Stochastic Assessment of Renewable Energy Reliability: A Case Study of North Euboea, Greece
by
G.-Fivos Sargentis
,
Nikolaos Papadodimas
,
Ioannis Benekos
,
Nikolaos M. Katsoulakos
,
Panayiotis Dimitriadis
,
Nikos Tepetidis
,
Romanos Ioannidis
,
Ilias Arvanitidis
,
Marios Athanasios Angelidis
,
Danai Saperopoulou
,
Georgios David Laoutaris
,
Matthaios Maravelakis
,
Orestis I. Amiralis
,
David Markantonis
,
Athanasia Alexandridou
,
Nikos Mamassis
and
Demetris Koutsoyiannis
Abstract
The increasing penetration of renewable energy sources (RES) in the energy mix, particularly solar photovoltaic and wind power, poses significant challenges to electricity grid reliability due to their inherent stochastic variability. This study develops a stochastic framework to assess the ability of RES to balance electricity demand, with a focus on storage requirements and reliability implications. Using North Euboea, Greece, as a representative case study, normalized hourly time series of el [...]