INTERNATIONAL JOURNAL of RENEWABLE ENERGY RESEARCH E.C. Okonkwo et al., Vol.7, No.2, 2017 Techno-Economic Analysis of the Potential Utilization of a Hybrid PV-Wind Turbine System for Commercial Buildings in Jordan Eric Chekwube Okonkwo* ‡ , Chinedu Frank Okwose *, Serkan Abbasoglu * *Department of Energy System Engineering, Faculty of Engineering, Cyprus International University, North Cyprus (Erykado@gmail.com, Franqduff@yahoo.com, Sabbas@ciu.edu.tr) ‡ Corresponding Author; Eric Chekwube Okonkwo, Cyprus International University, North Cyprus, Tel: +90 533 833 2789, echekwube@ciu.edu.tr Received: 07.12.2016 Accepted:14.02.2017 Abstract- Though the Middle East boasts about 45% of global crude oil and natural gas reserves, not all countries in the region are endowed with such fossil fuel potentials. Jordan is one of such country with an energy dependency of about 96%. On the other hand, Jordan has tremendous renewable energy potentials as it abounds in the solar belt with solar irradiance ranging between 4 kWh/m² and 7 kWh/m² and good wind potential with wind resources exceeding 7m/s annually. Electricity tariff for commercial buildings is at $0.33 per kWh, and with governments’ introduction of feed-in-tariff and net energy metering systems in December 2013, the potential of renewable systems looks promising for grid connected systems. This study simulates the potential of a stand-alone hybrid system comprising PV and wind turbine to adequately meet the annual electricity need of 34.4 MWh for a hotel in Jordan, the technical feasibility and economic viability of the system is analyzed. Its economic potentials are compared to an on-grid system of PV-wind turbine to feed the same load while observing the effect of the implemented feed-in policy. The technical analysis shows that a 20 kW PV system and a 10 kW wind turbine can sufficiently supply the demand. Also, the economic indices obtained from the stand alone system showed a net present cost of $147,485 over its 25 years life span, a savings-investment ratio (SIR) of 1.924 and a payback period of 11 years. The grid connected hybrid system showed greater potentials with NPC of $98,712, SIR of 2.84 and payback time of 8.07 years. Keywords Renewable energy system, Hybrid System, Wind Turbine, Solar PV, HOMER software. 1. Introduction Jordan’s energy demand has steadily increased in recent years with an 8% increase in her population. This growth is majorly due to the influx of refugees from neighboring Syria and Iraq seeking shelter from Islamic state activities in the region [1]. With oil reserves under a million barrels when compared to its average yearly consumption. Jordan’s energy sector is largely dependent on imported oil [2]. With little investment in renewable energies like wind and hydropower, the country spends enormous sums of money on energy bills and its electricity tariff has increased from 5 to 15 % in the past two years. In 2014, the country’s imported fuels accounted for 40% of the national budget [1] which led to the government’s resolve to remove all subsidies on electricity by 2017. Also, this is a country with vast solar and wind potentials. Jordan’s national energy center has projected the countries solar power usage to reach 10 MW by 2020. Currently, this application is used in water pumping, desalination, lightening, telecommunication base stations, and schools. The high cost of investment in this technology and high payback period has meant that most residents and small/medium scale commercial businesses have shied away from investing in renewables. However, with the introduction of a feed-in-tariff system by the government in December 2012 [3], the potential profits of grid-connected systems are attractive with a 53% rebate for feed-in systems [3, 4]. The focus of this research is on the potential deployment of solar and wind energy systems in Jordan for electricity generation. The technical and economic possibilities of utilizing a hybrid renewable system to meet the power demand of a hotel in Ajloun situated 76 km