IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v222y2024ics0960148123018013.html
   My bibliography  Save this article

Techno-economic assessment of residential and farm-based photovoltaic systems

Author

Listed:
  • Huda, Adri
  • Kurniawan, Ian
  • Purba, Khairul Fahmi
  • Ichwani, Reisya
  • Aryansyah,
  • Fionasari, Richa

Abstract

The present study aims to provide a techno-economic analysis of two commonly used photovoltaic (PV) systems, Residential PV (RPV), and Farm-based PV systems (FPV) in Ogan Komering Ulu (OKU), South Sumatra, Indonesia. The study includes calculating the potential power output using simulation by the PVsyst program, the economic calculations, and the sensitivity test. The result showed that the average Global Horizontal Irradiance (GHI) was 4.8 kWh/m2 and fluctuated depending on the location and seasons. The economic analysis found that both photovoltaic systems were profitable investments and less risky projects. Further economic analysis confirmed that the different size of PV system has no competitiveness in economic profitability, but the Payment Back Period (PBP) depends on the annual profit and investment size. The sensitivity analysis found that the selling depreciation has the greatest impact on the viability of PV investment, while Operation and Maintenance (O&M) fluctuation has no significant effects. These findings provide an overview of how investing in PV technologies in Indonesia could benefit people of all financial backgrounds. The government of Republic of Indonesia could start regulating the PV investment bankable to stimulate more people in Indonesia to participate in green energy investment. This collaboration potentially helps the government of the Republic of Indonesia in meeting its energy transition goal by 2045.

Suggested Citation

  • Huda, Adri & Kurniawan, Ian & Purba, Khairul Fahmi & Ichwani, Reisya & Aryansyah, & Fionasari, Richa, 2024. "Techno-economic assessment of residential and farm-based photovoltaic systems," Renewable Energy, Elsevier, vol. 222(C).
    • Handle: RePEc:eee:renene:v:222:y:2024:i:c:s0960148123018013
    DOI: 10.1016/j.renene.2023.119886
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148123018013
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2023.119886?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:222:y:2024:i:c:s0960148123018013. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.