Version 7.2.

PVsyst - Simulation report

Grid-Connected System

Project: AJL
Variant: Ananta Jeanswear Ltd.
No 3D scene defined, no shadings
System power: 334.02 kWp
Ananta Jeanswear Ltd. - Bangladesh

Client Solar EPC Development Ltd.

Ananta Jeanswear Ltd. Solar EPC Development Ltd.
Pagar, Tongi, Gazipur H#16, R#10, Gulshan-1
Bangladesh Dhaka / 1212
Bangladesh
 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Project summary
Geographical Site Situation Project settings
Ananta Jeanswear Ltd. Latitude 23.90 °N Albedo 0.20
Bangladesh Longitude 90.43 °E
Altitude 8m
Time zone UTC+6

Meteo data
Ananta Jeanswear Ltd.
Meteonorm 8.0 (1991-2012), Sat=100% - Synthetic

System summary
Grid-Connected System No 3D scene defined, no shadings
Simulation for year no 1

PV Field Orientation Near Shadings User's needs

Fixed planes 4 orientations No Shadings Unlimited load (grid)
Tilts/azimuths 23 / 15 °
23 / 16 °
23 / 8 °
23 / 0 °

System information
PV Array Inverters
Nb. of modules 586 units Nb. of units 6 units
Pnom total 334.02 kWp Pnom total 310 kWac
Pnom ratio 1.07

Results summary
Produced Energy 466.2 MWh/year Specific production 1388 kWh/kWp/year Perf. Ratio PR 86.21 %
Apparent energy 475.7 MVAh

Table of contents
Project and results summary 2
General parameters, PV Array Characteristics, System losses 3
Main results 6
Loss diagram 7
Special graphs 8
Aging Tool 9
Predef. graphs 11
P50 - P90 evaluation 12
Cost of the system 13
Financial analysis 14
CO₂ Emission Balance 17

02/03/23 PVsyst Licensed to Page 2/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

General parameters
Grid-Connected System No 3D scene defined, no shadings

PV Field Orientation
Orientation Sheds configuration Models used
Fixed planes 4 orientations No 3D scene defined Transposition Perez
Tilts/azimuths 23 / 15 ° Diffuse Perez, Meteonorm
23 / 16 ° Circumsolar separate
23 / 8 °
23 / 0 °

Horizon Near Shadings User's needs

Free Horizon No Shadings Unlimited load (grid)

Grid injection point

Power factor
Cos(phi) (lagging) 0.980

PV Array Characteristics
Array #1 - AJL Main-1
Orientation #1
Tilt/Azimuth 23/15 °
PV module Inverter
Manufacturer Jinkosolar Manufacturer Huawei Technologies
Model JKM570N-72HL4-V Model SUN2000-100KTL-M2-400Vac
(Custom parameters definition) (Custom parameters definition)
Unit Nom. Power 570 Wp Unit Nom. Power 100 kWac
Number of PV modules 198 units Number of inverters 1 unit
Nominal (STC) 113 kWp Total power 100 kWac
Modules 11 Strings x 18 In series Operating voltage 200-1000 V
At operating cond. (50°C) Max. power (=>33°C) 110 kWac
Pmpp 104 kWp Pnom ratio (DC:AC) 1.13
U mpp 693 V
I mpp 151 A

PV module Inverter
Manufacturer Jinkosolar Manufacturer Huawei Technologies
Model JKM570N-72HL4-V Model SUN2000-40KTL-M3-400V
(Custom parameters definition) (Custom parameters definition)
Unit Nom. Power 570 Wp Unit Nom. Power 40.0 kWac
Number of PV modules 279 units Number of inverters 4 units
Nominal (STC) 159 kWp Total power 160 kWac

Array #2 - ETP Building

Orientation #3
Tilt/Azimuth 23/8 °
Number of PV modules 135 units Number of inverters 2 units
Nominal (STC) 77.0 kWp Total power 80.0 kWac
Modules 9 Strings x 15 In series
At operating cond. (50°C) Operating voltage 200-1000 V
Pmpp 71.2 kWp Max. power (=>40°C) 44.0 kWac
U mpp 578 V Pnom ratio (DC:AC) 0.96
I mpp 123 A

