Several separate data-files were last released in mid-2023, and we have aggregated them here, then added our own analytics and observations. The cost of grid interconnection has averaged $138/kW across 3,382 projects in the database, which breaks down as $51/kW for thermal power plants, $138/kW for wind projects and $167/kW for solar projects.
Grid investment costs include not only the expenses incurred by connecting new energy to the local transmission or distribution grid but also the costs associated with large-scale renewable energy grid integration, which may necessitate strengthening the grid''s transmission and distribution capacity to ensure power quality and stability.
investment in power supply and the grid is expected to be close to RMB 1 trillion, nearly double compared to 2020. From 2040 to 2045, the average annual investment in power supply and the grid is anticipated to further increase to about RMB 2 trillion.
Larger and higher voltage projects have lower tie-in costs. Again it was surprising how vastly the ranges can vary. The lowest-cost tie-in was $25/kW, tying in a solar asset to a 230kV power line with spare capacity that is a mere 1-mile away.
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