Investor Presentaiton
REVAMPING IS A LUCRATIVE OPPORTUNITY
EUROPEAN SOLAR PLANTS ARE GETTING OLDER
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Typical failures in a PV module's lifecycle
Power [%]
EVA discoloring
LID 0.5-5%
Glass AR deg.
Delamination, cracked cell isolation
Pnominal
<3%
10%
PID
Diode failure
Cell interconnect breakage
Corrosion of
cell & interconnect
Contact failure j-box/
string interconnect
Glass breakage
Loose frame
Infant-failure
Warranty
Midlife-failure
Time
Wear-out-failure
2018-2023 Global demand for PV inverters replacement by region
100%
80%
60%
40%
20%
0%
2018
2019
2020
2021
2022
2023
EMEA
Asia
America
Italian solar plants by year of construction
After 2014
21%
~
820k
Before 2014
79%
European countries have been the first one to invest in solar energy and
they are nowadays the ones with the largest base of PV systems older than
5 years
■ 650,000 of Italian solar plants have been installed before 2014 and solar
modules started showing needs for renewal interventions
■ Besides modules revamping, EMEA shows a significant demand for new
inverters (3.4 GW replacement demand in 2019)View entire presentation