Thanks to the two diurnal generation peaks, vertical bifacial photovoltaic power plants (VBPV) with a north-south axis represent an option to meet the challenges of a mismatch between electricity demand and the generation profile of conventional photovoltaic systems (C-PV). Despite this promising characteristic, it is hardly possible to assess the technical and economic properties of VBPV on the basis of existing studies. The present work is a contribution to close this gap. Among other things, the conducted analyses included electricity generation, market revenues, levelized costs of electricity (LCOE) and the cost-reducing effect of VBPV in a national electricity system. C-PV was used as a benchmark in all analyses. Electricity generation was simulated at twelve European sites in four countries. It has been found that above a latitude of 50 degrees VBPV generates more electricity than C-PV. Due to the higher investments, VBPV had higher LCOE at all locations investigated. The results also showed that VBPV can generate higher revenues in electricity markets with a high share of C-PV capacity, but that these additional revenues are not yet sufficient to compensate for the higher investments. With an optimising electricity market model, it was also found that VBPV can contribute to reducing system costs in an electricity system with high shares of C-PV capacity. Against the background of the increasing importance of PV for the electricity supply of most European countries, these findings are of particular importance. In summary, it can be said that VBPV has significant potential at both the business and macroeconomic level and that decision makers should promote the market entry of this technology.
