The forms of energy storage subsidies are diverse, encompassing initial investment subsidies, discharge capacity subsidies, installed capacity subsidies, among others. The design of subsidy mechanisms influences the feasibility and economic viability of system investments.
Furthermore, while the Chinese government has introduced new energy storage policies and corresponding subsidies to promote renewable energy consumption, few scholars have considered the economic effects of energy storage subsidies on “new energy + storage” projects.
Hence, subsidy policies are indispensable. However, the current subsidies for energy storage mostly range from 0.1 to 0.3 RMB/kWh, with subsidy periods mostly limited to three years.
In summary, from the perspective of photovoltaic storage and energy storage-related subsidy policies, energy storage subsidies constitute an important source of revenue for PV-ES integration projects.
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