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Watt peak and choosing module


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1.What is watt peak? How to calculate Wp from load data? I have heard that

load/3.43 (thailand) = Wp

Is it the procedure to find Wp ?

2.Suppose, from calculation I get that I need 700Wp ! Then from this data how can I choose my Pv module? Because sometimes PVsyst desgin suggestion is not very intellectual. Sometimes it suggest that a big number of modules but it is not economical.So how can I choose module very efficiently ?

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