The levelized cost of electricity (LCOE) is a measure of a power source which attempts to compare different methods of electricity generation on a comparable basis.
Since our clients often compare our technology to that of crystalline silicon we needed to use a methodology that allows for direct comparison.
There are many factors that affect the LCOE such as location (solar radiation levels), type of installation (Ground mount vs rooftop), depreciation and exchange rates etc. We have therefore provided for a LCOE example based on the case study below.
Case Study LCOE.
Our technology shows that the LCOE is R1.08 based on the assumptions above which is well below the current Eskom or City Power tariffs. Furthermore, for companies the Net Present Value and Internal Rate of Return is positive and therefore shows that from a capital project and investment decision perspective it makes financial sense to put up a thin film CIGS PV plant.