Research Article

Power Prediction and Technoeconomic Analysis of a Solar PV Power Plant by MLP-ABC and COMFAR III, considering Cloudy Weather Conditions

Table 2

Comparison of results between two conditions (COMFAR’s report).

Economic indexModel #1Model #2

Total fixed investment ($)150000000150000000
Net present value (NPV) ($) (discounting rate: 4%)10641,719914,05
Internal rate of return (IRR)35,13%32,25%
Break-even ratio (%)17.40%18.29%
Normal payback period3.83 years4.08 years
Dynamic payback period4.07 years4.36 years