Techno-Economic Analysis of Solar PV Power Plant for Kota-Stone Industry of Ranpur in Kota City

Abstract

In the current study, potential and economic investigation of a solar photovoltaic (SPV) power plant was carried out to fulfil the electricity demand for Kota-stone industry of Ranpur in Kota, India. The electricity load demand of Kota-stone industry for the year 2018 was estimated as 710 kW, for which solar Photovoltaic power plant was proposed. For this plant, 9.05-acre land is required. In the first year of operation the proposed solar PV power plant will produce 2.60 GWh electricity at capacity factor 41.8%. The Levelized cost of electricity was calculated Rs. 7.12 per unit for solar PV power plant, with 25-years life-span of the proposed plant at 10% discount rate.