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ISSN: 2643-6736

Advances in Robotics & Mechanical Engineering

Research article(ISSN: 2643-6736)

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

  • Author Information Open or Close
    • 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

Abstract| Introduction| Materials and Methods| Results| Conclusion| References|

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