REC Silicon will restart by FBR polysilicon production

Polaris solar PV net news: Norway poly REC Silicon released first-quarter earnings, and reset them in the second quarter of FBR solar grade silicon production line. Postpartum, FBR method cash cost can be reduced to a maximum of $ 10 per kg.

REC Silicon’s first-quarter revenue to 68.8 million (us $, the same below), compared with 74.9 million for the preceding quarter. EBITDA was 29.6 million in the fourth quarter of last year, down from 13.4 million Yuan. First quarter, REC Silicon poly silicon productions to 1,937 tons, finished goods inventory by 1,925 tonnes. REC Silicon expect finished goods inventories in the second quarter will continue to decrease, and polysilicon production is expected to increase to 2,020 tonnes.

Meanwhile, REC Silicon solar grade polysilicon products the average selling price in the first quarter than in the previous quarter to 6%. However, FBR method cash cost of production decreased to 24.8 yuan per kg, the main reason was in the United States city of Moses Lake (Moses Lake) factories.

Restarting the production line, REC Silicon expressed before the end of May and will restart SI methane wire (Silane IIIunit) and half its FBR production line capacity; by June will restart four SI methane lines, and FBR full capacity of the production line. 2016 is expected to total 14,730 metric tons of annual production, in which FBR Act 11,770 tonnes of annual production.

REC Silicon’s CEO Tore Torvund said, during the plant in the Park plant in Moses Lake City made the necessary repairs in May or June, FBR restart production lines, SI methane in succession after three or four lines, are operational and sustainable within the next two years. In addition, comprehensive postpartum in the third quarter, through the FBR polysilicon production, low cash cost nearly US $ 10/kg; on average, FBR cash costs are expected in the second quarter to 24 Yuan per kg, in 2016 is expected to be further reduced to 13.2 Yuan.

Meanwhile, REC Silicon and gradually reduce its reliance on the Chinese market, raising market outside of China (as Taiwan) exports.

, Solar trade war between the United States and United States still 21~90% on Chinese crystalline silicon solar module’s double tax, China on United States imports of polycrystalline silicon with the highest rate of 57%. According to RECSilicon understanding of United States markets for the ITC (investment tax credits) extended and increased demand for solar panels; in contrast, China’s polysilicon manufacturers are still producing state-wide. China’s Ministry of Commerce and the United States trade representative in negotiations to trade relations.

REC Silicon, also announced new capacity planning. Yulin, China Nonferrous metals group in joint venture with China’s polysilicon plant capacity is expected to include: 19,000 metric tons of polysilicon small chips (FBR-B next-gen technology), 300 tonnes of the Siemens process polysilicon, 500 metric tons of methane gas. The plant is expected in 2017 and put into production in the second half, REC capital investments this year for $ 15 million.

Original title: REC Silicon will restart by FBR polysilicon production

Renewable energy new deal floor test adjust the existing benefit structure

Polaris solar PV net news: renewable power problem unsolved for last year has further deteriorated, escort policies with the introduction of the series.

On April 22, the National Energy Board issued a new document to build a coal-fired thermal power unit in non-aqueous renewable energy quota system, power grid, power generation companies, industry bodies for comments. “Opinions” imposes on 2020, coal-fired power plants renewable energy quota ratio and thermal power generating capacity should reach more than 15%. Not up to the goal, you want to cancel the power plant electricity generation license.

On March 3 on the establishment of the National Energy Board renewable goals guide the guidance system of the same strain, are based on foreign experiences with policy means of coercion, for power plants, power grid Corporation, the local Government set targets for renewable energy development, so as to ensure the development of renewable energy.

March is another blockbuster files released by the national development and Reform Commission guaranteeing the purchasing management of the renewable energy power generation in full (hereinafter the “approach”). In the implementation of the renewable energy sources Act “full purchase of renewable energy” requirements, defines the implementation of full purchase method and determine liability.

Starting from 2010, renewable power is of a retired nature, and after 2012 have eased, but in the last year, power and further deterioration.

In wind power, for example. 2012 is the worst year in wind power. National abandoned the wind average at 17%, lost power about 20 billion-kilowatt. Abandon wind issues become the focus of attention after problems eased in 2014, abandoned the wind average ratio fell to 10%. But in 2015, power deteriorated again, abandoned the wind average nationwide ratio rose to 15%, due to the rapid growth in installed capacity, loss when the charge reaches the 33.9 billion-kilowatt, is the highest ever.

Many industry insiders say, recently released a series of policy breakthrough, on renewable energy development is a major plus. Question is whether and how to implement it.

