2024
DOI: 10.24084/repqj14.244
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Risk mitigation of performance ratio guarantees in commercial photovoltaic systems

Abstract: Abstract. This study demonstrates the importance of managing the risk of performance ratio guarantees, which typically are applicable to most commercial PV projects. A qualitative assessment of the performance metrics has shown multiple performance parameters, which could influence the Performance Ratio. Alternative performance metrics, including the Temperature Corrected Performance Ratio and the Weather Corrected Performance Ratio were evaluated by means of a quantitative analysis. The Temperature-and Weathe… Show more

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Cited by 10 publications
(9 citation statements)
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“…The formula PRcorr calculates the cell temperature based on irradiation and ambient temperature. The equation is shown in (7).…”
Section: Weather Corrected Performance Ratiomentioning
confidence: 99%
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“…The formula PRcorr calculates the cell temperature based on irradiation and ambient temperature. The equation is shown in (7).…”
Section: Weather Corrected Performance Ratiomentioning
confidence: 99%
“…The weather variation should calculate the only factors that affect the cell temperature. According to research by Basson, the objective of this research is to reduce the sensitivity to climate data [7]. The result shows that the temperature correction has a significant effect to reduce the seasonal changes.…”
Section: Introductionmentioning
confidence: 99%
“…Then, the uncorrected PR is calculated by [64] PR = kWhAC actual /P DC kWh sun /1000 (11) This work also considers yield (PV systems of different sizes are not directly comparable), and PR corrected to STC (PV systems employing different PV models are not directly comparable), and capacity factor (ratio of the observed PV generation over a time period to its potential generation if it functioned at its full nameplate capacity continuously over the same time period). Given a time instance t in N total number of time instances and the observed generation (in kW) from the PV system at the time t denoted by kWAC actual (t), the yield, PR corrected to STC, and capacity factor are calculated as follows [65]:…”
Section: Metrics To Evaluate Pv Performancementioning
confidence: 99%
“…Given a time instance t in N total number of time instances and the observed generation (in kW) from the PV system at the time t denoted by kWACactualfalse(tfalse), the yield, PR corrected to STC, and capacity factor are calculated as follows [65]:Yieldmonthly=t=1NkWhAnormalCactual(t)PDCnormalPRcorrected=)(kWhACactual/PDC)(kWhsun/1000XCapFacmonthly=t=1NkWAnormalCactual(t)N×PDC Among them, yield is considered to be more of a measure of PV system value than performance, and capacity factor is regarded as a measure of the system's utilisation than efficiency or performance. Another set of metrics, the EPI and PPI, are also defined as follows, where Pestimatefalse(tfalse) and Eestimate are obtained from (6) [65]PPIfalse(tfalse)=kWACactualfalse(tfalse)Pestimatefalse(tfalse)EPI=kWhACactualEestimate...…”
Section: Metrics To Evaluate Pv Performancementioning
confidence: 99%
“…Therefore, most maintenance engineers want to develop economic, efficient and reliable methodologies and tools to monitor and quickly identify the fault state, produce more energy and minimize maintenance planning. The Performance Ratio (PR) index (IEC61724-1 standard) is a health index for photovoltaic power plants that analyzes the solar power plant fault state and decreased output power and evaluates the solar power plant's performance and aging [1][2][3][4][5][6]. If a fault occurs in a PV power plant, the operator recognizes the anomaly in output power by calculating the PR index, which will show a lower value than that in the normal state.…”
Section: Introductionmentioning
confidence: 99%