Jinghong Photovoltaic Solar Power Generation Price

How to reduce the cost of PV power generation in China?

To reduce this financial gap and manage the decrease of PV costs, the Chinese government published the Notice on matters of PV power generation in 2018, which is referred to as the “531” policy, reducing the subsidies for PV from 0.36 CNY/kWh to 0.32 CNY/kWh.

Are solar PV projects reducing the cost of electricity in 2022?

Between 2022 and 2023, utility-scale solar PV projects showed the most significant decrease (by 12%). For newly commissioned onshore wind projects, the global weighted average LCOE fell by 3% year-on-year; whilst for offshore wind, the cost of electricity of new projects decreased by 7% compared to 2022.

Can photovoltaic electricity be compared to grid prices in China?

Although solar photovoltaic use grows rapidly in China, comparison with grid prices is difficult as photovoltaic electricity prices depend on local factors. Using prefecture-level data, Yan et al. find that 100% of user-side systems can achieve grid parity, while 22% can produce electricity cheaper than coal-based power plants.

How much solar energy does Chongqing receive?

Chongqing is in the eastern part of the Sichuan Basin and receives on average 107 W m −2 solar radiation 24 with 732 kWh kW p−1 yearly solar energy conversion, from our calculations (Methods). Among all of the provinces, Chongqing has the lowest average solar availability capacity (<100 GW 25).

Does China have a price threshold for solar power?

The cost of solar PV electricity generation is affected by many local factors, making it a challenge to understand whether China has reached the threshold at which a grid-connected solar PV system supplies electricity to the end user at the same price as grid-supplied power or the price of desulfurized coal electricity, or even lower.

Is China a major market for solar photovoltaics?

Provided by the Springer Nature SharedIt content-sharing initiative In recent years, China has become not just a large producer but a major market for solar photovoltaics (PV), increasing interest in solar electricity prices in China.