In this paper, a stand-alone hybrid microgrid consisting of wind turbines,\nphotovoltaic (PV) arrays and storage battery banks is developed for use in\nQinghai Province, China. With the help of Software Homer and Matlab, different\nvariables such as annual average wind speed, annual average load demand,\nand annual capacity shortage are considered. The net present value is\nthen used during an entire project lifetime for the optimization solution.
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