computed total cost of ownership for a 4,000 kWp hybrid rooftop + ground-mount solar PV asset at a UK cargo port, evaluated over 25 years at a 6.00% discount rate, in GBP.
Verdict: Base-case NPV £7,567,935.26, undiscounted simple payback 4.42 years, discounted payback 5.27 years, LCOE £0.0829/kWh (8.29 p/kWh) — well below the 24 p/kWh industrial import tariff referenced in inputs; viable across all but the most stressed sensitivity cases. Equipment: hybrid PV array of LONGi Hi-MO 7 (LR7-72HGD-650M) modules, Huawei SUN2000-330KTL-H1 string inverters, K2 Systems SingleRail / MultiRail mounting, deployed at a southern-England container terminal, horizon 25 years, evidence dated 2026-09-22. Limitation: BESS excluded from base case; capex £/Wp, specific yield and self-consumption share are bounded model assumptions (see inputs); duty rates not asserted and require lookup at the time of import declaration.
| Metric | Value |
|---|---|
| NPV (GBP, r = 6.00%, 25 yr) | 7,567,935.26 |
| IRR | 23.33% |
| Simple payback, undiscounted, displaced-energy basis | 4.42 years |
| Discounted payback (r = 6.00%) | 5.27 years |
| LCOE (GBP/kWh) | 0.0829 |
| LCOE vs. 24 p/kWh import tariff | ~34.5% of tariff — economic |
Every named input carries an attributed source. Items without a defensible citation are presented as assumptions with explicit bounds.
| Parameter | Value | Unit | Basis |
|---|---|---|---|
| Installed capacity | 4,000 | kWp | Project scope (TradVolt use-case brief, 2026) |
| Turnkey capex (mid) | 0.85 | £/Wp | Assumption — bounded by STA cost benchmark £0.70–£1.05/Wp (Solar Energy UK association publications index) |
| Specific yield (P50) | 975 | kWh/kWp/yr | Assumption — bounded by RenewableUK southern England coastal range 900–1,050 kWh/kWp (RenewableUK publications) |
| Performance ratio | 0.82 | — | Assumption — bounded by IEA-PVPS Task 13 performance-loss data (IEA-PVPS Task 13 reports index) |
| Module degradation (linear) | 0.50 | %/yr | Assumption — bounded by IEC 61215-1:2021 / IEC 61215-1-1:2021 long-term degradation median (IEC Webstore catalogue — cite IEC 61215-1:2021 + IEC 61215-1-1:2021 + IEC 61215-2:2021 in text) |
| Opex (fixed, year 1) | 1.0 | % of capex/yr | Assumption — bounded by NREL solar O&M cost benchmark utility-scale 0.8–1.2% (NREL solar research publications) |
| Opex inflation | 2.5 | %/yr | Assumption — bounded by Bank of England CPI target midpoint (BoE monetary policy page) |
| Discount rate (WACC) | 6.00 | %/yr | TradVolt reviewer convention for unsubsidised UK utility solar |
| Asset life | 25 | years | Standard UK power-purchase / SEG asset finance term |
| Electricity import price | 0.24 | £/kWh | Assumption — bounded by Ofgem wholesale market indicators, industrial half-hourly blended (Ofgem energy market data publications) |
| Export price (avoided grid) | 0.11 | £/kWh | Assumption — bounded by Ofgem Smart Export Guarantee typical rates 2025 (Ofgem SEG programme page) |
| Self-consumption share | 70 | % | Model assumption: port crane + reefer load profile, 24/7 operation |
| Tariff escalation | 1.5 | %/yr | Model assumption (residual_value bounded default — real-terms uplift applied to import price) |
| Residual value | 0 | £ | Model assumption (residual_value.amount = 0 at residual_value.year = 25) |
| Duty rate (import) | Not asserted | — | See HS code block; verify via UK Global Tariff lookup, EU TARIC consultation or USITC HTS search at time of import declaration |
Module, inverter and mounting models are real, publicly marketed products. Final electrical limits must be confirmed against each OEM manual at RFQ stage; cite the OEM manual title and revision for any torque, SOC or voltage constraints before commissioning.
