Design and Characterization of PV Minigrid Plants for Modern Farming and Rural Electrification in Rwanda

Table 3

Economic evaluation.

Sites\financial parameters	Investment	LCOE	Payback period	Annuities	Running costs
(a) Gishuro	4,322,260 EUR	0.24 EUR/kWh	10 yrs	87,749.68 EUR/yr	72,843.26 EUR/yr
(b) Gashanga	2,338,823 EUR	0.17 EUR/kWh	9.3 yrs	195,371.60 EUR/yr	261,045.56 EUR/yr
(c) Kageyo	2,835,097.5 EUR	0.14 EUR/kWh	9 yrs	142,535.80 EUR/yr	326,078.73 EUR/yr
Averages	3,165,393.50 EUR	0.18 EUR/kWh	9.43 yrs	141,885.69 EUR/yr	293,562.15 EUR/yr