What is Loss of Supply Probability

If properly designed and utilized, earth has rich potential of clean energy in satisfying the energy demand of the world. In this chapter, nature-inspired methodology was employed to optimize hybrids of renewable energy system in the case of Jeldu district of Ethiopia. The main goal of the researchers here is to minimize the total annual cost of the system, which can be designed by using appropriate numbers of components based on the pre-designed constraints to satisfy the load demand. MATLAB code was designed for the proposed methodology, and the results were discussed. It was seen from the result that the proposed approach has solved the optimum sizing of defined problem with high convergence. The results show that energy demand of the village can be optimally satisfied by the use of wind and solar hybrid system. Moreover, the application of this chapter is important for countries like Ethiopia to increase access to electricity.