ECHNO ECONOMIC STUDY OF FLOATING SOLAR PHOTOVOLTAIC PROJECT IN INDONESIA USING RETSCREEN

• Main Author: Rifansyah, Muhammad
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/80756
• Institution: Institut Teknologi Bandung

The global shift towards renewable energy, driven by environmental imperatives and the depletion of conventional fossil fuels, underscores the critical role of solar energy in achieving sustainable power production. Indonesia, endowed with abundant sunlight and committed to achieving carbon neutrality by 2060, provides a compelling rationale for embracing solar energy, particularly through innovative solutions like floating photovoltaic (PV) systems. This study seeks to undertake a sophisticated analysis of the Techno-Economic Feasibility of Indonesia's Cirata 145 MW floating solar PV project, utilizing the RETScreen program. The focus lies in a comprehensive evaluation of financial viability, potential carbon emission reduction, and the provision of pragmatic recommendations for project optimization. The study delves into various scenarios involving carbon emission taxes, power tariffs, and loan interest rates, addressing a crucial void in existing research. However, sensitivity analysis underscores the project's susceptibility to variations in parameters, underscoring the necessity for meticulous risk management. Recommendations include the implementation of a 50 USD per metric ton of CO2 carbon tax credit, adjustment of the Cirata project tariff, and strategic resource allocation to urban-friendly floating solar PV systems. The findings underscore that, while the Cirata project holds promise for Indonesia's renewable energy objectives, a thorough risk assessment and alignment with international standards are indispensable for garnering investor interest. The study imparts invaluable insights tailored for policymakers, investors, and researchers actively involved in advancing sustainable energy initiatives.