Assignment 2 is an individual piece of written report. prepare a high-level Project Initiation Document.of building a community energy project to meet annual power demand of 250 MWh using a mix of renewable options of Wind + PV + Battery storage

You are part of the Project team, working in a group of 5-6 people, having mixed expertise in the following areas: Mechanical engineering, Electrical/Energy engineering, Transport engineering, Supply chain management, Finance/Accounting

One-off Capital cost (equipment+ installation): 600,000

Annual Operation & maintenance (O&M) : 5% of capital

Electricity supply (MWh/yr): 750

UK average electricity price = 0.15/unit; Feed in tariff = 0.05/unit. Discount rate = 12% , note: 1 MWh = 1000 units electricity