Difference between revisions of "Solar Pre-feasibility Report"

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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. (Source: BusinessDictionary.com). The pre-feasibility study builds confidence among stakeholders and potential users of a project.<br/>
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= 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.
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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. <ref name="http://www.businessdictionary.com/">BusinessDictionary.com</ref>&nbsp;The pre-feasibility study builds confidence among stakeholders and potential users of a project.<br/>
  
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There is a lot more to it but I would like to broadly categorize the process in 3 simple steps
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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.
  
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<br/>'''Step 1: Pre-feasibility analysis'''<br/>• Determination of Solar and Climate data to understand potential electricity output<br/>• Determination of system size which includes number of Solar PV panels, inverters, batteries, etc<br/>• Cost of the system<br/>• Return on Investment
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There is a lot more to it but the process can be broadly categorized into 3 simple:&nbsp;
  
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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.
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== <br/>Step 1: Pre-feasibility Analysis<br/> ==
  
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'''Step 2: Feasibility analysis'''<br/>• Solar/Climate data using ground mounted measuring instruments<br/>• Land acquisition<br/>• Company strength and track record<br/>• Joint Venture (optional) in place<br/>• PPA (Power Purchase Agreement) with the local Utility<br/>• Government approvals<br/>• Forest / Village approvals<br/>• Technical feasibility<br/>• Financial feasibility, etc.
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*Determination of Solar and Climate data to understand potential electricity output
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*Determination of system size which includes number of Solar PV panels, inverters, batteries, etc
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*Cost of the system
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*Return on Investment
  
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'''Step 3 – Execution'''<br/>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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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.
  
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Now Step 2 above requires expert consultative advice or for a large company would mean time and efforts of its employees, each of which comes with an associated cost. So in order to be sure of getting into the feasibility stage it is advisable to perform a preliminary analysis first.
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== Step 2: Feasibility Analysis<br/> ==
  
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'''[[Www.helicalpower.com|Helical Power]]'''&nbsp;has developed&nbsp;'''[[Www.helicalpower.com|‘The HeliCAL report’]]'''&nbsp;which is an&nbsp;'''instant online prefeasibility report'''&nbsp;providing Solar prefeasibility analysis for any site in the world. This helps one make an informed decision prior to making investment in a Solar plant.
 
  
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'''So what does HeliCAL report provide?'''<br/>HeliCAL Report has two variants,&nbsp;'''Basic'''&nbsp;and&nbsp;'''Premium'''&nbsp;which the user can choose as per their requirements.<br/>The&nbsp;'''Basic report'''&nbsp;consists of<br/>• Site solar and climate data<br/>• System sizing<br/>• System losses<br/>• Performance Ratio (PR)<br/>• Etc…
 
  
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The&nbsp;'''Premium report'''&nbsp;consists all of the basic plus in addition to this provides 25 years’ worth of financial analysis which includes<br/>• Internal Rate of Return (IRR)<br/>• Net Present Value (NPV)<br/>• Payback period<br/>• DSCR Ratio<br/>• Levellised tariff<br/>• Etc…
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*Solar/Climate data using ground mounted measuring instruments
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*Land acquisition
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*Company strength and track record
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*Joint Venture (optional) in place
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*PPA (Power Purchase Agreement) with the local Utility
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*Government approvals
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*Forest / Village approvals
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*Technical feasibility
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*Financial feasibility, etc.
  
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'''So how is HeliCAL report useful'''<br/>• Compare technologies – Helps in in choosing the technology which will yield maximum output<br/>• Compare projects –Helps comparing projects to choose one with a better Return on investment<br/>• Financial analysis – Provides Cashflow, NPV, IRR, payback period, etc
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== Step 3 – Execution ==
  
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'''Who can use HeliCAL report?'''<br/>Below is a list of some stakeholders that can benefit from HeliCAL report<br/>• Homeowners – Quick understanding about system cost<br/>• Banks / Investors – Early due diligence before making investments<br/>• Solar panel installers – Can customize it with their logo and use it as a proposal for their clients<br/>• EPC companies – Helps in choosing the technology which will yield maximum output<br/>• Developers – Helps in choosing the most profitable project or technology
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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.
  
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&nbsp;Source: www.helicalpower.com
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= <span class="mw-headline" id="Further_Information">Further Information</span> =
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<ul style="line-height: 20.4px; margin-left: 1.6em; list-style-image: url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAUAAAANCAYAAABhPKSIAAAAGXRFWHRTb2Z0d2FyZQBBZG9iZSBJbWFnZVJlYWR5ccllPAAAACtJREFUeF7NjbEJAAAIw7zRu/w5ouBUBEeHDM2QGiA8kObBULuFcJbSXN8T78SqnpKltAIAAAAASUVORK5CYII="); font-size: 13.6px; background-color: rgb(255, 255, 255);">
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<li>[[Portal:Solar|Portal:Solar]]</li>
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<li>[[3_Benefits_of_Going_Solar|3 Benefits of Going Solar]]<br/></li>
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<li>[[Solar_Pre-feasibility_Report|Solar Pre-feasibility Report]]</li>
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</ul>
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<br/>
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= References =
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<references /><br/>
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*[http://www.helicalpower.com/ www.helicalpower.com/]<br/>
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[[Category:Solar]]

Revision as of 08:33, 15 August 2016

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: 


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.

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.

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.

Further Information


References

  1. ↑ BusinessDictionary.com


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