How can you conduct a renewable energy feasibility study?

When I conduct a feasibility study for renewable energy, I consider several factors to increase the chances of success. These include the availability of land and water for the project, proximity to transmission lines or other infrastructure, environmental impact, regulatory requirements, and availability of financial incentives or subsidies. It's also essential to assess the risk of technical or financial problems. The source of renewable energy is typically wind or solar, which can be located near the energy consumption. Excess renewable energy can be converted to hydrogen using electrolysers for storage or transportation.

In the high-stakes business of renewable energy, a feasibility study is far more than a preparatory step; it's the roadmap for our entire venture. When we articulate our objectives, we're not merely listing goals - we're laying the strategic foundation that will guide technology choices, financial allocations, and sustainability metrics. Our objectives become the operational algorithm that runs the project through a complex landscape with both challenges and opportunities. As we commonly affirm in executive circles, "What gets measured gets managed." But let's elevate that maxim: "What gets planned gets executed". This is our business strategy in its most concentrated form.

I have noticed in Solar energy production there is huge fluctuation due to patches of clouds that sometimes blurt the sun raise. Electricity generation from Biogas can be a viable proposal as the waste from the plant which called SLURRY can also be used as manures

A balanced 3P analysis on quantitative level is a good start. People, planet, and profit analysis and include a Venn diagram.

In the renewable energy sector, the margin for error is razor-thin After defining our goals and scope, it's crucial to select down on the technology and design that align with our business goals. This isn't a one-size-fits-all game; it's about optimizing ROI through tailored solutions. Factors such as economic viability, geographical context, and scalability should guide our selection process Also leverage the expertise of engineers, financial analysts, and legal advisors to navigate is key. And let's not underestimate the role of data analytics - consider it our executive dashboard for decision-making. The formula here is simple: Right Technology+Right Design =Optimal ROI. It's about making data-driven decisions that amplify profitability.

Summarizing when we talk about feasibility studies in the renewable energy domain, we are discussing targeted strategies for informed decision-making that drive operational effectiveness and financial growth.

Conclude by 4E analysis of the process or the system. Energy, exergy, economic, and environmental analysis is a new wholistic way of looking at systems.