The International Supply Chain and Manufacturing Costs for Photovoltaic Modules, and Project Economics of Systems Including Storage

This talk will highlight the most recent efforts from the National Renewable Energy Laboratory's (NREL) Strategic Energy Analysis Center (SEAC) to track solar PV manufacturing capacities and trade flows, bottom-up manufacturing costs, and project capital costs including storage. We will begin with an overview of the global PV supply chain and the 2019 benchmark input data used to inform NREL's crystalline silicon (c-Si) and thin film module manufacturing cost models. The accounting framework that we follow and that will be reviewed during this talk provides a methodology to prepare cost models in accordance with the Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS). For the polysilicon, wafer, cell conversion, and module assembly steps of the c-Si supply chain, and for thin film modules, we will review input data and methods useful for calculating the costs of goods sold (COGS); research and development (R&D) expenses; and sales, general, and business administration (S, G, &A) expenses. This 2019 benchmark analysis is compiled for state-of-the-art polysilicon-to-module manufacturing across the globe. We will also provide an overview of opportunities for solar plus storage and show our 2018 benchmark bottom-up capital cost model results for utility-scale PV systems with battery storage.