Caixin
Feb 25, 2022 07:26 PM
BUSINESS

Solar Plant Installation Cost in China Increases for First Time in 15 Years

Technicians inspect a photovoltaic power station on Tuesday in East China’s Jiangsu province. Photo: VCG
Technicians inspect a photovoltaic power station on Tuesday in East China’s Jiangsu province. Photo: VCG

The cost of setting up a solar power station in China increased for the first time in 15 years, as the prices of raw material rose amid booming demand driven by the country’s green ambitions.

In 2021, the installation of centralized solar power stations cost 4.15 yuan ($0.66) per watt, a 4% jump year-on-year, said Wang Bohua, honorary chairman of the China Photovoltaic Industry Association (CPIA), at Clean Energy Expo China 2022 on Wednesday.

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