Price of photovoltaic solar container grid-parity components

What is PV Grid parity?

Grid parity is defined as the equivalence of the cost of electricity from PV power generation with that of conventional energy power generation [9, 10]. Some countries have already achieved PV grid parity (e.g., Chile and Egypt) [11, 12].

How does PV cost affect grid parity?

The price of PV is furthermore impacted by the continuous development and increasing installed capacity of PV. Therefore, a quantitative understanding of the timeline for PV cost is an important aspect to consider in discussions about grid parity.

How does grid parity affect solar power generation?

On the one hand, grid parity can promote technological progress in solar photovoltaic power generation, promote the reduction of solar photovoltaic power generation cost, and reduce the policy cost of solar photovoltaic power generation.

Will China achieve grid parity of solar PV systems?

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.

Why is grid parity important for China's PV industry?

If the development of the PV industry is to continue in China, it is imperative to address this subsidy reduction by achieving grid parity. Grid parity is defined as the equivalence of the cost of electricity from PV power generation with that of conventional energy power generation [9, 10].

Is grid parity a key indicator of PV cost competitiveness?

2. Grid parity and LCOE studies on PV installation Grid parity has been proposed as a key indicator to depict and compare the cost competitiveness of PV [9, , , ].