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In order to systematically assess the economic viability of photovoltaic energy storage integration projects after considering energy storage subsidies, this paper reviews
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In order to systematically assess the economic viability of photovoltaic energy storage integration projects after considering energy storage subsidies, this paper reviews
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The results indicate that, while the current energy storage subsidy policies positively stimulate photovoltaic energy storage integration projects, they exhibit a limited capacity to cover energy storage investment costs, thereby failing to incentivize capital market participation in the construction of such projects.
Rational allocation of energy storage capacity and optimization of corresponding subsidy policies are crucial prerequisites for enhancing the economic viability and widespread adoption of photovoltaic energy storage integration projects.
However, as the operational period of integrated photovoltaic and energy storage plants exceeds 20 years, long-term profitability still relies on more market mechanisms. If other market mechanisms are lacking, the incentive effects of subsidy policies on project development are limited.
The research shows that current incentive policies can shorten the investment payback period of projects. China is not mature enough to develop incentives for renewable energy development, so a study of incentives for photovoltaic storage energy development in China is necessary .