In our country, the growth rate of the solar thermal industry is twice the global average. Costs will continue to decrease over the next five years.

China's solar thermal industry is developing rapidly at a pace that is two times faster than the global average. According to the establishment meeting of the Solar Thermal Branch of the China Electricity Council held on November 18, the annual compound growth rate of China's solar thermal power generation industry is 11.7%, significantly higher than the global growth rate of 4.24%, with the domestication rate of technology and equipment exceeding 95%. Data revealed at the meeting shows that the grid-connected electricity price for solar thermal power generation in China has decreased from around 1.15 yuan/kilowatt-hour in the first batch of demonstration projects to about 0.6 yuan/kilowatt-hour. Ding Yeliang, member of the Party Committee and deputy general manager of China Guangdong Nuclear Power New Energy Holdings Co., Ltd., stated that it is expected that during the "13th Five-Year Plan" period, costs will further decrease, and the industry's competitiveness will continue to enhance.