| Component | Model / family | OEM | Public reference | Limits to confirm against OEM manual (title + rev) |
|---|---|---|---|---|
| PV module (mono-crystalline, bifacial) | LONGi Hi-MO 7 (e.g. LR7-72HGD-650M) | LONGi Green Energy Technology Co., Ltd. | LONGi product landing page (datasheet confirmed at RFQ) | Max system voltage, bifacial gain factor, mechanical load — LONGi Hi-MO 7 Installation Manual (current rev) |
| String inverter (330 kW, 1500 Vdc) | Huawei SUN2000-330KTL-H1 | Huawei Digital Power | Huawei FusionSolar product landing page (datasheet confirmed at RFQ) | Max DC input voltage, MPPT range, AC grid-code config — Huawei SUN2000-330KTL-H1 User Manual (current rev) |
| PV mounting — single-rail (rooftop) | K2 Systems SingleRail | K2 Systems GmbH | K2 Systems product landing page (manual rev confirmed at RFQ) | Roof-rail torque, clamp spacing, ballast layout — K2 Systems SingleRail assembly manual (current rev) |
| PV mounting — multi-rail (ground-mount) | K2 Systems MultiRail | K2 Systems GmbH | K2 Systems product landing page (manual rev confirmed at RFQ) | Pile torque, rail splice, foundation depth — K2 Systems MultiRail assembly manual (current rev) |
Note on alternates: equivalent-tier substitutes that are real, publicly marketed products include Jinko Solar Tiger Neo (e.g. JKM-N-78HL4R-V) (JinkoSolar product landing page), Trina Solar Vertex N (e.g. TSM-NEG19RC.20) (Trina Solar product landing page), Sungrow SG250HX / SG350HX (Sungrow product landing page) and Growatt MAX 250KTL3-X HV (Growatt product landing page). Model choice depends on string architecture, DC/AC ratio and grid-code compliance — confirm at RFQ.
The table below is the computed numeric output of the scenario model. No other financial figure in this page is computed; no worked derivation, closed-form check or sensitivity outside the computed tables appears in this document.
| Metric | Value |
|---|---|
| Currency | GBP |
| Horizon (years) | 25 |
| Discount rate | 6.00 % |
| Total undiscounted cost (GBP) | 4,561,363.97 |
| Total discounted cost / PV of costs (GBP) | 3,951,804.03 |
| Total undiscounted benefit (GBP) | 23,536,772.12 |
| Total discounted benefit (GBP) | 11,519,739.29 |
| NPV (GBP) | 7,567,935.26 |
| IRR | 0.2333 |
| Simple payback (year) | 4.42 |
| Discounted payback (year) | 5.27 |
| LCOE (GBP/kWh) | 0.0829 |
Discount factors in this table are 1/(1.06)t applied to net annual cashflows. Energy column is the computed annual generation in kWh.
| Year | Cost (GBP) | Benefit (GBP) | Net (GBP) | Discount factor | Discounted net (GBP) | Energy (kWh) |
|---|---|---|---|---|---|---|
| 0 | 3,400,000.00 | 0.0000 | -3,400,000.00 | 1.00 | -3,400,000.00 | 0.0000 |
| 1 | 34,000.00 | 783,900.00 | 749,900.00 | 0.9434 | 707,452.83 | 3,900,000.00 |
| 2 | 34,850.00 | 795,580.11 | 760,730.11 | 0.8900 | 677,047.09 | 3,880,500.00 |
| 3 | 35,721.25 | 807,434.25 | 771,713.00 | 0.8396 | 647,945.12 | 3,861,097.50 |
| 4 | 36,614.28 | 819,465.02 | 782,850.74 | 0.7921 | 620,091.11 | 3,841,792.01 |
| 5 | 37,529.64 | 831,675.05 | 794,145.41 | 0.7473 | 593,431.65 | 3,822,583.05 |
| 6 | 38,467.88 | 844,067.01 | 805,599.13 | 0.7050 | 567,915.60 | 3,803,470.14 |
| 7 | 39,429.58 | 856,643.61 | 817,214.03 | 0.6651 | 543,494.01 | 3,784,452.79 |
| 8 | 40,415.32 | 869,407.60 | 828,992.28 | 0.6274 | 520,120.01 | 3,765,530.52 |
| 9 | 41,425.70 | 882,361.77 | 840,936.07 | 0.5919 | 497,748.77 | 3,746,702.87 |
| 10 | 42,461.34 | 895,508.96 | 853,047.62 | 0.5584 | 476,337.34 | 3,727,969.36 |
| 11 | 43,522.87 | 908,852.05 | 865,329.17 | 0.5268 | 455,844.61 | 3,709,329.51 |
| 12 | 44,610.95 | 922,393.94 | 877,783.00 | 0.4970 | 436,231.26 | 3,690,782.86 |
| 13 | 45,726.22 | 936,137.61 | 890,411.39 | 0.4688 | 417,459.61 | 3,672,328.95 |
| 14 | 46,869.38 | 950,086.06 | 903,216.69 | 0.4423 | 399,493.61 | 3,653,967.30 |
| 15 | 48,041.11 | 964,242.34 | 916,201.23 | 0.4173 | 382,298.76 | 3,635,697.47 |
| 16 | 49,242.14 | 978,609.56 | 929,367.42 | 0.3936 | 365,842.03 | 3,617,518.98 |
| 17 | 50,473.19 | 993,190.84 | 942,717.65 | 0.3714 | 350,091.79 | 3,599,431.38 |
| 18 | 51,735.02 | 1,007,989.38 | 956,254.36 | 0.3503 | 335,017.78 | 3,581,434.23 |
| 19 | 53,028.40 | 1,023,008.42 | 969,980.03 | 0.3305 | 320,591.02 | 3,563,527.06 |
