Techno-Economic Analysis of Three 1.025 Mw Photovoltaic Power Plants

Techno-economic analysis of three (A, B and C) 1.025 MW solar photovoltaic power plants (SPVPs) has been done and payback periods of these SPVPs has also been determined in this paper. Selected SPVPs were installed in location of Adiyaman City, Turkey (Latitude: 37,45°, Longitude: 38,17° and Altitude: 672 m) in 2017. Date of commencement of operation is November 27, 2017, installed power capacity per SPVP is 1.025 MW, installation cost per SPVP is $1000000, supply method for installation is 100% equity capital and sales price of the electricity to the grid is 0.133 $/kWh. The results of the work showed us that the first year average electric energy production is 1691642 kWh, internal consumption is 11513 kWh, net generation is 1680129 kWh and average payback period is 6.0 years for these SPVPs.