Degradation decreases photovoltaic power delivery capacity over time. Studies on photovoltaic degradation are usually based on accelerated tests or filed tests which are time-consuming and require much effort. This paper investigates the degradation process of photovoltaic modules by simulation studies. A circuit-based model is employed to describe photovoltaic characteristics to environmental conditions and to the aging factors of photovoltaic modules. Analysis of each aging factor shows that the decrease of short-circuit current, the main reason of power loss, is mainly caused by optical degradation. The decay of fill factor mainly due to degradation of parasitic resistances worsens the power output. The statistical analysis of photovoltaic characteristic parameters based on a great number of photovoltaic modules with the same technology indicates that the degradation process can be very complicated depending on the degradation patterns of aging factors. Generally, the power loss tends to increase and the mismatch among photovoltaic modules becomes more remarkable through the time.
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