Canadian Solar Receives DNV Endorsement for Cutting-Edge TOPCon Modules: Enhancing Reliability and Lowering LCOE
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In this comprehensive technology review, DNV evaluated Canadian Solar's TOPCon 210 mm and 182 mm cell-based TOPBiHiKu6 and TOPBiHiKu7 bifacial modules. These modules, boasting a front side power output of up to 700W, have been considered by DNV to demonstrate high durability and quality. Having reviewed the Canadian Solar Levelized Cost of Energy (LCOE) model, DNV concurs with the 3.2% reduction in LCOE, reinforcing the economic viability of Canadian Solar's advanced technology.
DNV's Report reviews module performance, reliability, mounting systems compatibility, field data, and an LCOE assessment. In this context:
- DNV commended Canadian Solar's exemplary component validation and service life modelling, ranking them at the forefront of the industry. DNV noted the Company's commitment to high reliability is evident through its rigorous re-testing program in which each module undergoes tests for every Bill of Materials (BOM) alteration, ensuring dependability across all configurations.
- DNV also noted the Canadian Solar TOPBiHiKu6 and TOPBiHiKu7 possess industry-leading module efficiencies, up to 22.6%, temperature coefficients as low as -0.29%/°C, and bifaciality of ~80%, which indicate that the expected field performance of these modules would be better than that of typical commercial modules. DNV notes that N-type cells are inherently less susceptible to light-induced degradation (LID) and light and elevated temperature-induced degradation (LeTID) which is borne out by VDE tests on these modules. The results of the VDE report indicate a median (P50) LID for all modules of -0.19% and a P90 of ‑0.34% after 60 kWh/m2 of exposure. DNV has also reviewed rigorous reliability tests, including extensive thermal cycling, damp heat exposure, and potential-induced degradation (PID) testing, which resulted in a minimal power loss of less than 2%, demonstrating the high durability of the modules.
- Canadian Solar's LCOE modelling, reviewed by DNV, underscores the competitive edge of the TOPBiHiKu6 and TOPBiHiKu7 modules, projecting reductions of 2.5% and 3.2% respectively compared to PERC modules employing 144 half-cut cells of 182 mm width. These modules stand as a testament to Canadian Solar's commitment to efficient and cost-effective energy solutions.
- The report highlights DNV's thorough audit of Canadian Solar's TOPCon module production process, supplier quality management, Manufacturing Execution System (MES) and Statistical Process Control (SPC) utilization, and human resource management. DNV notes that Canadian Solar's quality systems, as observed in the audited factory, are leading in the PV industry, which DNV expects to result in minimal risk of module underperformance.
Canadian Solar started delivering TOPCon modules in the first quarter of 2023 and is expected to have an annual TOPCon cell manufacturing capacity of around 30 GW by the end of 2023.
Click here and download the Executive Summary on Canadian Solar TOPCon Technology Review Report.
DNV is an independent assurance and risk management provider, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry standards, and inspires and invents solutions.
DNV provides assurance to the entire energy value chain through its advisory, monitoring, verification, and certification services. As the world's leading resource of independent energy experts and technical advisors, the assurance provider helps industries and governments to navigate the many complex, interrelated transitions taking place globally and regionally, in the energy industry. DNV is committed to realizing the goals of the Paris Agreement and supports customers to transition faster to a deeply decarbonized energy system. www.dnv.com.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and Europe; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on
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Canadian Solar Inc.
Global IR Partners
SOURCE Canadian Solar Inc.
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