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An Economic Feasibility Study on Solar Installation for University Campus: A Case of Universiti Utara Malaysia

Author

Listed:
  • S. M. Shafie

    (School of Technology Management and Logistics, College of Business, Universiti Utara Malaysia, 06010 Sintok, Kedah, Malaysia; Technology and Supply Chain Excellent Institute (TeSCE), aSchool of Technology Management and Logistics, College of Business, Universiti Utara Malaysia, 06010 Sintok, Kedah, Malaysia.)

  • M. G. Hassan

    (School of Technology Management and Logistics, College of Business, Universiti Utara Malaysia, Sintok, Kedah, Malaysia)

  • K. I. M. Sharif

    (School of Technology Management and Logistics, College of Business, Universiti Utara Malaysia, 06010 Sintok, Kedah, Malaysia.)

  • A. N. Nu man

    (Universitas Islam Bandung, West Java, Indonesia.)

  • N.N.A.N. Yusuf

    (Department of Energy, Minerals, and Materials Technology, Universiti Malaysia Kelantan, 17600 Jeli, Kelantan, Malaysia.)

Abstract

Transforming towards renewable energy consumption has become the main agenda for the country due to the drawback of consuming conventional resources. Climate change, energy security, and price fluctuation are the main factors contributing towards the penetration of renewable energy. Solar energy seems to be the most attractive due to unlimited source of energy, and fundamentally, its availability will never run out. This form of energy can also be used as an alternative in producing electricity. Malaysia has potential in developing solar energy for daily usage due to its location in the equatorial area and acquiring approximately 400 600 MJ/ m 2 of solar radiation every month. Universiti Utara Malaysia (UUM) is a public higher learning institution located in Sintok, Kedah. Sintok is a potential area for the installation of this solar system because the area has a longer peak sun hour rate than other areas. The aims of this study are: (1) to analyse the factors involved in solar installation, and (2) to examine the economic feasibility of solar installation at a university campus. This study used a qualitative approach, whereby the data were taken from interviews with the Development and Maintenance Department of UUM and Detrolic Solar Company. The solar implementation in UUM could reduce the cost of energy usage annually. Furthermore, UUM could gain revenue from the Net Energy Metering (NEM) 3.0 Government Ministries and Entities (GoMEn) incentive. Solar installation in the campus could hasten the effort of UUM moving towards a green and eco-friendly university campus. It is best believed that this effort could be a success if UUM is ready to move towards sustainable energy with solar consumption.

Suggested Citation

  • S. M. Shafie & M. G. Hassan & K. I. M. Sharif & A. N. Nu man & N.N.A.N. Yusuf, 2022. "An Economic Feasibility Study on Solar Installation for University Campus: A Case of Universiti Utara Malaysia," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 54-60, July.
    • Handle: RePEc:eco:journ2:2022-04-7
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    References listed on IDEAS

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    1. Cavadini, Giovan Battista & Cook, Lauren M., 2021. "Green and cool roof choices integrated into rooftop solar energy modelling," Applied Energy, Elsevier, vol. 296(C).
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    Cited by:

    1. Muhammad Firdaus Mohd Zublie & Md. Hasanuzzaman & Nasrudin Abd Rahim, 2023. "Modeling, Energy Performance and Economic Analysis of Rooftop Solar Photovoltaic System for Net Energy Metering Scheme in Malaysia," Energies, MDPI, vol. 16(2), pages 1-18, January.

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    More about this item

    Keywords

    Solar energy; university campus; installation; economic; UUM;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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