02/03/23 PVsyst Licensed to Page 3/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

PV Array Characteristics
Array #3 - PWPL
Orientation #4
Tilt/Azimuth 23/0 °
Number of PV modules 144 units Number of inverters 2 units
Nominal (STC) 82.1 kWp Total power 80.0 kWac
Modules 8 Strings x 18 In series
At operating cond. (50°C) Operating voltage 200-1000 V
Pmpp 75.9 kWp Max. power (=>40°C) 44.0 kWac
U mpp 693 V Pnom ratio (DC:AC) 1.03
I mpp 110 A

Array #4 - AJL Main-2

Orientation #2
Tilt/Azimuth 23/16 °
PV module Inverter
Manufacturer Jinkosolar Manufacturer Huawei Technologies
Model JKM570N-72HL4-V Model SUN2000-50KTL-ZHM3-400V
(Custom parameters definition) (Custom parameters definition)
Unit Nom. Power 570 Wp Unit Nom. Power 50.0 kWac
Number of PV modules 112 units Number of inverters 1 unit
Nominal (STC) 63.8 kWp Total power 50.0 kWac
Modules 7 Strings x 16 In series Operating voltage 200-1000 V
At operating cond. (50°C) Max. power (=>35°C) 55.0 kWac
Pmpp 59.1 kWp Pnom ratio (DC:AC) 1.28
U mpp 616 V
I mpp 96 A

Total PV power Total inverter power

Nominal (STC) 334.02 kWp Total power 310 kWac
Total 586 modules Nb. of inverters 6 units
Module area 1522 m² Pnom ratio 1.077
Cell area 1400 m²

02/03/23 PVsyst Licensed to Page 4/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Array losses
Array Soiling Losses Thermal Loss factor Serie Diode Loss
Loss Fraction 3.0 % Module temperature according to irradiance Voltage drop 0.7 V
Uc (const) 29.0 W/m²K Loss Fraction 0.1 % at STC
Uv (wind) 0.0 W/m²K/m/s

LID - Light Induced Degradation Module Quality Loss Module mismatch losses
Loss Fraction 2.0 % Loss Fraction -0.8 % Loss Fraction 2.0 % at MPP

Strings Mismatch loss Module average degradation

Loss Fraction 0.1 % Year no 1
Loss factor 0.4 %/year
Mismatch due to degradation
Imp RMS dispersion 0.4 %/year
Vmp RMS dispersion 0.4 %/year

IAM loss factor

Incidence effect (IAM): User defined profile

0° 30° 50° 60° 70° 75° 80° 85° 90°

1.000 1.000 1.000 1.000 0.989 0.971 0.931 0.737 0.000

DC wiring losses
Global wiring resistance 10 mΩ
Loss Fraction 1.5 % at STC

Array #1 - AJL Main-1 Array #2 - ETP Building

Global array res. 75 mΩ Global array res. 76 mΩ
Loss Fraction 1.5 % at STC Loss Fraction 1.5 % at STC
Array #3 - PWPL Array #4 - AJL Main-2
Global array res. 103 mΩ Global array res. 105 mΩ
Loss Fraction 1.5 % at STC Loss Fraction 1.5 % at STC

02/03/23 PVsyst Licensed to Page 5/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Main results
System Production
Produced Energy (P50) 466.2 MWh/year Specific production (P50) 1388 kWh/kWp/year Performance Ratio PR 86.21 %
Produced Energy (P90) 455 MWh/year Specific production (P90) 1355 kWh/kWp/year
Produced Energy (P75) 460 MWh/year Specific production (P75) 1371 kWh/kWp/year
Apparent energy 475.7 MVAh

Economic evaluation
Investment Yearly cost LCOE
Global 21'000'000.00 BDT Annuities 4'316'918.98 BDT/yr Energy cost 2.66 BDT/kWh
Specific 62.8 BDT/Wp Run. costs 366'494.94 BDT/yr
Payback period 5.8 years

