Techno-Economic Assessment of Solar Power Plants on River Land in Indonesia Using HOMER Pro
Journal Title: Journal of Urban Development and Management - Year 2024, Vol 3, Issue 3
Abstract
The increasing urgency of climate change mitigation necessitates the adoption of renewable energy sources to meet the growing demand for clean energy. Solar energy, in particular, presents a viable solution, contingent on the availability of sufficient land to optimize power generation. River land offers an alternative location for solar power plants, potentially conserving valuable land resources while providing a natural cooling medium for solar panels to enhance efficiency. This study evaluates the techno-economic feasibility of establishing a solar power plant system (PLTS) on river land in Surakarta City, Indonesia, using simulations conducted with the Hybrid Optimization Model for Electric Renewables (HOMER) software. The simulation considers both on-grid and off-grid systems, with a daily energy demand of 2,947.236 kWh projected over a 25-year period at the Tirtonadi Dam site. The On-Grid system demonstrated a total annual energy production of 885,358 kWh, significantly outperforming the off-grid system, which produced 34,400 kWh annually. The Net Present Cost (NPC) for the on-grid system was calculated to be USD 1,805,634.01, while the off-grid system's NPC was substantially lower at USD 1,970.18. The Levelized Cost of Energy (COE) for the on-grid system was found to be USD 0.09 per kWh, compared to USD 0.10 per kWh for the off-grid system, indicating favourable investment potential. The breakeven point (BEP) for the On-Grid system was achieved in the 0.54th year. The initial capital expenditure required to implement the on-grid PLTS at Tirtonadi Dam was estimated at approximately USD 47,782.10, while the off-grid system's initial cost was around USD 1,923.77. These findings suggest that the deployment of solar power plants on river land, particularly with an on-grid configuration, is a technically viable and economically advantageous approach to enhancing renewable energy capacity in Indonesia.
Authors and Affiliations
Singgih Dwi Prasetyo, Bintang Bangkit Putra Pranata, Muhammad Salman Alfaridzi, Zainal Arifin, Catur Harsito, Mochamad Subchan Mauludin, Arya Kusumawardana
Keywords
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- EP ID EP752443
- DOI https://doi.org/10.56578/judm030302
- Views 19
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