LCOE

The Chinese manufacturer will supply 126 MW of modules to a project in Antofagasta which was originally installed using its products in 2016.

The Chinese-Canadian company has unveiled a range of high-power modules which are set to go into mass production by early next year. The series includes a commercial and industrial rooftop-dedicated product offering a reported 405 W.

SolarPower Europe has predicted the volume of new PV capacity added this year will be 4% less than last year’s figure because of the Covid-19 crisis. At the end of 2019, the world had topped 630 GW of solar. For 2020, around 112 GW of new PV capacity is expected, and in 2021, newly installed capacity could be 149.9 GW if governments support renewables in their coronavirus economic recovery plans.

Researchers from the Solar Energy Research Institute of Singapore have concluded that utility-scale PV projects relying on bifacial panels and single-axis trackers deliver the lowest levelized cost of energy in most of the world. They found that the combination of bifacial products with dual-axis trackers is still too expensive, despite the higher yield. The second-lowest LCOE is offered by monofacial single-axis tracker plants.

The Chinese manufacturer will provide Indian developer SunSource Energy with its Vertex panels. Shipments will be made in the fourth quarter.

Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.

The PV industry’s rapid factory expansions and quick product rollouts lead to a constant balancing act between the streamlining of production and the introduction of new features to push the boundaries of power generation and achieve lower LCOE. Given these competing factors, CEA has brought together its data based on experience in providing third-party quality assurance oversight to produce its Supplier Benchmarking Program. Joseph Johnson, CEA’s lead analyst for solar and storage, digs into the data.

Chinese manufacturer Risen Energy will supply Malaysia’s Tokai Engineering with 20 MW of its new panels, unveiled in December. Risen claims its products can help reduce balance-of-system project costs by 9.6% and the levelized cost of energy by 6%.

Researchers in Pakistan have evaluated the impact of shading on inverter set-ups to assess PV system performance. Tests were conducted on a 51 kW system featuring SMA inverter topologies but the researchers say the findings could be applied to products from other manufacturers. The results showed the number of maximum power point trackers is important but levelized cost of energy calculations are also crucial to selecting the right inverter configuration.

Battery innovations started to come thick and fast this quarter as the hunt for alternatives to lithium-ion intensified and the latest slew of solar tenders indicated the relentless pressure on solar power generation costs was showing no sign of abating.