On the Environmental and Economic Impact of Utility-Scale Renewable Energy Deployment

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dc.contributor.authorPeerzada, Aaqib
dc.contributor.authorBegovic, Miroslav M.
dc.contributor.authorOstojic, Dejan
dc.date.accessioned2021-12-24T17:49:25Z
dc.date.available2021-12-24T17:49:25Z
dc.date.issued2022-01-04
dc.description.abstractAs per the U.S Energy Information Administration’s latest inventory of electricity generators, renewable energy, most notably solar and wind, will account for roughly 70% of nearly 40 gigawatts of new electricity generating capacity to start commercial operation in 2021. The year 2021 will also set a record in the deployment of utility-scale solar capacity by adding 15.4 gigawatts of capacity to the grid, which surpasses the 12 gigawatts increase in 2020. The rapid increase of renewable energy is expected to significantly decrease emissions of greenhouse gases and change the load profile in the power grid by suppressing production from conventional generators. This paper aims to propose a framework to study the impact of utility-scale solar PV deployment on the generation resource allocation and investigate the economics and policy of electricity generation and carbon emissions. The investigation is carried on the generation resource pool of the southeast region of the U.S augmented by a substantial amount of utility-scale solar generation.
dc.format.extent10 pages
dc.identifier.doi10.24251/HICSS.2022.419
dc.identifier.isbn978-0-9981331-5-7
dc.identifier.urihttp://hdl.handle.net/10125/79754
dc.language.isoeng
dc.relation.ispartofProceedings of the 55th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectDistributed, Renewable, and Mobile Resources
dc.subjectcarbon emissions
dc.subjectcarbon tax
dc.subjectmarginal cost
dc.subjectrenewable energy
dc.titleOn the Environmental and Economic Impact of Utility-Scale Renewable Energy Deployment
dc.type.dcmitext

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