Title: Sustainable Energy Portfolios for Small Island States
Authors: SZABO SandorKOUGIAS IOANNISMONER GIRONA MagdaBODIS Katalin
Citation: SUSTAINABILITY vol. 7 no. 9 p. 12340-12358
Publisher: MDPI AG
Publication Year: 2015
JRC N°: JRC96346
ISSN: 2071-1050
URI: http://www.mdpi.com/2071-1050/7/9/12340
http://publications.jrc.ec.europa.eu/repository/handle/JRC96346
DOI: 10.3390/su70912340
Type: Articles in periodicals and books
Abstract: The study presents a cost effective electricity generation portfolio for six island states for a 20-year period (2015-2035). The underlying concept investigates whether adding sizeable power capacities of renewable energy sources (RES) options could decrease the overall costs and contribute to a more sustainable, indigenous electricity generation at the same time. Often, island states rely on fossil fuels which apart from dependence on foreign resources also includes an additional, significant transport cost. This is an extra motive to study the extent in which island states represent primary locations for RES technologies. For the aims of the present study an optimization model has been developed and following numerous runs the obtained results show that installing PV and battery capacities can delay-reduce the huge investments in fossil options in early periods. Thus, investment on RES can have a positive, long-term effect on the overall energy mix. This prompt development can happen without adding new subsidies but there is a need to address the existing socio-economic barriers with intelligent design of financing and economic instruments and capacity building as discussed in the conclusions.
JRC Directorate:Energy, Transport and Climate

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