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Reliable models for PV power plant performance testing

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By Evan Riley

PV power plants require proportionally more up-front capital investment to develop and build than their fossil fuel counterparts. Modelling the lifetime performance of a PV power plant is therefore a critical exercise in proving a project’s bankability and securing finance to cover that cost. However, inaccuracies and uncertainties in modelling techniques create risk in the structuring of project finance. Evan Riley of Black & Veatch explores methods for improving the reliability of performance models and how then can be used to demonstrate that a PV facility will meet expectations.

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