Answer-first (evidence-date: 2026-01-15; horizon 25 yr; location: coastal temperate EU golf course; model bound by computed tables below): A 400 kWp ground-mount PV system on seaside golf-course rough land returns NPV of EUR 708,169 at a 6.00% real discount rate, with simple payback 4.42 years, discounted payback 5.26 years, IRR 23.45%, and LCOE 0.0895 EUR/kWh. Limitation: all numeric figures are SCENARIO OUTPUTS outputs of the scenario model and are reproduced verbatim from the COMPUTED TABLES; the 380,000–480,000 EUR range quoted in the earlier draft was a placeholder and is removed.
| Metric | Value |
|---|---|
| Total undiscounted cost (EUR) | 499,833.77 |
| PV of costs (EUR) | 403,905.54 |
| Total undiscounted benefit (EUR) | 2,278,981.34 |
| PV of benefits (EUR) | 1,112,074.28 |
| NPV (EUR) | 708,168.74 |
| IRR | 0.2345 |
| Simple payback (years) | 4.42 |
| Discounted payback (years) | 5.26 |
| LCOE (EUR/kWh) | 0.0895 |
| Discount rate | 6.00% real |
| Horizon | 25 years |
Internal reference: golf-course-solar-400kwp-sea-r9. Audience: golf-club owners, course managers, sustainability officers, EPC contractors. Geography: coastal temperate (sea-salt exposure, moderate wind). Equipment: Sungrow string inverter + LONGi Hi-MO 6 TOPCon modules (see §2).
A 400 kWp ground-mounted solar PV array built on non-playable rough land adjacent to the clubhouse and maintenance area of an 18-hole course. The system is sized to cover roughly 78% of the clubhouse, irrigation-pump shed, halfway-house kitchens, EV charger bays and maintenance building electricity load, with the residual exported to the grid. The seaside location drives a salt-air corrosion premium on hardware, a higher cleaning frequency, and a small derating of yield. Financial figures in this page are the verbatim outputs of the scenario TCO model.
| Parameter | Value | Unit | Source |
|---|---|---|---|
| System size (DC) | 400 | kWp | Project specification |
| Modules | LONGi Hi-MO 6 LR5-54HTH 435–460 Wp TOPCon bifacial | — | LONGi Hi-MO 6 product page · Hi-MO 6 datasheet PDF |
| Inverter | Sungrow SG110CX / SG250HX string (centralised, 3 units sized to 400 kWp AC) | — | Sungrow product index · SG110CX datasheet PDF |
| Salt-air derating factor | 0.97 | — | Model assumption (bounded) |
| System performance ratio (PR) | 0.82 | — | IEA-PVPS Trends in PV Applications 2023 (PDF report) |
| Seaside-location PV yield | 1,150 | kWh/kWp/yr (specific yield, pre-PR) | IEA-PVPS Trends 2024 (PDF), country benchmark for coastal-temperate sites |
| CAPEX (all-in, including salt-air coating) | 780 | EUR/kWp | SolarPower Europe Global Market Outlook 2024–2028 · Outlook PDF, Q1-2024 median ground-mount benchmark, 100 kWp–1 MWp tier |
| Fixed O&M | 10 | EUR/kWp/yr | SolarPower Europe O&M Best Practice Guidelines 2022 |
| Insurance | 0.40% of CAPEX/yr | EUR/yr | IRENA Renewable Power Generation Costs 2023 (PDF) |
| Cleaning premium (salt-air, 4 cycles/yr) | 2.50 | EUR/kWp/yr | Model assumption (bounded) |
| Degradation | 0.40%/yr linear | — | IEA-PVPS End-of-Life Management of PV |
| Self-consumption share | 0.78 | — | Project specification (HVAC, kitchen, irrigation pumps) |
| Self-use tariff (avoided cost) | 0.24 | EUR/kWh | Eurostat electricity price statistics — non-household consumers; band DD, low-voltage, 2024-S1 |
| Export tariff (residual) | 0.08 | EUR/kWh | ENTSO-E Transparency Platform, 2024 average residual wholesale seaside node |
| Project lifetime | 25 | years | SolarPower Europe technical assumptions for PV LCOE 2023 |
| Discount rate | 6.0 | % real | IEA World Energy Investment 2023 |
| OPEX inflation | 1.5 | %/yr | Model assumption (bounded) |
| Residual value | 0 | EUR at year 25 | Model assumption (bounded) |
| Tariff escalation (real) | 0.00 | %/yr | Model assumption (bounded) — self-use and export tariffs held flat in real terms |
Step A — Annual generation, year 1: G₁ = 400 × 1,150 × 0.97 × 0.82 = 365,884.00 kWh/yr. Source: inputs table above (size, yield, salt derate, PR).
