100% Sustainable Electricity in the Faroe Islands: Expansion Planning Through Economic Optimization

SEV, the Faroese Power Company, has a vision to reach 100% renewable power system by 2030. SEV is committed achieve this, starting from 41% share of renewables in 2019. A detailed expansion plan for generation, storage and transmission needed this goal. This focus study. Practical constrains e.g. resource potential available space must be considered. Balmorel, an optimisation tool, been used optimise investments dispatch. method translate optimal results realistic RoadMap was developed applied. The impact different technologies costs investigated through multiple scenarios. In ratios average consumption 2030, installed will 224% wind, 105% solar with 8–9 days pumped hydro according proposed RoadMap. economically favorable up 87% renewables, but order production weather year, generation capacity increased 80%. study also shows that if biofules or tidal become viable, these game changers needing significantly lower total sum power.