From risks to rewards: A comprehensive guide to sustainable investment decisions in renewable energy using a hybrid facial expression-based fuzzy decision-making approach

Applied Soft Computing, Journal Year: 2023, Volume and Issue: 142, P. 110365 - 110365

Published: May 2, 2023

Language: Английский

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A Review of Renewable Energy Communities: Concepts, Scope, Progress, Challenges, and Recommendations

Sustainability, Journal Year: 2024, Volume and Issue: 16(5), P. 1749 - 1749

Published: Feb. 21, 2024

In recent times, there has been a significant shift from centralized energy systems to decentralized ones. These aim satisfy local needs using renewable resources within the community. This approach leads decreased complexity and costs, improved efficiency, enhanced resilience supports independence, thereby advancing transition toward zero carbon emissions. Community plays pivotal role globally, particularly in European countries, driven by citizen engagement generating power sources. The Union, known for its focus on social innovation participation, recognizes essential of communities latest strategy. concept creating or community-based projects gained worldwide attention, demonstrating economic, environmental, efficiency benefits However, is noticeable gap research covering all updated aspects communities. article provides an in-depth review communities, especially exploring their concepts, scope, benefits, key activities. It also sheds light progress presenting results analyses. Some countries have shown advancement, others are initial stages, few partially adopted REC implementation according Renewable Energy Directive II. Additionally, it discusses main challenges potential recommendations enhance growth work valuable resource, emphasizing importance involvement offering insights into various community sustainable transition. practical information policymakers, researchers, industry professionals, members who keen promoting sustainable, community-driven systems.

Language: Английский

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Lighting the future of sustainable cities with energy communities: An economic analysis for incentive policy

Cities, Journal Year: 2024, Volume and Issue: 147, P. 104828 - 104828

Published: Feb. 1, 2024

Inland areas are suffering from depopulation and a lack of services, with many citizens deciding to move the city. Smart cities require decentralised collective energy model in form renewable communities (RECs). This work aims propose an economic analysis residential photovoltaic systems within REC according different incentive market scenarios. For this scope, Net Present Value (NPV) is used both baseline alternative scenarios showing very good profitability, confirmed by sensitivity, scenario risk analysis. It therefore evident how avoided cost bill has decisive impact on result amplified virtuous behaviour consumption synchronous production phase. Subsequent analyses concern profits obtained divided among prosumers it shown that revenues shared partial profile may be right compromise. In order consider more realistic case additional consumer analysed REC. The proposed show interesting policy implications: subsidies key factors for sustainable based green consumption.

Language: Английский

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A roadmap for the implementation of a renewable energy community

Heliyon, Journal Year: 2024, Volume and Issue: 10(7), P. e28269 - e28269

Published: March 22, 2024

Environmental problems due to climate change, that have been affecting our planet for years, are the main issues which prompted European Union establish ambitious target of achieving carbon neutrality by 2050. This occurrence encouraged all Member States undergo significant changes their energy sectors, favouring extensive use renewable sources. In this scenario, introduced Renewable Energy Communities, innovative systems based on a new model production, consumption and sharing, guaranteeing environmental, economic, social benefits. The objective paper is twofold: firstly, examine regulatory framework and, secondly, present standardized procedure implementation Community, an aspect not yet covered in scientific literature. roadmap includes four phases: feasibility study involving analysis end users' general assessment; aggregation members as producers, consumers or prosumers forming legal entity, considering different funding opportunities; operating phase, plant construction project validation national authorities; technical economic management phase. dynamic structure allows adjustments accommodate contexts, member typologies aim.

Language: Английский

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Empowering sea ports with renewable energy under the enabling framework of the energy communities

Energy Conversion and Management, Journal Year: 2024, Volume and Issue: 314, P. 118693 - 118693

Published: July 1, 2024

Port operations, essential for global trade, are energy-intensive and heavily reliant on fossil fuels. Transitioning to renewable energy can reduce their carbon footprint enhance resilience sustainability. Renewable Energy Communities (RECs) offer a collaborative decentralized framework integrating into port facilities. However, authorities maritime stakeholders face challenges in design, implementation, particularly estimating outcomes benefits. Understanding the REC is crucial industry address current priorities. This study provides guidelines implementing single or multiple communities ports. An economic model, based EU regulations national laws, assesses viability of RECs The model considers usage various production systems, such as solar marine technologies, storage hybrid configuration estimate variable demand profiles explore integration system. numerical simulates virtual exchanges among users investigates feasibility shared projects research comprehensively analyses technological scenarios examines convenience end-user aggregations. Results indicate that increasing complementarity rational system design cover up 60 % total achieve 90 self-consumption. Incentives ensure payback period under 6 years large-scale systems between 2 4 smaller power plants, highlighting significant financial benefits voluntary members. Batteries enable higher penetration system, 15 %, with moderate impact. self-consumption scheme promising, incentives shift focus aspects increase local utilization. Policies encouraging creation ports lower life cycle costs, aggregations leading €6M costs over 20 compared community comprising all main users.

Language: Английский

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The political economics of civic energy: A framework for comparative research

Renewable and Sustainable Energy Reviews, Journal Year: 2025, Volume and Issue: 211, P. 115307 - 115307

Published: Jan. 2, 2025

Language: Английский

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An interval-based bi-level day-ahead scheduling strategy for active distribution networks in the presence of energy communities

Sustainable Energy Grids and Networks, Journal Year: 2023, Volume and Issue: 35, P. 101088 - 101088

Published: June 13, 2023

Language: Английский

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Core-skin Co@NiCo-LDH as an efficient Mott-Schottky electrocatalyst for biomass upgrading coupled with hydrogen evolution

Chemical Engineering Journal, Journal Year: 2023, Volume and Issue: 474, P. 145905 - 145905

Published: Sept. 9, 2023

Language: Английский

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Community-based virtual power plants’ technology and circular economy models in the energy sector: A Techno-economy study

Renewable and Sustainable Energy Reviews, Journal Year: 2023, Volume and Issue: 192, P. 114189 - 114189

Published: Dec. 23, 2023

Language: Английский

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The Emerging Trends of Renewable Energy Communities’ Development in Italy

Sustainability, Journal Year: 2023, Volume and Issue: 15(8), P. 6792 - 6792

Published: April 18, 2023

Increasing concerns over climate change and energy poverty have triggered the transition toward a decentralized system through widespread adoption of renewable technologies. Although this was led, past decades, mainly by major investors large industrial players, citizens local authorities are increasingly playing an active role in delivering clean investments. In particular, current European Renewable Energy Directive introduced Communities (RECs), which allow to collectively organize their participation market, leading more distributed new forms sustainable, collaborative, democratic economies. RECs currently under implementation show differences among countries due different national contexts. A literature review exploring peculiar Italian regulatory framework on its recent evolution has been carried out identify available regional financial support mechanisms, barriers, emerging trends diffusion across country. The paper reviews describes three main approaches that emerged development Italy, discussing strengths, limitations. addition, it provides brief comparison countries, highlighting distinctive features experience. Italy involved combination both public private initiatives, as promoters aggregators is evident. This helps preserve social impact but might slow down bureaucratic issues often linked procedures procurement processes, well lack sufficient expertise within authorities.

Language: Английский

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