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Journal : COJ (Coastal and Ocean Journal)

Economic Policy of Renewable Energy: Development of Marine Current Energy in Madura Straits, Indonesia Firdaus, Adil M.; Kusumastanto, Tridoyo; Nurjaya, I Wayan
Coastal and Ocean Journal (COJ) Vol 8 No 2 (2024): COJ (Coastal and Ocean Journal)
Publisher : Pusat Kajian Sumberdaya Pesisir dan Lautan IPB

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/coj.v8i2.61444

Abstract

The depletion of fossil resources and environmental degradation caused by conventional oil and gas exploitation highlight the urgency for renewable energy adoption to achieve sustainable development. Marine current energy offers a promising alternative, yet its economic feasibility remains insufficiently studied. The study aims to analyze the economic potential of marine currents energy and policy development as a source of renewable energy by developing of power plant in Madura Strait, East Java Province, Indonesia. The analysis methods used in this study were technical feasibility, econometric analysis, cost-benefit analysis, input-output model and policy analysis. Results showed that Madura Strait has sufficient resource potential to produce marine current energy, consumers’ income and KWh used are significant parameters in using marine current energy, the marine currents energy power plant development is financially feasible to be developed for at least 3 units (30 kW) or more with NPV of USD 57,010; Net B/C 1.57 and IRR 8% for 10 years investment period. Development of the power plant 3MW marine current energy will increase 0,02% of gross regional domestic product. Policy analysis using the Analytic Hierarchy Process (AHP) identifies regional infrastructure development, including coastal spatial planning, as the top policy priority.
Co-Authors . Sukenda Abdurrachman Baksir, Abdurrachman Adi Purwandana Adibrata, Sudirman Adil Mahfudz Firdaus Adil Mahfudz Firdaus Adil Mahfudz Firdaus Agus Atmadipoera Agus Saleh Atmadipoera Agus Sholeh Atmadipoera Ahmad Herison Akmala Dwi Nugraha Alan Frendy Koropitan Alimuddin, Alimuddin Amir Yarkhasy Yuliardi Andhi Setyonugroho Andi Agussalim, Andi Andri Purwandani Ari Purbayanto Ariane Koch-Larrouy Ario Damar Asep Sandra Budiman Asep Sandra Budiman Asep Sandra Budiman, Asep Sandra Baharuddin Baharuddin Bambang Kanti Laras Beale, Calvin S. Beginer Subhan Bengen, Detriech G Darmiati Dedi Sugianto Denny Alberto Satrya Gumay Derek Soto Dietrich G Bengen Dietriech G. Bengen Dietriech G. Bengen Dietriech Geoffrey Bengen Dondy Arafat Dwiyoga Nugroho Eddy Supriyono Edi Kusmanto Enang Harris Surawidjaja ESTY KURNIAWATI Esty Kurniawati Ety Parwati Ety Parwati Ety Parwati Ety Parwati fadli syamsudin Fani Safitri Ferawati Runtuboi Ferdy Gustian Firdaus, Adil M. Franto Novico Fredinan Yulianda Harpasis S Sanusi Harpasis S Sanusi Harpasis s. Sanusi Hefni Effendi Heron Surbakti Heron Surbakti Hidayat Pawitan Holyness Nurdin Singadimedja HS, Surjono I Gusti Bagus Wiksuana I Made Budiasa I Nyoman Kanca Ida Bagus Made Baskara Andika IG Wayan Adiwilaga Ikbal Marus, Ikbal Indra Jaya Indra Jaya Indra Jaya Indra Jaya Irmalita Tahir, Irmalita Irzal Effendi Ismail, Firdaut Ismudi Muchsin Ismudi Muchsin John I Pariwono Joko Purwanto Joko Santoso Jonson Lumban Gaol Kadarwan Soewardi Kadarwan Soewardi Kadarwan Soewardi Kadarwan Soewardi Kasman Kasman Khairunnisa Khairunnisa Kholil Kholil Kholil Kholil Kotta, Raismin Krisna Rendi Awalludin Kusnanto La Ode Nurman Mbay Leica Febby Shafitri Leni Maryani Lerma Yuni Siagian Luky Adrianto M. Zairin Junior Mahdi Kartasasmita Mahdi Kartasasmita Mahdi Kartasasmita Mahdi Kartasasmita Manalu, Janviter Marimin , Mario Putra Suhana Mennofatria Boer Muh. Ishak Jumarang Muhamad Muliadi Muhammad Agus Muljanto MUHAMMAD AGUS SUPRAYUDI Muhammad Marzuki Mulia Purba Mulia Purba Mulia Purba Mursalin Mursalin Najamuddin N Najamuddin Najamuddin, Najamuddin Nandi Abdul Aziz Nebuchadnezzar Akbar Neviaty P Zamani Neviaty P. Zamani Noor, Hariansyah Nugraha, Teguh Nur Asia Umar Nur Audina Nyoman M N Natih Nyoman M.N Natih Okgareta, Dema Paembonan, Rustam E Paputungan, Mohammad Sumiran Pramudyo Dipo Prayoga, Bintang Rasidi, Rasidi Rastina Ratu Almira Kismawardhani Ratuluhain, Eva Susan Richardus F Kaswadji Richardus F. Kaswadji Ridha Alamsyah Rikardi, Novit Riris Aryawati Risandi Dwirama Putra Rita Rafni Riyadi Subur, Riyadi Robin Saputra Robinson Sitepu Rustam Effendi Paembonan, Rustam Effendi Saenudin Sakka Sakka Salnuddin Salnuddin, Salnuddin Salsabila, Unik Hanifah Salsabilah, Raisyah Santi Susanti, Santi Satria Yukiadi Santoso Septy Heltria Setyo Handayani Setyo Handayani Sigid Hariyadi Siolimbona, Abdul Ajiz Solihin Solihin Soma Somantri Sucantra, Made Bayu Sugeng Budiharso Sugeng Budiharsono Suhaemi Supriyono, Supri Surjono HS Syamsul Bahri Agus, Syamsul Bahri Tri Hartanto Tri Prartono Tridoyo Kusumastanto Try Al Tanto Try Al Tanto Try Al Tanto Vincentius P Siregar Vincentius Siregar Wahab, Iswandi Wahyu W Pandoe Wibowo, Eko S Widodo S. Pranowo Yogi Cahyo Ginanjar Yonvitner - Yudi Setiawan Yuli Naulita Yusli Wardiatno Zibar, Zan Zulfikar, Andi