The degree of bankability of any project, solution, technology, or supplier will affect the availability and cost of capital. In the face of increasing demand for safe, clean, and reliable energy, this aspect becomes more and more important. Today, PV technology has become not only an ecologically but also an economically sensible alternative for power generation. A large-scale PV power plant has to be competitive against conventional energy sources as well as other PV projects. With the elimination of government subsidies for this kind of energy generation in many regions and markets, the focus has now shifted to the overall efficiency of the plant. Neat functioning and maximum yield depend for the most part on bankable project partners and reliable components to be built in.
Key to ensuring a competitive LCOE (Levelized Cost of Energy) as well as the long-term success of a PV system with its necessary financing, is finding the right bankable project partners. Bankable products and components have a considerable impact on the bankability and the economic success of a PV asset. The guiding principle for bankability is minimizing risk while maximizing return. Long term, this can only be achieved through secured efficiency based on high-quality components. Wrong choices in planning, due to lack of knowledge or low-quality components, while intending to reduce the cost, can cause an 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 into 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 significantly affects the bankability of any photovoltaic project. Why go for minimal costs but accept strongly increased risks?
At Stäubli Renewable Energy we can help you improve the profitability and the ROI (return on investment) of your PV project. We are experts in connection solutions (eBoS - electrical Balance of System) that conduce substantially to achieving a low LCOE (levelized cost of energy), the principal factor when it comes to the long-term profitability of a power plant.