RETScreen Techno-Economic Feasibility of Indonesia's Cirata 145 MW Floating Solar Photovoltaic Project: Incentives, Risk Management, and Strategic Implementation

Solar energy is essential for attaining sustainable power generation, as it is driven by worldwide efforts to solve environmental issues and decrease dependence on fossil fuels. Indonesia's dedication to achieving carbon neutrality by 2060 highlights its endorsement of the deployment of solar energy, specifically through inventive methods such as floating photovoltaic (PV) systems. This study investigates the Techno-Economic Feasibility of Indonesia's Cirata 145 MW floating solar PV project utilizing RETScreen technology. The study specifically focuses on the incentives for operating and maintenance (O&M) activities and the deployment of Cadmium Telluride (CdTe). The research emphasizes the significance of thorough risk management in projects that are vulnerable to various factors, by identifying and correcting the gaps in the current literature. It suggests specific solutions, such as providing incentives for operation and maintenance, improving the efficiency of module installation, and allocating resources strategically in urban areas. It is essential to prioritize thorough risk assessment and adherence to international standards in order to attract investor interest and make progress towards Indonesia's renewable energy objectives. This article provides significant insights for legislators, investors, and scholars engaged in promoting sustainable energy programmes.