A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systems
<p>Utility-scale photovoltaic (PV) systems play a pivotal role in the global energy transition, with capital expenditure (CAPEX) being a key determinant of project competitiveness. This paper presents a systematic assessment of CAPEX components supported by industry benchmarks from recent mark...
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| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , , , , , , |
| منشور في: |
2026
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| الموضوعات: | |
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| _version_ | 1864513508229513216 |
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| author | Dhanup S. Pillai (22963393) |
| author2 | Abdullah B. Bayindir (22963396) Abinisha Thiruchutan (22963399) Juan Lopez Garcia (22963402) Sertac Bayhan (16388511) Brahim Aissa (10591619) Claudio Del Pero (22963405) Veronica Bermudez Benito (18427932) |
| author2_role | author author author author author author author |
| author_facet | Dhanup S. Pillai (22963393) Abdullah B. Bayindir (22963396) Abinisha Thiruchutan (22963399) Juan Lopez Garcia (22963402) Sertac Bayhan (16388511) Brahim Aissa (10591619) Claudio Del Pero (22963405) Veronica Bermudez Benito (18427932) |
| author_role | author |
| dc.creator.none.fl_str_mv | Dhanup S. Pillai (22963393) Abdullah B. Bayindir (22963396) Abinisha Thiruchutan (22963399) Juan Lopez Garcia (22963402) Sertac Bayhan (16388511) Brahim Aissa (10591619) Claudio Del Pero (22963405) Veronica Bermudez Benito (18427932) |
| dc.date.none.fl_str_mv | 2026-01-02T06:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.solener.2025.114296 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/A_comprehensive_review_of_CAPEX-driven_LCOE_optimization_strategies_for_utility-scale_PV_systems/31017679 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Engineering Electrical engineering Electronics, sensors and digital hardware Capital expenditure Utility-scale PV plants Levelized cost of electricity Operational expenditure Balance of system |
| dc.title.none.fl_str_mv | A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systems |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>Utility-scale photovoltaic (PV) systems play a pivotal role in the global energy transition, with capital expenditure (CAPEX) being a key determinant of project competitiveness. This paper presents a systematic assessment of CAPEX components supported by industry benchmarks from recent market studies along with projected CAPEX scenarios highlighting regional and global trends. Unlike prior studies that focused primarily on cost reporting, the core contribution of this work is a comprehensive review of levelized cost of electricity (LCOE) optimization strategies, which include module technology selection, optimized system configurations, innovative balance-of-system (BOS) designs, digitalization and AI-enabled tools for design and operation, as well as emerging approaches aimed at improving reliability and durability. Each approach in various strategies is systematically assessed for its individual impact on CAPEX, BOS, and LCOE, providing a clear understanding of cost-performance trade-offs. More importantly, the current maturity level of each strategy, existing industry standards, implementation challenges and future research needs are benchmarked. By bridging CAPEX analysis with optimization pathways for the industry, this review evaluates how capital components can be strategically selected and optimized during both design and operation to improve project economics. The findings offer a structured roadmap to reduce costs, enhance reliability, and accelerate the competitiveness of utility-scale PV systems in the coming decades.</p><h2>Other Information</h2> <p> Published in: Solar Energy<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.solener.2025.114296" target="_blank">https://dx.doi.org/10.1016/j.solener.2025.114296</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_712ef6207923acbf370e8a94b06d3cec |
| identifier_str_mv | 10.1016/j.solener.2025.114296 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/31017679 |
| publishDate | 2026 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systemsDhanup S. Pillai (22963393)Abdullah B. Bayindir (22963396)Abinisha Thiruchutan (22963399)Juan Lopez Garcia (22963402)Sertac Bayhan (16388511)Brahim Aissa (10591619)Claudio Del Pero (22963405)Veronica Bermudez Benito (18427932)EngineeringElectrical engineeringElectronics, sensors and digital hardwareCapital expenditureUtility-scale PV plantsLevelized cost of electricityOperational expenditureBalance of system<p>Utility-scale photovoltaic (PV) systems play a pivotal role in the global energy transition, with capital expenditure (CAPEX) being a key determinant of project competitiveness. This paper presents a systematic assessment of CAPEX components supported by industry benchmarks from recent market studies along with projected CAPEX scenarios highlighting regional and global trends. Unlike prior studies that focused primarily on cost reporting, the core contribution of this work is a comprehensive review of levelized cost of electricity (LCOE) optimization strategies, which include module technology selection, optimized system configurations, innovative balance-of-system (BOS) designs, digitalization and AI-enabled tools for design and operation, as well as emerging approaches aimed at improving reliability and durability. Each approach in various strategies is systematically assessed for its individual impact on CAPEX, BOS, and LCOE, providing a clear understanding of cost-performance trade-offs. More importantly, the current maturity level of each strategy, existing industry standards, implementation challenges and future research needs are benchmarked. By bridging CAPEX analysis with optimization pathways for the industry, this review evaluates how capital components can be strategically selected and optimized during both design and operation to improve project economics. The findings offer a structured roadmap to reduce costs, enhance reliability, and accelerate the competitiveness of utility-scale PV systems in the coming decades.</p><h2>Other Information</h2> <p> Published in: Solar Energy<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.solener.2025.114296" target="_blank">https://dx.doi.org/10.1016/j.solener.2025.114296</a></p>2026-01-02T06:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.solener.2025.114296https://figshare.com/articles/journal_contribution/A_comprehensive_review_of_CAPEX-driven_LCOE_optimization_strategies_for_utility-scale_PV_systems/31017679CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/310176792026-01-02T06:00:00Z |
| spellingShingle | A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systems Dhanup S. Pillai (22963393) Engineering Electrical engineering Electronics, sensors and digital hardware Capital expenditure Utility-scale PV plants Levelized cost of electricity Operational expenditure Balance of system |
| status_str | publishedVersion |
| title | A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systems |
| title_full | A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systems |
| title_fullStr | A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systems |
| title_full_unstemmed | A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systems |
| title_short | A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systems |
| title_sort | A comprehensive review of CAPEX-driven LCOE optimization strategies for utility-scale PV systems |
| topic | Engineering Electrical engineering Electronics, sensors and digital hardware Capital expenditure Utility-scale PV plants Levelized cost of electricity Operational expenditure Balance of system |