What Is New Under the Sun? New Solar Panels

From John Shannon who writes about green energy, sustainable development and economics. Email him at john[AT]borderstan.com

Most installed solar panels (also known as solar modules) in North America and Europe have an 11% efficiency-rating. That is, of the sunlight falling on them approximately 11% of that sunlight is converted into direct current electricity.

These are the panels with which we are most familiar and for the countries mentioned, they provide a tiny percentage of total electrical production there.

For example, Germany has over one-million solar panels installed with more installed every day. Even so, all of Germany’s solar panels combined supply less than 3% of German electricity needs.

Thanks to our computer-controlled electrical grids, utility companies can switch to the lowest cost minute-by-minute electricity during the day due to something called ‘Merit Order‘ ranking.

When the Sun is shining, every kilowatt of solar energy is spoken-for as it is by far the lowest-priced electricity available to utility companies during the daylight hours. In Germany, electrical rates drop by 15 to 40% during the daytime — due to the lower Merit Order price of solar power.

Solar provides lower cost electricity than the electricity produced by feeding a coal-fired burner with expensive coal ($70 – $155 per ton, plus transportation) with the required small army of personnel to unload coal from rail cars, oversee safety in the power plant, load the coal and otherwise maintain a billion dollar coal-fired power plant for example.

What is new under the Sun, is that many of those old 11% efficiency solar panels are soon to be replaced with 22% to 24% efficiency solar panels. That’s right, technology marches along and not just in regards to video games! The latest production solar panels are a ‘drop in’ replacement for the older panels.

Yes, a 100 megawatt solar power plant can become a 200 megawatt power plant — just by replacing the panels with more efficient ones.

And, unlike doubling the capacity of a coal-fired, natural gas or nuclear power plant, this won’t cost another billion dollars, nor entail yet another lengthy political fight to obtain approval. No, the old, low-efficiency panels will simply be unbolted from their brackets and the new higher-efficiency ones will be bolted into place. All of which should take a few weeks while the rest of the solar power plant continues to operate normally.

It turns out that due to mass production and a competitive marketplace, the per panel price of the new efficient panels is lower than the originally-installed panels.

To oversimplify this equation, Germany will jump from 3% solar electrical power production to 6% — just by replacing their panels with more efficient ones.

Where will it end you ask? Earlier this year, a new solar panel was announced which surpasses the 24% panel by a significant margin.

In only ten years, we have come from panels with an 11% efficiency-rating typically costing around $100. per panel, to 24% efficiency-rating panels costing $20. per panel at utility-scale volumes. Within 24-months, Amonix 33% efficiency (CPV) solar panels will go into full production. At this rate, I can’t wait for 2030!

To watch a YouTube video about the Amonix 33% CPV solar program, click here.