| Source document – Solar Power Plant Pre-Feasibility Study, 2 September 2008, for ActewAGL and ACT Government. Authored by PB Power | Download This spreadsheet |
Download this spreadsheet |
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| Interest rate | 5.00% | kWh tariff | $0.30 | |||
| Based on 80 GW/h of generation capacity per year | ||||||
| Thermal solar | Thin Film | Fixed Flat Panel | Tracking Flat Pnl | CPV (GaAs) | CPV (Si) | |
| Plant size (MW) | 22 | 50 | 57 | 48 | 45 | 48 |
| Land Required per MW | 13.47 | 8.93 | 6 | |||
| Land cost per Acre | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Factory cost 45MW (estimate) | $0 | $67,500,000 | $0 | $0 | $4,050,000 | $5,625,000 |
| Finance rate | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% |
| Cost per watt ex factory | $6 | $1.69 | $4.35 |
$6.73 |
$1.81 | $2.00 |
| Solar Modules | $141,000,000 | $84,294,000 | $235,758,056 | $198,533,100 | $81,450,000 | $96,000,000 |
| Tracking Structures | $162,480,000 | $12,038,463 | $124,351,360 | $0 | $0 | |
| Electrical | $26,878,135 | $30,916,364 | $26,034,833 | $24,607,667 | $26,034,833 | |
| Inverters | $27,647,911 | $32,831,895 | $27,647,911 | $27,647,911 | $27,647,911 | |
| Design, Engineering, PM | $14,745,600 | $16,961,011 | $14,282,957 | $13,500,000 | $14,282,957 | |
| Installation hardware, civil fences | $24,113,318 | $9,984,525 | $11,145,516 | $7,488,394 | $11,145,516 | |
| Labour – Installation | $29,491,200 | $33,922,022 | $28,565,914 | $27,000,000 | $28,565,914 | |
| Packing and Freight | $18,691,051 | $6,370,144 | $5,364,332 | $4,868,000 | $5,364,332 | |
| O&M per annum | $5,000,000 | $4,669,440 | $1,893,980 | $3,094,641 | $2,925,000 | $3,094,641 |
| Total Land Cost | $889,200 | $1,339,728 | $596,505 | $619,476 | $415,997 | $619,476 |
| Tariff per kWh | $0.30 | $0.30 | $0.30 | $0.30 | $0.30 | $0.30 |
| 30 year funds accumulated | $284,558,538.30 | -$651,152,837.44 | -$469,701,538.60 | -$768,645,691.98 | $2,628,774,953.66 | $1,836,806,531.17 |
| After yr 30 return at same interest rate | $14,227,926.92 | -$32,557,641.87 | -$23,485,076.93 | -$38,432,284.60 | $131,438,747.68 | $91,840,326.56 |
| Theoretical returns 30 yr program | ||||||
| Year 1 Finance | $56,755,680.00 | $307,858,562.00 | $303,959,569.00 | $370,179,660.00 | $4,465,997.40 | $6,244,476.00 |
| Finance cost year 1 | $2,837,784.00 | $15,392,928.10 | $15,197,978.45 | $18,508,983.00 | $223,299.87 | $312,223.80 |
| O&M cost | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Net | 0 | 0 | 0 | 0 | 0 | 0 |
| MW total installed | 0 | 0 | 0 | 0 | 0 | 0 |
| GW/h generated year 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Year 2 Finance | $101,893,464.00 | $403,734,143.10 | $393,980,458.45 | $454,434,906.00 | $191,251,269.27 | $215,598,162.80 |
| Finance cost year 2 | $5,094,673.20 | $20,186,707.16 | $19,699,022.92 | $22,721,745.30 | $9,562,563.46 | $10,779,908.14 |
| O&M cost | 0 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | 0 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $12,000,000.00 | $12,000,000.00 |
| Net | 0 | -$856,147.15 | $2,406,997.08 | -$1,816,386.30 | -$487,563.46 | -$1,874,549.14 |
| MW total installed | 0 | 50 | 57 | 48 | 22.5 | 24 |
