A prefeasibility study (of a project) is a preliminary analysis undertaken to determine whether it would be worthwhile to proceed to the feasibility study stage. (Source: BusinessDictionary.com). The pre-feasibility study builds confidence among stakeholders and potential users of a project.
Putting it in perspective, investing in a Solar plant (whether Rooftop PV or Solar farm) requires considerable amount of time, resources and investment. So whether you are a homeowner wanting to install a 1 kW Solar plant on your roof or a large company investing in a Utility scale Megawatt (MW) size Solar farm, the first question that would come to mind is whether the investment is worthwhile. This is where pre-feasibility analysis comes into action. Continue reading