Design and Techno-Financial Analysis of Solar Photovoltaic Plant for School of Engineering and Technology at BGSB University, Rajouri (J&K)

Solar power technology was present in India from a very long time, but due to its high purchase cost, only few were able to reap its benefits. It was very costly and less efficient during its early phase, but due to the increase in efficiency of solar modules and drop in the prices of solar PV along with various government schemes and policy implementations, solar PV technology has gained prime importance as a source of electricity. In this paper, we have carried out design, technical and financial analysis along with optimisation of solar PV plant for the School of Engineering and Technology, Baba Ghulam Shah Badshah University (BGSBU), Rajouri, Jammu and Kashmir, India. This paper uses two-way approaches for the design and analysis of feasibility of solar PV plant. We have not limited our design and analysis to the use of simulation software like PV GIS, etc., but also making use of the actual physical cost for the various items needed for building this plant prevailing these days in India. This has helped us to calculate the cost expenditures much closer to that would be spent in building this plant in the future. In this paper, we have estimated the energy demand of the School of Engineering and Technology, and based on the energy demand and location, we have proposed this solar PV system to solve much-awaited issue of power scarcity in such locations of educational and economic importance. This system will not only help the university to lower down the burden of money spent on the usage of electricity but will also help in reducing the quantity of carbon dioxide emission into the atmosphere.