TY - GEN
T1 - An Investment Study in Accelerating Solar Panel Production in Actualizing the Jakarta Solar City Program
AU - Adriana, Prieta
AU - Setiawan, Eko Adhi
N1 - Publisher Copyright:
© 2021 ACM.
PY - 2021/5/25
Y1 - 2021/5/25
N2 - Indonesia was the fourth rank of the world population by 2020 which means this population needs a lot of energy that can be fulfilled from renewable energy. Indonesia has enough potential of solar energy to meet its current and future energy needs. In addition, Jakarta as the capital city and central government of Indonesia has a great potential in application of rooftop solar panel systems in the household, business, industrial and government sectors. The development of solar panel industry in Indonesia is expected to create a green job so that it can overcome unemployment, especially from the vocational high school level which has the highest percentage among other enforced education in Indonesia. The purpose of this study is to calculate the investment analysis which includes Payback Period, Internal Rate of Return (IRR), Net Present Value (NPV), and Profitability Index (PI) of solar panel production acceleration in 5 year period using 3 (three) scenarios, including pessimistic, realistic, and optimistic scenarios. The boundary of this study is to calculate the investment analysis based on the potential capacity of roof top solar panel systems that can be installed from the household, business and industrial sectors in Jakarta. The analysis result shows the NPV has a positive value and IRR is more than the interest rate for all scenarios means that the investment of production acceleration within 5 years is feasible and profitable.
AB - Indonesia was the fourth rank of the world population by 2020 which means this population needs a lot of energy that can be fulfilled from renewable energy. Indonesia has enough potential of solar energy to meet its current and future energy needs. In addition, Jakarta as the capital city and central government of Indonesia has a great potential in application of rooftop solar panel systems in the household, business, industrial and government sectors. The development of solar panel industry in Indonesia is expected to create a green job so that it can overcome unemployment, especially from the vocational high school level which has the highest percentage among other enforced education in Indonesia. The purpose of this study is to calculate the investment analysis which includes Payback Period, Internal Rate of Return (IRR), Net Present Value (NPV), and Profitability Index (PI) of solar panel production acceleration in 5 year period using 3 (three) scenarios, including pessimistic, realistic, and optimistic scenarios. The boundary of this study is to calculate the investment analysis based on the potential capacity of roof top solar panel systems that can be installed from the household, business and industrial sectors in Jakarta. The analysis result shows the NPV has a positive value and IRR is more than the interest rate for all scenarios means that the investment of production acceleration within 5 years is feasible and profitable.
KW - Green Job
KW - Internal Rate of Return
KW - Investment Analysis
KW - Net Present Value
KW - Solar Panel
UR - http://www.scopus.com/inward/record.url?scp=85143911309&partnerID=8YFLogxK
U2 - 10.1145/3468013.3468663
DO - 10.1145/3468013.3468663
M3 - Conference contribution
AN - SCOPUS:85143911309
T3 - ACM International Conference Proceeding Series
SP - 598
EP - 602
BT - Proceedings of the 4th Asia Pacific Conference on Research in Industrial and Systems Engineering
PB - Association for Computing Machinery
T2 - 4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021
Y2 - 25 May 2021
ER -
