EE168/B6 – Project No.

ANTONIO, Ian Jonathan M. March 10, 2018

EE/4 Engr. Jesusito Sulit

Research on a solar project and use it as reference for a design for your own use. Show your electricity
bill as basis. Assume that 40% of electricity will be supplied via Solar PV. Validate the viability of the
advertised solar project by determining average rates, payback period, and ROI. Indicate sources of
information on project, Meralco’s or another utility’s rates, used for comparison, etc. Show
computations and assumptions.

Meralco Bill(Details):
 EE168/B6 – Project No. 2

Solaric Model Reference:

Construction Has Begun At 150 Megawatt Philippines Solar

Project
Originally published on CleanTechies.

Construction has begun at the largest solar power project in Philippines, and
perhaps in south-east Asia.

Solar Philippines recently announced that it began construction at the 150-

megawatt solar PV project at Concepcion. The project will consist of nearly half a
million solar panels spread across 150 hectares. The project will use locally
manufactured solar panels and will also use batteries to supply electricity round-
the-clock.

Leandro Leviste, Solar Philippines president and chief executive, said that this
will be the first solar power project in Philippines which will be built at a cost lower
than that of a coal-based power plant. Developers of the project want to prove
that the cost of solar power generation has already declined to levels where it
can be used to meet base load.

The Concepcion solar power project will initially sell electricity on the open
market while continuing to negotiate with utilities for a long-term power purchase
agreement. Solar Philippines is also working on a 50-megawatt solar power
project which will sell electricity to Manila Electric Co. through a long-term
agreement.

Over the last few months, several project developers have expressed interest in
setting up large-scale solar power projects in the Philippines. After the
Renewable Energy Law was approved in 2008, a surge in renewable energy
capacity addition was seen in the Philippines. The government had announced a
feed-in tariff scheme wherein projects were offered ¢0.21 per kWh. The tariff
scheme attracted overwhelming response from project developers, forcing the
government to expand the capacity under the program from 50 megawatts to 500
megawatts.

(source: https://cleantechnica.com/2017/04/13/construction-begun-150-megawatt-philippines-solar-
project/)

Investment Cost 6000 pesos

 EE168/B6 – Project No. 2

Life of Equipment 25 years

Annual Dep'n 240 pesos

Monthly Dep'n 20 pesos

Monthly C&M 3 pesos

Total Monthly Cost 22.5 pesos

Monthly Harvest 40 kWh

Average Rate 0.56 P/kWh

Meralco Rate 8.8118 P/kWh Feb 2018

Equivalent Meralco Bill 352 pesos

Payback Period 1.42 years

Gross ROI 70.49% per annum

Total kWh 119 kWh

40% Total kWh 47.6 kWh

Equivalent Meralco Bill 1048.6 pesos

Meralco Rate 8.8118 pesos

Rating 300 W

Efficiency 16 %

Pout 48 W

Cost 6000 pesos