COASTAL ENERGY INNOVATION WITHIN A BLUE ECONOMY FRAMEWORK: A SYNERGY MODEL OF FLOATOVOLTAICS AND WAVE TECHNOLOGY IN INDONESIA

Abstract

The utilization of renewable energy in Indonesia's coastal areas still faces gaps in terms of strategic planning, cross-sector coordination, and resource optimization. Previous research indicates that the implementation of floatovoltaic technology and ocean wave energy conversion has been carried out separately, thereby failing to maximize their potential in supporting the Blue Economy. This study aims to formulate a strategic management model that integrates both technologies to create synergy in the utilization of marine space, enhance energy efficiency, and strengthen the coastal economy. The method used is a case study with strategic management analysis based on the SWOT framework, resource-based view, and strategic fit, combined with literature review and technical-economic feasibility evaluation. The research results indicate that technology integration can increase operational efficiency by up to 18%, strengthen regional energy resilience, and encourage local business participation through public-private partnership schemes. It is concluded that integrated marine energy development requires adaptive, collaborative, and locally driven management strategies to support Indonesia’s sustainable energy transition.