Economic Feasibility Study of Photovoltaic Panels Installation by PVsyst 6.73 Simulator

Abstract

The increasing pursuit of industry modernization presenting efficiency gains, productivity and cost reduction raises the discussion about the use of new technologies that promote, simultaneously, business sustainability and productive and economic efficiency for offshore companies, which operates in the Campos Basin, located at the municipality of Macaé, Rio de Janeiro State, Brazil. This paper presents an economic feasibility evaluation to use photovoltaic panels in order to measure the project costs and highlight its benefits; to this end, a local supplier was contacted to estimate a budget. The author ran the PVsyst 6.73 simulator to calculate the energy produced by the photovoltaic system and other parameters. Taking into account the Minimum Attractive Rate (MAR) of 8.3 %, established by the board of directors, the results, by the Simple Payback and Discounted Payback (SPDP); Profitability Index (PI); Return on Investment (ROI); Net Present Value (NPV); and Internal Rate of Return (IRR) methods applied, proved the project is economically feasible and that this company has physical structure to install the equipment. As such, it is possible to have a great medium-and long-term financial economy, contributing to produce clean energy in the country.