Parity wind and photovoltaic power generation

How does grid parity affect PV power generation?

According to the current PV market development, many studies use grid parity to identify the inducement mechanisms of large-scale PV power generation . For the early stages of industry development, the analysis of grid parity indicated financial support was a direct and effective way to reach grid parity, such as subsidies , , .

Is grid parity of PV power possible without national subsidy?

It is possible to reach grid parity of PV power in some places without national subsidy, as has occurred in some U.S. cities , . Thus by estimating the grid parity of PV power, this paper provides an assessment of the cost-competitiveness of PV power generation considering the temporal factor.

What is the wind and PV power generation potential of China?

The wind and PV power generation potential of China is about 95.84 PWh, which is approximately 13 times the electricity demand of China in 2020. The rich areas of wind power generation are mainly distributed in the western, northern, and coastal provinces of China.

How to estimate China's PV Grid parity feasibility in the future?

In order to estimate the China's PV grid parity feasibility in the future, the system LCOE of PV in three regions from 2018 to 2050 were estimated according to the predicted installed capacity and their learning rates. As shown in Fig. 8 (a), the future PV system LCOE in each of the three regions shows a clear declining trend.

Will centralized grid-connected solar PV projects achieve grid parity in 2023?

In contrast, the benefit performances of centralized grid-connected solar PV projects are slightly worse. The ratios of grid parity would not exceed 50% until 2025. Resource Zone II presents the highest benefit performances, for which distributed projects could reach complete grid parity in 2023 because of the high prices of electricity.

How can photovoltaic power plants promote grid parity?

Meanwhile, the reduction of cost is also speeding up, which can promote the grid parity of photovoltaic. The average cost of the GCL (Golden Concord Holdings Limited) photovoltaic power station in 2018 is 5.9 RMB/W, and is expected to drop to 5 RMB/W in the second half of 2019.