Main Solar Radiations
Solar radiations entail the electromagnetic radiations emitted by the sun, with the three main types including ultraviolet radiation, infrared radiation and visible light (Rahim et al., 2012).
A typical pyranometer, which consists of a white disk for constraining acceptance angle to 180 degrees and two concentric hemispherical transparent covers made of glass, is mostly used in not only measuring the global solar irradiance incoming from a 2 Ï€ solid angle on a planar surface, but also the diffuse solar irradiance (Gd) provided that the contribution of the direct beam is eliminated (Rahim et al., 2012).
Installed PV Capacity
Available statistics demonstrate that Germany is the worldâ€™s top country in terms of installed photovoltaic (PV) capacity, with 7.6 gigawatts (GW) of newly connected systems (Mason et al., 2013).
This abbreviation means the Levelized Cost of Energy, and is typically used to compare the cost of solar generated electricity produced by alternative means such as PV technology against electricity generated using traditional sources to come up with the price at which energy must be traded to break even over the lifetime of the technology (Branker et al., 2011). The LCOE has embedded assumptions, including â€œDirect Normal Irradiance (DNI) and meteorology of a particular location, as well as more general assumptions about the life of a plant and construction period, interest rate, and capital and operating ratesâ€ (Hinkley et al., 2011 p. 5).
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