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Techno-Economic Feasibility: Planning an On-Grid Solar Power System for Shrimp Pond Aeration

Aripriharta Aripriharta, Arya Wahyu Sukma Adji, Muhammad Cahyo Bagaskoro, Saodah Omar, Gwo-Jiun Horng

Abstract


The rapid growth of the Indonesian shrimp farming industry is accompanied by high production costs, primarily driven by the reliance on fossil fuel-based energy sources that can destabilize the ecosystem. This study investigates the technical, economic, and environmental feasibility of using three energy sources, including photovoltaics (PV), grid, and generator, to supply aeration needs in shrimp ponds. A comparative analysis of three scenarios with on-grid schemes was conducted through optimization using Queen Honey Bee Migration (QHBM) and Grey Wolf Optimization (GWO) algorithms, namely Net Present Cost (NPC), Renewable Fraction (RF), and Carbon Emission (ECO2). From a technical point of view, a lower electricity tariff is obtained compared to the grid, which is US$ 589,968.  The optimization results on the NPC, RF, and ECO2 parameters show that scenario 1 of the QHBM algorithm is the most optimal. This condition is evidenced by the acquisition of 3 parameters that are closest to the determination of the objective function, yielding an NPC of US$ 230,390.34, RF of 26.01%, and ECO2 of 1,484KgCO2e, with 655Wp PV specifications and the number of PV as many as 578pcs. Economically, the investment in a solar power plant for the shrimp pond obtained BEP of 4.2 years with a payback period (PP) obtained in year 5, net cash-flow of US$ 63,317.31, with ROI of 19% and NPV of US$ 775,159.40 in the same year.

Keywords



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DOI: 10.14416/j.asep.2024.11.003

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