Economic study on the construction of a 50 MW Ocean Thermal Energy Conversion (OTEC) facility in Banten Province, Indonesia

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Abstract

Electricity demand is increasing every year along with economic growth and population in Indonesia. Meanwhile, non-renewable fossil fuels are still the main source of electricity generation in Indonesia. Therefore, the development of an affordable and environ-mentally friendly renewable energy-based power plant is very necessary. Ocean thermal energy sources available in abundance and has great potential in meeting national energy needs. In this study, a design concept of the 50 MW Ocean Thermal Energy Conversion (OTEC) facility was developed for Banten Province. Capital costs and expenditures for OTEC facilities were identified based on location requirements. The cost analysis is then combined with the OTEC facility investment scheme to obtain the Levelized Cost of Energy (LCOE).

Original languageEnglish
Article number012015
JournalIOP Conference Series: Earth and Environmental Science
Volume649
Issue number1
DOIs
Publication statusPublished - 23 Feb 2021
EventSustainable Islands Development Initiatives International Conference 2019, SIDI IC 2019 - Surabaya, Indonesia
Duration: 2 Sept 20193 Sept 2019

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