis validates the effectiveness of the proposed PSO-TANN controller in ensuring stability within the microgrid's LFC system during uncertainties and disturbances. This establishes resilience, diminishes settling time, and maintains reliable performance while controlling frequency. • An investigation into an islanded microgrid's Load Frequency Control (LFC) model framework has been conducted, comprising diesel generator, solar PV system, wind turbine, and EVs operating in vehicle-to-grid mode to supply power to electric loads, consequently impacting the frequency dynamics of the microgrid system. • A novel enhanced control approach, Particle Swarm Optimization-Trained Artificial Neural Network (PSO-TANN) has been implemented to optimize the load frequency model of a microgrid. • An extensive comparative analysis with other controllers, including PID and PSO-PID, is conducted across diverse scenarios involving renewable energy integration and EV charging and discharging dynamics under various load disturbances to reduce settling time, control system frequency, and ensure reliable performance. • The stability analysis validates the efficiency of the proposed PSO-TANN controller in ensuring reliability during uncertainties and disturbances, maintaining overall robustness and stability of the LFC system within the microgrid. [ABSTRACT FROM AUTHOR]

The increased penetration of renewable energy sources (RESs) as an effective mechanism to reduce carbon emissions leads to an increased weather dependency for power and energy systems. This has created dynamic operation and degradation phenomena, which affect the lifetime estimation of the assets operated with RESs. For the reliable and efficient operation of RES it is crucial to monitor the health of its constituent components and feature selection is a crucial step for building robust and accurate health monitoring approaches. In this context, this paper presents a probabilistic feature selection approach, which probabilistically weights and selects features through a heuristic and iterative process for an improved asset lifetime estimation. Power transformers are key power grid assets and they are used to demonstrate the validity and impact of the proposed approach. The approach is tested on two different photovoltaic power plants operated in Spain and Australia. Results consistently show that the proposed feature-selection approach reduces the prediction error and consistently selects relevant features. The approach has been applied to transformer lifetime estimation, but it can be generally applied to assist in the lifetime estimation of other components operated in RESs. Part of the studies presented here as well as source codes are all open-source under the GitHub repository https://github.com/iramirezg/FeatureSelection. • Probabilistic feature selection approach for improved asset lifetime estimation. • Integration of environmental features for improved renewable-operated asset lifetime. • Systematic and robust feature weighting methodology. • Improved transformer lifetime estimation including sensor and environmental data. • Validated on two real photovoltaic power plant case studies. [ABSTRACT FROM AUTHOR]

Comparing the United Kingdom's Renewables Obligation and Australia's Renewable Energy Target, this paper reconstructs the market for green certificates in which penalties are imposed on missed certificates. Our analysis shows that excess demand in the Renewables Obligation makes the penalty the minimum certificate price, but excess supply in the Renewable Energy Target makes the penalty the maximum certificate price. Further, excess supply also implies that the sales of certificates are not guaranteed in the Renewable Energy Target. Therefore, compared to the Renewables Obligation, generators face greater risk under the Renewable Energy Target as there is more uncertainty about the price of certificates and the possibility of sales. • Reconstruct demand and supply curves for TGC models. • Excess demand (supply) makes the penalty the minimum (maximum) certificate price. • The recycling mechanism pushes up the certificate price in the RO. • The refunding mechanism pushes down the certificate price in the RET. • Generators under TGC with excess supply face greater price risk and volume risk. [ABSTRACT FROM AUTHOR]