Normalized productions (per installed kWp) Performance Ratio PR

Balances and main results

GlobHor DiffHor T_Amb GlobInc GlobEff EArray E_Grid PR

kWh/m² kWh/m² °C kWh/m² kWh/m² MWh MWh ratio
January 103.3 60.5 17.15 125.2 121.1 37.89 37.21 0.885
February 111.5 64.2 21.00 127.7 123.6 37.97 37.28 0.870
March 153.5 84.8 25.74 165.1 159.7 48.24 47.36 0.854
April 156.2 91.5 27.61 155.7 150.4 45.41 44.59 0.853
May 163.4 104.7 28.28 154.9 149.7 45.28 44.48 0.855
June 125.3 88.3 28.13 116.0 112.0 34.10 33.48 0.860
July 120.2 87.3 28.51 112.5 108.7 33.03 32.43 0.858
August 142.0 88.5 28.66 138.5 133.8 40.43 39.70 0.854
September 128.7 77.9 27.99 132.1 127.6 38.57 37.87 0.854
October 118.2 74.0 27.13 130.5 126.2 38.30 37.60 0.858
November 109.2 61.2 23.01 132.2 127.9 39.26 38.56 0.869
December 97.2 57.6 18.94 120.3 116.4 36.24 35.60 0.881
Year 1528.9 940.4 25.19 1610.6 1557.3 474.71 466.15 0.862

Legends
GlobHor Global horizontal irradiation EArray Effective energy at the output of the array
DiffHor Horizontal diffuse irradiation E_Grid Energy injected into grid
T_Amb Ambient Temperature PR Performance Ratio
GlobInc Global incident in coll. plane
GlobEff Effective Global, corr. for IAM and shadings

02/03/23 PVsyst Licensed to Page 6/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Loss diagram
1529 kWh/m² Global horizontal irradiation
+5.3% Global incident in coll. plane

-0.32% IAM factor on global

-3.00% Soiling loss factor

1557 kWh/m² * 1522 m² coll. Effective irradiation on collectors

efficiency at STC = 22.07% PV conversion

523.0 MWh Array nominal energy (at STC effic.)

-0.21% Module Degradation Loss ( for year #1)
+0.09% PV loss due to irradiance level

-5.16% PV loss due to temperature

+0.75% Module quality loss

-2.00% LID - Light induced degradation

-2.05% Mismatch loss, modules and strings

-0.92% Ohmic wiring loss

474.7 MWh Array virtual energy at MPP
-1.77% Inverter Loss during operation (efficiency)
0.00% Inverter Loss over nominal inv. power
0.00% Inverter Loss due to max. input current
0.00% Inverter Loss over nominal inv. voltage
0.00% Inverter Loss due to power threshold
0.00% Inverter Loss due to voltage threshold
-0.03% Night consumption
466.2 MWh Available Energy at Inverter Output
466.2 MWh Active Energy injected into grid

94.6 MVAR Reactive energy from the grid: Aver. cos(phi) = 0.980
475.7 MVA Apparent energy to the grid

02/03/23 PVsyst Licensed to Page 7/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Special graphs
Daily Input/Output diagram

System Output Power Distribution

02/03/23 PVsyst Licensed to Page 8/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Aging Tool
Aging Parameters
Time span of simulation 25 years
Module average degradation Mismatch due to degradation
Loss factor 0.4 %/year Imp RMS dispersion 0.4 %/year
Vmp RMS dispersion 0.4 %/year
Meteo used in the simulation
#1 Ananta Jeanswear Ltd MN80 SYN
Years 1990 (reference year)
Years simulated 1,6,11,16,21,25

Energy injected into grid

Performance Ratio

02/03/23 PVsyst Licensed to Page 9/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Aging Tool
Aging Parameters
Time span of simulation 25 years
Module average degradation Mismatch due to degradation
Loss factor 0.4 %/year Imp RMS dispersion 0.4 %/year
Vmp RMS dispersion 0.4 %/year
Meteo used in the simulation
#1 Ananta Jeanswear Ltd MN80 SYN
Years 1990 (reference year)
Years simulated 1,6,11,16,21,25

