Operational assets are aging, with many having not more than five years left to operate within the original setup of 20 years. A wide variety of options are emerging for repowering, and some younger projects are underperforming so badly that they require a strategic rethink long before the original life ends. Everoze’s Ragna Schmidt-Haupt looks at just how realistic extended lifetime assumptions are, and what justifications are needed to underpin a repowering or retrofit business case.
Most middle-aged PV projects were built assuming a 20 to 25 year lifetime. This is partly driven by traditional module warranties’ duration of 12 to 25 years, and the fact that the electricity price was so far off the market no one dared to believe that there was a life after FIT. Lenders, generally more …
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