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ID: 132748

Levelized cost of electricity (LCOE) of renewable energies and / Ouyang, Xiaoling; Lin, Boqiang

Lin, Boqiang	Journal Article
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2014.

Summary/Abstract

The development and utilization of renewable energy (RE), a strategic choice for energy structural adjustment, is an important measure of carbon emissions reduction in China. High cost is a main restriction element for large-scale development of RE, and accurate cost estimation of renewable power generation is urgently necessary. This is the first systemic study on the levelized cost of electricity (LCOE) of RE in China. Results indicate that feed-in-tariff (FIT) of RE should be improved and dynamically adjusted based on the LCOE to provide a better support of the development of RE. The current FIT in China can only cover the LCOE of wind (onshore) and solar photovoltaic energy (PV) at a discount rate of 5%. Subsidies to renewables-based electricity generation, except biomass energy, still need to be increased at higher discount rates. Main conclusions are drawn as follows: (1) Government policy should focus on solving the financing problem of RE projects because fixed capital investment exerts considerable influence over the LCOE; and (2) the problem of high cost could be solved by providing subsidies in the short term and more importantly, by reforming electricity price in the mid-and long-term to make the RE competitive.

Key Words

China ; Cost ; Biomass ; Renewable Energy ; Solar Photovoltaics ; Feed-in Tariffs ;
Levelized Cost of Electricity ; Renewable Power Generation ; LCOE ; Renewable Energy policy-China ; Renewable Electricity Pricing

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ID: 125467

Local non-market quality of life dynamics in new wind farms com / Kahn, Matthew E

Kahn, Matthew E	Journal Article
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Publication

2013.

Summary/Abstract

The environmental benefits from generating electricity using renewable power are well known. Both wind farms and large scale solar installations require significant amounts of land to generate such power. Private land holders gain from leasing and selling land to renewable power generators but how are nearby neighbors and county residents affected? This study uses data from West Texas and documents that wind farm county's residents have gained from recent place based investments in wind farms. County property tax rates have fallen and public school quality has improved in those counties where wind farms have been built. Based on the local fiscal data, local school quality data and local ambient air pollution data, renewable power is a "better neighbor" than conventional fossil fuel fired power plants.

Key Words

Renewable Power Generation ; Spatial Externalities ; Local Quality of Life

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