Analysis of feed-in tariffs for residental grid connected photovoltaic system in Malaysia

Power generation is more demanding in today’s world and green energy is the way of the future for the world to survive climate changes. This form of energy are environmentally friendly and sustainable. Solar photovoltaic can be arranged as a large commercial scale or distributed as domestic usage. T...

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Main Author:	Teh, Liang Hean
Format:	Thesis
Language:	English
Published:	2017
Subjects:	TK Electrical engineering Electronics Nuclear engineering
Online Access:	http://eprints.utm.my/id/eprint/87152/1/TehLiangHeanMSKE2017.pdf
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spelling	my-utm-ep.871522020-11-30T08:56:53Z Analysis of feed-in tariffs for residental grid connected photovoltaic system in Malaysia 2017 Teh, Liang Hean TK Electrical engineering. Electronics Nuclear engineering Power generation is more demanding in today’s world and green energy is the way of the future for the world to survive climate changes. This form of energy are environmentally friendly and sustainable. Solar photovoltaic can be arranged as a large commercial scale or distributed as domestic usage. Therefore throughout the world governments introduced feed-in tariff (FIT) for grid connected photovoltaic for public participation in implementing large scale residential solar photovoltaic. To many governments the FIT rate are considered high but for the public it is low compared to their invested sum. Therefore need for a right formulation of FIT rate that will please the utilities and public. Levelised cost of energy need to be calculated with annual photovoltaic energy output for the analysis of FIT. Based on this project, cheapest investment for photovoltaic design is without battery storage but higher income will come with battery storage from Homer software simulation. The analysis also show that Malaysia 2016 FIT rate is only financial feasible for above 3 kWp capacity. Financial feasibility is determined with model on ‘minimum internal return rate’ and ‘internal rate of return’. Financial model made shown that for 1.5 kWp capacity its MIRR at 3% and IRR at 1% that is losses incur for the investment. The IRR vs MIRR for 3 kWp and 6 kWp are 6% vs 4% and 8% vs 4%. The new formulated FIT rate shown on financial model for 1.5 kWp its MIRR at 4% and IRR at 5% as well as for other capacities. This show the FIT formulation provide profit to public for all installation capacities and also saving for large capacities for utility companies. The best photovoltaic design is those that are able to export more power to the grid at higher price while importing more power at lower price. 2017 Thesis http://eprints.utm.my/id/eprint/87152/ http://eprints.utm.my/id/eprint/87152/1/TehLiangHeanMSKE2017.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:132601 masters Universiti Teknologi Malaysia, Faculty of Engineering - School of Electrical Engineering Faculty of Engineering - School of Electrical Engineering
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	TK Electrical engineering Electronics Nuclear engineering
spellingShingle	TK Electrical engineering Electronics Nuclear engineering Teh, Liang Hean Analysis of feed-in tariffs for residental grid connected photovoltaic system in Malaysia
description	Power generation is more demanding in today’s world and green energy is the way of the future for the world to survive climate changes. This form of energy are environmentally friendly and sustainable. Solar photovoltaic can be arranged as a large commercial scale or distributed as domestic usage. Therefore throughout the world governments introduced feed-in tariff (FIT) for grid connected photovoltaic for public participation in implementing large scale residential solar photovoltaic. To many governments the FIT rate are considered high but for the public it is low compared to their invested sum. Therefore need for a right formulation of FIT rate that will please the utilities and public. Levelised cost of energy need to be calculated with annual photovoltaic energy output for the analysis of FIT. Based on this project, cheapest investment for photovoltaic design is without battery storage but higher income will come with battery storage from Homer software simulation. The analysis also show that Malaysia 2016 FIT rate is only financial feasible for above 3 kWp capacity. Financial feasibility is determined with model on ‘minimum internal return rate’ and ‘internal rate of return’. Financial model made shown that for 1.5 kWp capacity its MIRR at 3% and IRR at 1% that is losses incur for the investment. The IRR vs MIRR for 3 kWp and 6 kWp are 6% vs 4% and 8% vs 4%. The new formulated FIT rate shown on financial model for 1.5 kWp its MIRR at 4% and IRR at 5% as well as for other capacities. This show the FIT formulation provide profit to public for all installation capacities and also saving for large capacities for utility companies. The best photovoltaic design is those that are able to export more power to the grid at higher price while importing more power at lower price.
format	Thesis
qualification_level	Master's degree
author	Teh, Liang Hean
author_facet	Teh, Liang Hean
author_sort	Teh, Liang Hean
title	Analysis of feed-in tariffs for residental grid connected photovoltaic system in Malaysia
title_short	Analysis of feed-in tariffs for residental grid connected photovoltaic system in Malaysia
title_full	Analysis of feed-in tariffs for residental grid connected photovoltaic system in Malaysia
title_fullStr	Analysis of feed-in tariffs for residental grid connected photovoltaic system in Malaysia
title_full_unstemmed	Analysis of feed-in tariffs for residental grid connected photovoltaic system in Malaysia
title_sort	analysis of feed-in tariffs for residental grid connected photovoltaic system in malaysia
granting_institution	Universiti Teknologi Malaysia, Faculty of Engineering - School of Electrical Engineering
granting_department	Faculty of Engineering - School of Electrical Engineering
publishDate	2017
url	http://eprints.utm.my/id/eprint/87152/1/TehLiangHeanMSKE2017.pdf
_version_	1747818528380026880

Analysis of feed-in tariffs for residental grid connected photovoltaic system in Malaysia

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