The paper presents a derivation of the dynamic impedance of a PV module. At each bias voltage, the general form of the impedance describes a semicircular locus in the complex impedance plane. Intercepts of each impedance locus yield series, shunt and dynamic resistance of a module. Determinations of the dynamic impedance of a x-Si PV module in the dark with five reverse bias voltages and over a frequency range of 1 Hz to 60kHz are made. The experimental results validate the derived general form of dynamic impedance. (C) 2004 Elsevier B.V. All rights reserved.