How much does PV electricity cost in China?

The average CO 2 abatement cost of PV electric power in China is 680.80 yuan/ton, which is less than the 866 yuan/ton calculated by Lin and He (2017). The possible reason for this difference is that PV technology has made significant progress, and module costs have fallen rapidly in recent years.

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.

Does China have a solar PV system?

New and cumulative installed capacities of China's solar PV power from 2000 to 2017. In order to effectively coordinate the scale and speed of the solar PV installation with the economic development, China has occasionally set and adjusted the development targets for solar PV power.

Will China develop solar photovoltaic power generation vigorously?

According to the national development strategy, China will develop solar photovoltaic power generation vigorously. Large-scale development of solar photovoltaic requires a lot of financial support, thus, how to achieve development goals with minimum cost is a meaningful study and can provide practical significance for policy studies.

Does China's PV power generation cost reduce a competitor's cost?

In terms of the cost reduction, they did not consider the competitor. Wang et al. (2021a) extracted the accumulated R&D funds and accumulated installed capacity as the key factors and established the levelized cost of energy (LCOE) model based on the two-factor learning curve to analyze the economic benefits of China’s PV power generation.

How big is photovoltaic power generation in China?

According to data released by the National Energy Administration, the cumulative total installed capacity of photovoltaic power generation in China in 2020 was 253GW, a year-on-year increase of 23.8%. As photovoltaics gradually enter the era of parity and 14-five-year plan, the installed capacity will show a more rapid growth trend.