"Weaving cloth rather than engage in a year for three years solar", which is a term for Zhejiang, is in fact said strong profit for photovoltaic industry. To countries supporting 7 new industry policy, as a member of 7 new industry, new energy industry also started good and healthy development, and PV industry as a member of the new energy industry, it is in rapid development in recent years.
Photovoltaic industry, conforms to the national industrial policy, itself has a large huge profits, capital, at once became the road "cuisine". In earlier Suntech went to the United States stimulated by listing successful financing of demonstration effect, domestic venture for PV companies investment is absolutely spare no effort. Foxconn has come, many listed companies also came.
Productivity combined 2GW of 2009 PV enterprise in Zhejiang Province, and ended the first half of this year has been to 8GW, time quadrupled in less than two years. In the international capital, under single and domestic private capital to invest heavily in, capacity of PV industry in China soared.
But when many VC as compulsory for Guy reveling in the photovoltaic industry investment success, solar companies have entered the "red flower without the hundred day" ice age, industry spread out black and Blue's PV industry into a venture "golden handcuffs". The golden handcuffs is due to the outbreak of PV capacity is greater than the demand in the first place.
Photovoltaic industry in this winter's black and blue for domestic venture once again put on a "golden handcuffs", so venture to taste the investment risks in emerging industries, however, take into account productivity advantages and development prospects of the domestic photovoltaic industry, I believe these VC compulsory guy is "pain and pleasure". Six months ago was highly capital favored scenery infinite's PV industry lost quite so disastrously, which has been an emphasis on the good and investment venture compulsory for guy and stuck and depressed.
Upon investigation, published by research firm Solarbuzz reports show that less than 1% per cent from the global photovoltaic market demand growth in the third quarter, according to the China new energy Chamber of Commerce estimates, 2011 PV solar panel production capacity will reach 35GW of the domestic market as a whole, but this year only 20GW global market demand. Oversupply leading polysilicon and solar cell too much inventory backlog, end is cut it directly. Silicon industry branch of China non-ferrous metals Association latest statistics show that by the end of October, domestic polysilicon manufacturers quote has fallen to 21.25 million Yuan/ton, latest bid was 160,000 yuan/ton, just within one month of decline to 30.1%. The industry is expected, by the end of November, full closure rate may reach 90% polysilicon enterprises nationwide.
Normally, new energy industry as one of 7 major new industries have no reason to lose support in the market so soon, if not also focus on the development of PV industry. Indeed, there is nothing wrong with the development of photovoltaic industry, now cut production situation can occur are mainly domestic photovoltaic industry development has been the continuation of a "two out" situation, outside a cough, domestic cold.
Development of PV industry in China's history is not long, the core technology has been held by international industry giants as well as transnational corporations, domestic production was mainly assembled. According to the stock market terminology, declines in domestic photovoltaic industry is facing a systemic risk, this risk is of course a PV capacity expansion factors too quickly, but mainly photovoltaic market supply and demand imbalance. In other words, venture capital, driven by photovoltaic capacity, PV technology and photovoltaic markets did not follow. Thus, venture compulsory for guys in order to successfully share a cup of soup from the PV industry and now want to do is to encourage the development of PV industry of core technologies and PV market, especially in the domestic market. More terrible is that domestic enterprises PV modules produced its main sales markets are Europe and in particular the European market. European country a few years ago on photovoltaic machine make a certain number of financial subsidies, so that these countries greater demand for PV modules, PV industry which has been rapid development. However, this year the European debt crisis, within a week from last week until this week, Greece and Italy two Prime Ministers since the debt crisis put on leave, subsidies for photovoltaic installation in European countries substantially reduced. At the same time, European and American markets suddenly waving a big stick of anti-dumping to China PV enterprise, which makes the degree of dependence on external up to 90% step by step into the plight of domestic photovoltaic industry.
Currently available PV installed capacity market is still in the market on the eve of the outbreak, according to the relevant media, 17 domestic provinces and cities also face severe power shortage this winter, especially coal shortages in the South. PV of each machine cost of electricity has fallen to 1 Yuan dynasty, photovoltaic power generation in the Sun is shining in the South already shows up and coal-fired power price advantage. If the domestic photovoltaic industry woes in time to launch financial subsidy policy, like European countries, I believe that now beset the domestic photovoltaic industry development of ice will melt, the domestic photovoltaic industry will usher in a second spring.
