Single-axis bifacial PV offers lowest LCOE in 93.1% of world’s land area
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.
A group of scientists from the Solar Energy Research Institute of Singapore has showed that combining bifacial panels and single-axis trackers is the best way to achieve the lowest levelized cost of energy in solar power projects based on crystalline silicon technology.
In the study Global Techno-Economic Performance of Bifacial and Tracking Photovoltaic Systems, published in Joule, the academics said that their tests have showed that the aforementioned combination can ensure a yield that is up to 35% higher than conventional systems.
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