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

Md. Imamul Islam, Mohd Shawal Jadin, Ahmed Al Mansur, Nor Azwan Mohamed Kamari (), Taskin Jamal (), Molla Shahadat Hossain Lipu, Mohd Nurulakla Mohd Azlan, Mahidur R. Sarker and A. S. M. Shihavuddin
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Md. Imamul Islam: Faculty of Electrical and Electronic Engineering Technology, Universiti Malaysia Pahang, Pekan 26600, Malaysia
Mohd Shawal Jadin: Faculty of Electrical and Electronic Engineering Technology, Universiti Malaysia Pahang, Pekan 26600, Malaysia
Ahmed Al Mansur: Department of Electrical and Electronic Engineering, Green University of Bangladesh, Dhaka 1207, Bangladesh
Nor Azwan Mohamed Kamari: Department of Electrical, Electronic and Systems Engineering, Universiti Kebangsaan Malaysia, Bangi 43600, Malaysia
Taskin Jamal: Department of Electrical and Electronic Engineering, Ahsanullah University of Science and Technology, Dhaka 1208, Bangladesh
Molla Shahadat Hossain Lipu: Department of Electrical and Electronic Engineering, Green University of Bangladesh, Dhaka 1207, Bangladesh
Mohd Nurulakla Mohd Azlan: Electrical and Energy Efficiency Section, Centre for Property Management and Development, Universiti Malaysia Pahang, Pekan 26600, Malaysia
Mahidur R. Sarker: Institute of IR 4.0, Unverisiti Kebangsaan Malaysia, Bangi 43600, Malaysia
A. S. M. Shihavuddin: Department of Electrical and Electronic Engineering, Green University of Bangladesh, Dhaka 1207, Bangladesh

Energies, 2023, vol. 16, issue 10, 1-32

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.

Keywords: floating solar PV; large-scale solar; feasibility assessment; LCOE; CO 2 reduction (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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