Feasibility Assessment of Offsetting Diesel Generator in an Islanded Microgrid

The presented work endeavors to mitigate the reliance on existing diesel generators by integrating hybrid renewable energy systems to fulfill the energy demands of a small community residing in Meziadin Lake, Canada. Utilizing Homer Pro 3.16.2 software, the research employs a range of analyses, encompassing Net Present Value (NPV), Cost of Energy (COE), emissions, energy production, and operational costs. The simulation outcomes indicate that a combination of solar energy, batteries, and the existing diesel generator represents the optimal solution, demonstrating superior performance in terms of NPV, COE, emissions, and operational expenses.