PV Evolutions and Black & Veatch advised that they are collaborating to create what they deem as the industry’s first third-party PAN file generation and validation service. The companies’ overall aim is to provide accurate models of a PV project’s performance and value, which will in turn help the decision to investment in PV power plants easier on future project developers and investors.
Typically, each solar panel has an operational characteristic that details how efficient the solar panels will be in different environmental conditions. The varied behavior between solar panels can impact the energy yield and cash flow of a plant, leading the companies to note that each module needs to have a PAN file to identify model performance.
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PV Evolutions’ and Black & Veatch’s PAN file validation service will seek to develop a more accurate plant valuation and therefore expedite the independent engineering review of solar projects. This would allow, as the companies state, for project developers and EPC firms to make solar panel buying decisions on a comprehensive performance projection.
