Study on Feasibility of Photovoltaic Power to Grid Parity in China Based on LCOE

Today, photovoltaic (PV) power generation accounts for a relatively small proportion of total power generation in China. If photovoltaic power can achieve grid parity, it can replace the original traditional thermal power generation, which has positive significance on the environment. The Levelized...

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Autores principales:	Zheng Lu, Yunfei Chen, Qiaoqiao Fan
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	photovoltaic power grid parity economic analysis cost modeling levelized cost of energy (LCOE) Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/bd66e0eddea04378a503151e9aa62fe4
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spelling	oai:doaj.org-article:bd66e0eddea04378a503151e9aa62fe42021-11-25T19:04:09ZStudy on Feasibility of Photovoltaic Power to Grid Parity in China Based on LCOE10.3390/su1322127622071-1050https://doaj.org/article/bd66e0eddea04378a503151e9aa62fe42021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12762https://doaj.org/toc/2071-1050Today, photovoltaic (PV) power generation accounts for a relatively small proportion of total power generation in China. If photovoltaic power can achieve grid parity, it can replace the original traditional thermal power generation, which has positive significance on the environment. The Levelized Cost of Energy (LCOE) is the main general economic indicator for the evaluation of power generation technology in the world. Based on the traditional LCOE evaluation model and considering the shortcomings of the previous LCOE evaluation models, the cost of photovoltaic power generation is refined in this paper. The cost of the taxation with calculating the depreciation, the loss, and the income of the Clean Development Mechanism (CDM) are taken into consideration. Hence, a more accurate and more comprehensive LCOE model is presented. Moreover, combined with other investment indicators, a photovoltaic power generation benefit model corresponding to the current development status is proposed. Taking a 3-MW distributed photovoltaic power station project in Nanjing as a case study, the sensitivity analysis of factors that affect the benefit of photovoltaic power generation is carried out to further explore the feasibility of photovoltaic power to grid parity.Zheng LuYunfei ChenQiaoqiao FanMDPI AGarticlephotovoltaic powergrid parityeconomic analysiscost modelinglevelized cost of energy (LCOE)Environmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12762, p 12762 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	photovoltaic power grid parity economic analysis cost modeling levelized cost of energy (LCOE) Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	photovoltaic power grid parity economic analysis cost modeling levelized cost of energy (LCOE) Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Zheng Lu Yunfei Chen Qiaoqiao Fan Study on Feasibility of Photovoltaic Power to Grid Parity in China Based on LCOE
description	Today, photovoltaic (PV) power generation accounts for a relatively small proportion of total power generation in China. If photovoltaic power can achieve grid parity, it can replace the original traditional thermal power generation, which has positive significance on the environment. The Levelized Cost of Energy (LCOE) is the main general economic indicator for the evaluation of power generation technology in the world. Based on the traditional LCOE evaluation model and considering the shortcomings of the previous LCOE evaluation models, the cost of photovoltaic power generation is refined in this paper. The cost of the taxation with calculating the depreciation, the loss, and the income of the Clean Development Mechanism (CDM) are taken into consideration. Hence, a more accurate and more comprehensive LCOE model is presented. Moreover, combined with other investment indicators, a photovoltaic power generation benefit model corresponding to the current development status is proposed. Taking a 3-MW distributed photovoltaic power station project in Nanjing as a case study, the sensitivity analysis of factors that affect the benefit of photovoltaic power generation is carried out to further explore the feasibility of photovoltaic power to grid parity.
format	article
author	Zheng Lu Yunfei Chen Qiaoqiao Fan
author_facet	Zheng Lu Yunfei Chen Qiaoqiao Fan
author_sort	Zheng Lu
title	Study on Feasibility of Photovoltaic Power to Grid Parity in China Based on LCOE
title_short	Study on Feasibility of Photovoltaic Power to Grid Parity in China Based on LCOE
title_full	Study on Feasibility of Photovoltaic Power to Grid Parity in China Based on LCOE
title_fullStr	Study on Feasibility of Photovoltaic Power to Grid Parity in China Based on LCOE
title_full_unstemmed	Study on Feasibility of Photovoltaic Power to Grid Parity in China Based on LCOE
title_sort	study on feasibility of photovoltaic power to grid parity in china based on lcoe
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/bd66e0eddea04378a503151e9aa62fe4
work_keys_str_mv	AT zhenglu studyonfeasibilityofphotovoltaicpowertogridparityinchinabasedonlcoe AT yunfeichen studyonfeasibilityofphotovoltaicpowertogridparityinchinabasedonlcoe AT qiaoqiaofan studyonfeasibilityofphotovoltaicpowertogridparityinchinabasedonlcoe
_version_	1718410361695109120

Study on Feasibility of Photovoltaic Power to Grid Parity in China Based on LCOE

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