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Canadian Solar Receives DNV Endorsement for Cutting-Edge TOPCon Modules: Enhancing Reliability and Lowering LCOE
GUELPH, ON, Sept. 11, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), today announced it has recently received
About this update from Canadian Solar Inc.
[{"type":"text","content":"GUELPH, ON, Sept. 11, 2023 /PRNewswire/ -- Canadian Solar Inc. (the \"Company\" or \"Canadian Solar\") (NASDAQ: CSIQ), today announced it has recently received the \"Canadian Solar TOPCon Technology Review Report\" (\"Report\") from DNV, an esteemed independent third-party expert in product certification, risk management, and assurance. DNV was founded in Oslo, Norway in 1864.\n\nIn 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.\nDNV's Report reviews module performance, reliability, mounting systems compatibility, field data, and an LCOE assessment. In this context:\nDNV 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 comp...