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Title: | Cost boundaries for future PV solar cell modules |
Authors: | Azzopardi, Brian Mutale, Joseph Kirschen, Daniel Sadi |
Keywords: | Photovoltaic cells Solar energy Photovoltaic power systems Renewable energy resources Solar cells Hybrid solar cells Life cycle costing -- Methodology Total energy systems (On-site electric power production) |
Issue Date: | 2008-11 |
Publisher: | IEEE |
Citation: | Azzopardi, B., Mutale, J., & Kirschen, D. (2008). Cost boundaries for future PV solar cell modules. IEEE International Conference on Sustainable Energy Technologies, Singapore. 589-594 |
Abstract: | Growth of the photovoltaic (PV) market is still constrained by high initial capital costs of PV. Developments in PV technologies may lead to cheaper systems at the likely expense of life expectancy and efficiency. Cost boundaries are required for future PV technologies to compete effectively within the current PV market. This paper develops a methodology based on life-cycle costing and sensitivity analysis to determine cost boundaries for new PV technologies. Amongst other comparisons with existing PV systems, the upper Wattpeak cost bounds are estimated and the minimum economically viable replacement period is illustrated. Furthermore, future PV system ratings are compared to current PV systems for similar energy outputs. The results show that a price reduction factor greater than 5 is competitive for future solar cell lifetimes of less than 4-5 years. Meanwhile, future PV systems were, on balance, found to have higher ratings compared to current PV systems of similar energy outputs. The potential application of the model developed in this work is also discussed. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/97536 |
Appears in Collections: | Scholarly Works - FacEngSCE |
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Cost_boundaries_for_future_PV_solar_cell_modules(2008).pdf Restricted Access | 328.24 kB | Adobe PDF | View/Open Request a copy |
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