A worldwide cost-based design and optimization of tilted bifacial solar farms

The steady decrease in the levelized cost of solar energy (LCOE) has made it increasingly cost-competitive against fossil fuels. The cost reduction is supported by a combination of material, device, and system innovations. To this end, bifacial solar farms are expected to decrease LCOE further by increasing the energy yield; but given the rapid pace of design/manufacturing innovations, a cost-inclusive optimization of bifacial PV systems at the farm-level (including land costs) has not been reported. In our worldwide study, we use a fundamentally new approach to decouple energy yield from cost considerations by parameterizing the LCOE formula in terms of “land-related cost” and “module-related cost” to show that an interplay of these parameters defines the optimum design of bifacial farms.…