It's Happening....
First Distributed Photovoltaic Power Station in Ningbo Breaks Ground
- Details
- Category: Ningbo District
- Published: Tuesday, 15 April 2014 21:36
On April 11th, the foundation laying ceremony for a distributed photovoltaic power station was held in Shenzhen Industrial Park, Beilun District. The Phase-1 project shall have a capacity of 2.5 megawatts and the Phase-2 project 3.5 megawatts. When the station was completed, it can provide at least 35 billion KWh of electric power for the industrial production. This is the first roof-top photovoltaic power station in Ningbo, signifying distributed photovoltaic power has stepped to the market. The return is expected to be at 4 million RMB every year.
With 30 million RMB invested into the construction of this photovoltaic power station, how much value will it bring about when it operates?
According to its principles of generating electricity, there are two respects to be considered in calculating the earnings. One is that 10% discount of electricity price is given to rooftop photovoltaic power companies as well as 0.6 RMB per KWh electricity being subsidized by government. Another is that in holidays, government will purchase at the price of 0.46 RMB per KWh and subsidizes 0.6 RMB per KWh.
Therefore, the monetary return of 1KWh of photovoltaic power is 1.15 RMB. Considering the total electric capacity of 3.5 million KWh, the investment return can reach 4 million RMB, which means it needs 7-8 years to recover the investment.
