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Performance of 5 photovoltaic (PV) modules made of different technologies (monocrystalline silicon, polycrystalline silicon, amorphous silicon, copper indium selenide and heterojunction with intrinsic layer) is evaluated according to the short-term capacity evaluation method described in IEC TS 61724-2 standard. Measurements for the analysis are obtained from the data acquisition system developed by the Laboratory for Renewable Energy Sources at the Faculty of Electrical Engineering, Computer Science and Information Technology (FERIT) Osijek which is described in the paper. Results of the performance analysis according to the IEC TS 61724-2 standard indicate that the copper indium selenide PV module Solar Frontier SF150-S has the greatest performance, therefore it is the most suitable PV module for the micro-location of Osijek, Croatia with European humid continental climate. The lowest performance of all studied PV modules is achieved by polycrystalline silicon PV module Bisol BMU 250. Empirical analysis of the relations of various electrical and meteorological parameters is performed and dependencies are evaluated. In the last section, mathematical models of PV module efficiency in relation to the module temperature are derived based on empirical analysis of measurements.