An effective sizing study on PV-wind-battery hybrid renewable energy systems

•A novel method is implemented to study the effect of solar panel tilt angle and optimal hub height on the optimal sizing of PV-WT based hybrid system components.•Sensitivity analysis for changing the turbine hub height, solar panel tilt angle, project life time on systems NPC, COE are presented.•This method will be helpful to find out the optimal sizing of storage system.•Feasibility assessment of the standalone PV-wind based HRES systems is performed. Hybrid renewable energy system is the effective and efficient way of energy harvesting in remote or isolated areas having the advantage of harnessing of multiple renewable sources at a time. Solar, wind and battery-based hybrid system is one of the most promising alternatives in this field. Sizing of the system components depend on various technical and economical specifications. The research studied the effect of solar panel tilt angle and wind turbine hub height on sizing optimization of PV wind battery-based hybrid renewable energy system using HOMER software. Through empirical method, an optimal monthly, seasonal, yearly optimal tilt angle and wind turbine hub height have been computed. These values are used in addition with various other technical and economical specifications in order to determine the optimal sizing of hybrid system. At first, three different scenarios have been considered for the study of yearly, seasonal, and monthly optimal tilt angle with an optimized hub height for the wind turbine. Then, a comparative analysis of the sizing of hybrid system at unoptimized and optimized tilt angle and hub height have also been done. Furthermore, a detailed comparative and sensitivity analysis have also been performed across different scenarios and approaches. A detailed financial study for policy planning and implementation issues with other, traditional state of the art approaches significantly demonstrates the effectiveness of the proposed method for optimal sizing of the hybrid system.