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A businessman owns 35-acre oil palm plantation in Malaysia. On an average, he is carning RM 3000/ acre. Recently, he got interested to replace
A businessman owns 35-acre oil palm plantation in Malaysia. On an average, he is carning RM 3000/ acre. Recently, he got interested to replace oil palm plantation with 10 MW solar power plant. This solar plant is expected to operate at 20 % Capacity Utilisation Factor (CUF). CUF = plant output in kWh / (installed plant capacity in kW 365 days/year * 24 hrs/day). Assume the cost of selling electricity as 0.4 RM/ kWh. Palm plantation could absorb a net of 26 tons of CO2/ acre annually. While, 1 MW solar PV plant is expected to mitigate 900 tons of CO2/ year. The life time of palm plantation and solar PV plan is 25 years and 21 years respectively. For the above scenario, (a) Estimate the annual and life cycle energy generation from the 10 MW solar power plant (b) Calculate the annual revenue for Scenario (A) 10 MW solar plant Scenario (B) - Oil Palm 15 Marks] 15 Marks] (c) Determine the life cycle carbon reduction for Scenario A and Scenario B 15 Marks] (d) Based on the above economic and environmental analysis, will you recommend to replace the oil palm plantation. Justify your answer 15 Marks]
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