NOVI has expertise in evaluating the feasibility of constructing and operating power generating facilities using renewable resources. These renewable and alternative resources include:
- Combined Heat and Power (CHP)
- Solar Photovoltaic (PV)
- Solar Electric
- Solar Thermal
- Concentrating Solar Power
- Ground Source Heat Pumps
These facilities utilize state of the art technologies and produce power in the range of a few kW up to 100 MW. An economic analysis is also performed as part of the feasibility study, looking at a number of financial parameters such as net present value, adjusted internal rate of return, life cycle cost, cash flow analysis and savings to investment ratio. It provides detailed project cost and savings calculations with the confidence required for major capital investment decisions.
NOVI has championed the utilization of renewable energy resources that can translate to lower energy costs and energy conservation and we utilize our experience in the renewable power generation sector to provide the most suitable solution for our customer.