Ananta Jeanswear Ltd MN80 SYN

Year E Grid PR PR loss

MWh %
1 466.2 0.862 0%
2 463.8 0.858 -0.5%
3 461.5 0.854 -1%
4 459.2 0.849 -1.5%
5 456.9 0.845 -2%
6 454.6 0.841 -2.5%
7 451.3 0.835 -3.2%
8 448.0 0.829 -3.9%
9 444.7 0.822 -4.6%
10 441.4 0.816 -5.3%
11 438.1 0.81 -6%
12 435.8 0.806 -6.5%
13 433.4 0.802 -7%
14 431.0 0.797 -7.5%
15 428.7 0.793 -8%
16 426.3 0.788 -8.6%
17 423.8 0.784 -9.1%
18 421.3 0.779 -9.6%
19 418.8 0.774 -10.2%
20 416.3 0.77 -10.7%
21 413.8 0.765 -11.2%
22 410.0 0.758 -12%
23 406.3 0.751 -12.8%
24 402.5 0.744 -13.7%
25 398.8 0.737 -14.5%

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 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Predef. graphs
Daily System Output Energy

02/03/23 PVsyst Licensed to Page 11/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

P50 - P90 evaluation

Meteo data Simulation and parameters uncertainties
Source Meteonorm 8.0 (1991-2012), Sat=100% PV module modelling/parameters 1.0 %
Kind Not defined Inverter efficiency uncertainty 0.5 %
Year-to-year variability(Variance) 0.5 % Soiling and mismatch uncertainties 1.0 %
Specified Deviation Degradation uncertainty 1.0 %

Global variability (meteo + system) Annual production probability

Variability (Quadratic sum) 1.9 % Variability 8.7 MWh
P50 466.2 MWh
P90 455.0 MWh
P75 460.3 MWh

Probability distribution

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 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Cost of the system

Installation costs

Item Quantity Cost Total

units BDT BDT
PV modules
JKM570N-72HL4-V 589 14'655.36 8'632'007.04
Supports for modules 589 3'815.15 2'247'123.35
Inverters
SUN2000-100KTL-M2-400Vac 1 496'800.00 496'800.00
SUN2000-40KTL-M3-400V 4 300'150.00 1'200'600.00
SUN2000-50KTL-ZHM3-400V 1 300'150.00 300'150.00
Monitoring Manager 103'500.00
Cable Tray 220 2'070.00 455'400.00
DC Cable 4000 62.10 248'400.00
1CX16 Sq. mm PVC/PVC Copper Cable 900 414.00 372'600.00
1CX50 Sq. mm PVC/PVC Copper Cable 100 931.50 93'150.00
1CX70 Sq. mm PVC/PVC Copper Cable 300 1'293.74 388'123.50
1CX120 Sq. mm PVC/PVC Copper Cable 100 2'173.50 217'350.00
1CX4 Sq. mm PVC Insulated Copper Cable Green 500 73.48 36'740.00
1CX10 Sq. mm PVC Insulated Copper Cable Green 300 207.00 62'100.00
1CX35 Sq. mm PVC Insulated Copper Cable Green 100 621.00 62'100.00
MC4 Connector 80 255.00 20'400.00
AC Combiner Box 200A 150'000.00
AC Combiner Box 500A 200'000.00
Earthing System 300'000.00
LPS System 2 200'000.00 400'000.00
Cleaning System 200'000.00
Accessories 700'000.00
Civil Work Materials 334020 0.80 267'216.00
Detailed Design, Enginering, Installation, Testing & Commissioning 334020 1.00 334'020.00
Net Metering 150'000.00
Others Cost (Customs Duty, VAT, TAX, Transportaton etc.) 3'362'220.11
Total 21'000'000.00
Depreciable asset 12'876'680.39

Operating costs

Item Total
BDT/year
Operaton & Maintenance 167'000.00
Total (OPEX) 167'000.00
Including inflation (6.00%) 366'494.94

System summary
Total installation cost 21'000'000.00 BDT
Operating costs (incl. inflation 6.00%/year) 366'494.94 BDT/year
Produced Energy 466 MWh/year
Cost of produced energy (LCOE) 2.663 BDT/kWh

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 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Financial analysis
Simulation period
Project lifetime 25 years Start year 2023

Income variation over time

Inflation 6.00 %/year
Production variation (aging) 0.50 %/year
Discount rate 0.00 %/year

Income dependent expenses

Income tax rate 0.00 %/year
Other income tax 0.00 %/year
Dividends 0.00 %/year

Depreciation
Depreciable assets 12'876'680.39 BDT
Salvage value 0.00 BDT
Total redeemable 12'876'680.39 BDT
Depreciation period 25 years

