Photovoltaics: Quantifying Technical Risks Key for Decisions
According to Magnus Herz, Senior Expert Solar at TÜV Rheinland, stakeholders need to consider the technical risks when it comes to investing in new and existing PV installations. “Quantitative knowledge of technical risks is one of the key factors for asset managers, banks or project developers to define reliable business decisions before and during the operation of their PV assets,” says Herz, who prepared the report jointly with additional experts of “Task 13” within the Photovoltaic Power Systems Programme of the International Energy Agency (IEA PVPS).
Magnus Herz believes that the data-driven evaluation and modelling of techno-economic performance indicators is key for taking decision support on Levelised Cost of Electricity (LCOE) to the next level. “The most important task for the future is developing standardized procedures to support data-driven evaluation and modelling of techno-economic performance indicators, with limited manual intervention”, Herz says.
The detailed 110-page English-language report, “Quantification of Technical Risks in PV Power Systems 2021,” is available for download at
https://www.tuv.com/landingpage/en/pv-solar-energy/downloads/
International network of leading experts
Task 13 was established in 2010 within the IEA PVPS Programme in order to focus on research activities on performance and quality issues with 80 experts from all over the world. The IEA created the Technology Collaboration Program (TCP) with a belief that the future of energy security and sustainability starts with global collaboration. The programme is made up of thousands of experts across government, academia, and industry dedicated to advancing common research and the application of specific energy technologies (www.iea-pvps.org).
TÜV Rheinland stands for safety and quality in virtually all areas of business and life. Founded almost 150 years ago, the company is one of the world’s leading testing service providers with more than 20,500 employees and annual revenues of nearly 2 billion euros. TÜV Rheinland’s highly qualified experts test technical systems and products around the world, support innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In doing so, the independent experts generate trust in products as well as processes across global value-adding chains and the flow of commodities. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption. Website: www.tuv.com
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