Techno-economic models of hybrid systems with renewable energy for rural applications

Abstract

The decrease in oil production, the rise in environmental pollution, and the impending need to power areas in Colombia that do not currently have access to electricity have given the nation the task of finding new, decentralized, sustainable energy generation methods. Due to its favorable geographic location, renewable energy sources are a very appealing and affordable option in Colombia. This document presents a systematic literature review (SLR) developed to assess the recent techno-economic models and financial strategies in rural electrification using renewable energy systems. As a result, 19 documents were obtained, where the most informed funding sources included governmental, private and mixed shares. According to the information, the financial models were limited to estimate economic variables as levelized cost of electricity and net present cost. Finally, an emphasis on the need of governmental support to promote this kind of projects were reported.