Techno-Economic Analysis of Solar Photovoltaic System for Fishery Cold Storage Based on Ownership Models and Regulatory Boundaries in Indonesia

With Indonesia’s marine resources abundance, it is appropriate for Indonesia’s economic growth to gear towards the fisheries sector. Fishery management in Indonesia is still not operating optimally due to a lack of fisheries management infrastructure. This study took place at the Fish Auction Place...

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Autores principales:	Eko Adhi Setiawan, Humaid Thalib, Samsul Maarif
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	fishery sold storage photovoltaic LCOE ownership model regulation barrier Chemical technology TP1-1185 Chemistry QD1-999
Acceso en línea:	https://doaj.org/article/eddbf9ac12dc445bb8ca59949d9078b6
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spelling	oai:doaj.org-article:eddbf9ac12dc445bb8ca59949d9078b62021-11-25T18:51:03ZTechno-Economic Analysis of Solar Photovoltaic System for Fishery Cold Storage Based on Ownership Models and Regulatory Boundaries in Indonesia10.3390/pr91119732227-9717https://doaj.org/article/eddbf9ac12dc445bb8ca59949d9078b62021-11-01T00:00:00Zhttps://www.mdpi.com/2227-9717/9/11/1973https://doaj.org/toc/2227-9717With Indonesia’s marine resources abundance, it is appropriate for Indonesia’s economic growth to gear towards the fisheries sector. Fishery management in Indonesia is still not operating optimally due to a lack of fisheries management infrastructure. This study took place at the Fish Auction Place in Dadap Village, West Java, Indonesia. The actual problem is a fluctuation in fish catch due to seasonal factors that cause instability in fish prices and fishermen’s incomes. Furthermore, there is no cold storage for storing fish when the fish are abundant so that the quality of the fish will decrease. However, fishery cold storage is energy-intensive equipment, and there is a lack of electricity infrastructure in that coastal area. Renewable Energy Sources (RES) are the key for rural electricity because RES prices are lower, especially on-grid solar photovoltaic (PV), than fossil fuel-based. Consequently, the application of solar PV in Indonesia is still not optimal due to limited regulations. Regulations that hinder the economic value of On-grid PV system are the excess energy compensation percentage and the inverter capacity limitation. Therefore, in this study, we have modelled six regulatory scenarios related to On-grid PV system. The scenarios are how the current 65% excess energy compensation is changed to 85% and 100% (1:1 ratio) and remove the regulation regarding inverter capacity limitation. Furthermore, the ownership model of cold storage is also considered by dividing it into two models, which are commercial-based and community-based. These ownership models have different financial instruments. The simulation gives a new result by changing regulation assumptions that On-grid PV system has a lower Levelized Cost of Electricity (LCOE) than existing regulation because it can produce threefold more electricity to the utility grid with higher inverter capacity. Furthermore, the community-based cold storage rental price can be 16 % cheaper on average with all energy system topologies than the commercial-based ownership model. Then, by reducing the capital costs of solar modules and batteries in 2030, solar PV system’s LCOE will be lower by an average of 20%. It will result in an average reduction of 10% on cold storage rental prices. Finally, sensitivity analysis of the energy system is also conducted in this study. The result is that On-grid PV system is the most secure energy source against price fluctuations.Eko Adhi SetiawanHumaid ThalibSamsul MaarifMDPI AGarticlefisherysold storagephotovoltaicLCOEownership modelregulation barrierChemical technologyTP1-1185ChemistryQD1-999ENProcesses, Vol 9, Iss 1973, p 1973 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	fishery sold storage photovoltaic LCOE ownership model regulation barrier Chemical technology TP1-1185 Chemistry QD1-999
spellingShingle	fishery sold storage photovoltaic LCOE ownership model regulation barrier Chemical technology TP1-1185 Chemistry QD1-999 Eko Adhi Setiawan Humaid Thalib Samsul Maarif Techno-Economic Analysis of Solar Photovoltaic System for Fishery Cold Storage Based on Ownership Models and Regulatory Boundaries in Indonesia
