Technical Economic Analysis of the Installation of A
Photovoltaic System in the Municipality of Moa
Volume 2 - Issue 5
Alvaro Laurencio Pérez1*, Igor R Pérez Maliuk2, Rodney Martínez Rojas3 and Luis Leandro Hernández Sánchez3
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- 1Department of Electrical Engineering of the University of Moa, Cuba
- 2Holguín Electric Company, Cuba
- 3Department of Mechanical Engineering of the University of Moa, Cuba
*Corresponding author:
Alvaro Laurencio Pérez, Department of Electrical Engineering of the University of Moa, DrC Antonio Núñez
Jiménez, Cuba
Received: July 22, 2020; Published: July 29, 2020
DOI: 10.32474/ARME.2020.02.000146
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Abstract
In this work, an economic technical analysis of the implementation of a photovoltaic system to supply a group of 6 offices in
the town of Moa is carried out. The study is carried out with the support of the calculation tool PVSyst and using the criteria Net
Present Value, Internal Rate of Return and Recovery Period for the economic evaluation. The results indicated that the installation
can generate 391,419MWh/a. The Net Present Value resulted from321423.54 USD, while the Internal Rate of Return was 14.64%,
higher than the imposed rate of 12%. On the other hand, the Recovery Period of the investment was 6.09 years. The economic
evaluation criteria indicate that the variant can be accepted, since it offers income during its useful life.
Keywords: Photovoltaic system; PVSyst; Net present value; Internal rate of return; Recovery period
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