Research On Management Strategy Of China’s Solar Power Generation

Solar energy photovoltaic (PV) power generation has been globally valued becauseof its roles to cope with energy crisis, to facilitate the strategic status of the emergingindustry, and to solve special demands for electricity. In China, household solar energypower system has been applied to solve the living electricity consumption of farmersand herders in power-free regions. Trial projects of grid-connected PV power generationare booming. Solar energy PV power generation has been gradually transformed fromsolving special demands for electricity to grid-connected power system. However, theresearch on the core issues in management of solar energy power generation lags behindthe development of the technology. Therefore, it is a basic and important work toabstract the core problems in management related to solar energy power generation andto establish the analyzing theories, methods, and techniques. This thesis constructs thebasic framework to study managing issues in our solar energy power generation,develops systematic analysis, and forms a comparatively complete theoretical systemfrom three dimensions as managing special demands for electricity in PV powergeneration, supporting policy constitution for grid-connected power system, andenterprise investment in grid-connected PV power generation.First, the thesis studies the asset managing strategies of off-grid users of solarenergy supply. By discussing the supply issues of solar power equipment in pastureareas, the thesis proposes the measures to solve moral risk problems in the using processby farmers and herders, establishes the motivating and restraining mechanisms, andstudies and designs the managing modes to this special type of state-owned assets assolar power supply equipment.Second, the thesis studies the service managing strategies of off-grid users of solarenergy supply. Based on the analysis to the nature of solar power supply projects inpasture areas, according to the special situation of the areas, the thesis discusses themanaging problems in projects’ post-services as the change and the maintaining ofpower supply equipment, studies and designs a set of effective mode in servicemanagement. As to maintaining service system, the thesis adopts the queuing technique to analyze the performance of the system as the reference to optimize the system. As tothe recycling of used parts, the thesis constructs a reverse recycling system of waste tosolve the problems in environmental pollution. As to the sustainability of the serviceand recycling system, the thesis discusses the managing issue of project operationscapital.Next, the thesis studies the cost reimbursement strategies of the government to theinvestment in grid-connected PV power generation. When the riskyfactors—constructing cost and grid-connecting electricity price—are uncertain, thethesis proposes the real-option-based cost reimbursement theory. The analyses are: first,generation firms’ optimal investment timing and the influence of cost reimbursementpolicy to investment decision-making by the generation firms; then, accessibility ofoptimal investment timing and necessary conditions for cost reimbursement policy to beeffectively implemented. Based on these analyses, the ratio of cost reimbursement isdetermined by the waiting time for investment, and conclusions are given togovernment’s cost reimbursement strategies.Then, the thesis studies the ratio of reimbursement and number of projects ofgrid-connected PV power generation in cost reimbursement strategies. From theperspective of constituting cost reimbursement policy for grid-connected PV powergeneration, by analyzing the necessary conditions for generation firms to invest in PVpower generation projects, the thesis calculates the optimal ratio of cost reimbursementand best number of PV power generation projects, and proposes key measures for thegovernment to constitute reimbursement policy and to successfully implement thepolicies.After that, the thesis studies the investment strategies in fussy environment forgrid-connected PV power generation. As to the uncertain factors in grid-connected PVpower generation projects and the fussy parameters in project option pricing, the thesis,by using fussy set theory, constructs Fussy Decision-making Supporting System,evaluates risks in investment projects of grid-connected PV power generation, studiesthe influence of general risks to the value of project’s option, calculates the value ofproject by fussy real option, and verifies the method proposed in the thesis by practicalcases of grid-connected PV power generation project.Last, the thesis studies the investment scale of generation firms in grid-connected PV power generation. First, by using method of real option investment, under thecircumstance of grid-connected electricity price following Geometric Brownian Motion,we get the differential equation satisfied to enterprise’s optimal installed capacitydependent on cost function, and we get the optimal investment timing. Second, wediscuss enterprise investment behavior under the setting of specific cost function. Last,we discover the sensibility of model parameters and management strategy by numericalsimulation experiment.