Techno-Economic Assessment of Optimal Allocation of Solar PV, Wind DGs, and Electric Vehicle Charging Stations in Distribution Networks Under Generation Uncertainty Using CFOA Algorithm

Uncertainties in generation and dynamic load behavior provide new problems for radial distribution systems (RDS) caused by the growing integration of renewable distributed generators (RDGs), including solar photovoltaic (PV) systems and wind turbines (WTs), as well as electric vehicle charging stations (EVCS). This article offers a thorough techno-economic evaluation of how to best distribute RDG resources (solar PV, wind, and EVCS) inside a 28-bus distribution test system in India, taking into account generation volatility due to the seasons. Optimization of installation and operating costs, enhancing voltage stability, and decreasing active power loss are done all at once using a new Catch Fish Optimization Algorithm (CFOA). Integrating beta and Weibull distributions, respectively, into the probabilistic modeling of solar irradiance and wind speed allows for economic analysis to adhere to recognized approaches from contemporary multi-objective optimization frameworks. The simulation findings confirm that the proposed CFOA-based placement method improves economic efficiency, decreases energy loss, and increases system performance.