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Assessment of the economic potential of China's onshore wind electricity

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  • Liu, Changyi
  • Wang, Yang
  • Zhu, Rong

Abstract

The assessment of the economic potential of wind electricity is of critical importance for wind power development in China. Based on the wind resource data between 1995 and 2014 and geological assumptions, this paper calculates economic potential of China’s onshore wind electricity. Furthermore, it builds an econometric model to update the net-present-value model, based on a survey sample of various wind farms. Results show that the economic potential of China’s onshore wind electricity is 8.13PWh per year with a feed-in-tariff price at 0.60 yuan (about 9.6U.S. cents) per kilowatt-hour.

Suggested Citation

  • Liu, Changyi & Wang, Yang & Zhu, Rong, 2017. "Assessment of the economic potential of China's onshore wind electricity," Resources, Conservation & Recycling, Elsevier, vol. 121(C), pages 33-39.
    • Handle: RePEc:eee:recore:v:121:y:2017:i:c:p:33-39
    DOI: 10.1016/j.resconrec.2016.10.001
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    References listed on IDEAS

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    1. He, Gang & Kammen, Daniel M., 2014. "Where, when and how much wind is available? A provincial-scale wind resource assessment for China," Energy Policy, Elsevier, vol. 74(C), pages 116-122.
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    4. Xi Lu & Michael B. McElroy & Wei Peng & Shiyang Liu & Chris P. Nielsen & Haikun Wang, 2016. "Challenges faced by China compared with the US in developing wind power," Nature Energy, Nature, vol. 1(6), pages 1-6, June.
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    Cited by:

    1. Wang, Yadong & Wang, Delu & Shi, Xunpeng, 2023. "Sustainable development pathways of China's wind power industry under uncertainties: Perspective from economic benefits and technical potential," Energy Policy, Elsevier, vol. 182(C).
    2. Luo, Shihua & Hu, Weihao & Liu, Wen & Zhang, Zhenyuan & Bai, Chunguang & Huang, Qi & Chen, Zhe, 2022. "Study on the decarbonization in China's power sector under the background of carbon neutrality by 2060," Renewable and Sustainable Energy Reviews, Elsevier, vol. 166(C).

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