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This study proposes a single‐objective optimal sizing approach for an islanded microgrid (IMG). The approach determines the optimal component sizes for the IMG, such that the life‐cycle cost is minimised while a low loss of power supply probability (LPSP) is ensured. As wind speed and solar irradiation exhibit both diurnal and seasonal variations, the proposed algorithm takes advantages of the typical meteorological year‐based chronological simulation and enumeration‐based iterative techniques. The mathematical models presented in this study for the IMG components consider the non‐linear characteristics as well as the reactive power. The LPSP is also formulated based on the supply‐demand balances of both real and reactive powers, and an economic evaluation model is presented. The proposed sizing approach identifies the global minimum, and simultaneously provides the optimal component sizes as well as the power management strategies. This study also presents a number of sensitivity analyses as well as comparisons with a commercial software package. [ABSTRACT FROM AUTHOR]

Summary This paper proposes a method for capacitance health monitoring (CHM) of submodule capacitors in modular multilevel converters (MMCs) that uses a reduced number of voltage sensors. In the proposed method, the MMC arms are divided into some groups of submodules and one voltage sensor is used for each group. In addition, a capacitor voltage estimation technique with minimal computational complexity is used to determine the capacitor voltage. The ratio of the estimated to measured capacitor voltage during positive arm current is also used to demonstrate a simple and efficient capacitance monitoring method. Moreover, contrary to the limitations associated with traditional CHM methods, the proposed method reduces the required voltage sensors and minimizes data exchange between the power system and the central processor. The effectiveness of the proposed method is validated through simulation and experimental results under various operating conditions. [ABSTRACT FROM AUTHOR]