Assessment of a Fully Renewable Generation System with Storage to Cost-Effectively Cover the Electricity Demand of Standalone Grids: The Case of the Canary Archipelago by 2040

Abstract

The change towards a clean electric generation system is essential to achieve the economy decarbonization goal. The Canary Islands Archipelago confronts social, environmental, and economic challenges to overcome the profound change from a fossil fuel-dependent economy to a fully sustainable renewable economy. This document analyzes a scenario with a totally renewable generation system and with total electrification of the economy for the Canary Islands by 2040. In addition, it also shows the significant reduction in this fully renewable system when an optimized interconnection among islands is considered. This scenario consists of a solar PV system of 11 GWp, a wind system of only 0.39 GWp, a pumped storage system of 16.64 GWh (2065 MW), and a lithium-ion battery system of 34.672 GWh (3500 MW), having a system LCOE of 10.1 cEUR/kWh. These results show the certainty of being able to use an autonomous, reliable, and fully renewable system to generate and store the energy needed to dispense with fossil fuels, thus, resulting in a system free of greenhouse gas emissions in the electricity market. In addition, the proposed system has low energy wastage (less than 20%) for a fully renewable, stand-alone, and off-grid system.