The hottest photovoltaic enterprises build plants

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Photovoltaic enterprises build plants overseas and develop power stations in order to tide over the difficulties

it is still 15 months before the EU publishes the preliminary determination results. The continuous negotiation between governments seems to ease the situation. At present, for domestic photovoltaic enterprises, the real pressure may be how to absorb the excess capacity in the early stage under the continuous contraction of market demand. It is estimated that if measured by the global PV installed capacity in 2011, China's production capacity alone will exceed the global annual new market capacity

due to the temporary difficulty of large expansion of domestic market demand, domestic enterprises began to plan to invest directly overseas to set up factories, so as to avoid the impact of "double anti" as far as possible and transfer excess capacity to overseas markets for digestion. Photovoltaic equipment manufacturers enter the development of photovoltaic power stations, and compete with power station developers for the downstream industrial chain with relatively high profit margin while maintaining the breakeven and low profit of manufacturing products

Recently, the Ministry of Commerce reported that negotiations with Germany, France and other countries on anti-dumping against China have achieved results, and all parties said they would continue to resolve disputes through consultation. For a time, the pressure of EU anti-dumping against China seemed to be reduced a lot, which made many domestic photovoltaic enterprises breathe a sigh of relief

for the current situation of overcapacity in China's photovoltaic manufacturing industry, a group of figures have been repeatedly mentioned by the industry: as of 201, more than 3/4 were hot-air plastic granulators. By the end of the year, China had more than 60% of the world's manufacturing capacity. This capacity far exceeds the size of the global new installed capacity market in 2011

the intuitive reflection of overcapacity at this stage is the huge amount of inventory pressing on enterprises. It is reported that at present, the top three Chinese photovoltaic giants, including Suntech Wuxi and Trinasolar, hold a total of 5 gigawatts of inventory, accounting for one sixth of the global annual demand. According to the average selling price of 87 cents per solar panel in the second quarter, these inventories are worth $45billion, or about 270billion yuan

"if no measures are taken to digest the excess capacity in time, the resulting further decline in product prices will drag down the performance of enterprises for a long time. Such a vicious cycle, I'm afraid, before the preliminary determination result of EU anti-dumping against China, the domestic photovoltaic enterprises may have been wiped out." A senior insider said

set up factories directly overseas

market observers further analyzed and pointed out that if anti-dumping finally takes place, the domestic photovoltaic industry needs to shut down at least 45% of its production capacity within a year and transfer 10% of its production capacity overseas, so that the market can regain balance

shutting down production capacity has become a helpless choice for enterprises. Wuxi Suntech, the leader of the industry, recently announced that it would close a quarter of its production capacity. In addition, enterprises that do not want to sit idly by tend to choose to set up factories overseas directly and transfer part of their production capacity overseas. After all, the domestic market share is less than 5%, and no one is willing to give up 80% of the European and American market share

it is understood that Wuxi Suntech built a factory in Phoenix, Arizona, USA as early as 2010. At present, (3) the universal testing machine can not do tensile and zigzag tests at the same time, and its capacity is about 50 MW. At present, Atlas, which is also a leading echelon, has a plant capacity of 200 MW in North America and plans to increase it to 400 MW by the end of this year

the cost of directly setting up factories overseas is the increase in production costs, which is also the first thing that photovoltaic enterprises with an average gross profit margin of only about 5% can do for cantilever Charpy sample suspension zigzag experiment. Li Zongwei said that the direct establishment of overseas factories is expected to bring an increase in the cost of 0.4 to 0.5 yuan per watt to enterprises (regardless of the freight and insurance costs of 0.16 yuan per watt saved)

the advantages of developing downstream power stations are highlighted

it is understood that at present, many domestic photovoltaic manufacturing enterprises set up plants overseas from the starting point of simply engaging in the sales of photovoltaic cell modules, but Yingli, who is used to differentiated competition, has further consideration

insiders said that at present, the gross profit margin of photovoltaic manufacturing industry is maintained at about 5%. If the product price falls further in the future, the manufacturing industry will maintain a low profit state for a long time. However, the compression of the gross profit margin of the manufacturing industry has brought about an increase in the profit margin of the design and construction of downstream power stations. In addition, the current electricity price subsidies for photovoltaic power generation in various countries maintain a stable level, and the advantages of power station development are highlighted

at present, Yingli has formed a set of financing system models and power generation yield models for the "one-stop" service model. By the end of the year, Yingli will extend the practice and utilization of this one-stop model to Germany, Italy and Greece. In the future, it will be extended to Singapore, which will radiate throughout Southeast Asia. The core purpose of the "one-stop" model is to stimulate the growth of orders for its own manufacturing products through the development of power stations, and promote the rational distribution of profit margins among various links through the control of the industrial chain

as for the manufacturing enterprises that are generally worried by the outside world to enter the downstream power stations under the general tension of the capital chain, Li Zongwei said that Yingli's model has been recognized by domestic policy banks. After all, there is a good yield guarantee, and the risk of bank financing is controllable. It is understood that at present, the credit support scale of CDB to Yingli for the whole year is maintained at 1billion yuan to 2billion yuan to support its exploration of new models. Zhonghua glass () Department

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