SHP Europe performs comprehensive pre-feasibility and feasibility studies for various renewable energy plants. We have vast experience in performing studies of solar thermal cogeneration plants, wind farms and biogas plants. Our feasibility study provides a thorough analysis of the entire investment, including economic optimisation and an unbiased overview of the possible obstacles that may stand in the way of investor’s success. The conceptual design of the plant is completed as part of the pre-feasibility study, and basic engineering usually is a component of the feasibility study.
When a business opportunity presents itself, it is highly recommended to complete a feasibility study, as the study enables investors to have a realistic look at both the positive and negative aspects of the future investment. The aim of the feasibility study is to assist a company or individual to investigate the viability of a particular investment in renewable energy solutions, and to provide the necessary documentation to empower the promoter to arrive at firm conclusions regarding the project’s viability. Obviously, this can only be done after a thorough investigation to identify, design and optimize the best fitting technical concept for the specific project.
Typical elements involved in carrying out a feasibility study include:
Often, our clients approach us for potential renewable energy systems to supply the power and thermal energy requirements in existing production facilities. We then carry out energy audits where we analyse and survey the energy flow in their production processes. We identify ways to reduce the amount of energy input without negatively affecting the actual performance. Only thereafter the potential new renewable energy system is sized.