Fengxi Microgrid Project Bidding

Can microgrids be financed?

Microgrids can be financed if the components (and potentially the entire system) can be justified economically and paid for out of energy savings or avoided costs.

Are microgrids a potential for a modernized electric infrastructure?

1. Introduction Electricity distribution networks globally are undergoing a transformation, driven by the emergence of new distributed energy resources (DERs), including microgrids (MGs). The MG is a promising potential for a modernized electric infrastructure , .

Does implementing a microgrid reduce energy costs?

Implementing a microgrid reduces annual energy costs. It also decreases the power needed for critical loads, which can result in a reduced size and cost of the microgrid.

What technical challenges did the microgrids project face?

Similar technical challenges were explored by the European Union MICROGRIDS project such as energy management, safe islanding and re-connection practices, protection equipment, control strategies under islanded and connected scenarios, and communications protocols .

Can microgrids improve energy resilience?

Since microgrids are not the only way to enhance energy resilience, communities may want to consider alternate resilience investment options, including hardening existing transmission and distribution systems, weatherizing power generation sources, and building additional distribution systems to provide energy supply redundancy.

Can a microgrid be financed by a utility privatization?

Utility privatization (UP) can be a potential approach for financing microgrid implementation if an agency has the appropriate authority to enter into this type of agreement.