Financing
Own funds 2'310'000.00 BDT
Loan - Redeemable with fixed annuity - 5 years 18'690'000.00 BDT Interest rate: 5.00%/year

Electricity sale
Feed-in tariff 8.45 BDT/kWh
Duration of tariff warranty 25 years
Annual connection tax 0.00 BDT/kWh
Annual tariff variation +3.0 %/year
Feed-in tariff decrease after warranty 0.00 %

Return on investment
Payback period 5.8 years
Net present value (NPV) 109'716'123.96 BDT
Return on investment (ROI) 522.5 %

02/03/23 PVsyst Licensed to Page 14/17

 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Financial analysis
Detailed economic results (kBDT)

Electricity Loan Loan Run. Deprec. Taxable Taxes After-tax Cumul. %

sale principal interest costs allow. income profit profit amorti.

2023 3'940 3'382 934 167 515 2'324 0 -544 -2'854 13.5%
2024 4'079 3'552 765 177 515 2'621 0 -415 -3'269 28.5%
2025 4'218 3'729 588 188 515 2'928 0 -286 -3'555 44.8%
2026 4'359 3'916 401 199 515 3'244 0 -157 -3'712 62.7%
2027 4'501 4'111 206 211 515 3'570 0 -26 -3'738 82.2%
2028 4'645 0 0 223 515 3'906 0 4'421 683 103.3%
2029 4'789 0 0 237 515 4'037 0 4'552 5'235 124.9%
2030 4'935 0 0 251 515 4'168 0 4'683 9'918 147.2%
2031 5'081 0 0 266 515 4'300 0 4'815 14'733 170.2%
2032 5'229 0 0 282 515 4'432 0 4'947 19'680 193.7%
2033 5'378 0 0 299 515 4'564 0 5'079 24'760 217.9%
2034 5'529 0 0 317 515 4'697 0 5'212 29'971 242.7%
2035 5'680 0 0 336 515 4'829 0 5'344 35'316 268.2%
2036 5'833 0 0 356 515 4'962 0 5'477 40'792 294.2%
2037 5'987 0 0 378 515 5'094 0 5'609 46'401 321.0%
2038 6'142 0 0 400 515 5'226 0 5'742 52'143 348.3%
2039 6'298 0 0 424 515 5'359 0 5'874 58'017 376.3%
2040 6'455 0 0 450 515 5'491 0 6'006 64'022 404.9%
2041 6'614 0 0 477 515 5'622 0 6'137 70'160 434.1%
2042 6'774 0 0 505 515 5'753 0 6'269 76'428 463.9%
2043 6'935 0 0 536 515 5'884 0 6'399 82'828 494.4%
2044 7'097 0 0 568 515 6'014 0 6'529 89'357 525.5%
2045 7'260 0 0 602 515 6'143 0 6'658 96'015 557.2%
2046 7'425 0 0 638 515 6'272 0 6'787 102'802 589.5%
2047 7'590 0 0 676 515 6'399 0 6'914 109'716 622.5%
Total 142'773 18'690 2'895 9'162 12'877 117'839 0 112'026 109'716 622.5%

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 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

Financial analysis
Yearly net profit (kBDT)

Cumulative cashflow (kBDT)

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 Project: AJL
Variant: Ananta Jeanswear Ltd.

PVsyst V7.2.6
VC0, Simulation date:
02/03/23 16:26
with v7.2.6

CO₂ Emission Balance

Total: 5449.2 tCO₂
Generated emissions Saved CO₂ Emission vs. Time
Total: 599.25 tCO₂
Source: Detailed calculation from table below:
Replaced Emissions
Total: 6805.8 tCO₂
System production: 466.15 MWh/yr
Grid Lifecycle Emissions: 584 gCO₂/kWh
Source: IEA List
Country: Bangladesh
Lifetime: 25 years
Annual degradation: 1.0 %

System Lifecycle Emissions Details

Item LCE Quantity Subtotal

[kgCO₂]
Modules 1713 kgCO2/kWp 335 kWp 574035
Supports 3.90 kgCO2/kg 5880 kg 22904
Inverters 386 kgCO2/units 6.00 units 2315

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