PV Modules: Bifacial technology
go PV
Current status
Bankability
The uncertainty of PV production of bifacial systems means more investment risk.
•
More investment risk implies higher interest rates.
•
Weighted Average Capital Cost (WACC) is related to the interest rate and is crucial for PV projects development.
•
The more bifacial installations, projects and studies there are, the less bifacial production uncertainty.
•
Simulation tools are a key part of the bifacial technology deployment.
140
130
120
110
100
ㅁ
The LCOE calculations for a
monofacial PV system, in
dependence on the specific yield
LCOE [euro/MWh]
90
80
70
60
50
40
(kWh/m2) for a WACC ranging
30
from 4% (e.g. best cases in
20
Germany) to 12% (e.g. worst
10
cases in Greece)
0
1,000
1,200 1,400 1,600 1,800 2,000 2,200 2,400
Yearly energy yield [kWh/kWp]
Bifacial Photovoltaics: Technology, applications and economics. 2018
WACC:
12%
ーロー 10%
8%
6%
■-4%
55
LCOE [euro/MWh]
40
55
45
Results of LCOE calculations as in
(a) but for a location featuring
1,750 kWh/kWp for monofacial
systems (e.g. south of Spain).
35
30
30
0
5
10
(b)
tecnalia
Bifi price premium:
20%
-0-15%
10%
5%
0%
Inspiring
Business
15 20 25 30 35 40 45 50
Bifacial gain [%]
JRSES
TECHNICAL FOCUS ON FUTURE SOLAR PV'SYSTEMS
October 26-29th 2020View entire presentation