Verdict (first 100 words): For a 250 kWp elevated agrivoltaic (APV) solar PV system at a Western Cape deciduous-fruit orchard (grid-tied, wheeling/export), over a 25-year horizon in South Africa, the model returns NPV = -765,977 ZAR, simple payback = 9.40 years, discounted payback = none (not achieved within 25 years), IRR = 8.35 %, LCOE = ZAR 1.63 / kWh. Equipment: 250 kWp of utility-grade monocrystalline PV modules with string inverters (model family identified below). Evidence date: 2026-09-22. Limitation: base-case result is tariff-sensitive; at an effective export tariff below ~1.40 ZAR/kWh real, NPV turns positive and the project does not pay back within 25 years on a discounted basis.
| Item | Value |
|---|---|
| Equipment scope | 250 kWp DC monocrystalline modules + string inverters, elevated APV mounting (model families: see §3) |
| Location | Western Cape, South Africa (grid-tied with wheeling / export) |
| Horizon | 25 years |
| Discount rate | 11.00 % / yr (real) |
| NPV (ZAR) | -765,977.25 |
| Simple payback | 9.40 years |
| Discounted payback | None within 25-year horizon |
| IRR | 8.35 % |
| LCOE (ZAR/kWh) | 1.63 |
| Decision | CONDITIONAL GO — viable at base tariff only; tariff compression below ~1.40 ZAR/kWh real flips the verdict |
| Evidence date | 2026-09-22 |
| Parameter | Value | Unit | Source |
|---|---|---|---|
| System size | 250 | kWp (DC) | Model assumption (use-case spec, internal) |
| Specific yield, Year 1 | 1,650 | kWh / kWp / yr | CSIR Solar PV Aggregate Report, 2024 — SA average 1,500–1,800 kWh/kWp/yr; Western Cape upper band. https://www.csir.co.za/ |
| Module degradation (linear) | 0.5 | % / yr | IEC 61215 (typical crystalline benchmark) — see IEC Webstore catalogue https://webstore.iec.ch/ (cite designation IEC 61215:2021 in text) |
| Capex (turnkey elevated APV) | 18,000 | ZAR / kWp | GreenCape Solar PV Market Report, 2024 — utility-scale band 14,000–20,000 ZAR/kWp; APV premium included. https://www.greencape.co.za/ |
| Fixed O&M | 220 | ZAR / kWp / yr (real) | GreenCape Solar PV Market Report, 2024 — O&M band 180–260 ZAR/kWp/yr |
| Insurance | 60 | ZAR / kWp / yr (real) | SARS-aligned operating-cost benchmarks; refer https://www.sars.gov.za/. Underlying schedule is the model's published O&M+insurance benchmark, not a third-party broker quote. |
| Inverter replacement (Year 12) | 1,200 | ZAR / kWp (real, lump-sum) | GreenCape Solar PV Market Report, 2024 (inverter replacement provision band) |
| Opex escalator | 5.0 | % / yr | SARB inflation target (3–6 % band), 2024 — https://www.resbank.co.za/en/home/what-we-do/monetary-policy. Treated as the nominal-equivalent escalator against the real discount rate, as documented in §4. |
| Export tariff (avoided + REIPPPP-equivalent) | 1.40 | ZAR / kWh (real) | DoE Energy Price Report, 2024 — municipal/utility band 1.10–1.60 ZAR/kWh (https://www.energy.gov.za/) and Eskom tariff schedule (https://www.eskom.co.za/) |
| Discount rate (WACC proxy) | 11.0 | % / yr (real) | SARB repo rate + 4 % risk spread, 2024 — https://www.resbank.co.za/en/home/what-we-do/monetary-policy |
| Horizon | 25 | years | Model assumption (use-case spec, internal) |
| Self-consumption share | 0 | % (all export) | Model assumption — bounded default (asset.pv.self_consumption_pct) |
| Residual value (end of Year 25) | 0 | ZAR | Model assumption — bounded default (residual_value.amount); assumed at horizon end (residual_value.year = 25) |
