Cost Effective Analysis of Hybrid Energy System with Pumped Hydro Storage using HOMER Pro

As India is a developing country which demands in more power requirement for the population. The conventional resources are also not making the requirement upto the needs of the customers. This brings our attention towards the nonconventional resources which includes renewable energy resources i.e., natural resources like sun, wind, ocean, geothermal, tidal etc. are some of the resources. Using this resources with the help of latest technologies we are equalizing the mismatch between the power generation and power demand. As far as the conventional power generation our country is performing great in the non- conventional means also, which results in the cost reduction of energy, carbon emission from the environment which will help a lot in the reduction of global warming. This paper presents the hybrid renewable energy system which consist of solar PV and wind energy system as generation unit and for the change of same traditional storage system here we are working with the pumped hydro storage system. All the system is being analyzed on the software for hybrid system known as Hybrid Optimization Model for Electrical Renewable (HOMER Pro).