Search

With the increasing penetration of renewable energy resources, their variable, intermittent and unpredictable characteristics bring new challenges to the power system. These challenges require micro-meteorological data and techniques to provide more support for the power systems, including planning, dispatching, operation, and so on. This paper aims to provide readers with insights into the effects of micro-meteorology on power systems, as well as the actual improvement brought by micro-meteorology in some power system scenarios. This paper provides a review including the relevant micro-meteorological techniques such as observation, assimilation and numerical techniques, as well as artificial intelligence, presenting a relatively complete overview of the most recent and relevant micro-meteorology-related literature associated with power systems. The impact of micro-meteorology on power systems is analyzed in six different forms of power generation and three typical scenarios of different stages in the power system, as well as integrated energy systems and disaster prevention and reduction. Finally, a case study in China is provided. This case takes wind power prediction as an example in a power system to compare the performance when applying micro-meteorological data or not. The experimental results demonstrated that using the micro-meteorological reanalysis dataset with high spatial--temporal resolution for wind power prediction performed better, verifying the improvement of micro-meteorology to the power system to some extent. [ABSTRACT FROM AUTHOR]

A wind–hydrogen coupled power generation system can effectively reduce the power loss caused by wind power curtailment and further improve the ability of the energy system to accommodate renewable energy. However, the feasibility and economy of deploying such a power generation system have not been validated through large-scale practical applications, and the economic comparison between regions and recommendations on construction are still lacking. In order to solve the aforementioned problems, this paper establishes an economic analysis model for the wind–hydrogen coupled power generation system and proposes a linear optimisation-based priority analysis method focusing on the major net present value for regional energy system as well as a cost priority analysis method for hydrogen production within sample power plants. The case study proves the effectiveness of the proposed analysis methods, and the potential to develop wind–hydrogen coupled power generation systems in various provinces is compared based on the national wind power data in recent years. This provides recommendations for the future pilot construction and promotion of wind–hydrogen coupled power generation systems in China. [ABSTRACT FROM AUTHOR]

Improving the efficiency of renewable energy and electricity utilization is an urgent problem for China under the objectives of carbon peaking and carbon neutralization. This paper proposes an optimization scheduling method of electric vehicles (EV) combined with wind and photovoltaic power based on the Frank-Copula-GlueCVaR. First, a joint output model based on copula theory was built to describe the correlation between wind and photovoltaic power output. Second, the Frank-Copula-GlueCVaR index was introduced in a novel way. Operators can now predetermine the future wind-photovoltaic joint output range based on this index and according to their risk preferences. Third, an optimal scheduling model aimed at reducing the group charging cost of EVs was proposed, thereby encouraging EV owners to participate in the demand response. Fourth, this paper: proposes the application of a Variant Roth–Serve algorithm; regards the EV group as a multi-intelligent group; and finds the Pareto optimal strategy of the EV group through continuous learning. Finally, case study results are shown to effectively absorb more renewable energy, reduce the consumption cost of the EV group, and suppress the load fluctuation of the whole EV group, which has a practical significance and theoretical value. [ABSTRACT FROM AUTHOR]

Green bonds have increasingly been utilized around the world as a source of financing for renewable energy development, designed with compliance requirements and measurable economic returns to investors, while mitigating climate change. However, the efficacy of green bond arranged in the emerging economies for financing renewable energy assets and how the underlying risks are managed have remained to be explored. The paper aims to examine the evolving green financial system sponsored by both public and private institutions in managing such risks within China's emerging economy. A case study of green financing for a bundle of wind power assets led by a state-owned enterprise (SOE) reveals an alternative approach by structuring public–private collaboration while stipulating market-based financial incentives to institutional stakeholders under a political economy. This institutional consortium is composed of a state development bank, a commercial bank, credit rating agencies, institutional and private investors, regional power purchasers, and carbon trading entities. Financial stakeholders' risk in such emerging sustainable investment is moderated by these participating institutions and structured "upsides" from carbon trading aligned with the framework of green finance and standards for green bond development. The results reveal the potentials of scaling up the development of renewable energy by adequately managing and sharing key risks, while allocating substantial funding into renewable energy projects under such a green financial system that is to be complementary with a scalable post COVID-19 economic recovery. [ABSTRACT FROM AUTHOR]

In response to the rising importance of the climate agenda, many countries have restructured their electricity markets to facilitate the utilization of renewable energy. China is an interesting case because it has expanded its utilization of wind and solar energy with unmatched speed. This review starts with an analysis of the 2002 reforms that uncoupled electricity production from transmission. The investigation covers the period leading up to the 2022 proposal, which aimed to build a nationally integrated electricity market. The analysis suggests that a careful alignment of incentives for key market players to produce and consume renewable energy is vital during the process of energy transition. The introduction of feed-in tariffs in 2009 for wind energy, which were subsequently extended to solar energy, stimulated a high growth in installed capacity. However, a high electricity curtailment rate resulted. Since 2018, the Chinese government has resorted to curtailment caps and renewable portfolio standards to increase the utilization of renewable electricity. After the announcement of the "dual carbon goals" in 2020, the Chinese government launched a series of reforms that aimed to nurture growth in the green electricity market and the formation of a nationally integrated electricity market. The removal of interregional trade barriers is a key element of China's current electricity market reforms and will be crucial to determining whether China can achieve its climate goals. [ABSTRACT FROM AUTHOR]