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Demonstrates the future perspective of implementing renewable energy sources, electrical energy storage systems, and microgrid systems regarding high storage capability, smart-grid atmosphere, and techno-economic deployment.
In addition, many investigations are highlighted to ensure a better future direction, which can be considered for further research work. Microgrids (MGs) have emerged as a viable solution for consumers consisting of Distributed Energy Resources (DERs) and local loads within a smaller zone that can operate either in an autonomous or grid tide mode.
The control structures for MG can be broadly classified into four types, namely, (1) centralized, (2) decentralized, (3) distributed, and (4) hierarchical. Fig. 10 depicts the graphical representation of the control structures of MG. Fig. 10. Control structures of microgrid .
Three DGs (Fuel Cell (FC), Photovoltaic (PV), Diesel Generator) and two ESSs (hybrid) and a transfer switch (at PCC) are present in the configuration. The MG could operate either in an islanded or grid-connected mode. Fig. 2. Schematic structure of microgrid. 2.1. Microgrid architecture
On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
Customs Supervision Regulations: New rules to streamline customs operations and enhance trade efficiency. These measures aim to establish independent customs operations, enabling seamless trade flows and strengthening Hainan’s position as a global trade hub.
South China’s tropical island province of Hainan is intensifying efforts to establish itself as a high-level free trade port (FTP) by 2025. Key plans were outlined in a government work report presented during the annual session of the Hainan Provincial People’s Congress on Tuesday.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
