PV Grid-Parity is Coming in China

By 2021, PV in China will reach to grid-parity and without need of subsidy anymore. The tariff for solar region I in western China, can be as low as 0.24 Yuan/kWh (about 3.43 US cents). And the price for solar region III in eastern China, can be las low as 0.335 Yuan/kWh (about 4.78 US cents). The potential market of PV will be expanded due to its competitive cost. According to the “Roadmap of RE Development” made by National RE Center, by the year of 2050, the cumulative installed capacity of PV in China will be around 2100GW, and about 60GW will be installed per year during 2021-2050. (Area 12).