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PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

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Page 1: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from
Page 2: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

PV Power Plants Risk Mitigation

Cumulative global installed solar photovoltaic (PV) capacity is

set to continue its growth from 271.4 Gigawatts (GW) in 2016 to

756.1 GW by 2025, registering a compound annual growth rate

(CAGR) of 13.1%........

Page 3: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

No. 1 in PV plant assessment and product testing.

More than 35 years of experience in PV.

Inspected PV projects representing more than 20GW.

Power plant inspections since 1990.

8,000 m2 of lab testing areas

250+ PV experts worldwide.

TUV Rheinland

Page 4: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

TUV Rheinland

Page 5: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

TUV Rheinland

Page 6: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Why are PV investments

growing world wide?

Is it easy to invest in PV?

What are the actual trends?

Page 7: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from
Page 8: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Source IRENA

Page 9: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Investment models and TrendsMarket Shift

Industry Maturity

Customer Orientation

Model

Focus

Cost andPerformance

Juvenile market

Sellers

FIT

OPEX

Module efficiencyWp cost

Mature

Buyers

Auction / PF / PPA

CAPEX

Total system cost Energy Yield

Leveled cost of energyBankability / Insurability

BEFORE NOW

Page 10: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Investment models and Trends

FITPROJECT F.

AUCTION

PPA

• Easy Financing model• Political RISK• Focus in OPEX• Resource analysis. • Due-diligence. Statistical analysis of

radiation. Quality issues in manufacturing.

• EPC experience.

• Project Finance• Lenders• Bankability• Focus in CAPEX• Engeneering. • Due-diligence. • EPC experience• Energy Yield• Price Driven.

Page 11: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Investment models and Trends - Basic model PF

SPV

(Equity + Loan)

Equity

Investor

Bank

Utility,

Grid Operator

Insurance

company

Equity

20…30%

Loan

70…80%

Energy

salesBankable

securitiesO & M

company

All risks +

interruption

of operation

Liability

EPC

company

Guarantees

O & M

Contract

Cash

flow

Debt

service

Rate of return

EPC

Contract

Page 12: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Main Stakeholders

Page 13: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Loss of Revenue, Risks

Page 14: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Key risk factors that influence solar plant returns

Page 15: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Some data

Page 16: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Technical Risk Matrix of PV Power Plant

Production

Cell mismatch…Modules

Grounding

Inverter

Mounting Structure

Connection & Distribution Boxes

Cabling

Weather Station

Transformer

Storage System

Planning / Development Installation / Transportation Operation / Maintenance

MPPT Issues…

Mounting Structure Corrosion…

Material Incompatibility…

Broken Connector…

Wrong Materials…

Low quality storage system…

Shadow Diagram…

Inverter Wrongly Sized…

Roof and Static Analysis

missing…

Wrong Sized Cable Gland…

Cable undersized…

No grounding system…

Shadow and Soiling of

irradiance sensors…

Cabin Doors not grounded…

Battery Wrongly Sized…

Mishandling…

Unstable Installation…

Screw not fixed…

Lack of Strain Reliefs…

Different Type of connectors…

Grounding missing…

Misalignment between the solar

irradiance sensors and Array…

Missing Labeling…

Storage system in not ideal

environment conditions…

Hot Spot…

Low Performance…

Damage During Maintenance

Work…

Missing Protection…

Cut, Pressed and/or Broken

Cables…

Broken grounding…

Damaged Sensors…

Wrong Transformer

Configurations…

Operation Problem with PV

inverters…

Equipment

Page 17: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Quality management of supply chain for PV power plant

development – Example equipment failures

Foundations Rack Connector Substrate

Page 18: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Result of an internal study: Failures/defects in power plants

Page 19: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Technical Risk Matrix of PV Power Plant

Production

• Incorrect Soldering

• Cell broken

• Cell mismatch

• Cell overlap

• Bubbles

• Undersized bypass diode

• Junction box adhesion

• Delamination at the edges

• Visually detectable hot

spots

• Failed insulation test

• Failure on mechanical load

• Defective label solar module

• PID

• Lack of certification

• Incorrect Power Rating

Modules

Planning / Development Installation / Transportation Operation / Maintenance

• Glass breakage

• Soiling losses

• Shadow diagram

• Modules mismatch

• Modules not certified

• Flash test report not

available or incorrect

• Modules weight

• Mechanical resistance

• No protection against

reverse current

• Different types of modules

• Lack of experience in the

field

• Special climatic conditions

not considered(salt

corrosion, ammonia,..)

• Module mishandling (Glass

breakage)

• Module mishandling (Cell

breakage)

• Defective backsheet

• Soiling

• Breakage during transport

and installation

• Modules fixing system

• Module frame damage

• Module plug connectors

substituted

• Incorrect connection of

modules

• Short circuit or defect at

modules

• Hot Spot

• Delamination

• Glass breakage

• Soiling losses

• Shading losses

• Snail track

• Cell cracks

• Defective backsheet

• Overheating junction box

• PID

• Failure of bypass diode and

junction box

• Corrosion in the junction

box

• EVA discoloration

• Module degradation

Equipment

Page 20: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

PV Module Product Quality - Examples for PV module failures

Examples for PV module failures

Cell cracks Delamination

Junction box failure

Glass breakage

Potential induced

degradationBypass diode failure

Frame breakage

Safety issues

Page 21: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Risk : Performance (Yield) and Climatic Conditions

Page 22: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

PV Module Product Quality – Failures in TestingTÜV Rheinland has analyzed a total of 2000 certification projects conducted at the

Cologne Solar Testing Centre from 2002 to 2012.

1740 projects for

C-Si PV Module

370 projects for thin

film PV Module

Annual percentage of failure in IEC projects. Distribution of failures in IEC projects from 2006 to 2013.

Source: IEA PVPS 2014

Page 23: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from
Page 24: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

PID- Principal riesgo de perdida de producción

Page 25: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Initial Degradation

Page 26: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Wrong power classification!

Page 27: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Performance loss through soiling

Page 28: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from
Page 29: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Project Bankability

Page 30: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

How to get a project bankable? How to reduce risks?

Page 31: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

How to get a project bankable? How to reduce risks?

Page 32: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

How to get a project bankable? How to reduce risks?

Page 33: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

How to get a project bankable? How to reduce risks?

Page 34: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

PV asset lifecycle

Page 35: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Quality assurance and risk minimization

Page 36: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Photos

Page 37: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Photos

Page 38: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Photos

Page 39: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from
Page 40: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

谢谢! Thanks for your attention! Gracias por Su Atención

Preguntas?

Page 41: PV Power Plants Risk Mitigation - Feria Exposolar · PV Power Plants Risk Mitigation Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from

Vitor Rodrigues

Regional Field Manager

PV Power Plants & Systems

Solar/ Fucelcell Technology

Spain / SAM

[email protected]

www.tuv.com