Abstract Although there are many highlights in the 12th Five-Year Plan for Energy Development, one of the most eye-catching highlights may be “promoting the merger and reorganization of photovoltaic industry and optimizing and upgradingâ€. Industry experts mean...
Although there are many highlights in the 12th Five-Year Plan for Energy Development, one of the most eye-catching highlights may be “promoting the merger, reorganization, and optimization of the PV industryâ€. Industry experts pointed out that the relevant decision-making departments have already issued a series of photovoltaic “saving the market†policies. However, in addition to the multiple measures to start the terminal market demand, promoting industry mergers and acquisitions is also an important focus of the policy. According to the China Securities Journal reporter, some leading PV companies in China have already communicated with relevant decision-making departments on industrial integration issues. In the future, the key words of domestic PV manufacturing industry will be “merger and reorganizationâ€. The industry generally expects the integration of the photovoltaic industry. The tide will be concentrated in this year. In the process, enterprises with incompetent technology and excessive debt burden may become the object of bankruptcy reorganization, and enterprises with core competitiveness will become bigger and stronger.
In September last year, the National Energy Administration issued the "Twelfth Five-Year Plan for Solar Power Development", which clearly stated that in the future, the state will support key enterprises to master core technologies, enhance their core competitiveness, and strictly enforce the threshold for entry into the manufacturing market. According to the "12th Five-Year Plan" for the development of solar power technology in the Ministry of Science and Technology last April, during the "Twelfth Five-Year Plan" period, a photovoltaic enterprise with annual sales income of over 100 billion yuan will be formed, 3-5 years. Photovoltaic enterprises with sales revenue of over 50 billion yuan, 3-4 photovoltaic special equipment enterprises with annual sales income of over 1 billion yuan.
Market analysts pointed out that the pace of “survival of the fittest†in the photovoltaic manufacturing industry and the comprehensive integration period are gradually approaching, which will undoubtedly benefit the leading enterprises. On the one hand, it can be bigger and stronger through mergers and acquisitions. On the other hand, it can gradually Say goodbye to the prolonged price war, and instead focus on technology research and development, technological progress and cost reduction will push domestic photovoltaic power generation into the era of “parity onlineâ€.
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