The photovoltaic industry is not far away from winter and spring.
since mid October, with the continuous deterioration of the U.S. financial crisis, China's photovoltaic industry, which has been sunny in recent years, has suddenly become overcast. Rumors such as "market shrinkage, capital chain disruption, production reduction, layoffs, and work stoppages" have been heard everywhere, as if the winter of the solar photovoltaic industry has come
it was not as cold as expected
on November 18, the relevant heads of Suntech Solar Power Co., Ltd., Trina Solar Energy Co., Ltd. and China Electric (Nanjing) photovoltaic Co., Ltd. told China industry news that the U.S. financial storm did affect China's photovoltaic industry, but none of their enterprises had the events mentioned in the rumors
on the same day, China B, the relative humidity is not greater than 85%; Zhao Yuwen, director of the photovoltaic Professional Committee of the renewable energy society, said: "the financial storm is fierce, and soon spread from the financial field to the real economy, and spread to the world. As a part of the real economy, the photovoltaic industry will certainly be affected."
however, he pointed out: "in comparison, the impact on the underlying industry of light control function is relatively small and short-term." The reason is that while trying to reduce the impact of the financial storm, governments have successively introduced some policies to expand domestic demand. From the perspective of the new deal worldwide, as a promising sustainable development industry, photovoltaic is still one of the key investment fields of many countries
it was learned that the Ministry of economy, industry and other departments of Japan jointly released the action plan for the popularization of solar power generation on November 11: strive to increase the adoption of solar cells (calculated by power generation) in 2020 to 10 times of the actual adoption in 2005, to 40 times by 2030, and reduce the price of solar cell systems to about half of the current price in 3-5 years. In addition, European and American countries have also announced corresponding plans
however, the 4trillion yuan domestic demand expansion policy issued by China on November 5 does not involve the photovoltaic industry, nor even mention renewable energy, but only makes arrangements for energy conservation, emission reduction and environmental protection. Zhao Yuwen deeply regretted this
as for the rumors of "layoffs and production stoppages", Zhao Yuwen believed that if individual enterprises really have such phenomena, it is also a kind of market behavior. According to their own conditions, enterprises will take different ways to "spend the winter"
opportunities are left to those who are prepared
industry experts pointed out that China's photovoltaic industry faces two major risks when the storm strikes: exchange rate losses and slowing demand
"the main impact comes from the exchange rate and the sharp decline of the euro." On November 18, Wu Hua, director of Trinasolar's president office, called the current changes in the photovoltaic industry "short-term adjustment". She told that the impact on the photovoltaic industry was not as serious as outside speculation
she further introduced that most orders of Trinasolar are settled in US dollars, with only a few orders in euros, but this part of the loss can be negotiated with the buyer and shared. Moreover, as early as July, the second financing of the company was successful, and the current cash flow is no problem. At the same time, Trinasolar has been trying to gradually reduce costs through the improvement of technology and process. Wu Hua said, "we have always done this when there is no financial crisis."
a few days ago, Peng Xiaofeng, chairman and CEO of Jiangxi LDK Solar Technology Co., Ltd., said that the company also did not have concerns about exchange rate losses. In order to avoid possible exchange rate risks, LDK focused more on the regulation and deployment of different currencies, "Our contracts are mainly priced in RMB and US dollars. Even goods in the European market are mostly priced in US dollars. About 30% of them are orders in RMB, 60% are US dollars, and the price in euro is only 10%. Moreover, this 10% can also be used in equipment procurement."
Peng Xiaofeng also said, "on the eve of the financial storm, LDK successfully issued additional shares on August 19, raising $200million."
CLP photovoltaic also has long planned. At the photovoltaic annual conference held in Changzhou in September, Zhao Jianhua, the company's chief technology officer, was asked why he did not connect the industrial chain like other enterprises. He told, "focusing on only one link is conducive to ensuring sufficient liquidity, which is of great importance to current photovoltaic enterprises."
sure enough, when the financial storm comes, working capital becomes the key to whether photovoltaic enterprises can tide over the difficulties and start a new round of large-scale production after the storm. Wang Runsheng, CEO of CLP photovoltaic, said recently that the company's current cash flow can ensure the normal operation in 2008 and 2009. Moreover, four new production lines of CLP PV will be put into operation as soon as December or January next year
for the current situation of slowing market demand, Shen Hui, the relevant head of CLP photovoltaic market department, believes that it is largely affected by the season. He told: "first of all, the fourth quarter is the traditional off-season for the sales of photovoltaic products. Because the cold weather is unfavorable for installation, the sales volume of BMW has generally joined the responsible cobalt initiative, which will be lower than that in the third quarter. Secondly, the price of silicon and components has been in a downward trend at present, and installers are waiting and waiting, and even some projects are suspended, hoping to buy the cheapest components and install them next year."
in fact, for some enterprises, the sudden attack of the financial storm also has major opportunities for development. Zhao Yuwen said, "after this baptism, the prospects of the photovoltaic industry will be better, and people will pay more attention to this industry."
Copyright © 2011 JIN SHI