description	With Indonesia’s marine resources abundance, it is appropriate for Indonesia’s economic growth to gear towards the fisheries sector. Fishery management in Indonesia is still not operating optimally due to a lack of fisheries management infrastructure. This study took place at the Fish Auction Place in Dadap Village, West Java, Indonesia. The actual problem is a fluctuation in fish catch due to seasonal factors that cause instability in fish prices and fishermen’s incomes. Furthermore, there is no cold storage for storing fish when the fish are abundant so that the quality of the fish will decrease. However, fishery cold storage is energy-intensive equipment, and there is a lack of electricity infrastructure in that coastal area. Renewable Energy Sources (RES) are the key for rural electricity because RES prices are lower, especially on-grid solar photovoltaic (PV), than fossil fuel-based. Consequently, the application of solar PV in Indonesia is still not optimal due to limited regulations. Regulations that hinder the economic value of On-grid PV system are the excess energy compensation percentage and the inverter capacity limitation. Therefore, in this study, we have modelled six regulatory scenarios related to On-grid PV system. The scenarios are how the current 65% excess energy compensation is changed to 85% and 100% (1:1 ratio) and remove the regulation regarding inverter capacity limitation. Furthermore, the ownership model of cold storage is also considered by dividing it into two models, which are commercial-based and community-based. These ownership models have different financial instruments. The simulation gives a new result by changing regulation assumptions that On-grid PV system has a lower Levelized Cost of Electricity (LCOE) than existing regulation because it can produce threefold more electricity to the utility grid with higher inverter capacity. Furthermore, the community-based cold storage rental price can be 16 % cheaper on average with all energy system topologies than the commercial-based ownership model. Then, by reducing the capital costs of solar modules and batteries in 2030, solar PV system’s LCOE will be lower by an average of 20%. It will result in an average reduction of 10% on cold storage rental prices. Finally, sensitivity analysis of the energy system is also conducted in this study. The result is that On-grid PV system is the most secure energy source against price fluctuations.
format	article
author	Eko Adhi Setiawan Humaid Thalib Samsul Maarif
author_facet	Eko Adhi Setiawan Humaid Thalib Samsul Maarif
author_sort	Eko Adhi Setiawan
title	Techno-Economic Analysis of Solar Photovoltaic System for Fishery Cold Storage Based on Ownership Models and Regulatory Boundaries in Indonesia
title_short	Techno-Economic Analysis of Solar Photovoltaic System for Fishery Cold Storage Based on Ownership Models and Regulatory Boundaries in Indonesia
title_full	Techno-Economic Analysis of Solar Photovoltaic System for Fishery Cold Storage Based on Ownership Models and Regulatory Boundaries in Indonesia
title_fullStr	Techno-Economic Analysis of Solar Photovoltaic System for Fishery Cold Storage Based on Ownership Models and Regulatory Boundaries in Indonesia
title_full_unstemmed	Techno-Economic Analysis of Solar Photovoltaic System for Fishery Cold Storage Based on Ownership Models and Regulatory Boundaries in Indonesia
title_sort	techno-economic analysis of solar photovoltaic system for fishery cold storage based on ownership models and regulatory boundaries in indonesia
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/eddbf9ac12dc445bb8ca59949d9078b6
work_keys_str_mv	AT ekoadhisetiawan technoeconomicanalysisofsolarphotovoltaicsystemforfisherycoldstoragebasedonownershipmodelsandregulatoryboundariesinindonesia AT humaidthalib technoeconomicanalysisofsolarphotovoltaicsystemforfisherycoldstoragebasedonownershipmodelsandregulatoryboundariesinindonesia AT samsulmaarif technoeconomicanalysisofsolarphotovoltaicsystemforfisherycoldstoragebasedonownershipmodelsandregulatoryboundariesinindonesia
_version_	1718410687010570240

Techno-Economic Analysis of Solar Photovoltaic System for Fishery Cold Storage Based on Ownership Models and Regulatory Boundaries in Indonesia

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