PROPOSAL

Rooftop Solar Photovoltaic System

Ocean One, Cabarete

Solar System 306.18 kWp JA 540Wp

Santiago, Dominican Republic

January 10, 2023

 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Proposal summary
Description
This proyect consist in the installation of a Solar Photovoltaic System with a power of 306.18 kWp. It will
count with:
● Four () grid tie Solis Inverter-30K-LV - 3ø, 5 year warranty
● Three (5) grid tie Solis Inverter-60K-LV 3ø. 5 year warranty.
● (567) JA Solar Solar Modules Monocrystalline, with individual power of 550Wp, Nominal power (+ 5W/ ) reaching 555Wp, 25 year
warranty at 80% power.
● Structures for photovoltaic modules Sunmodo brand in aluminum and stainless steel, guarantee of 25 years and category 5 winds
resistance.
● One (1) eGauge monitoring system for measurements of generation of the photovoltaic system and consumption of the loads and public
network. Includes web publication of measurements.
● Note 1: The Parking Estructure is not included .
● Note 2: These equipment are subject to availability by the manufacturer, it may be replaced by similar or higher equipment. ● Note 3: If
the customer does not have a bidirectional counter, he must cover the cost of this in the distributor. The cost is between US $ 250.00 and
US $ 1000.00.● Note 4: Payments must be made in US dollars or at the exchange rate of the day of the BPD. In case of applying for fiscal
credit the payment made must specify the name of the project and who performs it.

Economic Information

Subtotal ITBIS Total

Investment Required US$ 272,705.42 US$ 5,918.38 US$ 278,623.80
RD$ 15,448,761.77 RD$ 335,276.50 RD$ 15,784,038.27

with ITBIS
Price of Wp
0.91

Year 1 Year 2 Year 3 Total

Amount to be deducted from the
US$ 0.00 US$ 0.00 US$ 0.00 US$ 0.00
payment of the Income Tax
RD$ 0.00 RD$ 0.00 RD$ 0.00 RD$ 0.00

Time (years) Benefits projected at 25 years

Return and benefits of the project
4.74 US$ 1,189,429.74 RD$ 67,381,195.01

Percentage covered by Law 57-07

Project tax rebates
0%

Average Invoice Solar Contribution Savings Estimated Invoice

US$ 13,981.01 US$ 4,893.51 US$ 9,087.49
Savings
RD$ 792,024.00 RD$ 277,217.44 35% RD$ 514,806.56
81,150.00 kWh/month 28,403.43 kWh/mes 52,746.57 kWh/mes
 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Views of some projects

 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Project Overview

The project consists in the provision of electrical energy through a system of photovoltaic
solar panels as an electricity generator to cover the electrical energy needs of Ocean One.

Project Objectives

With the realization of this project, the following objectives are defined:

▪ To achieve an efficient and friendly energy supply for the operation of the same.
▪ Contribute to the preservation of the environment.
▪ Promote the use of alternate sources and give a green image to the company.
▪ Ensure that part of the energy consumption of the project is zero cost by means of the
savings of electric bill for self-generation and the refund of the tax credit applied by the
DGII, as mandated by the Law on Incentives for Renewable Energies and Special
Regimes (Law 57- 07).
 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Responsibilities of RENSA

Rensa undertakes, without additional cost, all the procedures and processes of
management and acquisition corresponding to the benefits of Law 57-07, including:

1 - Proceedings before the Ministry of Finance for purposes of exemption from Import
Tax (Chapter III - Art.9).

2 - Management in the General Directorate of Internal Taxes for the exemption of the
Tax on the Transfer of Industrialized Goods and Services (ITBIS) and Income Tax
(Chapter III - Art. 10).

3 - Corresponding actions in the National Energy Commission for the installation of the
Net Metering System (Bidirectional Counter / Net Metering).

4 - Management in the corresponding Electrical Distributor for the installation of the

Net Metering System (Bidirectional Counter / Net Metering).
 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Benefits of Law 57-07 on Renewable Energy Incentives:

1 - Exemption from import tax (Chapter III - Article 9).

2 - Exemption from income tax (Chapter III - Art. 10).
3 - Reduction of taxes on external financing (Chapter III - Art. 11).
4 - Tax incentive for income tax credit up to 40% of the cost of investment in equipment
certified by the CNE (Chapter III - Art. 12).

Rensa is responsible, without additional cost, of all procedures and processes of

permissology corresponding to the benefits of Law 57-07.

Technical Configuration Overview

The project consists of installing at Ocean One a 306.18 kWp photovoltaic solar plant. This
facility will have the capacity to generate about 933.81 kWh/day, obtaining a saving of 35
% of the total monthly consumption.
Its main components will consist of:
● Four () grid tie Solis Inverter-30K-LV - 3ø, 5 year warranty
● Three (5) grid tie Solis Inverter-60K-LV 3ø. 5 year warranty.
● (567) JA Solar Solar Modules Monocrystalline, with individual power of 550Wp, Nominal power (+ 5W/ ) reaching 555Wp, 25 year
warranty at 80% power.
● Structures for photovoltaic modules Sunmodo brand in aluminum and stainless steel, guarantee of 25 years and category 5 winds
resistance.
● One (1) eGauge monitoring system for measurements of generation of the photovoltaic system and consumption of the loads and public
network. Includes web publication of measurements.
● Note 1: The Parking Estructure is not included .
● Note 2: These equipment are subject to availability by the manufacturer, it may be replaced by similar or higher equipment. ● Note 3: If
the customer does not have a bidirectional counter, he must cover the cost of this in the distributor. The cost is between US $ 250.00 and
US $ 1000.00.● Note 4: Payments must be made in US dollars or at the exchange rate of the day of the BPD. In case of applying for fiscal
credit the payment made must specify the name of the project and who performs it.
 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Equipment to be Installed

