In order to ensure a competitive LCOE (Levelized Cost of Energy) and the long-term success of a PV system, but also the necessary financing, the appropriate, bankable project partners must be chosen. Bankable products and components have considerable impact on the bankability and the economic success of a PV asset. The guiding principle for bankability is to minimize risk while to maximize the return. This can only be achieved through secured efficiency in the long term on the basis of high-quality components. Wrong choices in planning, due to lack of knowledge, or low-quality components, in order to reduce the cost, can cause unexpected loss of production or potential safety issue during the lifecycle of a PV system.
When it comes to the profitability and the return on investment of a PV project, a low LCOE is the deciding factor. This crucial metric, expressed in cents per kilowatt hour (kWh), takes in account not only the capital cost of building a project, but also operating and maintenance expenses over time. It is used to compare the cost of solar energy to other sources and determines the long-term profitability of a power plant. Connectors may be small components, but their careful selection and impact on the bankability of every photovoltaic project are substantial. So why saving at the wrong place and increasing risks?