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.
Since 2009, the Chinese government has taken a series of measures to promote solar PV installation in China. In March 2009, the Ministry of Finance and the Ministry of Housing and Urban-Rural Development initiated the first national PV program to subsidize BIPV systems larger than 50 kWp with 0.2 RMB/Wp (equivalent to 0.12–0.20 RMB/kWh).
In other words, within the next decade, grid parity of solar PV systems in China is forecasted to be achieved. This provides policymakers with the information to better plan the best time that cancels the subsidies and allows the market to determine the competitiveness of PV.
Toward this end, the country makes all efforts to develop renewables including solar photovoltaic (PV) generation. As a result, China has become a leader in the production and installation of PV equipment in the world since 2013 (REN21, 2014, 2020).
According to our analysis, if electricity prices of the provinces remain unchanged, the cost of PV electricity could be reduced to 0.52–1.22 RMB/kWh by 2015, which is comparable with the grid prices in regions with large PV capacity and high electricity prices, such as Guangdong, Beijing, and Shanghai.
China has already made major commitments to transitioning its energy systems towards renewables, especially power generation from solar, wind and hydro sources. However, there are many unknowns about the future of solar energy in China, including its cost, technical feasibility and grid compatibility in the coming decades.
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