Renewable power capacity sets records annually, driven by solar photovoltaic power, which accounts for more than half of all renewable power expansion in 2021. In this sense, photovoltaic system design must be correctly defined before system installation to generate the maximum quantity of energy at the lowest possible cost. The proposed study analyses the oversizing of the solar array vs. the capacity of the solar inverter, seeking low clipping losses in the inverter. A real 4.2 kWp residential PV installation was modelled and validated using the software SAM and input data from different sources, such as a weather station for weather conditions, ESIOS for electricity rates, and FusionSolar to obtain energy data from the PV installation. Once data were validated through SAM, the DC to AC ratio was varied between 0.9 and 2.1. The azimuth and slope sensitivity analyses were performed regarding clipping inverter losses. Results have been evaluated through the energy generated and the discounted payback period, showing that, depending on the weather conditions, slope, and azimuth, among others, it is advisable to increase the DC to AC ratio to values between 1.63 and 1.87, implying low discounted payback periods of about 8 to 9 years. In addition, it was observed that inverter clipping losses significantly vary depending on the defined azimuth and slope.

The decarbonization of the electric generation system is fundamental to reaching the desired scenario of zero greenhouse gas emissions. For this purpose, this study describes the combined utilization of renewable sources (PV and wind), which are mature and cost-effective renewable technologies. Storage technologies are also considered (pumping storage and mega-batteries) to manage the variability in the generation inherent to renewable sources. This work also analyzes the combined use of renewable energies with storage systems for a total electrification scenario of Grand Canary Island (Spain). After analyzing the natural site’s resource constraints and focusing on having a techno-economically feasible, zero-emission, and low-waste renewable generation mix, six scenarios for 2040 are considered combining demand response and business as usual. The most optimal solution is the scenario with the maximum demand response, consisting of 3700 MW of PV, around 700 MW of off-shore wind system, 607 MW of pump storage, and 2300 MW of EV batteries capacity. The initial investment would be EUR 8065 million, and the LCOE close to EUR 0.11/kWh, making the total NPC EUR 13,655 million. The payback is 12.4 years, and the internal rate of return is 6.39%.