Abstract
Renewable energy (RE) resource assessment is essential for planners and investors to increase its penetration capacity, and improve social and economic security. Integration of renewable power generations (RPGs) and reactive power compensators (RPCs) offer potential benefits to the existing power system network by providing a prospect for voltage control, reduction in power losses, sustainability, and reliability improvement. There are proven outcomes with these RPGs and RPCs placement in distribution systems. This work proposes a candidature location and sizing of RPGs and RPCs optimally in the Indian utility transmission power system network. The foremost purpose of this integrated operation at multiple nodes is to increase the performance of the power system concerning power loss and voltage deviation reductions, and voltage stability improvement. The loss sensitivity factor (LSF) based particle swarm optimization (PSO) technique is adapted for finding the candidature locations and sizing the RPGs and RPCs under five different configurations. Simulation outcomes display the proposed methodology can lead to extensive performance enhancement in the power system towards the sustainable development of electric energy transactions. Further, renewable resource assessment is carried out to find the viability of the candidature locations. The potential of wind and solar energy resources is assessed widely and suitable tools are used to evaluate the power extraction through RE at these selected locations. The results show that the candidature locations have great potential to evacuate the energy, which can effectively improve the existing power system technically and economically. Additionally, it is attested that the RPGs can also be utilized for power system enhancement.