According to reports, the Average levelized cost of electricity (LCOE) for solar and wind power has dipped below gas-fired power in China. It is predicted that the LCOE of renewables will be competitive with coal-fired plants by the year 2026. Additionally, this year marks the first time that solar PV costs have fallen below that of wind power in the country.  The reasons could be attributed to technology advancements, government support and expanded scale. However, a major setting which threatens the renewable movement is the subsidy phaseout announced by the government by the year 2020.

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