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CAPEX Estimation Tool

The CAPEX estimation tool is designed to help you estimate your projects CAPEX which is needed to run the Techno-economic analysis tool. Below, you can input the parameters of your project to see the resulting project cost in both hard and soft costs.

The CAPEX tool operates on the following Foundational assumptions:

  1. Cost Allocation: Soft cost encompass labor, permitting, and overhead & profit. While hard cost comprise all equipment and materials related to FPV systems.
  2. Design: FPV systems exceeding 25 MW are engineered with inverters and transformers situated on the waterbody.
  3. Comprehensive Pricing: Overhead and profit pricing incorporates various expenses such as EPC and developer overhead & profit, bonding, warranties, and housing.
  4. Site Location: FPV location does not impact labor rates or freight estimates.
  5. Asset Management Description: Asset management incorporates pricing for monitoring equipment and system commissioning.
  6. Anchoring and Mooring Specifications: Anchoring and mooring configurations are tailored to shore-mounted setups for each FPV system.

Input your project parameters

Project Size
MWDC
DC to AC conversion
DC/AC
Panel Tilt
deg
Solar Panel Size
Watts
Solar Panel Cost
$/Watt
Inverter Cost
$/Watt
Distance to Shore
feet
Sales Tax
%
New Substation Required

Hard Cost

Solar Panels:

This category represents the cost of solar PV modules for the project.

Install Labor:

This category includes all installation costs associated with the FPV installation. This includes installation for all components across the previous segments, and construction of support structures such as concrete equipment pads.

Substation:

This category includes the estimated cost of substation upgrade based on project size and interconnection voltage.

Racking:

The cost of all racking components and racking structures, including floats, panel mounts, and associated racking hardware. This category does not include additional materials outside of the floating structure, such as anchor and mooring materials, wiring, or electrical equipment.

DC EBOS

This category includes all electrical balance of system wiring costs associated with the DC electrical components of the FPV. Specifically, this includes wiring along rows to combiner boxes and combiner boxes to inverters.

Anchoring and Mooring

This category includes all material associated with anchors, mooring lines, and related materials. This category does not include installation cost for anchor/mooring, or the associated machinery needed for anchor deployment (e.g., barges, divers).

Inverters:

This category represents the cost of inverters for the project.

AC EBOS

This category includes all electrical balance of system components on the AC portion of the FPV installation. Specifically, this includes wiring from inverter to transformer.

Gen-Tie

The gen-tie category includes all wiring/tie-in equipment from the transformer to substation. This also includes overhead and underground MV conductors.

Soft Cost

Overhead and Profit:

This includes EPC profit for all activities and overhead costs such as lodging, bonding, warranties, and insurance.

Asset Management:

This category includes additional equipment such as SCADA systems, weather stations, and underground trenching for fiber communications cables and commissioning activities such as performance testing.

General Construction:

This category includes larger construction-related expenses such as rental construction equipment, civil work, security system, and temporary ramp construction.

Engineering and Development:

This includes engineering fees, permits, and engineering surveys.