The tradable green certificate (TGC) system provides a new opportunity to promote the grid parity of photovoltaic (PV) power generation in China. A PV power generation Levelized Cost of Electricity (LCOE) assessment model is presented that incorporates the impact of TGC on the economic viability of PV projects.
In terms of the cost reduction, they did not consider the competitor. Wang et al. (2021a) extracted the accumulated R&D funds and accumulated installed capacity as the key factors and established the levelized cost of energy (LCOE) model based on the two-factor learning curve to analyze the economic benefits of China’s PV power generation.
A PV power generation Levelized Cost of Electricity (LCOE) assessment model is presented that incorporates the impact of TGC on the economic viability of PV projects. The model is optimized for China''s unique tax system and is applied to analyze the economic performance of PV power generation across various provinces in China for the year 2022.
The results show that in the absence of subsidies, the price of PV power generation in all cities is lower than the price of grid electricity supply, and about 22 % of the cities can realize grid parity on the generation side.
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The tradable green certificate (TGC) system provides a new opportunity to promote the grid parity of photovoltaic (PV) power generation in China. A PV power generation …
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