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Can China Realize the Grid Parity Target of Centralized Photovoltaic Power by 2020?

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  • Xingping Zhang
  • Wenfeng Liu
  • Hongyang Zhang
  • Jiahai Yuan

Abstract

China has set an ambitious target of achieving the grid parity of solar power by 2020 in the 13th Five-Year Plan. This paper estimates the levelized costs of electricity (LCOE) of centralized photovoltaic power across regions in China with the actual situation in 2016 and simulation scenarios for 2020. Results demonstrate that the LCOEs of centralized photovoltaic power will decrease considerably during the period of 13th Five-Year. Few of them are competitive with generation side electric prices in 2016 basic scenario and 2020 pessimistic situation. Sensitivity analysis reveals that utilization hour, unit investment cost, and financing cost are key driving factors.

Suggested Citation

  • Xingping Zhang & Wenfeng Liu & Hongyang Zhang & Jiahai Yuan, 2021. "Can China Realize the Grid Parity Target of Centralized Photovoltaic Power by 2020?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(3), pages 740-756, February.
    • Handle: RePEc:mes:emfitr:v:57:y:2021:i:3:p:740-756
    DOI: 10.1080/1540496X.2019.1598371
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    Cited by:

    1. Chong, Shijia & Wu, Jing & Chang, I-Shin, 2024. "Cost accounting and economic competitiveness evaluation of photovoltaic power generation in China —— based on the system levelized cost of electricity," Renewable Energy, Elsevier, vol. 222(C).
    2. Xiaohua Song & Yamin Huang & Yulin Zhang & Wen Zhang & Zeqi Ge, 2023. "An Appraisal on China’s Feed-In Tariff Policies for PV and Wind Power: Implementation Effects and Optimization," Sustainability, MDPI, vol. 15(6), pages 1-23, March.

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