{ "currency": "EUR", "engine_revision": "585818885f76d181dafab27328bf49f574a465bd", "inputs": { "ac_kw": 3500, "annual_energy_mwh": 4400, "attributes": { "public_sample": true }, "capture_price_eur_mwh": 80, "cod_year": 2010, "connection_point_id": null, "connection_voltage_kv": null, "contracted_price_eur_mwh": null, "country": "IT", "currency": "EUR", "dc_kwp": 4000, "dso": null, "free_area_ha": 1.5, "grid_export_kw": 3500, "grid_import_kw": null, "id": "sample-pv", "land_tenure": "unknown", "largest_free_polygon_ha": 1, "latitude": 43.1, "lease_end_year": null, "longitude": 12.3, "module_status": "legacy", "module_weight_kg": 20, "module_wp": 250, "modules_per_string": null, "modules_per_table": 32, "n_modules": 16000, "n_tables": 500, "name": "PV8 demonstration solar plant", "offtake_contracted_pct": null, "offtake_merchant_pct": null, "organisation_id": "public-synthetic-only", "site_area_ha": 8, "sources": [ "Synthetic demonstration assumptions; no owner records" ], "strings": null, "tariff_end_date": null, "transformer_kva": null, "uploads": {} }, "recipe_sha256": "6336621d4d7dd98e4d258b757e006f2dad71c51d6d5a7fda73afb56d034eef41", "result": { "assumptions": [ "Installed module dimensions are not recorded (era-typical values are a screening ASSUMPTION and are not used here): the mounting fit cannot refuse the candidate until they are.", "Rail direction not recorded: rails taken to run along the row (horizontal purlins, one rail pair per module row) — ASSUMPTION.", "Modules per table after repowering = 20 (today 32) — ERA_AREA: area-equivalent re-pack of the installed table footprint: 32 × 1825×926 mm (era-typical 250 Wp module area (14.8% STC efficiency, SCREENING ASSUMPTION)) holds 20 × 2384×1134 mm at a 20 mm gap; table envelope not recorded.", "Off-take regime not set — treated as 100% merchant.", "Construction outage 3.0 month(s) (screening assumption ~0.75 months/MWp of scope, 1–6 bounded): 1,100 MWh of in-scope production (€88,000) foregone once and carried in the incremental cash flow alongside CAPEX.", "First-year LID is a separate event: current plant 0% across 100% of its energy basis; repowered modules 1.5% across 100.0% of the plant. Annual degradation begins from the post-LID baseline in year 2.", "Inverter lifecycle: 15-year useful life; current age 16 years (ASSET_COD_SCREENING_PROXY); 7 downtime days and €0 residual value per whole-plant replacement. Replacement CAPEX is the PV8 screening inverter rate.", "P50, P75, P90 and the selected downside use the same visible correlated-lognormal uncertainty contract as lifecycle energy, cash flows and the frozen report; no global default haircut is applied.", "racking_replacement_eur_per_wp = 0.075", "module_cost_eur_per_wp = 0.11", "install_cost_eur_per_wp = 0.05", "removal_cost_eur_per_module = 8.0", "inverter_cost_eur_per_w = 0.03", "transformer_cost_eur_per_kva = 15.0", "bos_recable_eur_per_wp = 0.02", "recycling_cost_eur_per_module = 6.0", "scrap_value_eur_per_module = 2.0", "testing_eur_per_module = 2.5", "packing_eur_per_module = 1.5", "secondlife_eur_per_wp = 0.045 (0.02–0.08)", "Continue-operating energy value = 80.00 €/MWh; repowered energy value = 80.00 €/MWh.", "Continue-operating degradation = 0.7%/yr and year-one operating cost = €51,448; repowered degradation = 0.4%/yr and year-one operating cost = €46,507. O&M, availability, insurance, lease, warranty, maintenance and terminal values are listed in the operating lifecycle