The economic analysis framework of potential development solar PV energy in Malaysia

Nowadays, the increasing of using renewable energy (RE) as an alternative for generating power has brought an attention to the most countries. Current power generations, in which can be called conventional ones, are using the fossil fuel such as coal, gas and oil in operating the power plant. Theref...

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Main Author:	Mohd Fauzi, Mohamad Yusof
Format:	Thesis
Language:	English
Published:	2014
Subjects:	TK Electrical engineering Electronics Nuclear engineering
Online Access:	http://umpir.ump.edu.my/id/eprint/11521/19/The%20economic%20analysis%20framework%20of%20potential%20development%20solar%20PV%20energy%20in%20Malaysia.pdf
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spelling	my-ump-ir.115212021-11-08T01:43:05Z The economic analysis framework of potential development solar PV energy in Malaysia 2014-11 Mohd Fauzi, Mohamad Yusof TK Electrical engineering. Electronics Nuclear engineering Nowadays, the increasing of using renewable energy (RE) as an alternative for generating power has brought an attention to the most countries. Current power generations, in which can be called conventional ones, are using the fossil fuel such as coal, gas and oil in operating the power plant. Therefore, indirectly it has faced the problem of uncertainty in fossil fuel price, resources availability, carbon emission and energy supply to remote areas. To date, Malaysia has spent more than billion in costing to acquire the fossil fuel to generate the power plant. In that reasons, the introduction of RE for energy supply is vital. Since the solar energy has become prominent in energy supply nowadays, the potential for large scale power plant is high, whereby, so far one of 8 MW solar PV power plant has been developed in Pajam. To develop a large scale solar energy is more expensive when compared to conventional ones. In economic analysis point of view, the proper framework that suite with Malaysia perspective such as environment, geographical, climate and suitable technique as a parameters needs to be carried determine first, so that the nearest prediction of return of investment can be anticipated. The analysis is presented by closer look at the plant performances and profits generated with consider the possible constraint factors that enforce by the environment factor and the technology. The case study is conducted to show the analysis assessment for large scale solar PV power plant up to 8 MW and the result will indicate the potential of solar being use as renewable energy to generate electricity and making profit. Meanwhile, the problems of supplying electricity to remote areas due to the geographical condition are studied by analyzing an economic analysis of hybrid energy supplies. An exploitation of solar energy with energy storage (battery) and diesel generator as hybrid energy sources to remote areas is proposed by come up an economic analysis of the hybrid energy system. The case studies at the remote islands (Perak and Jarak islands) are carried out. The outcome of the study case will show that with the correct sizing and design, money can be saving and dependency to diesel generator can be reduced 2014-11 Thesis http://umpir.ump.edu.my/id/eprint/11521/ http://umpir.ump.edu.my/id/eprint/11521/19/The%20economic%20analysis%20framework%20of%20potential%20development%20solar%20PV%20energy%20in%20Malaysia.pdf pdf en public masters Universiti Malaysia Pahang Faculty of Electrical & Electronics Engineering
institution	Universiti Malaysia Pahang Al-Sultan Abdullah
collection	UMPSA Institutional Repository
language	English
topic	TK Electrical engineering Electronics Nuclear engineering
spellingShingle	TK Electrical engineering Electronics Nuclear engineering Mohd Fauzi, Mohamad Yusof The economic analysis framework of potential development solar PV energy in Malaysia
description	Nowadays, the increasing of using renewable energy (RE) as an alternative for generating power has brought an attention to the most countries. Current power generations, in which can be called conventional ones, are using the fossil fuel such as coal, gas and oil in operating the power plant. Therefore, indirectly it has faced the problem of uncertainty in fossil fuel price, resources availability, carbon emission and energy supply to remote areas. To date, Malaysia has spent more than billion in costing to acquire the fossil fuel to generate the power plant. In that reasons, the introduction of RE for energy supply is vital. Since the solar energy has become prominent in energy supply nowadays, the potential for large scale power plant is high, whereby, so far one of 8 MW solar PV power plant has been developed in Pajam. To develop a large scale solar energy is more expensive when compared to conventional ones. In economic analysis point of view, the proper framework that suite with Malaysia perspective such as environment, geographical, climate and suitable technique as a parameters needs to be carried determine first, so that the nearest prediction of return of investment can be anticipated. The analysis is presented by closer look at the plant performances and profits generated with consider the possible constraint factors that enforce by the environment factor and the technology. The case study is conducted to show the analysis assessment for large scale solar PV power plant up to 8 MW and the result will indicate the potential of solar being use as renewable energy to generate electricity and making profit. Meanwhile, the problems of supplying electricity to remote areas due to the geographical condition are studied by analyzing an economic analysis of hybrid energy supplies. An exploitation of solar energy with energy storage (battery) and diesel generator as hybrid energy sources to remote areas is proposed by come up an economic analysis of the hybrid energy system. The case studies at the remote islands (Perak and Jarak islands) are carried out. The outcome of the study case will show that with the correct sizing and design, money can be saving and dependency to diesel generator can be reduced
format	Thesis
qualification_level	Master's degree
author	Mohd Fauzi, Mohamad Yusof
author_facet	Mohd Fauzi, Mohamad Yusof
author_sort	Mohd Fauzi, Mohamad Yusof
title	The economic analysis framework of potential development solar PV energy in Malaysia
title_short	The economic analysis framework of potential development solar PV energy in Malaysia
title_full	The economic analysis framework of potential development solar PV energy in Malaysia
title_fullStr	The economic analysis framework of potential development solar PV energy in Malaysia
title_full_unstemmed	The economic analysis framework of potential development solar PV energy in Malaysia
title_sort	economic analysis framework of potential development solar pv energy in malaysia
granting_institution	Universiti Malaysia Pahang
granting_department	Faculty of Electrical & Electronics Engineering
publishDate	2014
url	http://umpir.ump.edu.my/id/eprint/11521/19/The%20economic%20analysis%20framework%20of%20potential%20development%20solar%20PV%20energy%20in%20Malaysia.pdf
_version_	1783731956674985984

The economic analysis framework of potential development solar PV energy in Malaysia

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