| GW/h generated year 2 | 0 | 80 | 80 | 80 | 40 | 40 |
| Year 3 Finance | $149,288,137.20 | $404,590,290.26 | $391,573,461.37 | $456,251,292.30 | $378,716,802.13 | $427,133,650.94 |
| Finance cost year 3 | $7,464,406.86 | $20,229,514.51 | $19,578,673.07 | $22,812,564.62 | $18,935,840.11 | $21,356,682.55 |
| O&M cost | 0 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | 0 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $36,000,000.00 | $36,000,000.00 |
| Net | 0 | -$898,954.51 | $2,527,346.93 | -$1,907,205.62 | $14,139,159.89 | $11,548,676.45 |
| MW total installed | 0 | 50 | 57 | 48 | 67.5 | 72 |
| GW/h generated year 3 | 0 | 80 | 80 | 80 | 120 | 120 |
| Year 4 Finance | $156,752,544.06 | $405,489,244.77 | $389,046,114.44 | $458,158,497.92 | $551,555,611.64 | $625,245,913.49 |
| Finance cost year 4 | $7,837,627.20 | $20,274,462.24 | $19,452,305.72 | $22,907,924.90 | $27,577,780.58 | $31,262,295.67 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $60,000,000.00 | $60,000,000.00 |
| Net | $11,162,372.80 | -$943,902.24 | $2,653,714.28 | -$2,002,565.90 | $29,497,219.42 | $25,643,063.33 |
| MW total installed | 22 | 50 | 57 | 48 | 112.5 | 120 |
| GW/h generated year 4 | 80 | 80 | 80 | 80 | 200 | 200 |
| Year 5 Finance | $145,590,171.26 | $406,433,147.01 | $386,392,400.16 | $460,161,063.81 | $709,036,361.62 | $809,263,789.16 |
| Finance cost year 5 | $7,279,508.56 | $20,321,657.35 | $19,319,620.01 | $23,008,053.19 | $35,451,818.08 | $40,463,189.46 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $84,000,000.00 | $84,000,000.00 |
| Net | $11,720,491.44 | -$991,097.35 | $2,786,399.99 | -$2,102,694.19 | $45,623,181.92 | $40,442,169.54 |
| MW total installed | 22 | 50 | 57 | 48 | 157.5 | 168 |
| GW/h generated year 5 | 80 | 80 | 80 | 80 | 280 | 280 |
| Year 6 Finance | $133,869,679.83 | $407,424,244.36 | $383,606,000.17 | $462,263,758.00 | $850,391,149.10 | $978,482,558.62 |
| Finance cost year 6 | $6,693,483.99 | $20,371,212.22 | $19,180,300.01 | $23,113,187.90 | $42,519,557.46 | $48,924,127.93 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $108,000,000.00 | $108,000,000.00 |
| Net | $12,306,516.01 | -$1,040,652.22 | $2,925,719.99 | -$2,207,828.90 | $62,555,442.54 | $55,981,231.07 |
| MW total installed | 22 | 50 | 57 | 48 | 202.5 | 216 |
| GW/h generated year 6 | 80 | 80 | 80 | 80 | 360 | 360 |
| Year 7 Finance | $121,563,163.82 | $408,464,896.57 | $380,680,280.18 | $464,471,586.90 | $974,813,675.96 | $1,132,162,266.55 |
| Finance cost year 7 | $6,078,158.19 | $20,423,244.83 | $19,034,014.01 | $23,223,579.35 | $48,740,683.80 | $56,608,113.33 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $126,000,000.00 | $126,000,000.00 |
| Net | $12,921,841.81 | -$1,092,684.83 | $3,072,005.99 | -$2,318,220.35 | $74,334,316.20 | $66,297,245.67 |
| MW total installed | 22 | 50 | 57 | 48 | 247.5 | 264 |
| GW/h generated year 7 | 80 | 80 | 80 | 80 | 420 | 420 |
| Year 8 Finance | $108,641,322.01 | $409,557,581.40 | $377,608,274.19 | $466,789,807.25 | $1,087,457,329.16 | $1,275,525,959.88 |
| Finance cost year 8 | $5,432,066.10 | $20,477,879.07 | $18,880,413.71 | $23,339,490.36 | $54,372,866.46 | $63,776,297.99 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $150,000,000.00 | $150,000,000.00 |
