In recent years, perovskite solar cells (PSCs) have achieved a remarkable power conversion efficiency of 25.5%, indicating that they are a promising alternative to dominant Si photovoltaic (PV) technology. This technology is expected to solve the world's energy demand with minimal investment and very low CO2 emissions. The market has shown a lot of interest in PSCs technology. A technoeconomic analysis is a useful tool for tracking manufacturing costs and forecasting whether technology will eventually achieve market-driven prices. A technoeconomic analysis of a 100 MW carbon-based perovskite solar module (CPSM) factory located in India is presented in this paper. Two CPSMs architectures—high-temperature processed CPSMs (Module A) and low-temperature processed CPSM's (Module B)—are expected to offer minimum sustainable prices (MSPs) of $ 0.21 W-1 and $ 0.15 W-1. On the basis of MSP, the levelized cost of energy (LCOE) is calculated to be 3.40 ¢ kWh-1 for module A and 3.02 ¢ kWh-1 for module B, with a 10-year module lifetime assumption. The same modules with a 25-year lifespan have LCOEs of 1.66 and 1.47 ¢ kWh-1, respectively. These estimates are comparable to market dominant crystalline silicon solar modules, and they are also favorable for utilizing perovskite solar cell technology.
(*Priyanka Kajal, Satya Gangadhara Rao Vadaga and Satvasheel Powar are the other authors of this paper)