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image SOLAR POWERED PHOTO-VOLTAIC (PV) CELLS ARE ASSEMBLED BY WORKERS AT A FACTORY OWNED BY THE HIMIN GROUP, THE WORLDS LARGEST MANUFACTURER OF SOLAR THERMAL WATER HEATERS. THE CITY OF DEZHOU IS LEADING THE WAY IN ADOPTING SOLAR ENERGY AND HAS BECOME KNOWN AS THE SOLAR VALLEY OF CHINA. image DAFENG POWER STATION IS CHINA’S LARGEST SOLAR PHOTOVOLTAIC-WIND HYBRID POWER STATION, WITH 220MW OF GRID-CONNECTED CAPACITY, OF WHICH 20MW IS SOLAR PV. LOCATED IN YANCHENG, JIANGSU PROVINCE, IT BEGAN OPERATION ON DECEMBER 31, 2010 AND HAS 1,100 ANNUAL UTILIZATION HOURS. EVERY YEAR IT CAN GENERATE 23 MILLION KW-H OF ELECTRICITY, ALLOWING IT TO SAVE 7,000 TONS OF COAL AND 18,600 TONS OF CARBON DIOXIDE EMISSIONS. table 5.60: china: investment costs for electricity generation and fuel cost savings under the energy [r]evolution scenario compared to the reference scenario INVESTMENT COSTS DIFFERENCE E[R] VERSUS REF Conventional (fossil & nuclear) Renewables Total CUMULATIVE FUEL COST SAVINGS $ billion $ billion $ billion $ 2011 - 2020 -421 574 153 25 -38 234 0 221 2021 - 2030 -534 1,298 763 56 -71 1,089 0 1,074 2031 - 2040 -555 1,869 1,313 55 74 2,921 0 3,049 2041 - 2050 -555 1,869 1,313 38 619 4,868 0 5,525 2011 - 2050 -2,091 6,523 4,432 174 583 9,112 0 9,869 2011 - 2050 5 AVERAGE PER ANNUM -52 163 111 4.4 15 228 0 247 SAVINGS CUMULATIVE E[R] VERSUS REF Fuel oil Gas Hard coal Lignite Total billion $/a billion $/a billion $/a billion $/a billion $/a 177 © GP/ALEX HOFFORD © GP/ZHIYONG FU key results | CHINA - INVESTMENT & FUEL COSTSPDF Image | SUSTAINABLE WORLD ENERGY OUTLOOK
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