Moment-based distributionally robust joint chance-constrained retrofit planning for wind-storage-thermal systems considering multiple time-scale correlations

Key Points

• The approach emphasizes robust optimization techniques to enhance system performance under uncertainty and variability.
• Key simulations indicate that incorporating multiple time-scale correlations significantly improves decision-making effectiveness.
• Chance-constrained methods are utilized to ensure that operational limits are met while minimizing costs.
• The findings highlight the importance of robust frameworks, which enhance adaptive strategies in renewable energy systems.