Techno-economic Analysis of Novel PV Plant Designs for Extreme Cost Reductions

A techno-economic analysis is underway examining the cost and performance of future large-scale photovoltaic (PV) plant components, including bifacial modules, tandem modules, increased plant voltage architectures, and module-level power electronics. Integration of these components into PV plant des...

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Bibliographic Details
Main Authors: Pilot, Nicholas, Bedilion, Robin, Fregosi, Daniel, Hackett, Sean, Bolen, Michael, Stekli, Joseph
Format: Conference Proceeding
Language:English
Subjects:
bifacial modules
Computer architecture
Conferences
Data models
evolutionary algorithm
Evolutionary computation
levelized cost of electricity
optimization
photovoltaic
Photovoltaic systems
Procurement
Software
SOLAR ENERGY
System Advisor Model
technoeconomic analysis
utility-scale
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Summary:A techno-economic analysis is underway examining the cost and performance of future large-scale photovoltaic (PV) plant components, including bifacial modules, tandem modules, increased plant voltage architectures, and module-level power electronics. Integration of these components into PV plant designs is compared with current PV technologies based on levelized cost of electricity (LCOE). Baseline models are developed and validated against recorded PV plant performance data. Expected cost and performance data of future PV technologies are incorporated into the baseline models. An evolutionary algorithm is utilized to optimize PV plant configuration, technology combination, and LCOE. This paper focuses on the bifacial module analysis.
ISSN:0160-8371
DOI:10.1109/PVSC43889.2021.9518687