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What is IRR

Emerging Materials, Technologies, and Solutions for Energy Harvesting
Internal rate of return
Published in Chapter:
Green Energy Harvesting for Supply Autonomy of a Tourist Town With Solar and Wind Energy Resources
Dharmbir Prasad (Asansol Engineering College, India), Rudra Pratap Singh (Asansol Engineering College, India), ­ Tanuja (Asansol Engineering College, India), Ranadip Roy (Sanaka Educational Trust's Group of Institutions, Durgapur, India), and Md. Irfan Khan (IAC Electricals Pvt. Ltd., Kolkata, India)
DOI: 10.4018/979-8-3693-2003-7.ch012
The accelerating demand for clean and sustainable energy sources has led to increased interest in harnessing solar and wind energy. This study suggested an integrated energy harvesting system consisting of solar and wind resources in the tourist town Manali, Himachal Pradesh. The goal of this system is to make use of the ample amount of sunlight and wind resources available in this area. The solar modules are positioned in such a manner that they capture maximum sunlight across Manali's varying terrains. Simultaneously, wind turbines are located to leverage the region's wind turbine to ensure continuous and wind ranging energy supply. The combined output from solar and wind is then directed to a sophisticated super capacitor-based energy storage system. The study also focuses on economic feasibility, environmental impact, and long-term sustainability.
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