Financial Feasibility of Opaque Envelopes in ECBC Complaint Energy Efficient Indian Commercial Buildings: An Approach for Maximising the Internal Rate of Return

Pranav Kishore, Stuthi Shetty, Bysani Sathwik, Nandhini Selvam, Vaibhav Jain, Pradeep Kini

2022

Abstract

Buildings are one of the major contributors to energy consumption and Green House Gas emissions. To regulate harmful emissions the government is trying its best to overcome these problems by enforcing energy conservation codes and rating systems for buildings in India. The developers and the investors of project are more interested in the profit. The Internal Rate of Return of a project supports the selection of the project, which is widely used worldwide. This study has been conducted to optimize the Internal Rate of Return (IRR) to find out the best opaque wall section in the warm and humid climate of India with Energy Conservation Building Code (ECBC) compliance, using wall thermal transmittance values as the constraints to control the energy consumption within buildings. This will lead to the reduction electricity demand contributing towards a mitigating the climate change and also to gain profit for the investors by annual energy savings from sustainable commercial buildings. This study estimates an 18% to 40% IRR from the commercial building by conforming with ECBC benchmarks.

Paper Citation

in Harvard Style

Kishore P., Shetty S., Sathwik B., Selvam N., Jain V. and Kini P. (2022). Financial Feasibility of Opaque Envelopes in ECBC Complaint Energy Efficient Indian Commercial Buildings: An Approach for Maximising the Internal Rate of Return. In Proceedings of the 4th International Conference on Finance, Economics, Management and IT Business - Volume 1: FEMIB, ISBN 978-989-758-567-8, pages 130-139. DOI: 10.5220/0011114300003206

in Bibtex Style

@conference{femib22,
author={Pranav Kishore and Stuthi Shetty and Bysani Sathwik and Nandhini Selvam and Vaibhav Jain and Pradeep Kini},
title={Financial Feasibility of Opaque Envelopes in ECBC Complaint Energy Efficient Indian Commercial Buildings: An Approach for Maximising the Internal Rate of Return},
booktitle={Proceedings of the 4th International Conference on Finance, Economics, Management and IT Business - Volume 1: FEMIB,},
year={2022},
pages={130-139},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011114300003206},
isbn={978-989-758-567-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th International Conference on Finance, Economics, Management and IT Business - Volume 1: FEMIB,
TI - Financial Feasibility of Opaque Envelopes in ECBC Complaint Energy Efficient Indian Commercial Buildings: An Approach for Maximising the Internal Rate of Return
SN - 978-989-758-567-8
AU - Kishore P.
AU - Shetty S.
AU - Sathwik B.
AU - Selvam N.
AU - Jain V.
AU - Kini P.
PY - 2022
SP - 130
EP - 139
DO - 10.5220/0011114300003206