Economic Feasibility Investigation of On-Grid and Off-Grid Solar Photovoltaic System Installation in Central Java

Arifin, Zainal; Rosli, Mohd A. M.; Prasojo, Yudin J.; Alfaiz, Noval F.; Prasetyo, Singgih D.; Mulyani, Windi

doi:10.18280/ijepm.080305

Cited by 3 publications

(1 citation statement)

References 22 publications

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“…The depletion of fossil fuel reserves, coupled with the exacerbation of the greenhouse effect, has catalyzed a quest for alternative, eco-friendlier energy sources [3]. Renewable energy is being widely researched and developed to overcome these various problems [4,5]. Intensive development has positioned solar energy as a renewable frontrunner [6].…”

Section: Introductionmentioning

confidence: 99%

Techno-Economic Evaluation of Hybrid Photovoltaic-Wind Energy Systems for Indonesian Government Buildings

Prasetyo,

Regannanta,

Birawa

et al. 2023

JSE

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The burgeoning population in Indonesia necessitates an escalation in energy provision. The reliance on diminishing fossil fuels, coupled with their adverse environmental repercussions, propels the exploration of renewable alternatives. This study investigates the techno-economic viability of implementing hybrid photovoltaic (PV) and wind turbine systems across government edifices within five urban locales: Semarang, Surabaya, Yogyakarta, Jakarta, and Denpasar. Employing the Hybrid Optimization Model for Electric Renewables (HOMER), simulations and optimizations of the hybrid systems were conducted, aiming to fulfil an electrical demand of 2636.1 kWh. The analysis is predicated on a 25-year operational lifespan. Results indicate that Denpasar presents the optimum potential for the hybrid system, with an annual electricity generation of 1,360,195 kWh surpassing the consumption demand of 1,214,136 kWh. The Net Present Cost (NPC) is calculated at IDR 27,529,340,000.00 and the Cost of Energy (COE) at IDR 997.17, yielding an attractive investment prospect with a Break Even Point (BEP) at 8.2 years. The estimated initial outlay for the Denpasar government building's PV system stands at IDR 4,149,376,743.96. The findings underscore the financial and technical feasibility of harnessing solar and wind synergies for sustainable energy solutions in Indonesian government infrastructure. These outcomes have pivotal implications for policymaking and strategic energy planning, demonstrating a replicable model for renewable integration in similar tropical regions.

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Section: Introductionmentioning

confidence: 99%

Techno-Economic Evaluation of Hybrid Photovoltaic-Wind Energy Systems for Indonesian Government Buildings

Prasetyo,

Regannanta,

Birawa

et al. 2023

JSE

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Modelling and optimising of MED-TVC seawater desalination plants assisted with electric heaters

Shahouni,

Abbasi,

Kord

et al. 2024

Water Resources and Industry

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Feasibility of Solar Power Generating from a Techno-Economic Side Towards the Implementation of Green Manufacturing

Martin,

Simamora

2024

RGSA

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Objective: Solar Power Plants (SPP) operated by companies or organizations are expected to positively impact the company's performance. It can support the commitment to implementing environmentally friendly manufacturing practices to sustain the environment for living beings. Theoretical Framework: This study aims to analyze the techno-economic feasibility of implementing the photovoltaic (PV) system so the results can serve as a reference for companies planning to operate PV systems. Method: The ARIMA and degradation rate analysis methods measure the feasibility of a 188.46 kW installed PV system over its 1–30-year lifecycle. This includes measuring the estimated electricity produced, Return on Investment (ROI), Payback Period (PBP), and the reduction in Carbon Emissions based on the electricity production of the PV system. Results and Discussion: The techno-economic analysis estimated an electricity output of 5,117,149 kWh over 30 years, with an ROI of 80.6%, equivalent to Rp 132,233,883 million per year, a PBP of 15 years, and a carbon emission reduction of 152 tCO2eq per year. The study concludes that investing in a self-operated PV system can meet 19% of the company's total electricity consumption, reducing reliance on fossil fuel-based electricity sources. Additionally, the company can manage costs of approximately Rp 14,429,005 per month from operational electricity consumption. Research Implications: The implications of this research, providing additional insights for the development of new renewable energy. Value: PV systems can positively impact the environment by significantly reducing carbon emissions, accounting for around 19% of monthly electricity consumption.

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Economic Feasibility Investigation of On-Grid and Off-Grid Solar Photovoltaic System Installation in Central Java

Cited by 3 publications

References 22 publications

Techno-Economic Evaluation of Hybrid Photovoltaic-Wind Energy Systems for Indonesian Government Buildings

Techno-Economic Evaluation of Hybrid Photovoltaic-Wind Energy Systems for Indonesian Government Buildings

Modelling and optimising of MED-TVC seawater desalination plants assisted with electric heaters

Feasibility of Solar Power Generating from a Techno-Economic Side Towards the Implementation of Green Manufacturing

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