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| | = Overview = | | = Overview = |
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| | <br/>Putting it in perspective, investing in a solar plant (whether Rooftop PV or solar farm) requires considerable amount of time, resources and investment. So whether you are a homeowner wanting to install a 1 kW solar plant on your roof or a large company investing in a Utility scale Megawatt (MW) size solar farm, the first question that would come to mind is whether the investment is worthwhile. This is where pre-feasibility analysis comes into action. | | <br/>Putting it in perspective, investing in a solar plant (whether Rooftop PV or solar farm) requires considerable amount of time, resources and investment. So whether you are a homeowner wanting to install a 1 kW solar plant on your roof or a large company investing in a Utility scale Megawatt (MW) size solar farm, the first question that would come to mind is whether the investment is worthwhile. This is where pre-feasibility analysis comes into action. |
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| − | There is a lot more to it but the process can be broadly categorized into 3 simple: | + | There is a lot more to it but the process can be broadly categorized into 3 simple steps: |
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| | == <br/>Step 1: Pre-feasibility Analysis<br/> == | | == <br/>Step 1: Pre-feasibility Analysis<br/> == |
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| | == Step 2: Feasibility Analysis<br/> == | | == Step 2: Feasibility Analysis<br/> == |
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| | *Solar/Climate data using ground mounted measuring instruments | | *Solar/Climate data using ground mounted measuring instruments |
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| | The execution part is a lengthy topic in itself and is not the intention of this article so will not delve any deeper. | | The execution part is a lengthy topic in itself and is not the intention of this article so will not delve any deeper. |
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| | = Further Information = | | = Further Information = |
Latest revision as of 00:09, 16 August 2016
[edit] Overview
A prefeasibility study (of a project) is a preliminary analysis undertaken to determine whether it would be worthwhile to proceed to the feasibility study stage. [1] The pre-feasibility study builds confidence among stakeholders and potential users of a project.
Putting it in perspective, investing in a solar plant (whether Rooftop PV or solar farm) requires considerable amount of time, resources and investment. So whether you are a homeowner wanting to install a 1 kW solar plant on your roof or a large company investing in a Utility scale Megawatt (MW) size solar farm, the first question that would come to mind is whether the investment is worthwhile. This is where pre-feasibility analysis comes into action.
There is a lot more to it but the process can be broadly categorized into 3 simple steps:
[edit]
Step 1: Pre-feasibility Analysis
- Determination of Solar and Climate data to understand potential electricity output
- Determination of system size which includes number of Solar PV panels, inverters, batteries, etc
- Cost of the system
- Return on Investment
After the pre-feasibility analysis is performed and if the project looks favourable, the next step is to go a bit further and consider even the macro-environmental factors. This is the feasibility stage and some of its components are listed below.
[edit] Step 2: Feasibility Analysis
- Solar/Climate data using ground mounted measuring instruments
- Land acquisition
- Company strength and track record
- Joint Venture (optional) in place
- PPA (Power Purchase Agreement) with the local Utility
- Government approvals
- Forest / Village approvals
- Technical feasibility
- Financial feasibility, etc.
[edit] Step 3 – Execution
The execution part is a lengthy topic in itself and is not the intention of this article so will not delve any deeper.
[edit] Further Information
[edit] References
- ↑ BusinessDictionary.com
