Investment Feasibility Analysis of Rooftop Solar Power Plant for Spare Parts Supply Company
DOI:
https://doi.org/10.46984/sebatik.v28i2.2386Keywords:
Green economy, Energy management system, Hybrid energy, Solar cell, Affordable electricityAbstract
A sustainable economic approach involves achieving economic growth while preserving the environment. One solution aligned with green economy initiatives is the Solar Power Plant (PLTS), which utilizes sunlight as the primary energy source to generate electricity. In response to increasing energy demand and growing environmental concerns, a spare parts supply company in Karawang, West Java, has decided to adopt hybrid energy by investing in renewable energy sources through the installation of an on-grid Solar Power Plant (PLTS) on the factory roof. This study aims to evaluate the financial feasibility of this green economic initiative. The analysis considers various aspects, including initial investment costs, operational and maintenance expenses for key components (solar modules and inverters), potential savings in electricity costs, and the projected return on investment over a specific period. The financial analysis methods applied include Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (DPP), and Profitability Index (PI) to determine the project's economic viability. The findings indicate that the DPP is 2.43 years (well below the 25-year lifespan), NPV is Rp 1,433,144,387.92 (positive and greater than 1), IRR is 46.31% (exceeding the 5.75% benchmark), and PI is 1.95 (greater than 1). Based on these results, it can be concluded that the construction of a rooftop solar power plant with an on-grid system is a financially viable investment for the spare parts supply company in Karawang, West Java.
References
Jamil, A. R. (2021). Rancang Bangun Pembangkit Listrik Tenaga Surya On Grid Berbasis Iot Thingspeak.
Anwar, F., & Rijanto, T. (2023). Analisis Perencanaan Plts On Grid Menggunakan Helioscope (Studi Kasus PLTS On Grid 40 KWp Di Gedung Asrama Putri Universitas Airlangga). 4(2). https://doi.org/10.24036/jtein.v4i2.455
PRIYONO, A. (2018). Evaluasi Profitabilitas Investasi Modal Dengan Metode Net Present Value (Npv) Dan Internal Rate Of Return (Irr) Di Pt. Gudang Garam Group Tbk Karawang, Jawa Barat (Doctoral dissertation, institut teknologi sepuluh november).
Bayu, H., & Windarta, J. (2021). Tinjauan Kebijakan dan Regulasi Pengembangan PLTS di Indonesia. Jurnal Energi Baru dan Terbarukan, 2(3), 123–132. https://doi.org/10.14710/jebt.2021.10043
Hidayat, F., Winardi, B., & Nugroho, A. (t.t.). ANALISIS EKONOMI PERENCANAAN PEMBANGKIT LISTRIK TENAGA SURYA (PLTS) DI DEPARTEMEN TEKNIK ELEKTRO UNIVERSITAS DIPONEGORO.
Hiswandi, M. F., Iswahyudi, F., & Soeroto, W. M. (2023). ANALISIS KELAYAKAN INVESTASI PEMBANGKIT LISTRIK TENAGA SURYA ATAP DENGAN SISTEM ON-GRID DI PABRIK MINUMAN SIAP SAJI. Sebatik, 27(1), 22–29. https://doi.org/10.46984/sebatik.v27i1.2246
Karuniawan, E. A. (2021). Analisis Perangkat Lunak PVSYST, PVSOL dan HelioScope dalam Simulasi Fixed Tilt Photovoltaic. Jurnal Teknologi Elektro, 12(3), 100. https://doi.org/10.22441/jte.2021.v12i3.001
Kurniawan, R. (2019). Analisis Studi Kelayakan Keuangan Sentra Peningkatan Performa Olahraga Indonesia (SP2OI) di Menara Mandiri. Analisis Studi Kelayakan Keuangan Sentra Peningkatan Performa Olahraga Indonesia (SP2OI) Di Menara Mandiri, 2.
