Photovoltaic Modeling: A Comprehensive Analysis of the I–V Characteristic Curve

The I–V curve serves as an effective representation of the inherent nonlinear characteristics describing typical photovoltaic (PV) panels, which are essential for achieving sustainable energy systems. Over the years, several PV models have been proposed in the literature to achieve the simplified and accurate reconstruction of PV characteristic curves as specified in the manufacturer’s datasheets. Based on their derivation, PV models can be classified into three distinct categories: circuit-based, analytical-based, and empirical-based models. However, an extensive analysis of the accuracy of the reconstructed curves for different PV models at the maximum power point (MPP) has not been conducted at the time of writing this paper. The IEC EN 50530 standard stipulates that the absolute errors within the vicinity of MPP should always be less than or equal to 1%. Therefore, this review paper conducts an in-depth analysis of the accuracy of PV models in reconstructing characteristic curves for different PV panels. The limitations of existing PV models were identified based on simulation results obtained using MATLAB and performance indices. Additionally, this paper also provides suggestions for future research directions.