The photocurrent increases slightly with temperature while the open circuit voltages decreases appreciably with temperature as the open circuit voltage is given by:
Voc= nVt Ln( Iph/ I0),
with N the ideality factor, Vt the thermal voltage, Iph the photocurrent and I0 the reverse saturation current. The open circuit voltage decrease with temperature is dominated by the exponential increase of the reverse saturation current with temperature.
Consequentially , one finds that the conversion efficiency decreases with temperature because of the reduction of the open circuit voltage with temperature.
This is a short physical explanation of the variation of the main module parameters with temperature.
I would raise an important point which can affect the module performance which is the variations of the temperature among the different solar cells of he module. It can cause mismatch among the different solar cells of the module leading to more reduction in the conversion efficiency with temperature.
The electrical voltage of a PV panel decreases with the increasing of PV cell temperature. The mathematical relationship between the two parameters is linear.
On a microscopic scale, the high temperature of solar cells affects the motion of electrons and provokes an electron-hole recombination, leading to a drop in electrical conversion efficiency.
Article A detailed thermal-electrical model of three photovoltaic/th...
I would raise an important point which can affect the module performance which is the variations of the temperature among the different solar cells of he module. It can cause mismatch among the different solar cells of the module leading to more reduction in the conversion efficiency with temperatures
The increase of temperature of PV reflected negatively on the electrical power productivity. When the temperature increase the current increase insignificantly but the voltage decrease significantly and lead to reduce the power and efficiency. However, some research mentioned that for each 1 oC (behind the 25 oC) increase in temperature, 0.3-0.4 V decrease occurred in the PV voltage. One of the most promising ways to reduce the PV temperature is to use PV/T (hybrid PV/Thermal) system. Some nano fluids used in these systems shows a significant reduction in temperature and improvement the PV efficiency. I advise you to see the project in my page.