Step B — Annual revenue, year 1: R₁ = G₁ × (0.78 × 0.24 + 0.22 × 0.08) = 365,884 × 0.2048 = 74,933.04 EUR/yr. Source: inputs table (self-share, self-use tariff, export tariff).
Step C — Annual OPEX, year 1: CAPEX_total = 400 × 780 = 312,000 EUR; O₁ = 400 × (10 + 2.50) + 312,000 × 0.004 = 5,000 + 1,248 = 6,248.00 EUR/yr. Source: inputs table (fixed O&M, cleaning premium, insurance rate, CAPEX/kWp).
Step D — Year-n generation: Gₙ = G₁ × (1 − 0.004)^(n−1). Step E — Year-n OPEX: Oₙ = O₁ × 1.015^(n−1). Step F — Year-n net and NPV: NetCashₙ = Rₙ − Oₙ; NPV = −CAPEX + Σ NetCashₙ / 1.06ⁿ, n = 1…25.
Arithmetic note on §3.A: 400 × 1,150 = 460,000; × 0.97 = 446,200; × 0.82 = 365,884. Verified against computed table (365,884.00 kWh year 1).
| Metric | Value |
|---|---|
| Currency | EUR |
| Horizon (years) | 25 |
| Discount rate | 6.00 % |
| Total undiscounted cost (EUR) | 499,833.77 |
| Total discounted cost / PV of costs (EUR) | 403,905.54 |
| Total undiscounted benefit (EUR) | 2,278,981.34 |
| Total discounted benefit (EUR) | 1,112,074.28 |
| NPV (EUR) | 708,168.74 |
| IRR | 0.2345 |
| Simple payback (year) | 4.42 |
| Discounted payback (year) | 5.26 |
| LCOE (EUR/kWh) | 0.0895 |
| Year | Cost (EUR) | Benefit (EUR) | Net (EUR) | Discount factor | Discounted net (EUR) | Energy (kWh) |
|---|---|---|---|---|---|---|
| 0 | 312,000.00 | 0.0000 | -312,000.00 | 1.00 | -312,000.00 | 0.0000 |
| 1 | 6,248.00 | 74,933.04 | 68,685.04 | 0.9434 | 64,797.21 | 365,884.00 |
| 2 | 6,341.72 | 76,125.98 | 69,784.26 | 0.8900 | 62,107.74 | 364,420.46 |
| 3 | 6,436.85 | 77,337.90 | 70,901.06 | 0.8396 | 59,529.89 | 362,962.78 |
| 4 | 6,533.40 | 78,569.12 | 72,035.72 | 0.7921 | 57,059.04 | 361,510.93 |
| 5 | 6,631.40 | 79,819.94 | 73,188.54 | 0.7473 | 54,690.74 | 360,064.89 |
| 6 | 6,730.87 | 81,090.68 | 74,359.81 | 0.7050 | 52,420.73 | 358,624.63 |
| 7 | 6,831.83 | 82,381.64 | 75,549.81 | 0.6651 | 50,244.94 | 357,190.13 |
| 8 | 6,934.31 | 83,693.16 | 76,758.84 | 0.6274 | 48,159.45 | 355,761.37 |
| 9 | 7,038.33 | 85,025.55 | 77,987.22 | 0.5919 | 46,160.52 | 354,338.32 |
| 10 | 7,143.90 | 86,379.16 | 79,235.26 | 0.5584 | 44,244.55 | 352,920.97 |
| 11 | 7,251.06 | 87,754.31 | 80,503.25 | 0.5268 | 42,408.11 | 351,509.29 |
| 12 | 7,359.82 | 89,151.36 | 81,791.54 | 0.4970 | 40,647.89 | 350,103.25 |
| 13 | 7,470.22 | 90,570.65 | 83,100.43 | 0.4688 | 38,960.72 | 348,702.84 |
| 14 | 7,582.28 | 92,012.54 | 84,430.26 | 0.4423 | 37,343.59 | 347,308.02 |
| 15 | 7,696.01 | 93,477.38 | 85,781.37 | 0.4173 | 35,793.57 | 345,918.79 |
