Price of solar modules for grid parity

4 FAQs about [Price of solar modules for grid parity]

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].

When will PV supply-side grid parity be achieved?

While in the case of coal-fired power generation electricity prices (P s) ranging from 0.224 CNY/kWh to 0.272 CNY/kWh, achieving PV supply-side grid parity in region I will be delayed until between 2030 and 2032 due to the lower electricity price.

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.

How is grid parity estimated?

Grid parity is estimated using a new approach of system LCOE and learning curve. The impacts of system LCOE and electricity price on grid parity are investigated. The additional grid integration costs amount for 15% of total PV system costs. Grid parity from a system LCOE perspective will be achieved between 2020 and 2032.

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