  The integration of large-scale renewable generation has major implications on
the operation of power systems, two of which we address in this work. First,
system operators have to deal with higher degrees of uncertainty due to
forecast errors and variability in renewable energy production. Second, with
abundant potential of renewable generation in remote locations, there is an
increasing interest in the use of High Voltage Direct Current lines (HVDC) to
increase transmission capacity. These HVDC transmission lines and the
flexibility and controllability they offer must be incorporated effectively and
safely into the system. In this work, we introduce an optimization tool that
addresses both challenges by incorporating the full AC power flow equations,
chance constraints to address the uncertainty of renewable infeed, modelling of
point-to-point HVDC lines, and optimized corrective control policies to model
the generator and HVDC response to uncertainty. The main contributions are
twofold. First, we introduce a HVDC line model and the corresponding HVDC
participation factors in a chance-constrained AC-OPF framework. Second, we
modify an existing algorithm for solving the chance-constrained AC-OPF to allow
for optimization of the generation and HVDC participation factors. Using
realistic wind forecast data, for 10 and IEEE 39 bus systems with HVDC lines
and wind farms, we show that our proposed OPF formulation achieves good in- and
out-of-sample performance whereas not considering uncertainty leads to high
constraint violation probabilities. In addition, we find that optimizing the
participation factors reduces the cost of uncertainty significantly.