| Net | $13,567,933.90 | -$1,147,319.07 | $3,225,606.29 | -$2,434,131.36 | $92,702,133.54 | $83,129,061.01 |
| MW total installed | 22 | 50 | 57 | 48 | 292.5 | 312 |
| GW/h generated year 8 | 80 | 80 | 80 | 80 | 500 | 500 |
| Year 9 Finance | $95,073,388.11 | $410,704,900.47 | $374,382,667.90 | $469,223,938.61 | $1,181,733,165.01 | $1,402,057,837.87 |
| Finance cost year 9 | $4,753,669.41 | $20,535,245.02 | $18,719,133.39 | $23,461,196.93 | $59,086,658.25 | $70,102,891.89 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $174,000,000.00 | $174,000,000.00 |
| Net | $14,246,330.59 | -$1,204,685.02 | $3,386,886.61 | -$2,555,837.93 | $111,988,341.75 | $100,802,467.11 |
| MW total installed | 22 | 50 | 57 | 48 | 337.5 | 360 |
| GW/h generated year 9 | 80 | 80 | 80 | 80 | 580 | 580 |
| Year 10 Finance | $80,827,057.51 | $411,909,585.50 | $370,995,781.29 | $471,779,776.54 | $1,256,722,792.66 | $1,510,916,309.77 |
| Finance cost year 10 | $4,041,352.88 | $20,595,479.27 | $18,549,789.06 | $23,588,988.83 | $62,836,139.63 | $75,545,815.49 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $198,000,000.00 | $198,000,000.00 |
| Net | $14,958,647.12 | -$1,264,919.27 | $3,556,230.94 | -$2,683,629.83 | $132,238,860.37 | $119,359,543.51 |
| MW total installed | 22 | 50 | 57 | 48 | 382.5 | 408 |
| GW/h generated year 10 | 80 | 80 | 80 | 80 | 660 | 660 |
| Year 11 Finance | $65,868,410.39 | $413,174,504.77 | $367,439,550.36 | $474,463,406.37 | $1,311,461,901.70 | $1,601,217,705.25 |
| Finance cost year 11 | $3,293,420.52 | $20,658,725.24 | $18,371,977.52 | $23,723,170.32 | $65,573,095.08 | $80,060,885.26 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $222,000,000.00 | $222,000,000.00 |
| Net | $15,706,579.48 | -$1,328,165.24 | $3,734,042.48 | -$2,817,811.32 | $153,501,904.92 | $138,844,473.74 |
| MW total installed | 22 | 50 | 57 | 48 | 427.5 | 456 |
| GW/h generated year 11 | 80 | 80 | 80 | 80 | 740 | 740 |
| Year 12 Finance | $50,161,830.91 | $414,502,670.01 | $363,705,507.88 | $477,281,217.68 | $1,344,937,966.18 | $1,672,034,170.52 |
| Finance cost year 12 | $2,508,091.55 | $20,725,133.50 | $18,185,275.39 | $23,864,060.88 | $67,246,898.31 | $83,601,708.53 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $16,491,908.45 | -$1,394,573.50 | $3,920,744.61 | -$2,958,701.88 | $175,828,101.69 | $159,303,650.47 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 12 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 13 Finance | $33,669,922.45 | $415,897,243.51 | $359,784,763.27 | $480,239,919.57 | $1,169,109,864.49 | $1,512,730,520.04 |
| Finance cost year 13 | $1,683,496.12 | $20,794,862.18 | $17,989,238.16 | $24,011,995.98 | $58,455,493.22 | $75,636,526.00 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $17,316,503.88 | -$1,464,302.18 | $4,116,781.84 | -$3,106,636.98 | $184,619,506.78 | $167,268,833.00 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 13 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 14 Finance | $16,353,418.58 | $417,361,545.69 | $355,667,981.43 | $483,346,556.55 | $984,490,357.72 | $1,345,461,687.04 |