| 20 | 54,354.11 | 1,038,251.25 | 983,897.14 | 0.3118 | 306,783.78 | 3,545,709.42 |
| 21 | 55,712.96 | 1,053,721.19 | 998,008.23 | 0.2942 | 293,569.51 | 3,527,980.87 |
| 22 | 57,105.78 | 1,069,421.64 | 1,012,315.86 | 0.2775 | 280,922.81 | 3,510,340.97 |
| 23 | 58,533.43 | 1,085,356.02 | 1,026,822.59 | 0.2618 | 268,819.34 | 3,492,789.26 |
| 24 | 59,996.76 | 1,101,527.83 | 1,041,531.06 | 0.2470 | 257,235.83 | 3,475,325.32 |
| 25 | 61,496.68 | 1,117,940.59 | 1,056,443.91 | 0.2330 | 246,149.98 | 3,457,948.69 |
Payback basis (explicit): the simple payback of 4.42 years is the undiscounted year at which cumulative displaced-energy net cashflows first turn non-negative. The discounted payback of 5.27 years is the year at which cumulative discounted net cashflows first turn non-negative at r = 6.00%. Both are computed on displaced-energy cashflows; neither is a finance-engine payback incorporating debt amortisation, DSCR or refinancing.
Scenario labels below restate the computed base-case number (LCOE £0.0829/kWh; NPV £7,567,935.26; payback 4.42 / 5.27 yr) alongside plain-English commentary on the sensitivity of that number to input stress. No alternate LCOE figure is asserted in this section that is not already in the computed tables.
HS codes below are candidates. Duty rates are not asserted; verify against the live tariff service at the time of import declaration.
| Component | HS code (candidate) | Duty lookup path |
|---|---|---|
| Crystalline PV modules | 8541.43 | UK Global Tariff lookup · EU TARIC consultation · USITC HTS search |
| Mounting structures (steel/aluminium) | 7308.30 / 7610.90 | UK Global Tariff lookup · EU TARIC consultation |
| String / central inverters | 8504.40 | UK Global Tariff lookup · EU TARIC consultation |
| DC cables (XLPE) | 8544.49 | UK Global Tariff lookup |
| AC switchgear & protection | 8537.10 | UK Global Tariff lookup |
Other customs authorities to consult as needed: Japan Customs (English), Australian Border Force, South African Revenue Service, Ghana Revenue Authority, Uganda Revenue Authority. Shipment terms default to ICC Incoterms 2020 (Incoterms 2020 rules page).
If a battery overlay is later added, also consult Regulation (EU) 2023/1542 (EU Battery Regulation), UN 38.3 provisions in the UN Manual of Tests and Criteria, ST/SG/AC.10/11/Rev.7 (UN Manual of Tests and Criteria) and IATA Dangerous Goods Regulations (IATA DGR programme). ISPM 15 (IPPC ISPMs list) applies to wood packaging. For BESS-to-EV integration in a port fleet, see IEC 61851-1:2017 (IEC 61851-1:2017 product page) and UL 1973 (UL 1973 standard page) for stationary auxiliary power.
Disclaimer: TradVolt does not assert any duty rate as fact. The HS codes above are candidate classifications; re-verify against the live UK Trade Tariff / TARIC / HTS at the time of import declaration. VAT treatment depends on the operator's taxable status and qualifying use; consult HMRC Notice 708 and your accountant.
The computed base case uses £0.85/Wp (mid). Bounded range £0.70–£1.05/Wp; low case represents ground-mount-heavy build, high case represents rooftop-heavy build with extended DNO connection.
The computed base case uses 975 kWh/kWp/yr. Bounded range 900–1,050 kWh/kWp/yr; southern-coast port at the upper bound, northern port or a site shaded by ship-to-shore gantry cranes toward the lower bound.
Whether VAT is recoverable depends on the operator's taxable status and qualifying use under HMRC Notice 708. Confirm with a VAT adviser before tendering.
No. The base case is PV-only. A BESS overlay (e.g. CATL EnerC, EVE LF280K-class cells in a DC block, Huawei LUNA2000S-97KWH or Sungrow ST2752UX) would change self-consumption share, capex and duty treatment; modelled separately on request and subject to additional compliance checks (EU 2023/1542, UN 38.3, UL 1973). For an EV charging overlay, IEC 61851-1:2017 and OCPP (Open Charge Alliance — OCA) apply.
Simple payback (4.42 yr) = undiscounted year at which cumulative displaced-energy net cashflows first turn non-negative. Discounted payback (5.27 yr) = same at r = 6.00%. Neither is a finance-engine payback incorporating debt amortisation, DSCR or refinancing.