By the end of November 2021, China's grid-connected pv power generation capacity reached 287 million kw, up 24 percent year-on-year, according to the China Electricity Council.
According to CCTV, the world's largest photovoltaic power plant, with an installed capacity of 2.2 gigawatts (1 gigawatt =1 million kw), is located in Qinghai Province. It is understood that photovoltaic power generation has surpassed hydropower to become the largest power source in Qinghai Province.
By the end of 2020, the total installed capacity of pv in Qinghai province was 16 gigawatts, accounting for more than 30% of the total installed capacity of all types of energy in the province, and it is still improving rapidly. In large-scale construction, costs are also falling.
Falling costs have also reduced pv's reliance on subsidies, industry insiders say. Starting from 2021, all new photovoltaic projects in Qinghai province have basically said goodbye to subsidies and entered the era of affordable Internet access.
Industry experts believe photovoltaic costs are expected to fall by another 50 per cent over the next 10 years, increasing its share of the energy system.