Profitability Analysis Among PV Installation Technologies from Technical and Policy Aspects in Indonesia

The National Electricity Supply Business Plan 2021-2030 is a strong commitment from Indonesia's government to fulfill the pathway toward Net Zero Emissions. Among other renewable energy development plans, the photovoltaic (PV) power plants have the highest capacity increase during the 2021-2030...

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Bibliographic Details
Published in2023 International Conference on Technology and Policy in Energy and Electric Power (ICT-PEP) pp. 288 - 292
Main Authors Suryawan, Fajar Budi, Yong-Beum, Yoon, Soo-jin, Park
Format Conference Proceeding
LanguageEnglish
Published IEEE 02.10.2023
Subjects
Costs
floating PV
Government
ground-mounted PV
Indonesia's national electric supply business plan 2021-2030
Net zero
net zero emissions
Profitability
PV profitability analysis
PV technology characteristic
PVsyst modeling
Renewable energy sources
rooftop PV
Simulation
Software
sustainability
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Summary:The National Electricity Supply Business Plan 2021-2030 is a strong commitment from Indonesia's government to fulfill the pathway toward Net Zero Emissions. Among other renewable energy development plans, the photovoltaic (PV) power plants have the highest capacity increase during the 2021-2030 period, around 6,023%. Currently, PV power plants in Indonesia were installed in 3 types of technology (rooftop, floating, and ground-mounted) with pros and cons in each type of technology. Considering the scale of PV power plant development and the limited resources of the country, PV power plant development has to prioritize the technology which provides the highest profit to promote sustainability. This paper developed a method to compare and investigate the variety of PV power plant installation technology's achievable returns using modeling software that takes into account the variability of the energy yield (using the thermal losses approach), the variability of the commercial scheme, and the variability of the related cost of each installation technology according to Indonesia's policy. The simulation results using PVsyst as modeling software together with the current business model and policy regulations show that ground-mounted PV installation has the highest achievable return. Floating PV comes in second, and then rooftop PV is the last.
DOI:10.1109/ICT-PEP60152.2023.10351134