About Parity wind power grid-connected power generation project
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6 FAQs about [Parity wind power grid-connected power generation project]
How important is grid parity for offshore wind power?
Thus, the achievement of grid parity is important to the development of offshore wind power in the future. Based on the evaluation results above, it can be inferred that the timing of achieving grid parity for offshore wind power is different and additional policy may be necessary to further promote the grid parity in some provinces. 5.4.
What is grid parity?
The grid parity is defined by comparing the generation cost of renewable energy power and the coal-fired power price ( Tu et al., 2019b, Tu et al., 2020, Tu et al., 2021). In specific, if the power generation cost is smaller than the coal-fired power price, then the grid-parity can be reached; else it cannot be reached.
What happens to grid-parity wind and PV power generation projects?
Those grid-parity wind and PV power generation projects that have not been connected to the grid within the prescribed time limit, shall be removed from the first batch of grid-parity wind and PV power generation projects of 2019, or of the 2020 list。
How does grid parity affect PV power generation?
According to the current PV market development, many studies use grid parity to identify the inducement mechanisms of large-scale PV power generation . For the early stages of industry development, the analysis of grid parity indicated financial support was a direct and effective way to reach grid parity, such as subsidies , , .
Can offshore wind power achieve grid parity with traditional coal-fired power?
With the decrease of offshore wind power generation cost, the achievement of grid parity with traditional coal-fired power has been paid attention by policy makers and researchers (Mattar and Guzmán-Ibarra, 2017, Wu et al., 2019 ).
Can China achieve grid parity of offshore wind power?
Achieving the grid parity of offshore wind power in China has great implication for the future energy system transition and plays an important role to achieve the carbon mitigation target in the National Determined Contribution (NDC) of Paris Agreement.


