Techno-economic and carbon emission assessment of a large-scale floating solar pv system for sustainable energy generation in support of malaysia’s renewable energy roadmap

Islam, Md. Imamul and Jadin, Mohd Shawal and Mansur, Ahmed Al and Mohamed Kamari, Nor Azwan and Jamal, Taskin and Hossain Lipu, Molla Shahadat and Mohd Azlan, Mohd Nurulakla and Sarker, Mahidur R. and Shihavuddin, A.S.M. (2023) Techno-economic and carbon emission assessment of a large-scale floating solar pv system for sustainable energy generation in support of malaysia’s renewable energy roadmap. Energies, 16 (4034). pp. 1-32. ISSN 1996-1073. (Published)

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Abstract

Energy generation from renewable sources is a global trend due to the carbon emissions generated by fossil fuels, which cause serious harm to the ecosystem. As per the long-term goals of the ASEAN countries, the Malaysian government established a target of 31% renewable energy generation by 2025 to facilitate ongoing carbon emission reductions. To reach the goal, a large-scale solar auction is one of the most impactful initiatives among the four potential strategies taken by the government. To assist the Malaysian government’s large-scale solar policy as detailed in the national renewable energy roadmap, this article investigated the techno-economic and feasibility aspects of a 10 MW floating solar PV system at UMP Lake. The PVsyst 7.3 software was used to develop and compute energy production and loss estimation. The plant is anticipated to produce 17,960 MWh of energy annually at a levelized cost of energy of USD 0.052/kWh. The facility requires USD 8.94 million in capital costs that would be recovered within a payback period of 9.5 years from the date of operation. The plant is expected to reduce carbon emissions by 11,135.2 tons annually. The proposed facility would ensure optimal usage of UMP Lake and contribute to the Malaysian government’s efforts toward sustainable growth.

Item Type: Article
Additional Information: Indexed by Scopus
Uncontrolled Keywords: CO2 reduction; Feasibility assessment; Floating solar PV; Large-scale solar; LCOE
Subjects: T Technology > TA Engineering (General). Civil engineering (General)
T Technology > TK Electrical engineering. Electronics Nuclear engineering
Faculty/Division: Faculty of Electrical and Electronic Engineering Technology
Institute of Postgraduate Studies
Depositing User: Mr Muhamad Firdaus Janih@Jaini
Date Deposited: 05 Sep 2023 00:01
Last Modified: 05 Sep 2023 00:01
URI: http://umpir.ump.edu.my/id/eprint/38336
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