How much does solar power cost in China?

In particular, in the economically developed eastern provinces (e.g. Shanghai, Zhejiang, Jiangsu, Guangdong etc.), the PV electricity (mainly BIPV) is 0.67–0.86 RMB/kWh. The cost of LSPV stations ranges from 0.45 to 0.75 RMB/kWh, lower than the BIPV system owing to the scale effect and the strong solar radiation.

How much solar power will China have in 2022?

The installed solar PV capacity in China increasing from 130.25 GW in 2017 to 392.61 GW in 2022 (IRENA, 2023). Moreover, at the United Nations Climate Ambition Summit, China further announced that the total installed capacity of wind and solar power will reach over 1200 GW by 2030 (The United Nations et al., 2020).

How much does PV cost in China?

The uncertainty of PV technical potential was quantified. The cost of PV ranges from 0.12 CNY/kWh to 7.93 CNY/kWh. China's PV economic potential far exceeds its projected electricity demand. Solar power is vital for China's future energy pathways to achieve the goal of 2060 carbon neutrality.

Is China's solar PV potential priced lower than coal-fired energy?

According to our results, approximately 78.6 % and 99.9 % of China's technical solar PV potential are priced lower than the benchmark price of coal-fired energy in pessimistic and optimistic scenario.

Is promoting solar PV generation in China cost-effective?

These results strongly support the argument that promoting the total solar PV generation in China is cost-effective. The price of supplying such solar ranges from 0.14 CNY/kWh to 0.25 CNY/kWh nationally in the pessimistic scenario, and from 0.12 CNY/kWh to 0.25 CNY/kWh in the optimistic scenario, without considering transmission cost.

Why does China have a low solar power generation rate?

The Northeast China has lower theoretical PV power generation mainly due to the high latitude, low solar radiation and low land use, while the lower value of the East and Central China are mainly because of thicker clouds cover and higher temperature.