Economic Feasibility of Wind Farm: A Case Study for Coastal Area in South Purworejo, Indonesia

Economic feasibility for the development of wind energy potential into wind farm in coastal area of South Purworejo is strategic for Indonesia. The methods used were analysis and evaluation study which involve three analyses, i.e. economic analysis based on scenarios, risk, and sensitivity. The results of the economic analysis based on Scenario 1 with net present value are USD 70 422 642.29 and internal rate return value is 11.38% which serves as the most optimal result. Analysis that considers the obtained risk has probability distribution of internal rate return is above the discount rate reaching 89.3%.