News News

Cutting cost of renewables crucial for grid parity

日期: 2019-12-02
浏览次数: 1

Accelerating cost reduction of renewables to move up the time frame of grid parity is very important for China's energy mix to become modern and greener, said industry experts at the fifth China Energy Development and Innovation Forum held on Tuesday.

The forum, initiated by China Reform Daily and organized by Beijing Gofa Institute of Intelligent Energy, attracted more than 500 industry experts, business leaders and government officials to discuss key issues related with China's energy development and innovation.

From Jan to Oct this year, China installed an addition of 17.61 million kilowatts photovoltaic power capacity, with the cumulative capacity reaching 192 million kilowatts, according to Shi Jingli, a researcher with the renewable energy development center of the Energy Research Institute under National Development and Reform Commission.

Some photovoltaic power stations in regions with good solar resources and easy access to grids for consumption have become capable to get rid of reliance on financial support, she said, adding that reducing costs, either technology-related or not, is most important to achieve grid parity.

During the 14th Five-Year Plan (2021-25), it will be an important period for renewables to make up a large share of China's energy mix, because at that time renewable energy industry will enjoy little financial subsidies, and needs to innovate in applications, business models and institutional mechanisms to get renewables-generated power connect directly into the electricity system, she said.

Zheng Sheng'an, president of China Renewable Energy Engineering Institute, said the costs of renewables has been constantly declining, as China scales up the development and utilization of renewable energy, with increasing use of advanced devices and technologies, and better policy support.

Nowadays, increasing the share of renewables in China's total energy mix is key for China to decarbonize its energy mix, as a new round of energy transition is happening worldwide to address environment protection and drive the sustainable development of energy, he said.


Share to:
News / Recommended news More
2020 - 12 - 15
BEIJING -- China's textile and garment exports grew 9.9 percent year-on-year to $265.2 billion in the first 11 months, official data shows.Textile exports reached $141.6 billion in the period, a notable 31 percent growth from a year earlier, according to the Ministry of Industry and Information Technology. Garment exports dropped 7.2 percent to $123.6 billion.In November alone, the country'...
2020 - 11 - 26
China will step up efforts to expand the free trade area network across the world to enlarge its 'circle of friends', according to China's Commerce Minister Zhong Shan.After signing the Regional Comprehensive Economic Partnership (RCEP), China will see the China-Cambodia free trade agreement take effect at an early date and accelerate investment treaty negotiations with the European Un...
2020 - 11 - 18
China is ramping up efforts to improve the service capability of China-Europe rail freight, providing much-needed freight service amid the COVID-19 outbreak, the country's top economic regulator said on Tuesday.The new move came in an effort to keep up with the rising demand for freight trains amid the COVID-19 outbreak which has hampered international air and sea transport, Meng Wei, spokeswo...
2020 - 11 - 09
China's exports continued to expand in October, the growth rate reached 19 months high, and imports also showed stable growth, official data showed on Saturday, as the country's economy continues to recover from the pandemic.China's October exports and imports increased 11.4 and 4.7 percent, respectively, from a year earlier, reaching $237 billion and $179 billion.Exports in October co...
Phone: 86-510-85750782 
Zip code:214031
Address: Room 3606, Block A, Yunhe East Road 555, Wuxi, Jiangsu Province, China
Copyright ©2018 - 2021 Leonzon International Trading Co., Ltd.
犀牛云提供企业云服务