The results indicate that, while the current energy storage subsidy policies positively stimulate photovoltaic energy storage integration projects, they exhibit a limited capacity to cover energy storage investment costs, thereby failing to incentivize capital market participation in the construction of such projects.
In northern China, photovoltaic power generation is more economically viable. Considering the configuration ratio of energy storage equipment and subsidy policies, combined with the future development of new energy in the “Three North” regions, the economic analysis of photovoltaic and energy storage integration has high promotional value.
In projects related to distributed renewable energy configuration and energy storage, the installed capacity proportion of PV energy storage projects is 11.9%. By the end of 2020, the cumulative installed capacity of projects combining distributed photovoltaics amounted to 214.0 MW, representing 24.2% of all PV energy storage projects.
Currently, energy storage costs are relatively high. In comparison, photovoltaic and energy storage integrated projects have lower unit construction costs and longer lifespans. In northern China, photovoltaic power generation is more economically viable.
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The results indicate that, while the current energy storage subsidy policies positively stimulate photovoltaic energy storage integration projects, they exhibit a limited …
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The results indicate that, while the current energy storage subsidy policies positively stimulate photovoltaic energy storage integration projects, they exhibit a limited …
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