Solar Panels

Solar panels are happening on a massive scale in agricultural but they do take up a lot of space, especially for larger, utility-scale systems. Researchers at the Fraunhofer Institute for Solar Energy Systems have conducted an experiment near Lake Constance which borders Germany, Lichtenstein, and Switzerland regarding another solution.

The panels are mounted high enough to allow the crops planted below to receive almost as much sunshine as they would if the panels were not there and to permit farm machinery to operate beneath them. After a year of trials, the research showed the dual use system increased the total productivity of the land by 60% and involves 720 bi-facial solar panelscovering a 1/3 of a hectare of agriculture land. The total cost to install the bi-facial is $50,000.

Mr. Danial is one of the modern farmers and he is interested to invest in solar agriculture technology. For example, based on the financial statement amount,RM 121,303where 20% of net income will be invested to the bank, 50%will be used as a capital but he still need $X to cover other expenses and installation cost for one hectare.

Your team has been selected as a consultant to help Mr. Danial to figure out the several items to make a solar agriculture covering one hectare.

Section B: The number of solar panels

1.How many bi-facial solar panels needed? (5 marks)

Section C: Business Investment Plan

1. Please provide a calculation of three different banks (for example, OUB Bank, RHB Bank and etc.) to show the difference maturity value in 20 years. Which bank should he invest and explain (100 150 words)? (15 marks)

2. Assuming that the solar agriculture technology gives a good return, then he wants to open up a new solar agriculture in next 10 years. How much should he invest today to achieve an estimated capital $150,000 in 10 years. Please do the survey minimum to three different bank or any investment institution with calculation. Which institution would give the best offer and explain (100 - 150 words)? (20 marks)

Section D: Business loans

1. Since he need $X (use front end rounding), please provide a calculation of three different bank (For example, OUB Bank, RHB Bank and etc.) with the interest earned with expected loan period in 84 months. Which bank would offer the lowest payback amount and explain (100 - 150 words)? (15 marks)

Separate Land Use on 2 Hectare Cropland t hectare 1 hectare 100% wheat 100% wheat 100% solar electricity-100% solar electricity Combined Land Use on 2 Hectare Cropland: Efficiency increases over 60% t hectare 1 hectate 80% wheat 80% solar electricity-160% solar electricity -160% wheat 80% wheat 80% solar electricity Separate Land Use on 2 Hectare Cropland t hectare 1 hectare 100% wheat 100% wheat 100% solar electricity-100% solar electricity Combined Land Use on 2 Hectare Cropland: Efficiency increases over 60% t hectare 1 hectate 80% wheat 80% solar electricity-160% solar electricity -160% wheat 80% wheat 80% solar electricity