The Microgrid Feasibility Study involves a comprehensive analysis to determine the viability, costs, benefits, and potential challenges of implementing a microgrid.

 

A thorough microgrid feasibility study provides a clear understanding of the technical, economic, environmental, and social aspects of the proposed project, helping stakeholders make informed decisions about moving forward with the implementation.

The feasibility study is tailored to both the Client and the application, below is an outline of what such a study can typically involve:

 

1. Site Assessment

Island Microgrids will analyze the results from the Microgrid Survey site assessment confirming findings and presenting recommendations.

 

2. Energy Demand Assessment

The Feasibility Study will analyze the data from the energy demand assessment conducted during the Microgrid Survey presenting.

• Load Profile Analysis: Detailed analysis of current and projected energy consumption patterns.

• Critical Loads: Identification of critical loads that require an uninterrupted power supply.

• Load Forecasting: Projection of future energy demands based on growth trends and other factors.

 

3. Resource Assessment & Microgrid Integration

The Feasibility Study will conclude the choice of distributed energy resources, present a recommended system and set out applicable and recommended microgrid operational philosophies. The assessment will set out how the microgrid will integrate with existing grid infrastructure and any potential interoperability issues.

 

4. Regulatory and Policy Review

In addition to the identification of permits and approvals from the microgrid survey, the feasibility study conducts a policy analysis, reviewing relevant policies and their impact on the project.

​

5. Economic and Financial Analysis

The Feasibility Study will report on the overall economic feasibility detailing an estimation of capital expenditures (CAPEX) and operational expenditures (OPEX) for the Microgrid project. Development of financial models will evaluate return on investment (ROI), net present value (NPV), internal rate of return (IRR), and payback period. Funding and Incentives identified within the Microgrid Survey will be investigated to identify potential funding sources, grants, subsidies, and incentives.

 

6. Environmental and Social Impact Assessment

The Microgrid survey conducted an impact analysis to assess the potential environmental impacts of the microgrid project. The feasibility study will develop plans to minimize negative environmental impacts. The feasibility study will also evaluate the social implications of the project, including community engagement and benefits.

 

7. Community and Stakeholder Engagement

From the Microgrid Survey identifying key stakeholders, including local communities, businesses, and regulatory bodies, the feasibility study will develop an early engagement plan for key stakeholders, addressing concerns, and gaining support.

 

8. Environmental Impact Assessment

From the environmental impact analysis conducted during the Microgrid survey, the Feasibility Study will develop early plans to minimize negative environmental impacts

 

9. Risk Assessment

From the Microgrid Study where potential risks related to technical, financial, regulatory, and environmental aspects were reported, the Feasibility study will set out early strategies to mitigate those identified risks.

 

11. Operational Plan

The Feasibility Study will set out a proposed management and operational structure for the microgrid, also an early maintenance plan for the maintenance and operation of the microgrid systems.