The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning

Mustafa Özcan; Mehmet Yıldırım

doi:10.35377/saucis.01.03.468380

EN

The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning

Abstract

Capital investment cost is the major obstacle to the increasing share of electricity from renewable energy sources (RES-E). Therefore, RES-E incentive mechanisms are incorporated into markets to compensate cost-related barriers and to increase RES-E deployment rate. In this study, the impact of direct capital investment subsidy on RES-E in generation expansion planning (GEP) has been analyzed and deployment rates of renewable power plants have been defined. The effect of current subsidy mechanisms on the installed power capacity of various sources has also been analyzed and policy recommendations have been put forth in the light of the characteristics of Turkey’s current subsidization mechanism and its outcomes.

Genetic algorithm was applied to solve the GEP problem. The share of non-hydro renewable power plants for future additions in overall installed power was determined as 9.45% without the proposed incentive, while it was estimated to rise to 13.65% when it was promoted by direct capital investment subsidy of 50%. The deployment rates of renewable power plants are expected to grow as the imported coal share in total installed power is expected to decline after applying the proposed subsidy.

Keywords

Renewable energy,Generation expansion planning,Incentives,Capital subsidy,Genetic algorithm

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Details

Primary Language

English

Subjects

Computer Software

Journal Section

Research Article

Authors

Mustafa Özcan ^*
0000-0001-6436-6368
Türkiye

Mehmet Yıldırım
Türkiye

Publication Date

December 18, 2018

Submission Date

October 8, 2018

Acceptance Date

October 31, 2018

Published in Issue

Year 1970 Volume: 1 Number: 3

DOI

https://doi.org/10.35377/saucis.01.03.468380

IZ

https://izlik.org/JA64DF36JX

Cite

RIS / Bibtex

APA

Özcan, M., & Yıldırım, M. (2018). The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning. Sakarya University Journal of Computer and Information Sciences, 1(3), 1-19. https://doi.org/10.35377/saucis.01.03.468380

AMA

1.Özcan M, Yıldırım M. The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning. SAUCIS. 2018;1(3):1-19. doi:10.35377/saucis.01.03.468380

Chicago

Özcan, Mustafa, and Mehmet Yıldırım. 2018. “The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning”. Sakarya University Journal of Computer and Information Sciences 1 (3): 1-19. https://doi.org/10.35377/saucis.01.03.468380.

EndNote

Özcan M, Yıldırım M (December 1, 2018) The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning. Sakarya University Journal of Computer and Information Sciences 1 3 1–19.

IEEE

[1]M. Özcan and M. Yıldırım, “The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning”, SAUCIS, vol. 1, no. 3, pp. 1–19, Dec. 2018, doi: 10.35377/saucis.01.03.468380.

ISNAD

Özcan, Mustafa - Yıldırım, Mehmet. “The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning”. Sakarya University Journal of Computer and Information Sciences 1/3 (December 1, 2018): 1-19. https://doi.org/10.35377/saucis.01.03.468380.

JAMA

1.Özcan M, Yıldırım M. The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning. SAUCIS. 2018;1:1–19.

MLA

Özcan, Mustafa, and Mehmet Yıldırım. “The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning”. Sakarya University Journal of Computer and Information Sciences, vol. 1, no. 3, Dec. 2018, pp. 1-19, doi:10.35377/saucis.01.03.468380.

Vancouver

1.Mustafa Özcan, Mehmet Yıldırım. The Impact of Capital Subsidy Incentive on Renewable Energy Deployment in Long-Term Power Generation Expansion Planning. SAUCIS. 2018 Dec. 1;1(3):1-19. doi:10.35377/saucis.01.03.468380

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