ARRAY Technologies asked RINA to perform a comparative technical analysis of PV Tracker architectures and associated lifetime costs
Albuquerque, NM – 21 July 2020 – Today ARRAY Technologies, market leaders in single-axis solar tracking, and RINA, an independent global testing, inspection, certification, and engineering consultancy services firm, announced the availability of a comprehensive analysis and lifetime cost assessment of the two most common utility-scale photovoltaic (PV) single-axis tracker designs in the marketplace today.
Based on the independently developed cost modeling tool PVTrax©, a case study details long-term tracker costs at a 100 MW sample project and location. The 100 MW sample project case study, assuming equivalent Tracker CAPEX, indicates that ARRAY’s flagship tracker, DuraTrack® HZ v3 delivers:
- NPV increases over 1.3 million dollars for asset owners using ARRAY trackers
- Lower LCOE over the plant’s lifetime with ARRAY’s centralized architecture
- Total lifetime OPEX is reduced by 42% by using the ARRAY tracker vs. the modeled distributed row architecture
- Higher energy output versus distributed tracker architecture
- More than 7% lower tracker lifetime costs with ARRAY trackers
The analysis provides solar developers as well as asset owners and renewable plant operators with real-world financial data to make more thoughtful project component selection and insight into how these initial choices surprisingly affect the total lifetime cost of ownership of a PV power plant.
“This research has created a methodology and tool to help weigh OPEX and CAPEX decisions and select the most suitable PV tracker technology.” said Jeff Krantz, Chief Commercial Officer at ARRAY Technologies, “As we have long suspected, for the products considered by the case study, ARRAY is a clear frontrunner for long-term PV project returns.”
This multi-year research includes long-term estimates of how design-phase plant component choices affect uptime, risk, operations and maintenance, warranty considerations, and ultimately plant profitability over the 30 + year lifespan of a modern PV power plant.
“Solar assets are now expected to run beyond 30 years. As the PV industry faces increased pressure from lower PPA contracts, stakeholders are increasing their focus on lifetime costs.” said Jose Luis Galo, Technical Lead, RINA’s solar business, “This RINA research and modeling tool, PVTrax, directly helps developers, lenders, owners, and EPCs proactively address lifetime costs and component performance.”
The free case study can be downloaded after registration HERE
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About ARRAY Technologies:
ARRAY Technologies, Inc. is the leading solar tracking solutions and services provider for utility-scale projects. With efficient installation and terrain flexibility coupled with high reliability, durability, and performance, ARRAY delivers the best project returns in the industry. As the chosen tracker for more than 40 GW years of energy production, ARRAY’s products have been optimized through unparalleled experience garnered over three decades. ARRAY Technologies is headquartered in the United States with offices in Europe, Central America, and Australia. Find us at arraytechinc.com
About RINA:
RINA provides a wide range of services in the Energy, Marine, Certification, Infrastructure and Transport and Industry sectors. With an expected turnover in 2019 of 465 million euros, over 3,900 resources and 200 offices in 70 countries around the world, RINA participates in the main international organizations, always contributing to the development of new regulatory standards. Find out more about RINA at www.rina.org