Cantidad Código Descripción

(Qty) (Code) (Description)

567 Q.P-G3 540 Solar Module JA Solar Monocrystalline of high-efficiency with 540Wp
3 Inverter-60K-LV
4 Inverter-30K-LV

1 MON-EG eGauge monitoring system. Includes web publication of measurements.

1 SOPTECN Two (2) years of technical support for the photovoltaic plant included.
 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Views of some projects

 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Behavior of the Photovoltaic Plant Vs. Current

Consumption
Solar Production Vs. Consumption (kWh/month): These values are estimated
with climatological statistics of the last 20 years, the margin of error tends to +/- 5%.

Month Solar Production Consumption Expected Invoice Saving

January 20,132.28 68,100.00 47,967.72 29.56 %
February 21,987.63 73,300.00 51,312.37 30 %
March 26,631.99 74,100.00 47,468.01 35.94 %
April 28,842.66 105,500.00 76,657.34 27.34 %
May 35,963.62 66,000.00 30,036.38 54.49 %
June 36,267.77 80,700.00 44,432.23 44.94 %
July 36,592.71 82,100.00 45,507.29 44.57 %
August 37,238.74 86,000.00 48,761.26 43.3 %
September 33,973.17 93,800.00 59,826.83 36.22 %
October 25,201.80 94,300.00 69,098.20 26.73 %
November 19,485.05 76,900.00 57,414.95 25.34 %
December 18,523.70 73,000.00 54,476.30 25.37 %
Average 28,403.43 81,150.00 52,746.57 35 %

Monthly Solar Production(kWh/month) Monthly Savings (kWh/month)

40000 120000
35000 100000
30000
80000
25000
20000 60000
15000 40000
10000
20000
5000
0 0
November
August
July

October

December
September
May
April

June
January

March
February
July
February

August
April

October
November
March

June

December
January

May

September

Expected Invoice
Solar Production
 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Analysis of Return on Investment

The solar photovoltaic solution is paid in 4.17 years and during the warranty period of the
photovoltaic solar panels, which is 25 years, it will generate savings in the amount of RD$
114.579 MM

Amount Returned Amount to be

General Project
Investment in Renewable Energy (RD $) in Credit IRS amortized (RD
Fiscal Discount (RD $) $)
RD$15,784,038.27 0% RD$0.00 RD$15,784,038.27

Savings in the
Generation in kW
Savings for annual electricity generation (RD $) monthly electricity Months
per day bill (RD $)

RD$3,326,609.33 933.811 RD$277,217.44 12

Cash Flow (RD $)

Benefits Year 1 Year 2 Year 3
Solar photovoltaic generation (according to current
RD$3,326,609.33 RD$3,326,609.33 RD$3,326,609.33
electric tariff)
Return on investment according to law 57-07 RD$0.00 RD$0.00 RD$0.00
Expenses for self-generation RD$0.00 RD$0.00 RD$0.00

Costs for maintenance of photovoltaic plant RD$0.00 RD$0.00 RD$0.00

Annual benefits 3 first years (I/R, Law 57-07) RD$3,326,609.33 RD$3,326,609.33 RD$3,326,609.33
Total Benefits of Law 57-07 RD$9,979,827.99

Exchange Rate (RD

Cash flow from the 4th Year (RD $) Years
$ / US $)
Rest of the invesment RD$5,804,210.28 1.74 $56.65
Expenses for self-generation RD$0.00
Costs for maintenance of photovoltaic plant RD$0.00
Total Benefits of Law 57-07 RD$3,326,609.33

Return of investment
Payable in (years) 4.74
 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Cash flow
Years Cash flow Years Cash flow
1 (RD$ 12,457,428.94) 14 RD$ 30,788,492.37
2 (RD$ 9,130,819.61) 15 RD$ 34,115,101.70
3 (RD$ 5,804,210.28) 16 RD$ 37,441,711.03
4 (RD$ 2,477,600.95) 17 RD$ 40,768,320.36
5 RD$ 849,008.39 18 RD$ 44,094,929.69
6 RD$ 4,175,617.72 19 RD$ 47,421,539.02
7 RD$ 7,502,227.05 20 RD$ 50,748,148.35
8 RD$ 10,828,836.38 21 RD$ 54,074,757.69
9 RD$ 14,155,445.71 22 RD$ 57,401,367.02
10 RD$ 17,482,055.04 23 RD$ 60,727,976.35
11 RD$ 20,808,664.37 24 RD$ 64,054,585.68
12 RD$ 24,135,273.70 25 RD$ 67,381,195.01
13 RD$ 27,461,883.04

Grafico Flujo de Caja

$70,000,000.00

$60,000,000.00

$50,000,000.00

$40,000,000.00

$30,000,000.00

$20,000,000.00

$10,000,000.00
RD$

$0.00

($10,000,000.00)

($20,000,000.00)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

AÑOS
 Proposal of:

Rooftop Solar Photovoltaic System for:

Ocean One
PHOTOVOLTAIC PROPOSAL

Equipment Warranty

Product guarantee

12 years
Linear Performance
Photovoltaic Solar Panels
Guarantee
Brand: JA Solar
25 years of Warranty 25 years

Product guarantee

Grid-tie Inverters 5 years

Brand: Solis
5 years of warranty

Product guarantee

Structures
25 years
Brand: Sunmodo
25 years of warranty