Technological, Financial and Ecological Analysis of Photovoltaic Power System using RETScreen® : A Case in Khuzdar, Pakistan

Abstract

Green energy projects can benefit greatly from using RETScreen as a preliminary estimate for financial analysis and technology assessment. Energy shortages and climate change are wreaking havoc in Pakistan at the present time. In this study, we examine green energy sources to meet the country’s energy needs while keeping environmental concerns in mind. The NASA climate information is used to conduct a comprehensive technical, economical, and environmental analysis of the intended green plant. In addition, the statistical indications demonstrate that the project is feasible in terms of cost-emission-savings. It is anticipated that this strategy will make it easier to start new renewable energy projects in developing countries that are having difficulty developing renewable energy projects. The study will also encourage the investor and corporate sector to join national grid from a business perspective. Furthermore, the scheme will also assist government institutions in reducing their reliance on fuel based plants, so bolstering the state economy and provide clean and cost effective energy.