Question: A solar system integrator is preparing a proposal for Net Energy Metering project for Universiti Teknikal Malaysia Melaka (UTeM). Based on the information given

A solar system integrator is preparing a proposal for Net Energy Metering

A solar system integrator is preparing a proposal for Net Energy Metering project for Universiti Teknikal Malaysia Melaka (UTeM). Based on the information given in Table Q3.1 and Table Q3.2: a) Propose your preferable system by comparing the loan proposal given by Bank P and Q, considering the optimum levelized cost of energy (LCOE) (20 marks) b) Calculate the annual saving for UTeM if the solar company is targeting a 25% premium rate. Assume UTeM's electricity tariff is at RM0.38/kWh. Table Q3.1: Information for UTeM's solar PV system (5 marks) System A System B UTeM's annual average maximum demand 5 MW Overall PV system costs PV system's capacity factor RM 3,500/kW 0.16 RM 4000/kW 0.2 Annual operation and maintenance (O&M) costs RM 100,000 RM 120,00 Table Q3.2: Loan proposal Bank P Bank Q Interest 6% 4% Loan period 20 years 15years

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