Industrial dilemma reflected by the bankruptcy of

2022-07-25
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The bankruptcy of the largest photovoltaic enterprise in Europe reflects the industry dilemma

Abstract: Chinese photovoltaic enterprises have a very rational understanding of the industry prospect and their own level, and have gradually made clear the difficulties faced by the photovoltaic industry under the background of overcapacity. Fortunately, the Chinese photovoltaic market still has incomparable advantages over the European and American photovoltaic markets, so the Chinese photovoltaic market will not be impacted by the global photovoltaic industry reshuffle for the time being, Next year, we will continue to focus on expanding our product sales to all Asia Pacific regions, which is safe

Solarworld, the largest photovoltaic enterprise in Europe and the leader of the German solar energy industry, recently declared bankruptcy

as for the reasons for bankruptcy, his statement in the official court was quite simple, saying: "solarworldag manages the force measurement method: the load sensor force measurement Committee has made a lot of efforts, but unfortunately failed to rescue the company whose performance continues to decline. Now the company is heavily in debt and has to apply to the court for bankruptcy proceedings." But its founder and CEO, frank frank frank ˙ Asbeck's speech in public directly dumped the company that led to the bankruptcy of the hydraulic universal testing machine, which played an important role in the mechanical testing of building materials and metal materials, to Chinese enterprises. "The 'illegal low price dumping' of Chinese manufacturers led to the bankruptcy of the company," he said

however, the market institutions did not buy it. They pointed out that the average production cost of PV modules in the world was 0.34 euros per watt, while the production cost of solarworl PV modules reached 0.46 euros per watt, which was uncompetitive

in fact, the bankruptcy of Solarworld is just the tip of the iceberg. It is the global PV industry dilemma reflected by the successive bankruptcy of international solar companies in recent years that needs to be vigilant

excess capacity oversupply

"in recent years, the global photovoltaic industry has been in a recession. The standard that this equipment meets: even Chinese photovoltaic enterprises that have been 'criticized' by European and American enterprises have a hard time. You can go to see how much the share price of Chinese photovoltaic enterprises listed in the United States has fallen compared with the peak period of the industry." Shan Xiaohu, head of PricewaterhouseCoopers strategic consulting business for China's energy and utilities, told the international business daily

Shan Xiaohu and fenghaicheng, a new energy analyst at zhuochuang consulting, agreed that the current problem plaguing the global photovoltaic industry is serious overcapacity. Fenghaicheng told the international business daily that the background of global emission reduction and the policy support of various countries for the new energy industry have led to a large number of new projects in the photovoltaic industry. However, when enterprises follow the trend in the upstream and invest a lot, the downstream capacity digestion channel has not been broadened accordingly, and the supply and demand sides are unbalanced

Shan Xiaohu also said that the capacity digestion of the photovoltaic industry requires conditions, which requires both government policy and subsidy support, as well as parallel technical support. However, capital and funds are always concentrated in the upstream of the photovoltaic industry chain, and few people pay attention to the downstream of the more complex, longer cycle and limited return

in addition, fenghaicheng added that, in addition, the global economy has always been difficult to achieve comprehensive recovery after the crisis, enterprises have limited start-up, and industrial power demand is also difficult to increase, which further shrinks the power demand of the photovoltaic industry

according to the data, as of 2008, Germany is the leader of the global photovoltaic industry, with the world's largest market share. However, after 2008, as more and more countries began to launch photovoltaic projects, the German photovoltaic industry began to decline under the strong competition pattern. Since the end of 2013, the German solar industry has no more than 5000 jobs. The former global photovoltaic giant, the German photovoltaic industry, almost went bankrupt. In 2011, qcell, a leading German photovoltaic enterprise, declared bankruptcy and was acquired by Hanhua. After that, Solon, solar millennium, sovello, Conergy, odersun, etc. also successively declared bankruptcy. Bosch and Siemens sold or stopped their solar business. Solarworld, the only large surviving company, has also declared bankruptcy

the Chinese market is temporarily safe

since the capacity process is industry wide, is the development of Chinese photovoltaic enterprises safe? After all, by the end of 2016, the newly installed capacity of China's photovoltaic industry was considerable

the latest research report on investment in China's clean energy and technology industry in 2016 released by PwC pointed out that by the end of 2016, China's new installed capacity of photovoltaic power generation was 34.54 million KW, and the cumulative installed capacity was 77.42 million KW, ranking first in the world

in this regard, according to Shan Xiaohu's analysis, the obvious growth of China's new installed capacity of photovoltaic power generation in 2016 was mainly due to the rush for installation caused by the adjustment of the national policy on the benchmark electricity price and subsidies for photovoltaic power generation in that year, which was not the product of Chinese enterprises' enthusiastic investment

in fact, after years of development, fenghaicheng believes that Chinese photovoltaic enterprises have a very rational understanding of the industry prospect and their own level, and have gradually clarified the difficulties faced by the photovoltaic industry under the background of overcapacity. Fortunately, the Chinese photovoltaic market also has incomparable advantages over the European and American photovoltaic markets, so the Chinese photovoltaic market will not be impacted by the reshuffle of the global photovoltaic industry for the time being, and it is safe

Shan Xiaohu pointed out that the biggest advantage of China's photovoltaic market is that it can develop the installed capacity of distributed photovoltaic power generation, because China's industrial development prefers the industrial park and cluster mode, which is the best application mode of distributed photovoltaic power generation. Compared with traditional photovoltaic power stations, distributed photovoltaic power generation has small installed investment and fast return, which is very helpful for photovoltaic enterprises to maintain a smooth capital chain

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