LONGi's Innovative Module Technology Redefines LCOE Standards
LONGi's Performance Analysis of Solar Module Technology
In the continuing evolution of solar technology, a recent study by Enertis Applus+ sheds light on the efficiency of LONGi's innovative back-contact (BC) solar modules compared to tunnel oxide passivated contact (TOPCon) modules. This analysis focused on a substantial 47MW solar electric project that utilized single-axis tracking technology and highlights significant efficiencies in power generation and cost-effectiveness.
Key Insights from the Study
Energy yield assessments reveal that LONGi's Hi-MO 9 BC modules not only outshine their TOPCon counterparts but excel in multiple other aspects critical to the utility-scale solar market. A closer examination of the data showcases how these modules drive higher performance and financial returns.
Higher Energy Yield Performance
One critical finding of the study indicates that Hi-MO 9 modules generated approximately 2,209 equivalent hours of operation in their first year. This performance translates to a 2.4%-3.4% increase in energy yield per watt when compared directly to TOPCon modules, suggesting a strong potential for enhanced project revenues. Such an increase can have profound implications for the overall profitability of solar projects.
Cost Efficiency and Value
Despite a slight premium in pricing—just 0.7¢/W higher than TOPCon—the overall capital expenditure (CAPEX) remained competitive. This is largely attributed to the optimized system design and strategic cost structures that LONGi has implemented. The financial breakdown reveals a smart blend of productivity with cost control, ensuring that investor returns are maximized while maintaining budget integrity.
Levelized Cost of Electricity (LCOE) Reduction
Perhaps the most noteworthy aspect of LONGi's performance is the substantial reduction in the levelized cost of electricity (LCOE) achieved with Hi-MO 9 modules. The study reports that the LCOE stands at €0.02706 per kWh, which is 3.92-4.47% lower than the LCOE of TOPCon modules. This significant reduction is primarily due to a combination of lower fixed costs per unit of energy generated, and improved compatibility with tracking systems, reducing energy losses.
A New Standard for Solar Investment
The findings from this study solidify the notion that BC technology represents a unique value proposition in the solar industry. By maximizing the lifetime return on investment through an effective combination of efficiency gains and cost controls, Hi-MO 9 modules position themselves as frontrunners in the competitive field of solar energy.
Embracing Decarbonization Goals
As the demand for energy solutions that support sustainability fluctuations heightens across the globe, the competitive edge provided by LONGi’s BC modules illustrates a significant opportunity for solar assets. Their ability to offer lower electricity production costs places them in a stronger position to compete in energy markets. This, in turn, supports global decarbonization efforts aimed at reducing reliance on fossil fuels.
Frequently Asked Questions
What is the main finding regarding LONGi's modules?
The study found that LONGi's Hi-MO 9 BC modules outperform TOPCon modules in energy yield and levelized cost of electricity (LCOE), making them a more financially beneficial choice for solar projects.
How does the pricing of LONGi's modules compare to TOPCon?
LONGi's Hi-MO 9 modules are priced only 0.7¢/W higher than TOPCon, yet they maintain competitive total capital expenditure (CAPEX) through effective system design and cost management.
What does LCOE mean, and how does it relate to this study?
Levelized cost of electricity (LCOE) represents the average cost per unit of electricity generated by a power station over its lifetime. In this study, LONGi's modules achieved a significantly lower LCOE of €0.02706/kWh compared to TOPCon alternatives.
Why is the energy yield per watt important?
Energy yield per watt directly impacts the revenue generated from a solar project. A higher energy yield means more electricity is produced, thus increasing potential earnings for solar producers.
How do these findings impact the solar energy market?
The performance benefits and reduced costs associated with LONGi's modules provide valuable insights into improving solar project ROI, fostering wider adoption of solar technology as a key player in global energy solutions.
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