Economic Feasibility of Solar-Powered Electric Vehicle Charging Stations: A Case Study in Ngawi, Indonesia
Journal Title: Mechatronics and Intelligent Transportation Systems - Year 2023, Vol 2, Issue 4
Abstract
In the context of increasing electric vehicle (EV) prevalence, the integration of renewable energy sources, particularly solar energy, into EV charging infrastructure has gained significant attention. This study investigates the economic viability of grid-connected photovoltaic (PV) systems for EV charging stations in Ngawi City, Indonesia, selected due to its substantial solar energy potential and ongoing renewable energy initiatives. Key factors influencing the economic feasibility of these systems include load requirements, renewable energy potential, system capacity, levelized cost of electricity, payback period, net present cost (NPC), and cost of energy (COE). A comprehensive techno-economic assessment was conducted to estimate the capital recovery time, incorporating both utilization costs and payback periods. The analysis utilized the Hybrid Optimization Model for Electric Renewables (HOMER) software, focusing on the application of PV energy in EV charging stations within Ngawi Regency. Findings indicate that a PV system-based generation approach can adequately meet the power needs of EV charging stations. Notably, this system is capable of generating surplus energy, which presents an opportunity for additional revenue, thus enhancing its economic attractiveness. The analysis determined that to produce an annual output of 562,227 kWh, a total of 1245 PV modules, each with a 370-watt capacity, are necessary. This off-grid PLTS system, relying exclusively on PV modules for electrical energy generation, can sufficiently supply a daily load of 342.99 kWh for an EV charging station. The study underscores the potential of solar-powered EV charging stations in contributing to sustainable urban development, reinforcing the integration of renewable energy into urban infrastructure.
Authors and Affiliations
Singgih Dwi Prasetyo, Farrel Julio Regannanta, Mochamad Subchan Mauludin, Zainal Arifin
Keywords
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- EP ID EP732250
- DOI https://doi.org/10.56578/mits020402
- Views 95
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