Optimization and Economic Analysis of Grid-Photovoltaic Electric Boat Charging Station in Kuala Terengganu
This study evaluates the feasibility of developing grid-photovoltaic electric boat charging station in Kuala Terengganu using simulation-based method. The main focus is on reducing the dependency on subsidy spent by the government in fisheries sector and encouraging green technology in commercial se...
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2016-01-01
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Series: | MATEC Web of Conferences |
Online Access: | http://dx.doi.org/10.1051/matecconf/20167400022 |
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doaj-dac4d9c36efd4a8ea76f3ddd70a5d5932021-03-02T09:29:33ZengEDP SciencesMATEC Web of Conferences2261-236X2016-01-01740002210.1051/matecconf/20167400022matecconf_icmer2016_00022Optimization and Economic Analysis of Grid-Photovoltaic Electric Boat Charging Station in Kuala TerengganuSalleh N.A. S.0Muda W. M. W.Umar Roslan1School of Ocean Engineering, University Malaysia TerengganuEast Coast Environment Research Institute, University Sultan Zainal AbidinThis study evaluates the feasibility of developing grid-photovoltaic electric boat charging station in Kuala Terengganu using simulation-based method. The main focus is on reducing the dependency on subsidy spent by the government in fisheries sector and encouraging green technology in commercial sector. All data such as solar radiation, amount of subsidy received by fishermen, and fishing activities were collected for the selected area. Economic analyses of the proposed system are discussed based on payback period and net present cost (NPC). The comparison between the proposed system and the grid-only system is done based on the production and consumption of electricity per year, the NPC and emission of pollutant. The system also generates high income from selling energy to the grid with tariff rates RM 1.49/kWh. It is concluded that the proposed system is feasible to be developed in the selected area with the payback period and the NPC are 8.2 years and RM 759,098, respectively. The results also show that the performance of the proposed system is better than grid-only system in all the interested parameters.http://dx.doi.org/10.1051/matecconf/20167400022 |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Salleh N.A. S. Muda W. M. W. Umar Roslan |
spellingShingle |
Salleh N.A. S. Muda W. M. W. Umar Roslan Optimization and Economic Analysis of Grid-Photovoltaic Electric Boat Charging Station in Kuala Terengganu MATEC Web of Conferences |
author_facet |
Salleh N.A. S. Muda W. M. W. Umar Roslan |
author_sort |
Salleh N.A. S. |
title |
Optimization and Economic Analysis of Grid-Photovoltaic Electric Boat Charging Station in Kuala Terengganu |
title_short |
Optimization and Economic Analysis of Grid-Photovoltaic Electric Boat Charging Station in Kuala Terengganu |
title_full |
Optimization and Economic Analysis of Grid-Photovoltaic Electric Boat Charging Station in Kuala Terengganu |
title_fullStr |
Optimization and Economic Analysis of Grid-Photovoltaic Electric Boat Charging Station in Kuala Terengganu |
title_full_unstemmed |
Optimization and Economic Analysis of Grid-Photovoltaic Electric Boat Charging Station in Kuala Terengganu |
title_sort |
optimization and economic analysis of grid-photovoltaic electric boat charging station in kuala terengganu |
publisher |
EDP Sciences |
series |
MATEC Web of Conferences |
issn |
2261-236X |
publishDate |
2016-01-01 |
description |
This study evaluates the feasibility of developing grid-photovoltaic electric boat charging station in Kuala Terengganu using simulation-based method. The main focus is on reducing the dependency on subsidy spent by the government in fisheries sector and encouraging green technology in commercial sector. All data such as solar radiation, amount of subsidy received by fishermen, and fishing activities were collected for the selected area. Economic analyses of the proposed system are discussed based on payback period and net present cost (NPC). The comparison between the proposed system and the grid-only system is done based on the production and consumption of electricity per year, the NPC and emission of pollutant. The system also generates high income from selling energy to the grid with tariff rates RM 1.49/kWh. It is concluded that the proposed system is feasible to be developed in the selected area with the payback period and the NPC are 8.2 years and RM 759,098, respectively. The results also show that the performance of the proposed system is better than grid-only system in all the interested parameters. |
url |
http://dx.doi.org/10.1051/matecconf/20167400022 |
work_keys_str_mv |
AT sallehnas optimizationandeconomicanalysisofgridphotovoltaicelectricboatchargingstationinkualaterengganu AT mudawmw optimizationandeconomicanalysisofgridphotovoltaicelectricboatchargingstationinkualaterengganu AT umarroslan optimizationandeconomicanalysisofgridphotovoltaicelectricboatchargingstationinkualaterengganu |
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