and remain editable run inputs." ], "decision_stage": "SCREENING", "engineering": { "baseline_basis": "RECORDED", "candidate": "generic 650 Wp class", "candidate_module_wp": 650.0, "candidate_source": "platform default", "dc_kwp_after": 6500.0, "dc_kwp_before": 4000.0, "dc_uplift_kwp": 2500.0, "existing_module_wp": 250, "inverter_strategy": "replace inverters in repowered blocks", "layout_evidence": "UNKNOWN — source drawings carry no explicit stage language; classify before construction decisions (stage is never inferred from appearance)", "modules_installed": 10000, "modules_per_table_existing": 32, "modules_per_table_new": 20, "modules_removed": 16000, "mounting_structures": "NOT VERIFIED — installed module dimensions not recorded (era-typical values are a screening ASSUMPTION); the mounting fit cannot refuse the candidate until they are", "orientation": "UNKNOWN", "plant_dc_kwp_after": 6500.0, "plant_dc_kwp_before": 4000, "scope": "500/500 tables (full)", "structural": "NOT VERIFIED — per-table module mass 640 → 646 kg (+1%) — structural verification of tables/foundations REQUIRED", "structural_mass_delta_pct": 0.9, "structure_strategy": "keep existing structures", "table_envelope_mm": null, "table_geometry_basis": "ERA_AREA", "table_geometry_note": "area-equivalent re-pack of the installed table footprint: 32 × 1825×926 mm (era-typical 250 Wp module area (14.8% STC efficiency, SCREENING ASSUMPTION)) holds 20 × 2384×1134 mm at a 20 mm gap; table envelope not recorded", "table_module_mass_kg": "640 → 646", "transformer": "verify transformer, switchgear, protection, metering and PCC settings against the selected AC envelope; an AC increase is not inferred from a DC-only scope" }, "finance": { "added_energy_mwh_yr": 1265.6, "added_revenue_eur_yr": 101193, "calculated_capex_eur": 1418750, "capex_basis": "PV8_SCREENING_COST_STACK", "capex_eur": 1418750, "capex_eur_per_incremental_mwh_yr": 1121, "capex_eur_per_kwp_uplift": 567.5, "comparison_horizon_years": 20, "construction_lost_mwh": 1100.0, "construction_lost_revenue_eur": 88000, "construction_months": 3.0, "construction_months_basis": "SCREENING_ASSUMPTION", "current_lifecycle_series_id": "pv-series-2da861cfafe6121d", "current_operating_lifecycle_id": "ops-series-5ba40e76cb1d5d95", "discount_rate": 0.08, "discounted_payback_years": null, "financial_model": { "currency": "EUR", "locale": "it-IT", "missing": [], "notice": null, "project_finance": { "annual": [ { "cfads_eur": 202931.43, "debt_service_eur": 150319.58, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 63407.6, "interest_eur": 44982.29, "interest_tax_shield_eur": 10795.75, "lifecycle_capex_eur": -105000.0, "opex_eur": -4941.0, "revenue_eur": 101193.04, "tax_eur": 8202.57, "terminal_value_eur": -0.04, "year": 1 }, { "cfads_eur": 93282.04, "debt_service_eur": 69097.81, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 33463.12, "interest_eur": 38662.05, "interest_tax_shield_eur": 9278.89, "lifecycle_capex_eur": 0.0, "opex_eur": -5206.0, "revenue_eur": 95256.24, "tax_eur": 7179.96, "terminal_value_eur": -0.24, "year": 2 }, { "cfads_eur": 93758.68, "debt_service_eur": 69450.88, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 33148.42, "interest_eur": 36835.9, "interest_tax_shield_eur": 8840.62, "lifecycle_capex_eur": 0.0, "opex_eur": -5474.0, "revenue_eur": 96052.32, "tax_eur": 7767.32, "terminal_value_eur": -0.32, "year": 3 }, { "cfads_eur": 94235.04, "debt_service_eur": 