A levelized cost of energy approach to select and optimise emerging PV technologies: The relative impact of degradation, cost and initial efficiency

• A levelized cost of energy (LCOE) for emerging photovoltaics (PV) is developed. Typical degradation profile Perovskite and Organic PV taken into account. Optimal strategies to improve LCOE depend upon present status technology. calculated literature state-of-the-art cells. Emerging have potential compete with established Silicon LCOE. model presented which accounts the significant ‘burn-in’ losses common in photovoltaic devices organic (OPV) perovskite (PVK) absorber layers. This used quantify relative importance burn-in, module initial efficiency a realistic grid-scale installation situated Fiji. The effectiveness improvements technology reducing shown critically current Predictions specific OPV PVK sourced from are presented, some at grid scale. However, efficiencies not necessarily those LCOE, emphasizing need characterize lifetime yield an approach select most promising candidate technologies.