Economic Formalism for Optimizing the Design and Energy Management of a hybrid wind/photovoltaic system

The objective herein is to establish a set of rules and tools for optimizing both energy management and design of a hybrid wind/photovoltaic production system, coupled to the grid and equipped with an electrochemical storage device. Optimization steps are carried out on the database containing consumption patterns and production resources. The chief optimization criterion is economic, with a focus on minimizing total cost of the system as well as of its installation and use over the long term (15 years). In this article, we will present the existing economic relationships inherent in such a system, prior to developing economic models for each of the various component units