Example assumptions recorded 14 September 2026
This example uses a 50 MW solar project with a 25-year PPA and a fixed tariff. Values below are rounded for reading; the calculator uses the full precision of the inputs. Re-run the same assumptions in the tool to inspect the annual schedule.
Assumptions
- Technology and capacity
- Solar PV · 50 MW
- Solar output solarOutput
- PVOUT 1,800 kWh/kWp/year
- CAPEX capex
- $800,000 per MW · $40.0m construction CAPEX
- Commercial tariff
- $0.05/kWh tariff · 25-year PPA · $7/kW/year OPEX
- Financing
- 70% gearing · 18-year tenor · 6% interest · straight-line profile
- Other inputs
- 1-year construction · 6-month DSRA · 25% tax · 20-year depreciation · 2% inflation · 0.5% degradation
Indicative outputs
| Measure | Indicative result |
|---|---|
| Project IRR (pre-tax) | 8.76% |
| Project IRR (post-tax) | 7.78% |
| Equity IRR | 10.92% |
| Minimum DSCR | 1.46x |
| Average DSCR | 1.55x |
| Year 1 energy | 90.0 GWh |
| Year 1 revenue | $4.50m |
DSCR values are calculated over annual periods with non-null debt service. They are not a lender covenant recommendation. The current engine does not output NPV.
Definitions: IRR DSCR cash flow
How to read it
The outputs are sensitive to the tariff, resource assumption, CAPEX, OPEX, financing and tax inputs. They show what the current implementation does with this one set of numbers; they do not establish a project hurdle, guarantee debt capacity or indicate that a project is investable.
- PVOUT is an illustrative annual assumption here; a live screen should record whether the value was retrieved, manually entered or a default.
- Development costs and grid costs are both zero in this example and should be confirmed rather than treated as evidence that they are absent.
- There is no named client, site, transaction, published outcome or GIA endorsement attached to this example.
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Discuss a project review with GIA.
GIA can discuss the assumptions behind an indicative screen and possible next steps. The public page does not claim a case study or endorsement.
Relevant expertise: Project Development Advisory and Financial Modelling.
