This paper considers a multi-year capacity expansion plan for an electric utility with the option of investing in solar generation units. It is demonstrated how issues such as randomness on both the demand and supply side of the problem, as well as the varying availability of solar energy may be...

This paper presents an integer programming model and algorithm for an electric utility capacity expansion problem which considers the option of investing in nondispatchable or renewable energy sources. A branch-and-bound algorithm is proposed for this problem in which the continuous relaxation...