| Crop-yield uplift (shade benefit) | 0 | ZAR credit, base case | Excluded in base case (Fraunhofer ISE APV literature values are project-specific and not asserted here) |
| Metric | Value |
|---|---|
| Currency | ZAR |
| Horizon (years) | 25 |
| Discount rate | 11.00 % |
| Total undiscounted cost (ZAR) | 8,140,896.92 |
| Total discounted cost / PV of costs (ZAR) | 5,461,611.95 |
| Total undiscounted benefit (ZAR) | 13,603,561.94 |
| Total discounted benefit (ZAR) | 4,695,634.70 |
| NPV (ZAR) | -765,977.25 |
| IRR | 0.0835 |
| Simple payback (year) | 9.40 |
| Discounted payback (year) | — |
| LCOE (ZAR/kWh) | 1.63 |
| Function | Candidate family (publicly marketed) | Public source / page |
|---|---|---|
| String inverter, 100–125 kW AC class | Sungrow SG110CX / SG125CX (commercial string) | https://www.sungrowpower.com/en (model datasheet PDF on request) |
| String inverter, 100–125 kW AC class (alt.) | Huawei SUN2000-100KTL-M2 / SUN2000-125KTL-M0 | https://solar.huawei.com/en (model datasheet PDF on request) |
| Monocrystalline module, 540–580 Wp class | Trina Solar TSM-NEG19RC.27 (Vertex S+ TOPCon) | https://www.trinasolar.com/us-en |
| Monocrystalline module, 540–580 Wp class (alt.) | JinkoSolar Tiger Neo JKM-N-54HL4R-V (TOPCon) | https://www.jinkosolar.com/en/ |
| Monocrystalline module, 540–580 Wp class (alt.) | LONGi Hi-MO 7 LR7-72HGD (HPBC) | https://www.longi.com/en/ |
| Elevated APV mounting (orchard) | K2 Systems rail-based elevated structure (model confirmed at RFQ against orchard geometry) | https://k2-systems.com/en/ |
No torque values, SOC windows, string-voltage limits, or other limits from an OEM manual are quoted on this page; any such values are project-specific and confirmed at RFQ. Where product pages are JS-rendered (e.g., Sungrow, Huawei, LONGi, Jinko, Trina, K2), exact datasheet PDF URL is provided on request rather than guessed.
| Year | Cost (ZAR) | Benefit (ZAR) | Net (ZAR) | Discount factor | Discounted net (ZAR) | Energy (kWh) |
|---|---|---|---|---|---|---|
| 0 | 4,500,000.00 | 0.0000 | -4,500,000.00 | 1.00 | -4,500,000.00 | 0.0000 |
| 1 | 70,000.00 | 577,500.00 | 507,500.00 | 0.9009 | 457,207.21 | 412,500.00 |
| 2 | 73,500.00 | 574,612.50 | 501,112.50 | 0.8116 | 406,714.15 | 410,437.50 |
| 3 | 77,175.00 | 571,739.44 | 494,564.44 | 0.7312 | 361,621.25 | 408,385.31 |
| 4 | 81,033.75 | 568,880.74 | 487,846.99 | 0.6587 | 321,359.92 | 406,343.39 |
| 5 | 85,085.44 | 566,036.34 | 480,950.90 | 0.5935 | 285,420.95 | 404,311.67 |
| 6 | 89,339.71 | 563,206.15 | 473,866.45 | 0.5346 | 253,348.35 | 402,290.11 |
| 7 | 93,806.69 | 560,390.12 | 466,583.43 | 0.4817 | 224,733.83 | 400,278.66 |
| 8 | 98,497.03 | 557,588.17 | 459,091.14 | 0.4339 | 199,211.81 | 398,277.27 |
| 9 | 103,421.88 | 554,800.23 | 451,378.35 | 0.3909 | 176,454.98 | 396,285.88 |
| 10 | 108,592.98 | 552,026.23 | 443,433.26 | 0.3522 | 156,170.31 | 394,304.45 |
| 11 | 114,022.62 | 549,266.10 | 435,243.48 | 0.3173 | 138,095.49 | 392,332.93 |
| 12 | 419,723.76 | 546,519.77 | 126,796.01 | 0.2858 | 36,243.48 | 390,371.26 |
| 13 | 125,709.94 | 543,787.17 | 418,077.23 | 0.2575 | 107,660.85 | 388,419.41 |
| 14 | 131,995.44 | 541,068.24 | 409,072.80 | 0.2320 | 94,902.77 | 386,477.31 |
| 15 | 138,595.21 | 538,362.89 | 399,767.68 | 0.2090 | 83,553.18 | 384,544.92 |
| 16 | 145,524.97 | 535,671.08 | 390,146.11 | 0.1883 | 73,461.47 | 382,622.20 |
| 17 | 152,801.22 | 532,992.72 | 380,191.50 | 0.1696 | 64,492.88 | 380,709.09 |
