**DIESEL AND RENEWABLE ENERGY COST COMPARATIVE ANALYSIS.**

Floating Solar & Micro wind turbine Our floating solar platforms and wind turbines shall cost a flat rate of $9,500 per kilowatt power ( 1 kva ) of electricity for the whole 30 years duration.

Diesel Generators (50 kva and 100 kva ) as examples

General Index

* 1 year = 8,760 hours x 30 years = 262,800 hours

* Cost of Diesel = N320 / litre

* Cost of Generators

i) 50 kva = N3,000,000

ii) 100 kva = N6,500,000

* Cost of servicing generator in a month = N30,000 x 12 months x 30 yrs = N10,800,000

* Cost of replacing a generator every 3 years for 30 years = 10 times

i). 50 kva = N30,000,000

ii). 100 kva = N65,000,000

- CALCULATIONS 1. 50KVA GENERATOR ( IF IT WORKS FOR 12 HOURS / DAY FOR 30 YEARS @8.6 litres/hr )

Diesel consumption for 30yrs :

262,800 hrs ÷2 =131,400 hrs x 8.6 litres/hour = 1,130,040 litres

1,130,040 litres x N320 (diesel )

Sub total = N361,612,800

+ Cost of Generator servicing =N10,800,000

+ Cost of the generator procurement =N3,000,000

+ Replacement cost = N30,000,000

Grand total =N405,412,800 (N405.5M) @360 /$ =$1,126,117 ( $ 1.13M)

√Renewable energy for 50kva 30yrs =$9,500 x 50 = $475,000

2. 50KVA GENERATOR ( IF IT WORKS FOR 24 HOURS / DAY FOR 30 YEARS @10.7 litres/hr )

Diesel consumption for 30yrs :

262,800 hrs x 10.7 litres/hour = 2,811,960 litres

2,811,960 litres x N320 (diesel )

Sub total = N899,827,200

+ Cost of Generator servicing =N10,800,000

+ Cost of the generator procurement =N3,000,000

+ Replacement cost = N30,000,000

Grand total =N943,627,200 (N944M) @360 /$ =$2,621,187 ( $ 2.63M)

√Renewable energy for 50kva 30yrs =$ 9,500 x 50 = $ 475,000

3. 100KVA GENERATOR ( IF IT WORKS FOR 12 HOURS / DAY FOR 30 YEARS @ 16.1 litres/hr )

Diesel consumption for 30yrs :

262,800 hrs ÷2 =131,400 hrs x 16.1 litres/hour = 2,115,540 litres

2,115,540 litres x N320 (diesel )

Sub total = N676,972,800

+ Cost of Generator servicing =N10,800,000

+ Cost of the generator procurement =N6,500,000

+ Replacement cost = N65,000,000

Grand total =N755,772,800 (N756M) @360 /$ =$2,099,368 ( $ 2.1M)

√Renewable energy for 100kva 30yrs =$ 9,500 x 100 = $950,000

4. 100KVA GENERATOR ( IF IT WORKS FOR 24 HOURS / DAY FOR 30 YEARS @ 21.4 lite/hr )

Diesel consumption for 30yrs :

262,800 hrs x 21.4 litres/hour = 2,115,540 litres

5,623,920 litres x N320 (diesel )

Sub total = N1,799,654,400

+ Cost of Generator servicing =N10,800,000

+ Cost of the generator procurement =N6,500,000

+ Replacement cost = N65,000,000

Grand total =N1,878,454,400 (N1.88 Billion) @360 /$ =$5,217,928 ( $5.22M)

√Renewable energy for 100kva 30yrs =$ 9,500 x 100 = $950,000

With the above comparative cost analysis , it's obvious that renewable energy which is sustainable and environment friendly in the long term cost less than 25% of its diesel counterpart whose fumes is harmful to both humans and the environment.