2 MW Karaleti Solar Power Project Feasibility Study Parameters

The project is being developed by LKS Solar LLC, a Georgian resident company established in 2018, which is jointly owned by Georgian and Polish entities. The Polish shareholder company, Polwind, operates in more than 5 countries and has implemented over 400 projects with a total installed capacity of over 1000 MW. The project is located in Shida Kartli region, on two distinct territories covering 2.24 ha and 1.13 ha. The transformer connected to the power grid is located 800 meters away. The project is expected to generate 2,873,400 kWh of electricity per year, with an estimated lifespan of 25 years. The capacity factor of the project is expected to be 14.50%. The project involves the installation of a 2 MW solar farm, with a total investment cost of USD 1,066,464. The project will reduce carbon emissions by 22,200 tons. The main impacts of the project in the construction and operation phases include emissions of carbon monoxide, nitrogen oxide, particulate matter, and suspended dust due to transport, construction equipment, and generators. These impacts can be mitigated with proper measures. The project is expected to be connected to the distribution network with a 10 kV substation. The initial interconnection conditions were proposed by the distribution system operator, Energo-Pro Georgia. The project will provide employment opportunities for local people during the construction phase, with up to 25 people expected to be employed during the operation phase. The project's technical parameters include an installed PV plant capacity of 2,000 kWp, with a type of PV module being monocrystalline silicone (c-Si). The estimated annual output is 2,873,400 kWh/year, with an estimated lifespan of 25 years. The capacity factor of the project is expected to be 14.50%. The project will be connected to the distribution network with a 10 kV substation. The project's economic parameters include a PV system cost of USD 400/kWh, with a total cost of grid connection of USD 2,500. The project will be financed through a combination of debt and equity, with a financial structure of 30% debt and 70% equity. The debt term is 10 years, with an interest rate of 6%. The project will have a power purchase agreement (PPA) price of 5.108 Usc/kWh for 12 months per year, for a 10-year period. The project's environmental parameters include an area of 40,000 m² (4 ha), with GIS coordinates and description of the project area alternatives. The project is not located within or in the immediate vicinity of a protected area or habitat for threatened or endangered species. The project will use water from a reservoir, with a water use of yes. The main environmental impacts of the project include emissions of carbon monoxide, nitrogen oxide, particulate matter, and suspended dust due to transport, construction equipment, and generators. These impacts can be mitigated with proper measures. The project will reduce carbon emissions by 22,200 tons.