Image source: Jinko Solar
Jinko solar launched Higher efficiency PV module with power output of up to 580W.
JinkoSolar – one of the largest and most innovative solar module manufacturers in the world, launched the higher efficiency Tiger Pro series -the latest in solar panel technology, equipped with tiling ribbon technology.
Jinko is expected to begin the mass production of the new Tiger pro series solar panels in the fourth quarter of this year but will start accepting orders soon.
Solar Panel efficiency
The efficiency of Solar panels is the primary factor that is considered in solar installation. You would be happy to know that – the new Jinko solar panels module can generate power up to 580W with a conversion efficiency of 21.4%. On comparing this module with traditional solar panels, it has better temperature coefficient, lower BOS cost and LCOE and higher IRR and ROI.
Alberto Cuter, Jinko solar’s general manager for LatAm and Italy mentioned in his statement that the products have been designed to respond to the high-quality demand of the industry and to reduce the LCOE of a solar power plant. He further said the performance warranty of the series has been upgraded by offering 2% degradation in the first year and a 0.45% linear warranty for the remaining 24 years. However, the company did not disclose any additional technical details about the new product line.
Some of you might not be aware of the technical terms. So, we will put light on their meaning so that you can understand better and figure out what has changed and how is it better.
Balance of system which encompasses all components of a photovoltaic system for example cables/wires, switches, enclosures, fuses, ground fault detectors, inverters, racking and more. So, BOS components make up roughly 10%-50% of solar purchasing and installation costs. So, BOS components are taken into consideration for controlling cost, increasing efficiency, and modernizing solar PV systems. Now you can simply tell – The lower the BOS the better.
Levelized Cost of Energy. At the most basic level, it is the lifetime cost of a solar installation, divided by the amount of energy the installation generates. So, the more expensive the project and the higher your costs to maintain and finance it, the higher your LCOE. Now, it is easy to tell – the lower LCOE the better.
Internal rate of return. In simple language, it is used to analyse the favorability of a project by calculating the long-term profitability, making it easy to compare to other potential investments. Generally speaking, the greater a project’s internal rate of return, the more desirable the project.
Return on Investment. It is the money you’ll save over the entire lifetime of a solar project. It is quite simple and clear, the more ROI the better.
The lower the temperature coefficient, the much better than solar module will undoubtedly carry out as temperatures increase. Read about it in detail here.