| Finance cost year 14 | $817,670.93 | $20,868,077.28 | $17,783,399.07 | $24,167,327.83 | $49,224,517.89 | $67,273,084.35 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $18,182,329.07 | -$1,537,517.28 | $4,322,620.93 | -$3,261,968.83 | $193,850,482.11 | $175,632,274.65 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 14 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 15 Finance | -$1,828,910.49 | $418,899,062.97 | $351,345,360.50 | $486,608,525.37 | $790,639,875.60 | $1,169,829,412.40 |
| Finance cost year 15 | -$91,445.52 | $20,944,953.15 | $17,567,268.03 | $24,330,426.27 | $39,531,993.78 | $58,491,470.62 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $19,091,445.52 | -$1,614,393.15 | $4,538,751.97 | -$3,425,067.27 | $203,543,006.22 | $184,413,888.38 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 15 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 16 Finance | -$20,920,356.02 | $420,513,456.12 | $346,806,608.53 | $490,033,592.64 | $587,096,869.38 | $985,415,524.02 |
| Finance cost year 16 | -$1,046,017.80 | $21,025,672.81 | $17,340,330.43 | $24,501,679.63 | $29,354,843.47 | $49,270,776.20 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $20,046,017.80 | -$1,695,112.81 | $4,765,689.57 | -$3,596,320.63 | $213,720,156.53 | $193,634,582.80 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 16 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 17 Finance | -$40,966,373.82 | $422,208,568.93 | $342,040,918.96 | $493,629,913.28 | $373,376,712.85 | $791,780,941.22 |
| Finance cost year 17 | -$2,048,318.69 | $21,110,428.45 | $17,102,045.95 | $24,681,495.66 | $18,668,835.64 | $39,589,047.06 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $21,048,318.69 | -$1,779,868.45 | $5,003,974.05 | -$3,776,136.66 | $224,406,164.36 | $203,316,311.94 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 17 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 18 Finance | -$62,014,692.51 | $423,988,437.37 | $337,036,944.90 | $497,406,049.94 | $148,970,548.49 | $588,464,629.28 |
| Finance cost year 18 | -$3,100,734.63 | $21,199,421.87 | $16,851,847.25 | $24,870,302.50 | $7,448,527.42 | $29,423,231.46 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $22,100,734.63 | -$1,868,861.87 | $5,254,172.75 | -$3,964,943.50 | $235,626,472.58 | $213,482,127.54 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 18 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 19 Finance | -$84,115,427.14 | $425,857,299.24 | $331,782,772.15 | $501,370,993.44 | -$86,655,924.08 | $374,982,501.74 |
| Finance cost year 19 | -$4,205,771.36 | $21,292,864.96 | $16,589,138.61 | $25,068,549.67 | -$4,332,796.20 | $18,749,125.09 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $23,205,771.36 | -$1,962,304.96 | $5,516,881.39 | -$4,163,190.67 | $247,407,796.20 | $224,156,233.91 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 19 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 20 Finance | -$107,321,198.49 | $427,819,604.20 | $326,265,890.76 | $505,534,184.11 | -$334,063,720.28 | $150,826,267.83 |
| Finance cost year 20 | -$5,366,059.92 | $21,390,980.21 | $16,313,294.54 | $25,276,709.21 | -$16,703,186.01 | $7,541,313.39 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $24,366,059.92 | -$2,060,420.21 | $5,792,725.46 | -$4,371,350.21 | $259,778,186.01 | $235,364,045.61 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 20 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 21 Finance | -$131,687,258.42 | $429,880,024.41 | $320,473,165.29 | $509,905,534.31 | -$593,841,906.30 | -$84,537,777.78 |