69803.73, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 32802.27, "interest_eur": 34879.0, "interest_tax_shield_eur": 8370.96, "lifecycle_capex_eur": 0.0, "opex_eur": -5746.0, "revenue_eur": 96835.2, "tax_eur": 8345.96, "terminal_value_eur": -0.2, "year": 4 }, { "cfads_eur": 94710.97, "debt_service_eur": 70156.27, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 32422.74, "interest_eur": 32783.52, "interest_tax_shield_eur": 7868.04, "lifecycle_capex_eur": 0.0, "opex_eur": -6022.0, "revenue_eur": 97604.96, "tax_eur": 8916.03, "terminal_value_eur": 0.04, "year": 5 }, { "cfads_eur": 95185.27, "debt_service_eur": 70507.61, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 32007.54, "interest_eur": 30541.15, "interest_tax_shield_eur": 7329.88, "lifecycle_capex_eur": 0.0, "opex_eur": -6302.0, "revenue_eur": 98361.92, "tax_eur": 9477.73, "terminal_value_eur": -0.92, "year": 6 }, { "cfads_eur": 95660.07, "debt_service_eur": 70859.31, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 31555.12, "interest_eur": 28143.17, "interest_tax_shield_eur": 6754.36, "lifecycle_capex_eur": 0.0, "opex_eur": -6585.0, "revenue_eur": 99106.0, "tax_eur": 10030.93, "terminal_value_eur": 0.0, "year": 7 }, { "cfads_eur": 96133.72, "debt_service_eur": 71210.16, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 31062.8, "interest_eur": 25580.2, "interest_tax_shield_eur": 6139.25, "lifecycle_capex_eur": 0.0, "opex_eur": -6873.0, "revenue_eur": 99837.44, "tax_eur": 10576.28, "terminal_value_eur": -0.44, "year": 8 }, { "cfads_eur": 96606.54, "debt_service_eur": 71560.4, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 30528.32, "interest_eur": 22842.4, "interest_tax_shield_eur": 5482.18, "lifecycle_capex_eur": 0.0, "opex_eur": -7164.0, "revenue_eur": 100556.4, "tax_eur": 11113.46, "terminal_value_eur": -0.4, "year": 9 }, { "cfads_eur": 134722.08, "debt_service_eur": 99794.14, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 39708.58, "interest_eur": 19919.32, "interest_tax_shield_eur": 4780.64, "lifecycle_capex_eur": -47737.0, "opex_eur": -7459.0, "revenue_eur": 103055.44, "tax_eur": 23529.92, "terminal_value_eur": 0.56, "year": 10 }, { "cfads_eur": 97551.46, "debt_service_eur": 72260.34, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 28921.56, "interest_eur": 15126.83, "interest_tax_shield_eur": 3630.44, "lifecycle_capex_eur": 0.0, "opex_eur": -7758.0, "revenue_eur": 101957.12, "tax_eur": 12164.54, "terminal_value_eur": 0.88, "year": 11 }, { "cfads_eur": 98022.01, "debt_service_eur": 72608.9, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 28220.83, "interest_eur": 11698.82, "interest_tax_shield_eur": 2807.72, "lifecycle_capex_eur": 0.0, "opex_eur": -8062.0, "revenue_eur": 102639.2, "tax_eur": 12678.99, "terminal_value_eur": -0.2, "year": 12 }, { "cfads_eur": 98492.93, "debt_service_eur": 72957.73, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 27465.82, "interest_eur": 8044.22, "interest_tax_shield_eur": 1930.61, "lifecycle_capex_eur": 0.0, "opex_eur": -8370.0, "revenue_eur": 103309.28, "tax_eur": 13186.07, "terminal_value_eur": -0.28, "year": 13 }, { "cfads_eur": 98963.34, "debt_service_eur": 73306.18, "depreciation_eur": 0, "dscr": 1.35, "equity_cashflow_eur": 26653.02, "interest_eur": 4149.41, "interest_tax_shield_eur": 995.86, "lifecycle_capex_eur": 0.0, "opex_eur": -8681.0, "revenue_eur": 103967.44, "tax_eur": 13685.66, "terminal_value_eur": 0.56, "year": 14 }, { "cfads_eur": -43528.08, "debt_service_eur": 