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Invest 300 000 yuan to build solar power generation

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"Early this year, we invested 2.5 million yuan (about 358,000 U.S. dollars) to build an 800-kilowatt PV power generation facility utilizing over 10,000 square meters of

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Invest 300 000 yuan to build solar power generation [PDF]

6 FAQs about [Invest 300 000 yuan to build solar power generation]

How much did China invest in a solar power plant?

"Early this year, we invested 2.5 million yuan (about 358,000 U.S. dollars) to build an 800-kilowatt PV power generation facility utilizing over 10,000 square meters of factory roofs," said Sun Zhenliang, director of operations of the company in Shandong Province. The facility can generate 1,200 megawatt-hours of electricity annually.

Can solar power increase the income of Shandong village?

Photovoltaic power generation can increase the income of our village by more than 300,000 yuan annually, and the profit period can last up to 20 years," said Zhang Wei, Party chief of the village. The growth of distributed PV power generation in Shandong mirrors China's strenuous efforts to develop new energy.

How can PV power generation improve grid parity in China?

As a result, traditional producers and PV power generation may move towards a fair competitive environment, which is more conducive to grid parity of PV power generation. In addition, China's carbon trading is fully implemented in 2017, covering eight sectors including power sector.

Does China's PV industry need subsidies?

Although China's PV industry has experienced a rapid expansion in recent years, the feasibility of PV systems must be supported by subsidies or other policies. The industry development is still in the nascent stage. As shown in Fig. 12, the future cost of PV power generation shows a similar declining trend.

How much solar energy does China have?

China has plentiful solar resources with 1492.6 kWh/m 2 of annual average radiation on a horizontal plane. According to the Wind and Solar Energy Resources Center, China Meteorological Administration, the amount of solar radiation is more than 1400 kWh/m 2 in most parts of China, which is more than other countries with a similar latitude.

Why is North China a good place to build a PV system?

And the areas in North China are suitable for building residential grid-connected PV system. High retail electricity price and good solar radiation are both beneficial for grid parity.

Solar Pro.