This is a graduate classroom project at Michigan Tech, I am working on this with Dr. Joshua M. Pearce under the course titled MY5970, my primary focus is to evaluate current annuity proposals focusing on mostly government retirement programs, military programs, etc to justify that the capital can be invested on solar power plant projects and annuity in this case will far exceed the current value. As a result, it will be beneficial for all parties involved. Anyone interested or having experience or able to contribute on this project is always welcomed with highest appreciation.
Possible involved parties
- Buyer (annuitant), the individual who will invest money(by monthly payment from salary for certain period)
- Seller (issuer), here the Government itself through Department of Energy. Will analyze and validate the project in each step by ensuring:
- Securitization, it is the process of combining the PPAs(Power Purchase Agreement) into a financial instrument that can be bought and sold
- Quality of equipment: bankable equipments can be selected via consulting
- Quality of installation: Commissioning the plant to its rated value
- Long term performance and maintenance
- Monitoring, auditing and validating the project's accuracy
- Owner/ leaser of the location where the plant will be commissioned. Aspects for choosing location??
- Solar Contractor, who will provide all the equipments. May be the cost will be met through installments
Total Cost
- Equipments
- Future equipment estimated
- Land
- Maintenance
- Interest to the annuitant, while returning the money
Return
- MwHr, earning by selling the power generated
- Salvage Value, the estimated value that an asset will realize upon its sale at the end of its useful life
- Interest from the annuitant while gathering the money
Literature Reviews
- A review of solar photovoltaic levelized cost of electricity
- Literature reviews on LCOE/LEC/LUEC at APPROPEDIA
- Literature Review on Lifespan and Reliability of Solar Photovoltaics at APPROPEDIA