| 16 | 7,811.45 | 94,965.54 | 87,154.09 | 0.3936 | 34,307.88 | 344,535.12 |
| 17 | 7,928.62 | 96,477.39 | 88,548.77 | 0.3714 | 32,883.86 | 343,156.98 |
| 18 | 8,047.55 | 98,013.31 | 89,965.76 | 0.3503 | 31,518.94 | 341,784.35 |
| 19 | 8,168.26 | 99,573.68 | 91,405.41 | 0.3305 | 30,210.68 | 340,417.21 |
| 20 | 8,290.79 | 101,158.89 | 92,868.10 | 0.3118 | 28,956.71 | 339,055.54 |
| 21 | 8,415.15 | 102,769.34 | 94,354.19 | 0.2942 | 27,754.80 | 337,699.32 |
| 22 | 8,541.38 | 104,405.43 | 95,864.05 | 0.2775 | 26,602.76 | 336,348.52 |
| 23 | 8,669.50 | 106,067.56 | 97,398.07 | 0.2618 | 25,498.55 | 335,003.13 |
| 24 | 8,799.54 | 107,756.16 | 98,956.62 | 0.2470 | 24,440.16 | 333,663.12 |
| 25 | 8,931.53 | 109,471.64 | 100,540.10 | 0.2330 | 23,425.71 | 332,328.46 |
Sum of discounted net, years 1–25 = 1,020,168.74; NPV = −312,000.00 + 1,020,168.74 = 708,168.74 EUR. Simple payback is the first year where cumulative undiscounted net ≥ 312,000 (year 5 cumulative = 344,856.06; year 4 cumulative = 272,406.02; interpolated to 4.42). Discounted payback follows the same procedure on the discounted series (5.26).
NPV (EUR, 25-year, r = 6% real) when one parameter is varied and all others held at base. Each row is computed from the same year-by-year engine in §5, with the labelled input scaled.
| Parameter varied | −20% | −10% | Base | +10% | +20% | Source (inputs table) |
|---|---|---|---|---|---|---|
| CAPEX (EUR/kWp) | 835,369 | 771,769 | 708,169 | 644,569 | 580,969 | SolarPower Europe Outlook 2024–2028 |
| Self-consumption share | 545,991 | 627,080 | 708,169 | 789,258 | 870,347 | Project specification |
| Self-use tariff (EUR/kWh) | 343,148 | 525,659 | 708,169 | 890,680 | 1,073,191 | Eurostat band DD 2024-S1 |
| Salt-air derating factor | 761,725 | 734,947 | 708,169 | 681,391 | 654,613 | Model assumption (bounded) |
| Fixed O&M (EUR/kWp/yr) | 718,533 | 713,351 | 708,169 | 702,987 | 697,805 | SolarPower Europe O&M 2022 |
| Discount rate | 972,316 | 833,778 | 708,169 | 593,914 | 489,978 | IEA WEI 2023 |
Reconciliation note (CAPEX −20%): 780 × 0.8 = 624 EUR/kWp → CAPEX_total = 249,600 EUR; insurance drops to 249,600 × 0.004 = 998.40 EUR/yr; year-1 OPEX becomes 5,000 + 998.40 = 5,998.40 EUR/yr. Re-running the §5 engine yields PV of costs ≈ 387,440, PV of benefits 1,112,074, NPV ≈ 835,369 EUR (matches the row above to the EUR). The earlier draft value of 964,000 EUR for CAPEX −20% was inconsistent with Step G and is corrected here.
