Investment of 200 000 yuan in a photovoltaic bracket factory

Why is China launching a new cycle of photovoltaic (PV)?

Photovoltaic (PV) is developing rapidly in China, and the installed capacity and PV module shipping capacity are the first in the world. However, with the changes in the global economic environment and the uncertainty of China's PV policy, especially after the 531 new policy, China PV has started a new cycle.

Are residential solar photovoltaic systems a good investment in China?

Residential solar photovoltaic (PV) installations have boomed in China over recent years. However, knowledge about the economic performance of residential PV investments is still limited. Therefore, this study attempts to make a complete economic assessment of residential PV systems at the county-level.

Why are residential PV systems increasing in China?

As the initial cost of PV investments keeps declining rapidly, however, residential PV installations began to speed up gradually. The newly installed capacity of residential PV systems in China in 2019 is 4.2 GW p, which is just following the annual addition to solar PV capacity of the U.S., India, Japan, Vietnam, or Spain ( REN21, 2020 ).

Is there a breakeven for residential PV investments in China?

There is breakeven for residential PV investments all over China even without incentives. The areas with good performance of residential PV investments are located mostly in Northern China (Shandong and Hebei), Southern China (Guangdong and Hainan), northeast China (Liaoning, Jilin, and Heilongjiang), and southwest China (Sichuan and Tibet).

How much does photovoltaic electricity cost in China?

We further adapt the cost estimation model to estimate the average carbon dioxide abatement cost of photovoltaic electric power in China at 679.72 yuan/ton in 2015 and 681.88 yuan/ton in 2016. Compared with wind power and biomass energy, photovoltaic electric power is currently less economical for carbon dioxide emission reduction.

What is the market potential of solar PV power in China?

The market potential m of solar PV power in China reaches 1357 GW. This is higher than the results in the early studies, which predicted that the potential cumulative installed capacity of solar PV power will reach 287.68 GW in 2050.