气候变化领域集成服务门户(CCPortal): Is local grid parity affordable in China? Discussion on the regional wind power potential and investment returns under policy uncertainty

CCPortal

DOI	10.1016/j.enpol.2022.113254
	Is local grid parity affordable in China? Discussion on the regional wind power potential and investment returns under policy uncertainty
	Wu, Jie; Zhang, Boyang
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	170 页码:11
英文摘要	In China, achieving grid parity is critical for a low-cost carbon-neutral transition over the next decades. However, it may post investment dilemma in renewable energy, given the significant differences in resource endowment across various regions. In this paper, we quantify the regional wind resource endowment and evaluate the impact of different grid parity scenarios on regional wind power investments, including long-term contracts with fixed prices, free contracts with decreasing prices and the marketisation of the electricity market. The results show that while the wind power investment returns decrease in all regions with the feed-in tariff degression, the regions in west China with less developed economies are more affected. Additionally, the regional wind power investment return significantly and positively correlates with the regional wind power potential, but the degree of correlation decreases with the increase of electricity price uncertainty. Regions with abundant wind power resources, such as Inner Mongolia, Xinjiang and Gansu, cannot guarantee a sufficient return on investment when the uncertainty of electricity prices increases. It is suggested that alternative support schemes (e.g., long-term contract) and safeguard policies should be designed to reduce the uncertainty of electricity prices and offset the investment incentives created by subsidies (especially in western regions).
英文关键词	Renewable energy; Wind power potential; Grid parity; Investment return
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000892114600014
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272041
作者单位	Shanghai University of Finance & Economics
推荐引用方式 GB/T 7714	Wu, Jie,Zhang, Boyang. Is local grid parity affordable in China? Discussion on the regional wind power potential and investment returns under policy uncertainty[J],2022,170:11.
APA	Wu, Jie,&Zhang, Boyang.(2022).Is local grid parity affordable in China? Discussion on the regional wind power potential and investment returns under policy uncertainty.ENERGY POLICY,170,11.
MLA	Wu, Jie,et al."Is local grid parity affordable in China? Discussion on the regional wind power potential and investment returns under policy uncertainty".ENERGY POLICY 170(2022):11.