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How big is photovoltaic power generation in China?

According to data released by the National Energy Administration, the cumulative total installed capacity of photovoltaic power generation in China in 2020 was 253GW, a year-on-year increase of 23.8%. As photovoltaics gradually enter the era of parity and 14-five-year plan, the installed capacity will show a more rapid growth trend.

What is China's new PV installed capacity?

In the first three quarters of 2020, China's newly added PV installed capacity was 18.7GW, higher than the level of the same period of last year. In the fourth quarter, it showed explosive growth, making the annual newly added installed capacity reach 48.2GW, including 32.68GW of centralized PV and 15.52GW of distributed PV.

How big is China's photovoltaic capacity in 2020?

In 2020, China's newly installed grid-connected photovoltaic capacity reached 48.2GW, a year-on-year increase of 60.1%, of which the installed capacity of centralized photovoltaic power plants was 32.7GW, a year-on-year increase of 82.68%; the installed capacity of distributed photovoltaic power plants was 15.5GW, a year-on-year increase of 27.04%.

How much will PV electricity cost in China by 2015?

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.

Why is solar PV developing west-to-East in China?

Driven by a combination of limited capacity to integrate variable solar power into the local power systems of the western region and air pollution control policies that increasingly constrain coal use in eastern China, there has been an evident west-to-east shift of solar PV development in China.

Is solar power a good investment in China?

The large-scale installation of solar power both globally and in China has promoted improvements in PV conversion efficiencies and reductions in generation costs. Capital costs of utility-scale solar PV per kW fell by 63.3% between 2011 and 2018 in China, accompanied by a number of downward adjustments in the levels of subsidies (18).