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Dyesol Ltd (ASX:DYE) (FRA:D5I) recently announced it had reached an agreement with ARENA to receive $450,000 funding support to progress its Perovskite Solar Cell (PSC) technology towards scalable manufacture and mass commercialisation. While the critical key performance targets relate to achieving targets of efficiency and durability for our PSC technology, the program also involves a number of other important deliverables.

The first of these deliverables is analysing and reporting on the Levelised Cost of Electricity (LCOE) for PSC PV technology when large-scale manufacture is achieved. Dyesol is very pleased to advise that this initial report is to be submitted for ARENA consideration.

The results confirm that PSC PV technology has the potential to be a highly disruptive technology with the prospect of achieving highly competitive energy costs once large-scale manufacturing is achieved.

Importantly, this modelling assumes zero carbon or tax credits and no feed-in tariff support.

The modelling is based on a production facility of 100MW located within Australia. This is a modest and economically feasible size compared to PV manufacturing facilities developed elsewhere. Production costs were calculated using a PSC model developed by Dyesol and the extensive data we have generated during our scale up activities.

LCOE costs were calculated using ARENA’s LCOE calculator developed for large-scale solar installations. The LCOE modelling is based on developing a standalone 20MW solar PV facility in three different locations, namely Geraldton, Nyngan and Canberra districts. The modelling was undertaken for panel efficiencies of 10%, 12% and 14%. This is reasonable considering laboratory test efficiencies currently exceed 20%, the steep trajectory of improvement and the considerable progress Dyesol is achieving in scaling up the technology.

Key findings of this study include:

- The low manufacturing cost structure of PSC technology is reflected in the forecast delivered panel costs in the range of A$0.21/Wp - A$0.27/Wp depending on efficiency. This is highly competitive with competing 1st and 2nd generation PV technologies with quoted competitive costs typically in the range of A$0.56-$0.70/Wp (US$0.40 - $0.50c/Wp).

- Indicative LCOE figures for the three sites modelled are:

o Geraldton $96.41 - $105.84/MWh

o Nyngan $100.80 - $110.50/MWh

o Canberra $109.12 - $119.62/MWh

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About Greatcell Solar Limited

Greatcell Solar Limited (ASX:GSL) (OTCMKTS:DYSOY) is a global leader in the development and commercialisation of Perovskite Solar Cell (PSC) technology – 3rd Generation photovoltaic technology that can be applied to glass, metal, polymers or cement. Greatcell Solar Limited manufactures and supplies high performance materials and is focussed on the successful commercialisation of PSC photovoltaics. It is a publicly listed company: Australian Securities Exchange ASX (GSL) and German Open Market (D5I). Learn more at and subscribe to our mailing list in English and German.



Dyesol Headquarters:
Tracy Benillouz
Investor Relations and Marketing Manager
Tel: +61(0)2 6299 1592

Germany & Europe
Eva Reuter
Dr Reuter Investor Relations
Tel: +49 177 605 8804

Link: Dyesol's Study Generates LCOEs of A$0.096 - A$0.12 KWh

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