Publications by authors named "Chunxu Gong"
Energy Policy
November 2021
Article Synopsis
- COVID-19 pandemic has increased production costs and reduced the profitability of renewable energy investments, particularly in offshore wind power in China.
- The levelized cost of electricity (LCOE) for offshore wind power dropped from 0.86 CNY/kWh in 2014 to 0.72 CNY/kWh in 2019, but rose to 0.79 CNY/kWh in 2020 due to pandemic effects.
- Green finance policies, such as carbon pricing and tradable green certificates, can lower LCOE and enhance profitability, indicating their importance for sustaining offshore wind power investments during the pandemic.