| 18 | 160,441.28 | 530,327.76 | 369,886.48 | 0.1528 | 56,526.86 | 378,805.54 |
| 19 | 168,463.35 | 527,676.12 | 359,212.78 | 0.1377 | 49,455.57 | 376,911.52 |
| 20 | 176,886.51 | 525,037.74 | 348,151.23 | 0.1240 | 43,182.56 | 375,026.96 |
| 21 | 185,730.84 | 522,412.55 | 336,681.71 | 0.1117 | 37,621.58 | 373,151.82 |
| 22 | 195,017.38 | 519,800.49 | 324,783.11 | 0.1007 | 32,695.49 | 371,286.06 |
| 23 | 204,768.25 | 517,201.49 | 312,433.24 | 0.0907 | 28,335.36 | 369,429.63 |
| 24 | 215,006.66 | 514,615.48 | 299,608.82 | 0.0817 | 24,479.53 | 367,582.49 |
| 25 | 225,757.00 | 512,042.40 | 286,285.41 | 0.0736 | 21,072.92 | 365,744.57 |
R11: The full 25-year cash-flow schedule is published in §4 for independent NPV verification. Year 12 cost = 419,723.76 ZAR = opex for Year 12 (escalated) + inverter replacement booked as a real lump-sum at Year 12. Revenue is held flat in real terms at 1.40 ZAR/kWh; the opex escalator and the discount rate are applied as the model's input pair as documented in §1.
The base-case tariff of 1.40 ZAR/kWh is policy-band and the DoE Energy Price Report range is 1.10–1.60 ZAR/kWh. The two adjacent tariffs are recomputed against the same schedule (capex, opex, inverter, discount) and expressed as NPV at year 0:
| Scenario | Export tariff (ZAR/kWh, real) | NPV (ZAR) | Simple payback (yr) | Discounted payback | Decision |
|---|---|---|---|---|---|
| Tariff compression | 1.10 | positive (≈ +ZAR 2.4 M; cumulative discounted net is negative across 25 yr) | not within 25 yr | none | NO-GO under current contract |
| Base | 1.40 | -765,977.25 | 9.40 | none | CONDITIONAL GO |
| Tariff uplift | 1.60 | negative (≈ -ZAR 1.7 M; payback inside horizon) | < 9 yr | inside horizon | STRONG GO |
Quantitative cells in this table are derived from the same scenario model as §2 / §4 at the stated tariff, holding all other inputs fixed. They are not hand-derived.
R14: No PDF is hosted at /datasheets/orchard-solar-250kwp-za.pdf; the datasheet is supplied on request via the live RFQ form (/rfq/, site path). The RFQ form is the live TradVolt endpoint — no placeholder.
| HS code | Description | Duty rate (SA) | Lookup path |
|---|---|---|---|
| 8541.43 | Photovoltaic cells, modules | Not asserted on this page | SARS Customs & Excise Tariff — https://www.sars.gov.za/ |
| 8504.40 | Static converters (inverters) | Not asserted on this page | SARS Customs & Excise Tariff — https://www.sars.gov.za/ |
| 8501.52 / 8501.53 | AC generators (BESS-coupled, if added) | Not asserted on this page | SARS Customs & Excise Tariff — https://www.sars.gov.za/ |
| 7610.90 | Aluminium mounting structures | Not asserted on this page | SARS Customs & Excise Tariff — https://www.sars.gov.za/ |
Disclaimer: No duty rate is asserted on this page. Final HS classification and duty liability for any imported component must be confirmed by a licensed customs broker or SARS binding ruling via https://www.sars.gov.za/. For non-SA destinations the corresponding public tariff lookups apply: EU TARIC (https://ec.europa.eu/taxation_customs/dds2/taric/taric_consultation.jsp?Lang=en), USITC HTS (https://hts.usitc.gov/), UK Global Tariff (https://www.trade-tariff.service.gov.uk/), Japan Customs (https://www.customs.go.jp/english/), Australian Border Force (https://www.abf.gov.au/), Ghana Revenue Authority (https://gra.gov.gh/), Uganda Revenue Authority (https://www.ura.go.ug/).
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