Economic Analysis, LCOE, Markets, PV System Performance
Summary / Abstract:
The performance of innovations in the ongoing Horizon 2020 project SUPER PV are assessed, both for individual innovations and at an integral level, by calculating the LCOE as the key performance variable. New prospective innovations from SUPER PV combined with price reductions and improvements elsewhere in the PV supply chain are evaluated. Such hybrid solutions can form winning combinations in the market and may point towards a flexible business model for non-vertically integrated module manufacturers. Several SUPER PV innovations show clear commercial potential by comparing the LCOE with and without the innovation. Moreover, the "SUPER PV best estimate", i.e., the combination of SUPER PV innovations and cost reductions in segments of the PV supply chain not covered by the project, leads to a total estimated LCOE reduction of 57% compared with the original benchmark at the start of the project, considerably lower than the originally targeted 37% LCOE reduction. At this point the results from SUPER PV are overall promising. Key activities forward are validation of results at the SUPER PV demo-sites across Europe and North Africa and to prepare business models and -plans for market uptake after project end (October 2022).