Wind power and photovoltaic power generation subsidy standards

What is the PV power generation subsidy budget?

The PV power generation subsidy budget was scaled back to 1.5 billion CNY in 2020, with one-third earmarked to bolster the development of household PV. The feed-in tariff for LSPV and industrial and commercial DPSV was determined through market competition, not exceeding the market guide price.

Does China have a potential for wind and solar PV power generation?

Then, the technical, policy and economic (i.e., theoretical power generation) constraints for wind and PV energy development were comprehensively considered to evaluate the wind and solar PV power generation potential of China in 2020.

Is China ready for subsidy-free PV technology deployment?

China has already started to push for subsidy-free PV technology deployment . Yan et al. found that solar PV electricity prices in 76 out of 344 cities in China were lower than desulfurized coal benchmark electricity prices. Tu et al. further estimated that the grid-parity of PV in China could be achieved between 2023 and 2025.

What is the share of PV and wind in power supply?

The share of PV and wind in power supply increases from 12% to 59% during 2021–2060 at an annual rate of 1.8%, 1.4%, 1.0% and 0.7% in the 2020s, 2030s, 2040s and 2050s, respectively, which requires acceleration relative to an annual rate of 1% for China in the 2010s 40.

What is the capacity of PV & wind power plants in 2021–2060?

In a baseline scenario, the capacity of individual PV and wind power plants is limited to 10 GW without electricity transmission and energy storage, whereas the growth rate of PV and wind power is constant during 2021–2060 without considering the dynamics of learning.

How does government subsidy affect the PV industry?

Enterprise profitability, government subsidy, and market structure all significantly impact the overcapacity of the PV industry. Further, the increase in the number of policies will aggravate the overcapacity of the PV industry, but an increase in coordination degree of renewable energy industrial policies and financial support could mitigate it.