Peprah, F., Aboagye, B., Amo-Boateng, M., Gyamfi, S., & Effah-Donyina, E. (2023). Economic evaluation of solar PV electricity prosumption in Ghana. Solar Compass, 5, 100035. https://doi.org/10.1016/j.solcom.2023.100035
Putu D W, I., Nyoman S, I., Wayan S, I., Raya Kampus Unud No, J., Kuta Sel, K., & Badung, K. (t.t.). Maret 2022 I Putu Dedi Wiriastika, I Nyoman Setiawan (Vol. 9, Nomor 1).
Putri, E. S., & Wisudanto, W. (2017). Struktur pembiayaan pembangunan infrastruktur di indonesia penunjang pertumbuhan ekonomi. IPTEK Journal of Proceedings Series, 3(5).
Rezka Y P, & Imo G. (2012). ANALISIS KELAYAKAN INVESTASI DALAM PEMBANGUNAN STASIUN PENGISIAN BAHAN BAKAR ELPIJI (SPBE) STUDI KASUS PT BINTANG ABADI. Universitas Indonesia.
Ross, S. A., Westerfield, R., & Jaffe, J. F. (2005). Corporate Finance. McGraw-Hill/Irwin. https://books.google.co.id/books?id=1DexAAAAIAAJ
Sam, B., Manullang, D. W., Karamoy, H., Pontoh, W., Ekonomi dan Bisnis, F., & Akuntansi, J. (2019). ANALISIS KELAYAKAN INVESTASI AKTIVA TETAP (STUDI KASUS PADA CINCAU JO, BLENCHO DAN BROWNICE UNIT KREATIVITAS MAHASISWA UNIVERSITAS SAM RATULANGI) ANALYSIS OF FIXED ASSETS INVESTMENT FEASIBILITY (CASE STUDY ON CINCAU. 7(2), 2561–2570.
Sudarmono, S., Waluyo, J., & Wilopo, W. (2020). Perancangan Pembangkit Listrik Tenaga Surya (PLTS) Pembasmi Serangga Pada Tanaman Bawang Merah Di Kabupaten Brebes. Journal of Appropriate Technology for Community Services, 1(1), 35-39.
Sutawan, P. K., Kumara, I. N. S., & Ariastina, W. G. (2015). Simulasi Sistem Kontrol Operasi on Grid Serta Islanding Pembangkit Listrik Tenaga Surya Di Jurusan Teknik Elektro Universitas Udayana. Maj. Ilm. Teknol. Elektro, 14(2), 57.
Hidayatullah, F. (2023). Efisiensi Potensi Ekonomis Pembangkit Listrik Tenaga Surya (PLTS) Dan Pembangkit Listrik Tenaga Bayu (PLTB) Dalam Pemanfaatan Energi Terbarukan di Kepulauan Banyak Aceh Singkil Menggunakan RETScreen Expert (Doctoral dissertation, Universitas Malikussaleh).
Wardana, F. K., Qomaruddin, M., & Mas Soeroto, W. (2021). ANALISIS KELAYAKAN INVESTASI DENGAN PENDEKATAN ASPEK FINANCIAL DAN STRATEGI PEMASARAN PADA PROGRAM AYAM PETELUR DI BUM DESA BUMI MAKMUR. Sebatik, 25(2), 318–325. https://doi.org/10.46984/sebatik.v25i2.1633
Zamani, S. Z. (2022). Small and Medium Enterprises (SMEs) facing an evolving technological era: a systematic literature review on the adoption of technologies in SMEs. European Journal of Innovation Management, 25(6), 735-757.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Wisudanto, Iftinaniffah Qonitah, Wahyu Utomo
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain all their rights to the published works, such as (but not limited to) the following rights; Copyright and other proprietary rights relating to the article, such as patent rights, The right to use the substance of the article in own future works, including lectures and books, The right to reproduce the article for own purposes, The right to self-archive the article
