7.3 The influence of irradiance
The output of a solar panel is approximately proportional to irradiance, but Vm remains nearly
constant as long as irradiance exceeds 200 W / m². Irradiance therefore does not materially
influence the MPPT / PWM performance ratio as long as irradiance exceeds 200 W / m² (see figure
16)
"But at low irradiance (overcast sky, wintertime) Vm drops rapidly and an MPPT controller connected
to an array with a much higher nominal voltage than the battery, will perform far better than a
PWM controller."
https://www.victronenergy.com/upload/documents/White-paper-Which-solar-charge-controller-PWM-or-MPPT.pdf