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How to Develop Renewable Power in China? A Cost-Effective Perspective
Joint Authors
Cong, Rong-Gang
Shen, Shaochuan
Source
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-01-21
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Medicine
Information Technology and Computer Science
Abstract EN
To address the problems of climate change and energy security, Chinese government strived to develop renewable power as an important alternative of conventional electricity.
In this paper, the learning curve model is employed to describe the decreasing unit investment cost due to accumulated installed capacity; the technology diffusion model is used to analyze the potential of renewable power.
Combined with the investment cost, the technology potential, and scenario analysis of China social development in the future, we develop the Renewable Power Optimization Model (RPOM) to analyze the optimal development paths of three sources of renewable power from 2009 to 2020 in a cost-effective way.
Results show that (1) the optimal accumulated installed capacities of wind power, solar power, and biomass power will reach 169000, 20000, and 30000 MW in 2020; (2) the developments of renewable power show the intermittent feature; (3) the unit investment costs of wind power, solar power, and biomass power will be 4500, 11500, and 5700 Yuan/KW in 2020; (4) the discounting effect dominates the learning curve effect for solar and biomass powers; (5) the rise of on-grid ratio of renewable power will first promote the development of wind power and then solar power and biomass power.
American Psychological Association (APA)
Cong, Rong-Gang& Shen, Shaochuan. 2014. How to Develop Renewable Power in China? A Cost-Effective Perspective. The Scientific World Journal،Vol. 2014, no. 2014, pp.1-7.
https://search.emarefa.net/detail/BIM-1051706
Modern Language Association (MLA)
Cong, Rong-Gang& Shen, Shaochuan. How to Develop Renewable Power in China? A Cost-Effective Perspective. The Scientific World Journal No. 2014 (2014), pp.1-7.
https://search.emarefa.net/detail/BIM-1051706
American Medical Association (AMA)
Cong, Rong-Gang& Shen, Shaochuan. How to Develop Renewable Power in China? A Cost-Effective Perspective. The Scientific World Journal. 2014. Vol. 2014, no. 2014, pp.1-7.
https://search.emarefa.net/detail/BIM-1051706
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1051706