Photovoltaic panels for solar power applications

Sector

Manufacturing

Location

Capital Investment

3,862,000 OMR

Internal Rate of Return

14.62%

Payback Period

8 Years

Implementation Duration

0.0 Years

Source

Ministry of Commerce, industry and Investment Promotion

Description

Manfacturing of solar panel is a device that converts sunlight into electricity by using photovoltaic (PV) cells. PV cells are made of materials that generate electrons when exposed to light. The electrons flow through a circuit and produce direct current (DC) electricity, which can be used to power various devices or stored in batteries.