Technical FAQs 4

Does tradable green certificate promote grid parity of PV power generation?

The tradable green certificate (TGC) system provides a new opportunity to promote the grid parity of photovoltaic (PV) power generation in China. A PV power generation Levelized Cost of Electricity (LCOE) assessment model is presented that incorporates the impact of TGC on the economic viability of PV projects.

Does TGC affect the economic viability of PV power generation?

A PV power generation Levelized Cost of Electricity (LCOE) assessment model is presented that incorporates the impact of TGC on the economic viability of PV projects. The model is optimized for China's unique tax system and is applied to analyze the economic performance of PV power generation across various provinces in China for the year 2022.

When will solar PV systems reach grid parity in China?

Finally, the PV systems in different regions in China are expected to achieve grid parity between 2020 and 2032. In other words, within the next decade, grid parity of solar PV systems in China is forecasted to be achieved.

Does PV power generation cost less than grid electricity supply?

The results show that in the absence of subsidies, the price of PV power generation in all cities is lower than the price of grid electricity supply, and about 22 % of the cities can realize grid parity on the generation side.

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