PERFORMANCE EVALUATION OF SUSTAINABLE ENERGY ALTERNATIVES TO OBTAIN EFFICIENT HYBRID ENERGY INVESTMENTS

DİNÇER H., YÜKSEL S., Hacioğlu Ü., Gherghina Ş. C.

Technological and Economic Development of Economy, vol.30, no.5, pp.1533-1552, 2024 (SSCI) identifier

  • Publication Type: Article / Article
  • Volume: 30 Issue: 5
  • Publication Date: 2024
  • Doi Number: 10.3846/tede.2024.21462
  • Journal Name: Technological and Economic Development of Economy
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, Academic Search Premier, ABI/INFORM, Business Source Elite, Business Source Premier, Central & Eastern European Academic Source (CEEAS), ICONDA Bibliographic, Directory of Open Access Journals, Civil Engineering Abstracts
  • Page Numbers: pp.1533-1552
  • Keywords: energy investments, hybrid energy, q-ROFs, renewable energy, Shapley value, SWARA
  • Istanbul Medipol University Affiliated: Yes

Abstract

This study evaluates the synergy of coalition for hybrid renewable energy (RWB) system alternatives. In this context, the alternative sources of hybrid RWB system are examined to illustrate the impact-relation directions among them with multi SWARA based on q-ROFs and golden cut. Next, the performances of renewable alternatives are measured in terms of the synergy of coalition with game theory and Shapley value. It is concluded that solar energy is the most suitable RWB alternative for synergy to increase efficiency in investments. However, biomass does not have a significant influence on providing synergy in energy investments. Therefore, solar energy should be prioritized for hybrid energy investments. Especially with the effect of technological developments, the efficiency of solar energy investments increases significantly. Thus, solar energy investments have become quite suitable for increasing the synergy in hybrid energy projects. Furthermore, necessary research should be conducted to make biomass energy more efficient.