A Comparative Evaluation of Distributed Photovoltaic Power Generation Costs and Economic Effects Across Different Regions
Year: 2024
Type: article
Abstract: In the context of the dual challenges posed by global environmental pollution and the energy crisis, traditional centralized power generation models are increasingly inadequate to meet the demands of modern society. Distributed photovoltaic (PV) power generation, characterized by its modularity, low investment requirements, and advantages of being pollution-free and highly efficient, has gradually emerged as a critical source of electricity worldwide. As the leading nation in photovoltaic power generation, China has invested substantial financial resources in distributed PV technologies and implemented favorable policies to support their development. However, due to regional variations in solar energy resources, the costs and economic returns of distributed PV projects differ significantly across various areas. This paper analyzes the primary cost sources and components of distributed PV projects, calculating the levelized cost of electricity (LCOE) and internal rate of return (IRR) for different regions. It provides a comprehensive exploration of how regional differences impact the economic performance of distributed PV projects and the trends associated with these variations.
Source: Engineering Advances
Author: Jinyu Li
Language: English
Subfield: Environmental Engineering
Field: Environmental Science
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W4404555751