Cost boundaries for future PV solar cell modules

B. Azzopardi; J. Mutale; D. Kirschen

doi:10.1109/ICSET.2008.4747076

Cost boundaries for future PV solar cell modules

B. Azzopardi, J. Mutale, D. Kirschen

Research output: Chapter in Book/Conference proceeding › Conference contribution › peer-review

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. © 2008 IEEE.

Original language	English
Title of host publication	2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008\|IEEE Int. Conf. Sustainable Energy Technol., ICSET
Pages	589-594
Number of pages	5
DOIs	https://doi.org/10.1109/ICSET.2008.4747076
Publication status	Published - 2008
Event	2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008 - Singapore Duration: 1 Jul 2008 → …

Conference

Conference	2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008
City	Singapore
Period	1/07/08 → …

Keywords

Efficiency degradation
Hybrid QD-based solar cells
Life cycle costing
Life expectancy
Photovoltaic (PV)

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1109/ICSET.2008.4747076

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title = "Cost boundaries for future PV solar cell modules",

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. {\textcopyright} 2008 IEEE.",

keywords = "Efficiency degradation, Hybrid QD-based solar cells, Life cycle costing, Life expectancy, Photovoltaic (PV)",

author = "B. Azzopardi and J. Mutale and D. Kirschen",

year = "2008",

doi = "10.1109/ICSET.2008.4747076",

language = "English",

isbn = "9781424418886",

pages = "589--594",

booktitle = "2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008|IEEE Int. Conf. Sustainable Energy Technol., ICSET",

note = "2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008 ; Conference date: 01-07-2008",

}

Azzopardi, B, Mutale, J & Kirschen, D 2008, Cost boundaries for future PV solar cell modules. in 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008|IEEE Int. Conf. Sustainable Energy Technol., ICSET. pp. 589-594, 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008, Singapore, 1/07/08. https://doi.org/10.1109/ICSET.2008.4747076

TY - GEN

T1 - Cost boundaries for future PV solar cell modules

AU - Azzopardi, B.

AU - Mutale, J.

AU - Kirschen, D.

PY - 2008

Y1 - 2008

N2 - 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. © 2008 IEEE.

AB - 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. © 2008 IEEE.

KW - Efficiency degradation

KW - Hybrid QD-based solar cells

KW - Life cycle costing

KW - Life expectancy

KW - Photovoltaic (PV)

U2 - 10.1109/ICSET.2008.4747076

DO - 10.1109/ICSET.2008.4747076

M3 - Conference contribution

SN - 9781424418886

SP - 589

EP - 594

BT - 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008|IEEE Int. Conf. Sustainable Energy Technol., ICSET

T2 - 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008

Y2 - 1 July 2008

ER -

Cost boundaries for future PV solar cell modules

Abstract

Conference

Keywords

UN SDGs

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