0.0, "depreciation_eur": 0, "dscr": null, "equity_cashflow_eur": 31631.71, "interest_eur": 0.0, "interest_tax_shield_eur": 0.0, "lifecycle_capex_eur": 146325.0, "opex_eur": -8998.0, "revenue_eur": 94332.32, "tax_eur": 533.08, "terminal_value_eur": -0.32, "year": 15 }, { "cfads_eur": 209420.3, "debt_service_eur": 0.0, "depreciation_eur": 0, "dscr": null, "equity_cashflow_eur": 209420.3, "interest_eur": 0.0, "interest_tax_shield_eur": 0.0, "lifecycle_capex_eur": -105000.0, "opex_eur": -9318.0, "revenue_eur": 111226.0, "tax_eur": 16123.7, "terminal_value_eur": 0.0, "year": 16 }, { "cfads_eur": 100346.22, "debt_service_eur": 0.0, "depreciation_eur": 0, "dscr": null, "equity_cashflow_eur": 100346.22, "interest_eur": 0.0, "interest_tax_shield_eur": 0.0, "lifecycle_capex_eur": 0.0, "opex_eur": -9643.0, "revenue_eur": 105871.68, "tax_eur": 15167.78, "terminal_value_eur": -0.68, "year": 17 }, { "cfads_eur": 100815.25, "debt_service_eur": 0.0, "depreciation_eur": 0, "dscr": null, "equity_cashflow_eur": 100815.25, "interest_eur": 0.0, "interest_tax_shield_eur": 0.0, "lifecycle_capex_eur": 0.0, "opex_eur": -9972.0, "revenue_eur": 106483.44, "tax_eur": 15639.75, "terminal_value_eur": -0.44, "year": 18 }, { "cfads_eur": 101283.85, "debt_service_eur": 0.0, "depreciation_eur": 0, "dscr": null, "equity_cashflow_eur": 101283.85, "interest_eur": 0.0, "interest_tax_shield_eur": 0.0, "lifecycle_capex_eur": 0.0, "opex_eur": -10305.0, "revenue_eur": 107083.92, "tax_eur": 16105.15, "terminal_value_eur": 0.08, "year": 19 }, { "cfads_eur": 46118.85, "debt_service_eur": 0.0, "depreciation_eur": 0, "dscr": null, "equity_cashflow_eur": 46118.85, "interest_eur": 0.0, "interest_tax_shield_eur": 0.0, "lifecycle_capex_eur": 0.0, "opex_eur": -10644.0, "revenue_eur": 107673.2, "tax_eur": 18048.15, "terminal_value_eur": -54150.2, "year": 20 } ], "currency": "EUR", "economics": { "discount_rate_basis": "real post-tax", "discounted_payback_years": null, "money_basis": "real", "payback_years": 15.612588570620678, "post_tax": true, "project_irr_pct": 2.6, "project_irr_status": "unique", "project_npv_eur": -536730.35, "tax_basis": "post-tax" }, "inputs": { "annual_opex_eur": -4941.0, "annual_revenue_eur": 101193.04, "capex_eur": 1575016.0, "corporate_tax_rate_pct": 24.0, "currency": "EUR", "debt_tenor_years": 15, "depreciation_basis": "straight-line; inverter replacements as new vintages; major maintenance expensed; book value left at the horizon written off; allowances deflated to the ledger's money", "depreciation_years": 20, "discount_rate_pct": 8.0, "dsra_months": 6.0, "horizon_years": 20, "interest_rate_pct": 6.0, "max_gearing_pct": 70.0, "sizing_method": "auto", "target_dscr": 1.35, "upfront_fee_pct": 0.0 }, "sources_and_uses": { "gearing_pct": 45.4, "sources": { "debt_eur": 749704.76, "equity_eur": 900471.03, "total_eur": 1650175.79 }, "uses": { "capex_eur": 1575016.0, "dsra_eur": 75159.79, "fees_eur": 0.0, "total_eur": 1650175.79 } } }, "status": "MODELLED" }, "irr": 0.03836141526699069, "irr_status": "unique", "net_capex_eur": 1487016, "net_capex_incl_construction_eur": 1575016, "npv_eur": -430361, "old_equipment_disposition_eur": -68266, "payback_years": 13.359994215295094, "repowered_lifecycle_series_id": "pv-series-af84c42c7f4cb8e3", "repowered_operating_lifecycle_id": "ops-series-68e9883d8ba5fccc" }, "kind": "repowering" }, "sha256": "6ea09f02ccc28b37ff025a5b8fa090f545ebf960bb11b2b9658b3fd889b57f1b" }