| Finance cost year 21 | -$6,584,362.92 | $21,494,001.22 | $16,023,658.26 | $25,495,276.72 | -$29,692,095.31 | -$4,226,888.89 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $24,000,000.00 | $246,000,000.00 | $246,000,000.00 |
| Net | $25,584,362.92 | -$2,163,441.22 | $6,082,361.74 | -$4,589,917.72 | $272,767,095.31 | $247,132,247.89 |
| MW total installed | 22 | 50 | 57 | 48 | 472.5 | 504 |
| GW/h generated year 21 | 80 | 80 | 80 | 80 | 820 | 820 |
| Year 22 Finance | -$157,271,621.34 | $432,043,465.63 | $314,390,803.56 | $514,495,452.03 | -$866,609,001.61 | -$331,670,025.67 |
| Finance cost year 22 | -$7,863,581.07 | $21,602,173.28 | $15,719,540.18 | $25,724,772.60 | -$43,330,450.08 | -$16,583,501.28 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $0.00 | $0.00 | $0.00 | $222,000,000.00 | $222,000,000.00 |
| Net | $26,863,581.07 | -$26,271,613.28 | -$17,613,520.18 | -$28,819,413.60 | $262,405,450.08 | $235,488,860.28 |
| MW total installed | 22 | 0 | 0 | 0 | 427.5 | 456 |
| GW/h generated year 22 | 80 | 0 | 0 | 0 | 740 | 740 |
| Year 23 Finance | -$184,135,202.40 | $458,315,078.91 | $332,004,323.74 | $543,314,865.63 | -$1,129,014,451.69 | -$567,158,885.95 |
| Finance cost year 23 | -$9,206,760.12 | $22,915,753.95 | $16,600,216.19 | $27,165,743.28 | -$56,450,722.58 | -$28,357,944.30 |
| O&M cost | $5,000,000.00 | $4,669,440.00 | $1,893,980.00 | $3,094,641.00 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $24,000,000.00 | $0.00 | $0.00 | $0.00 | $198,000,000.00 | $198,000,000.00 |
| Net | $28,206,760.12 | -$27,585,193.95 | -$18,494,196.19 | -$30,260,384.28 | $251,525,722.58 | $223,263,303.30 |
| MW total installed | 22 | 0 | 0 | 0 | 382.5 | 408 |
| GW/h generated year 23 | 80 | 0 | 0 | 0 | 660 | 660 |
| Year 24 Finance | -$212,341,962.52 | $485,900,272.86 | $350,498,519.92 | $573,575,249.91 | -$1,380,540,174.28 | -$790,422,189.25 |
| Finance cost year 24 | -$10,617,098.13 | $24,295,013.64 | $17,524,926.00 | $28,678,762.50 | -$69,027,008.71 | -$39,521,109.46 |
| O&M cost | 0 | 0 | 0 | 0 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $174,000,000.00 | $174,000,000.00 |
| Net | $10,617,098.13 | -$24,295,013.64 | -$17,524,926.00 | -$28,678,762.50 | $240,102,008.71 | $210,426,468.46 |
| MW total installed | 0 | 0 | 0 | 0 | 337.5 | 360 |
| GW/h generated year 24 | 0 | 0 | 0 | 0 | 580 | 580 |
| Year 25 Finance | -$222,959,060.65 | $510,195,286.50 | $368,023,445.92 | $602,254,012.41 | -$1,620,642,182.99 | -$1,000,848,657.71 |
| Finance cost year 25 | -$11,147,953.03 | $25,509,764.33 | $18,401,172.30 | $30,112,700.62 | -$81,032,109.15 | -$50,042,432.89 |
| O&M cost | 0 | 0 | 0 | 0 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $150,000,000.00 | $150,000,000.00 |
| Net | $11,147,953.03 | -$25,509,764.33 | -$18,401,172.30 | -$30,112,700.62 | $228,107,109.15 | $196,947,791.89 |
| MW total installed | 0 | 0 | 0 | 0 | 292.5 | 312 |
| GW/h generated year 25 | 0 | 0 | 0 | 0 | 500 | 500 |
| Year 26 Finance | -$234,107,013.68 | $535,705,050.83 | $386,424,618.22 | $632,366,713.03 | -$1,848,749,292.14 | -$1,197,796,449.60 |
