Life Cycle Cost of Solar Power Systems for Institutional Campus
Mr. Vatsal Joshi
Student, M..Tech, Construction Project Management, Indus University, Rancharda, Ahmedabad, India, , IN
Keywords: Solar Rooftop power plant, Institutional campus, Life cycle cost
Abstract
Global installed capacity of renewable energy technologies are growing rapidly. The ability of renewable technologies to enable a rapid transition to a low carbon energy system is highly dependent on the energy that must be “consumed” during their life-cycle. Energy scarcity is one of the major problems every developing country is facing. Renewable energy is a promising source to solve energy related problems of the developing nations and help to accelerate growth. The present study is focused on the financial aspects of a 54KWp solar PV system in Gujarat. Financial analysis has been performed with present cost of the system and energy cost on life cycle basis.
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