Feng Solar Photovoltaic Power Generation Project

When is China's first hybrid energy photovoltaic power station fully operational?

China's first hybrid energy photovoltaic power station using both solar and tidal power in Wenling City of east China's Zhejiang Province is fully operational, May 30, 2022. /CFP

Where is a solar project located in China?

This project is one of the first batch of large-scale wind and photovoltaic base projects in China, located within the Talatan Photovoltaic and Thermal Power Park in Gonghe County, Hainan Prefecture, Qinghai Province, which is one of the most solar-rich regions in China.

How many kilowatts of photovoltaic power will China produce in 2022?

It is estimated that 108 million kilowatts photovoltaic power generation will be added to the grid in 2022, with a year-on-year increase of 95.9 percent. Up till now, China has become a promoter and leader of global photovoltaic industry development, said the NEA.

How will PV power generation affect the NPV of a project?

Although the initial investment cost is large, national policies such as tax preferences greatly mitigate the upfront costs, and the green environmental attributes of PV power generation will provide additional income for the project. The NPV of the project will turn from negative to positive over time.

What is the environmental value of PV power generation?

The environmental value of energy conservation and emission reduction of PV power generation can be equated to the value of standard coal consumption and the environmental value of pollutant emissions that are avoided by using PV power generation compared to traditional thermal power generation with the same amount of electricity.

Is photovoltaic power a global consensus?

According to existing studies, it has become a global consensus around supporting the clean and low-carbon energy transition, vigorously developing photovoltaic power generation, and achieving a coordinated interaction between the electricity market, the carbon market, and the green power market (Li et al., 2022; Zhang et al., 2023b).