| Finance cost year 26 | -$11,705,350.68 | $26,785,252.54 | $19,321,230.91 | $31,618,335.65 | -$92,437,464.61 | -$59,889,822.48 |
| O&M cost | 0 | 0 | 0 | 0 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $126,000,000.00 | $126,000,000.00 |
| Net | $11,705,350.68 | -$26,785,252.54 | -$19,321,230.91 | -$31,618,335.65 | $215,512,464.61 | $182,795,181.48 |
| MW total installed | 0 | 0 | 0 | 0 | 247.5 | 264 |
| GW/h generated year 26 | 0 | 0 | 0 | 0 | 420 | 420 |
| Year 27 Finance | -$245,812,364.37 | $562,490,303.37 | $405,745,849.13 | $663,985,048.68 | -$2,064,261,756.75 | -$1,380,591,631.08 |
| Finance cost year 27 | -$12,290,618.22 | $28,124,515.17 | $20,287,292.46 | $33,199,252.43 | -$103,213,087.84 | -$69,029,581.55 |
| O&M cost | 0 | 0 | 0 | 0 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $102,000,000.00 | $102,000,000.00 |
| Net | $12,290,618.22 | -$28,124,515.17 | -$20,287,292.46 | -$33,199,252.43 | $202,288,087.84 | $167,934,940.55 |
| MW total installed | 0 | 0 | 0 | 0 | 202.5 | 216 |
| GW/h generated year 27 | 0 | 0 | 0 | 0 | 340 | 340 |
| Year 28 Finance | -$258,102,982.59 | $590,614,818.54 | $426,033,141.58 | $697,184,301.11 | -$2,266,549,844.59 | -$1,548,526,571.63 |
| Finance cost year 28 | -$12,905,149.13 | $29,530,740.93 | $21,301,657.08 | $34,859,215.06 | -$113,327,492.23 | -$77,426,328.58 |
| O&M cost | 0 | 0 | 0 | 0 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $78,000,000.00 | $78,000,000.00 |
| Net | $12,905,149.13 | -$29,530,740.93 | -$21,301,657.08 | -$34,859,215.06 | $188,402,492.23 | $152,331,687.58 |
| MW total installed | 0 | 0 | 0 | 0 | 157.5 | 168 |
| GW/h generated year 28 | 0 | 0 | 0 | 0 | 260 | 260 |
| Year 29 Finance | -$271,008,131.72 | $620,145,559.46 | $447,334,798.66 | $732,043,516.17 | -$2,454,952,336.82 | -$1,700,858,259.21 |
| Finance cost year 29 | -$13,550,406.59 | $31,007,277.97 | $22,366,739.93 | $36,602,175.81 | -$122,747,616.84 | -$85,042,912.96 |
| O&M cost | 0 | 0 | 0 | 0 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $0.00 | $0.00 | 0 | $0.00 | $54,000,000.00 | $54,000,000.00 |
| Net | $13,550,406.59 | -$31,007,277.97 | -$22,366,739.93 | -$36,602,175.81 | $173,822,616.84 | $135,948,271.96 |
| MW total installed | 0 | 0 | 0 | 0 | 112.5 | 120 |
| GW/h generated year 29 | 0 | 0 | 0 | 0 | 180 | 180 |
| Year 30 Finance | -$284,558,538.30 | $651,152,837.44 | $469,701,538.60 | $768,645,691.98 | -$2,628,774,953.66 | -$1,836,806,531.17 |
| Finance cost year 30 | -$14,227,926.92 | $32,557,641.87 | $23,485,076.93 | $38,432,284.60 | -$131,438,747.68 | -$91,840,326.56 |
| O&M cost | 0 | 0 | 0 | 0 | $2,925,000.00 | $3,094,641.00 |
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $30,000,000.00 | $30,000,000.00 |
| Net | $14,227,926.92 | -$32,557,641.87 | -$23,485,076.93 | -$38,432,284.60 | $158,513,747.68 | $118,745,685.56 |
| MW total installed | 0 | 0 | 0 | 0 | 67.5 | 72 |
| GW/h generated year 30 | 0 | 0 | 0 | 0 | 100 | 100 |
| Total GW hours produced | 1600 | 1600 | 1600 | 1600 | 15880 | 15880 |
| Total revenue at 10c/kWh | $160,000,000.00 | $160,000,000.00 | $160,000,000.00 | $160,000,000.00 | $1,588,000,000.00 | $1,588,000,000.00 |
