Feasibility study of a 400kW PV power plant via virtual net metering scheme for the Center of Social Welfare of Eastern Macedonia and Thrace

Abstract

This article presents a design of virtual net metering solar system connected to the grid in order to minimize the amount of money that they spend on energy from the Center of Social Welfare of Eastern Macedonia and Thrace. Both the design and the simulations were realized using the RETScreen Clean Energy Project Analysis Software. According to the results of the simulation the pre-tax internal rate of return on assets is 31%, the simple payback period is approximately 3.3 years. From environmental point of view, the use of the proposed power plant will minimize the quantity of the greenhouse gas by 234.6 tons in annual base.

Keywords

• feasibility
• pv power plant
• virtual net metering
• retscreen software