The greater challenge that researchers address and indicate while investigating about photovoltaic (PV) system failures during their Operation and Maintenance (O&M) is the lack of accessible reliable real quantitative data. For this reason, several publications have focused on this problem through a qualitative approach. However, this fact is one of the greater strengths of this paper, in which the quantitative information from the historical data of sixty-three PV plants portfolio in Italy and Spain has been accessible. Results obtained from the research provide essential information for main players involved in PV plants to identify failure modes and rates, in order to reduce investment risk and to focus their maintenance efforts on preventing those failures, improving longevity and performance of PV plants. The paper presents failure rates per PV Site and per kW, considering all portfolio and dividing it regarding five PV plants groups per size, distribution of failures per element, Mean Time Between Failures (MTBF), reparation times per affected element and the main failures modes examining each of the almost 100,000 complete alarms registered during the five years analyzed. (C) 2019 Elsevier Ltd. All rights reserved.