Costing Analysis of Scalable Carbon‐Based Perovskite Modules Using Bottom Up Technique

Abstract

Abstract In recent years, perovskite solar cells (PSCs) have achieved a remarkable power conversion efficiency of 25.5%, indicating that they are a promising alternative to dominant Si photovoltaic (PV) technology. This technology is expected to solve the world's energy demand with minimal investment and very low CO2 emissions. The market has shown a lot of interest in PSCs technology. A technoeconomic analysis is a useful tool for tracking manufacturing costs and forecasting whether technology will eventually achieve market‐driven prices. A technoeconomic analysis of a 100 MW carbon‐based perovskite solar module (CPSM) factory located in India is presented in this paper. Two CPSMs architectures—high‐temperature processed CPSMs (Module A) and low‐temperature processed CPSM's (Module B)—are expected to offer minimum sustainable prices (MSPs) of $ 0.21 W‐1 and $ 0.15 W‐1. On the basis of MSP, the levelized cost of energy (LCOE) is calculated to be 3.40 ¢ kWh‐1 for module A and 3.02 ¢ kWh‐1 for module B, with a 10‐year module lifetime assumption. The same modules with a 25‐year lifespan have LCOEs of 1.66 and 1.47 ¢ kWh‐1, respectively. These estimates are comparable to market dominant crystalline silicon solar modules, and they are also favorable for utilizing perovskite solar cell technology.