Global layout of photovoltaic power station crystal self-rescue

Under the influence of photovoltaic “double reverse”, Jinko accelerated the pace of expanding into emerging markets in 2012 and expanded downstream industries. Photovoltaic leading enterprises have declined in 2012. Overseas listed companies have exceeded their total losses in the first three quarters of last year. Under the huge financial pressure and capacity bubble, major PV companies have adjusted their strategic directions, hoping to develop more profits. Channels, to share the losses caused by the main business. In the past few years, Jinko Energy, which has taken advantage of the rapid rise of local governments, is also looking for new opportunities. In the global layout of photovoltaic power plants, to seek the self-redemption of Jinko.

At the end of last year, the Jiaxing counterpart supported the construction of the largest investment project in Shaya County, the Shaya Crystal Technology Energy Co., Ltd. photovoltaic power generation project. The reporter learned that taking this Xinjiang project as an opportunity, the idea of ​​fully laying out the layout of the domestic power plant is also inextricably linked with the development direction of Jinko Energy. The responsibilities that will be borne by the Group are considered as the most opportunity to break through the entire industrial chain.

Jingke Layout Photovoltaic Power Station publicly available data shows that the total investment of the photovoltaic power generation project of Shaya Jingxin Technology Energy Co., Ltd. is planned to be 3 billion yuan. The construction of the project is divided into 10 phases. The construction scale of each phase is 20,000 kilowatts. After completion, the average annual power generation can reach 3065. Million kWh.

“This is the first attempt by the Jinko Group to transform itself from a pure PV manufacturing enterprise to an energy-based enterprise after the demonstration of a domestic photovoltaic project, to realize the full integration of the industrial chain, and to transfer to the high-value downstream business. It is not so much a transformation. It is better to say that we are implementing the established strategy at the beginning of our creation,” said Chen Kangping, CEO of Jinko Group.

Since 2011, the “Global Blocking of China's Photovoltaic Power” is like a “companion vs. zombies” in a real commercial battle. The just-rising Chinese PV industry is like a sunflower that relies on sunlight to gain energy. The “Double-Country” survey on Europe and the United States, which has raised China’s PV industry, is like a deadly “zombie”, which has caused a group of “sunflowers” ​​that have not yet become powerful to fall.... At that time, many PV companies in China suffered serious losses.

Under the influence of the “double reverse” of photovoltaics, Jinko accelerated the pace of expanding into emerging markets in 2012, and increased its efforts in developing markets such as South Africa, India, and Australia to mitigate the impact of trade frictions in the single market. In the past year, Jinko’s expansion into emerging markets has achieved unprecedented success, and sales to emerging markets are expected to increase by 20% year-on-year.

Ya Jingxin Technology & Energy Co., Ltd. Photovoltaic power generation project and the amorphous section in the country's only power station layout. The reporter was informed that in addition to Shaya, Jingke also won a 200 MW photovoltaic power generation project with a total investment of 2 billion yuan in Gansu at the end of last year, and is expected to be completed and connected to the grid in June 2013.

In order to complete the first step of this ambitious plan, on December 7, 2012, JinkoSolar announced that it has signed a strategic cooperation agreement with China Development Bank for a total financing of US$1 billion for JinkoSolar’s ​​construction of overseas PV power plants. M & A, EPC and project contracting and other financial cooperation.

Opportunities for cooperation with Xinjiang Xinjiang, on the margins, is at the moment when the photovoltaic industry in the Mainland enters the shuffling period, but it is fortunate to avoid the waves and sail in adversity. The Xinjiang Akesu City, which was aided by Zhejiang counterparts, just took over this wave of power plant investment.

According to reports, Yajingxin Science and Technology Energy Co., Ltd. photovoltaic power generation project is the largest industrial aid project implemented by Jiaxing since its counterpart reconstruction work. The project has received strong support from the Jiaxing City Government and the Shaya Government.

Chen Kangping told reporters that Jiaxing is an important solar energy industry base, and the superior light conditions and land resources conditions in Xinjiang Aksu are exactly what the photovoltaic industry needs. In order to encourage photovoltaic companies to invest in the local area, the Shayaya government also gives more favorable supportive policies and utilizes local solar energy resources for power generation.

“This project is of great significance to the entire Jinko Group and is a brave attempt by Jinko Group for energy projects. As a vertically integrated photovoltaic company, entering the downstream will effectively disperse its own risks and it will be an extension of the entire industry chain. It's not a blind bet," Chen Kangping said.

It is also considered to be a "good time" for low-cost investment in the construction of photovoltaic power plants. The reporter learned that two years ago the construction of a 20 MW photovoltaic power station had an investment of more than 300 million yuan. If the same power station were built at the current equipment price, 200 million yuan would be sufficient, and the investment cost could be reduced by one third. The original 16 yuan battery panel has recently dropped to 5 yuan to 6 yuan, for photovoltaic power companies like them, the lower the price of major equipment such as photovoltaic cells, means that the cost of building power plants is also lower. According to current national policies, the income from companies investing in solar power plants is also considerable.

At the same time, Chen Kangping denied that the company has turned its focus to domestic speculation. "If there is a suitable opportunity, we are equally willing to conduct investment in energy projects in overseas markets."

PV power station, a new round of investment bubble?

Crystal Division is by no means the only company to enter the construction of domestic photovoltaic power plants. In fact, many component companies have turned their sights to expanding their downstream industries—increase into the construction and operation of domestic photovoltaic power plants.

According to statistics, since March of last year, A-shares include Tuo Ri Xineng, Chao Ri Sun, Sunflower, Central (shares bar trading), Zhongli Science and Technology (Marketing Bar), etc. Photovoltaic module companies announced their entry into the field of domestic photovoltaic power plants. In addition, listed companies such as aerospace (bargaining bar bargaining point), Dunan environmental (bargaining bar bargaining point) and other listed companies have also disclosed their intention to invest in solar photovoltaic power stations.

Will this form a new round of investment bubbles? In response, Chen Kangping said that the investment direction of extending the vertical and vertical integrated industrial chain to decentralize risks has certainly become the choice of various domestic listed companies, but each project is on the subsidy price of lighting resources and electricity (quotations). Different, so the project recovery cycle and profitability are different, different companies have different considerations in the choice of photovoltaic projects, it can not simply use "follow the wind" to describe this phenomenon, but in different situations in different subjects different select.

Zhang Xiaoxia, an analyst with Guohai Securities, said that the operation of photovoltaic power plants has strong profitability due to barriers to power plant approval and grid connection. In the past year, the BT business model for photovoltaic power plants has emerged. From the “apply for approval-construction of power station-to-grid-to-network transfer and transfer”, the company has recovered investment and obtained a net profit margin of 8%-10% within a few months.

Although PV companies still have many problems in investing in power plants, such as difficulties in grid connection, changes in subsidy policies, and whether they are willing to take over, the company believes that as a photovoltaic power plant investor, Jing Ke believes that the business model for domestic power plant construction is worth trust because electricity is The purchaser is a grid company and its reputation is guaranteed.