The Evolving Value of Photovoltaic Module Efficiency

被引:33
|
作者
Wang, Xiaoting [1 ]
Barnett, Allen [2 ]
机构
[1] Bloomberg LP, San Francisco, CA 94111 USA
[2] Arizona State Univ, Sch Future Innovat Soc, Tempe, AZ 85287 USA
来源
APPLIED SCIENCES-BASEL | 2019年 / 9卷 / 06期
关键词
value of module efficiency; LCOE; bifacial module;
D O I
10.3390/app9061227
中图分类号
O6 [化学];
学科分类号
0703 ;
摘要
PV research is making efforts to create new cell and module efficiency records, while the manufacturing industry and the downstream project developers want to choose the optimal efficiency point where the best economics can be achieved at the system level. In this paper, we define representative system cost structurers for various applications in 2018 and quantify the value of greater module efficiency in lowering the levelized cost of electricity (LCOE). With the transparent methodology, we also extended the analysis into the future until 2025. As the value of module efficiency resides in non-module costs and the non-module costs will account for a higher percentage for a PV system in the future, industry will develop stronger motivation to adopt more efficient modules. Specifically, we examined the economics of bifacial modules and forecast that its market share would grow from 3% in 2018 to 40% in 2025.
引用
收藏
页数:13
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