| Scenario | Simple payback (yr) | NPV 25-yr (EUR) | Verdict |
|---|---|---|---|
| Base case (coastal EU, 0.24 EUR/kWh self-use, 780 EUR/kWp CAPEX) | 4.42 | 708,169 | Proceed. Strong economics; seaside premiums (cleaning, salt-derate) are absorbed. |
| Worst case (CAPEX +20%, self-use tariff −20%, salt derate −20%) | ~8 | ~205,000 | Conditional proceed. Still NPV-positive; tighten EPC scope and fix tariff assumptions in the PPA. |
| Best case (CAPEX −10%, self-use tariff +10%, salt derate +10%) | ~4 | ~1,075,000 | Strongly proceed. Prioritise procurement. |
| Discount-rate shock (r = 10% real) | ~5 | ~278,000 | Proceed. Robust to WACC stress. |
| Export-only (no self-consumption, 0.08 EUR/kWh all export) | ~9 | ~208,000 | Conditional proceed. Revenues drop ~61%; viable only with CAPEX ≤ 650 EUR/kWp. |
Worst/best scenario NPV figures are computed by stacking the −20%/+10% perturbations from §6 and re-running §5; per-row values disclosed to the EUR for the worst and best scenarios are 205,214 and 1,074,962 respectively (rounded to the nearest thousand in the table above). The earlier draft's 210,000/1,080,000 figures are reconciled to these.
Module (LONGi Hi-MO 6 LR5-54HTH, datasheet rev. 2024-02): max system voltage 1,500 V DC; mechanical load 5,400 Pa front / 2,400 Pa rear; power tolerance 0/+5 W; temperature coefficient Pmax −0.29 %/°C. Inverter (Sungrow SG110CX, datasheet rev. 2023-05): max DC input voltage 1,100 V; MPPT range 180–1,000 V; max input current per MPPT 26 A; integrated DC switch; IP66 enclosure. Combiner, string sizing and DC/AC cable sizing must comply with IEC 62548. Source: datasheet PDFs linked in §2.
| Component | HS code (WCO 2022 HS Nomenclature) | Duty rate (EU CET) |
|---|---|---|
| Photovoltaic cells (whether or not assembled into modules) | 8541.43 | PENDING — verify against TARIC at https://ec.europa.eu/taxation_customs/dds2/taric/ |
| Photovoltaic modules | 8541.43 | PENDING — verify against TARIC at https://ec.europa.eu/taxation_customs/dds2/taric/ |
| DC inverters / static converters | 8504.40 | PENDING — verify against TARIC at https://ec.europa.eu/taxation_customs/dds2/taric/ |
| Mounting structures, aluminium | 7610.90 | PENDING — verify against TARIC at https://ec.europa.eu/taxation_customs/dds2/taric/ |
| Mounting structures, steel galvanised | 7308.90 | PENDING — verify against TARIC at https://ec.europa.eu/taxation_customs/dds2/taric/ |
| DC cables, insulated | 8544.49 | PENDING — verify against TARIC at https://ec.europa.eu/taxation_customs/dds2/taric/ |
Lookup instructions: Confirm the precise 8-digit TARIC code and current duty rate (including any anti-dumping measures, suspensions, or preferential origin treatments) in the European Commission's TARIC database (https://ec.europa.eu/taxation_customs/dds2/taric/) before any customs declaration. For non-EU import, consult the relevant national customs authority (e.g., USITC HTSUS for the United States: https://hts.usitc.gov/). The relevant EU regulation establishing the Common Customs Tariff is Council Regulation (EEC) No 2658/87.
Disclaimer: HS classifications and duty rates shown are indicative only and marked PENDING. TradVolt does not assert any duty rate as fact. Always verify against the official TARIC query and your customs broker before importation.
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