Budi, Rizki Firmansyah Setya and Sarjiya, Sarjiya and Hadi, Sasongko Pramono (2020) Economic Assessment of Rooftop Photovoltaic Investment by Considering Uncertainty Solar Irradiation: A case Study of Semarang City, Central Java, Indonesia. In: 2020 2nd International Conference on Smart Power & Internet Energy Systems (SPIES), 15-18 September 2020, Bangkok, Thailand.
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Rooftop Photovoltaic (PV) built by the private sector is an option to reduce the government's burden in achieving the new and renewable energy target. However, the fluctuating global horizontal irradiation (GHI) value causes uncertainty in the profit of rooftop PV investment and causes the private sector to doubt. Therefore, this research analyses the impact of the GHI uncertainty on the economics of rooftop PV investments. This research used Semarang city as a case study. The uncertainty was modelled using the Monte Carlo simulation. The results show that the levelized cost of electricity (LCOE) is always below the tariff and above the generation cost. It implies that it is more profitable if it is built by the private sector (PLN's customers) rather than build by PT. PLN itself. The LCOE of rooftop PV in Semarang has an average value of 8.23 cents USD/kWh with an average net present of 11,265 USD. © 2020 IEEE.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Additional Information: | Cited by: 4; Conference name: 2nd International Conference on Smart Power and Internet Energy Systems, SPIES 2020; Conference date: 15 September 2020 through 18 September 2020; Conference code: 164704 |
| Uncontrolled Keywords: | Economic analysis; Irradiation; Monte Carlo methods; Profitability; Uncertainty analysis; Average values; Economic assessments; Generation cost; Levelized cost of electricities; Private sectors; Renewable energies; Research analysis; Solar irradiation; Investments |
| Subjects: | T Technology > TK Electrical engineering. Electronics Nuclear engineering |
| Divisions: | Faculty of Engineering > Electrical and Information Technology Department |
| Depositing User: | Sri JUNANDI |
| Date Deposited: | 22 May 2025 01:02 |
| Last Modified: | 22 May 2025 01:02 |
| URI: | https://ir.lib.ugm.ac.id/id/eprint/16753 |
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