| Total revenue at 20c/kWh | $320,000,000.00 | $320,000,000.00 | $320,000,000.00 | $320,000,000.00 | $3,176,000,000.00 | $3,176,000,000.00 |
| Total revenue at 30c/kWh | $480,000,000.00 | $480,000,000.00 | $480,000,000.00 | $480,000,000.00 | $4,764,000,000.00 | $4,764,000,000.00 |
| Total revenue at 40c/kWh | $640,000,000.00 | $640,000,000.00 | $640,000,000.00 | $640,000,000.00 | $6,352,000,000.00 | $6,352,000,000.00 |
Assumptions
- This is based on purchase of modules from an external manufacturer for Solar thermal, thinfilm, PV and PV tracking. As factory cost is so low for CPV, manufacturing will be in a new facility designed to operate for 10 years at capacity shown.
- Modifications will be ongoing to this spreadsheet as firmer figures become available.
- The author encourages any one using this spreadsheet to do their own figure verification. These calculations are one interpretation only.
- 1GW is equivalent to 1 million kW
- No improvement in efficiency has been factored into CPV manfacturing capacity
- No cost improvements have been factored in for manufacturing facilities, although this will also occur
- No improvement in module level efficiency realisations have been factored in
- Above is based on 30 year installation with manufacturing facilty operation at 10 years
- CPV costs once factory is complete are static for manufacturing and installation. These are expected to reduce with technological and skill adaptation improvements
- No consideration is given to ETS or Carbon market trading program. This will have a positive impact on all technologies if a price is placed on carbon
- Multicrystalline values are assumed for PV (tbl 4-1)and PV tracking (tbl 4-4). Thinfilm tracking values used (tbl 4-4).
- 1 Hectare = 2.47 Acres
- PB study land areas appear to be off somewhat relative to current installations. Where recent completed installations or company data show MW/Acre, these have been used.
- Note the module and tracking prices for CPV are out of date. Emcore Generation 3 figures of $1.80 per watt are used. Although Energy Innovations have indicated $2 per watt
- Figures used for CPV (Si) are from Entech figures for module cost and duplicate PV tracking figures for other costs
- An effective breakdown has not been done for Solar thermal the selected technology. Plant costs are then from executive summary.
- O&M costs have not been modeled for the Solar thermal technology selected. As this is an active Rankine Cycle thermal power station which will require higher O&M, a flat $5M has been used
- Land cost taken from Elders Australia Rural properties site. Calculated at $835,000 for 241 acres then round down to $3,000 as it is likely crown land would be used for government projects
- Factory costs – Thermal need numbers, Thinfilm First Solar 100MW for $150M, Flat Panel need numbers, CPV (GaAs) Soliant 40MW for $3.6M, CPV (Si) Entech $5M for 40MW
- Cost per watt ex factory – First Solar $1.08+56.1% margin, CPV Emcore $1.81 Generation 3
- Year 1 Finance – Solar Thermal drawdown (40% + land, 30%, 30%), Thinfilm, PV and PV Tracking module/equipment costs, CPV Factory + land costs
- Year 2 finance – Installation costs. O&M costs once installation complete.
- Entech figure of $1.20 W in 1995 subjected to inflation of 4% per year