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This chapter proposes a model based on the IF-TOPSIS method and the DIFWGϵ operator for the evaluation of renewable power plants. The model uses five reliability-based criteria and addresses the dynamic factors associated with renewable power plant operations. The factors include: the changing energy demand and consumption, the changing environmental conditions, rapidly increasing population, social activities, and awareness. The result from the evaluation shows that the Solar power plant (S3) is the most preferred power source considering the dynamic factors associated with the plant operation, the plant location, and the reliability-based criteria used for the assessment.