China’s energy industry is entering a new phase, slowing growth in energy consumption, energy supply is still maintaining fast growth last year, China’s energy consumption grew by only 0.9%, is close to its lowest level in more than 10 years. Specific to the field of electric power, 2015 total electricity consumption rose 0.5%, electricity installed capacity has continued to maintain rapid growth, 2015-generating capacity rose 10.5%.

Not only wind up wind, PV limit light is also deteriorating, even nuclear power utilization hours also declined. Power is the largest proportion of thermal power in China, in 2015, China power equipment utilization hours 4,329 hour, up by 410 hours, for the lowest since 1978.

Cake of power demand is limited, but more of a cake. Some parts of the distribution system, and further away renewable energy goal of full Internet access.

A case study of Gansu, Gansu electric power installed capacity than local demand, the Gansu province capital allocation of power + power mode. Base charge approved for the implementation of the national electricity prices, power trade directly through auction, the lowest bidder. A new energy sources, compared with 2014, they turned in the electricity power several times, but the overall generating capacity was basically flat with last year, because power is zero-tariff deal, more serious enterprise losses.

A number of industry sources, in a number of big coal province, in the underlying distribution of electricity, thermal power generating capacity becomes the preferred option, the logic behind it is to keep thermal power generating capacity can boost coal consumption, alleviate the predicament of the coal industry.

Renewable energy to dissolve another way across the province, across the region delivered. But according to the CCTV report, plans from the grid network in Gansu province, renewable energy drive, Hunan. Alien was not Hunan first choice however, priority in this province, Hunan province, hydropower, thermal power, and so on. Hunan is not the exception, in the context of the slowdown in electricity demand, power delivery how much space, electric districts to how willing? Remains to be seen.

If the recent renewable energy policy strictly enforced, will adjust the existing benefit structure. For example, because of in-place to dissolve space is limited, which means that non-renewable energy, such as thermal power plants, must be further reduced hours, local governments also need to put up with industrial electricity costs rise, it is not an easy task.

Qin Haiyan China Wind Energy Association Secretary-General on this proposal, from a long-term perspective with reference to foreign experience, renewable power, can be solved by establishing a fair electricity market. “Renewable low marginal operating costs can be zero price quotes, yields on Government subsidies to ensure that investors. ”

Original title: renewable energy new deal floor test

Turkey tightening domestic license free PV project management

Polaris solar PV net news: Turkey PV capacity is expected at the beginning of 2017 up to 1GW of mark, the country only in 2014 still to 40MW. The past, Turkey capacity less than 1MW PV project policy regulatory loopholes exist, thus the country’s solar energy market in the free license under the appearance of less than 1MW PV projects. Recently, Turkey has been changes in the policy framework of the Government, control less than 1MW small volume niche growth spurts. Bloomberg new energy finance has analysis to understand Turkey Government policy changes will achieve their desired results.

According to new rules released in March, enterprises under each substation and its affiliates shall not have more than 1MW of installed capacity of solar energy. The new rules also limit the capacity of power plants shall not exceed the associated electrical unit connection capacity of 30 times, and banned the sale of power plants not yet built.

These changes can be prevented investors from licensing PV projects circumvent the licensing process and to stop speculators seize the resale profit quota.

At present, Turkey still has enough of the market has been granted free licensing program may continue to support the development of the niche within the next few years, the new rules do not affect this part of the volume. However, the new rules will increase the cost of development, so we reduced the number of licensed projects in the future.

In this way, licensing program may be only in the short term to promote Turkey solar market growth. Turkey strongly hopes that the Government will transfer solar energy-related business activities in the country to be able to license niche. In this area have sold in 2013 580MW, but these projects have not yet begun to run.

In our view, license-free items once you have been given permission to begin online, licensing program segments will usher in more commercial activities after 2018. Turkey announced that the next round of auctions of the year, developers and investors should stay tuned. Lessons learned based on the last round of auctions, Turkey on the auction’s bidding rules and selection criteria also made a number of changes.

Data

Turkey PV installed capacity goal for the year 2023 5GW installed capacity is currently available for 318MW.

Up to the end of March 2016, Turkey from licensed projects with a total capacity of 5.2GW.

By March 2016 2.9GW for approved projects.


Turkey tightening domestic license-free PV project management

Original title: Turkey tightening domestic license-free PV project management

In Hunan Hubei Sichuan Ding Cheng proposed 1 8 billion merger into PV asset

Polaris solar PV net news: *ST cloud network (Hunan, Hubei) the evening of April 28 announcement, the company intends to 5.15 yuan per unit price, issuing shares to purchase Wuxi sanitation, Sichuan Ding 100% owned by Ningbo jinneng estimated transaction costs about 1.8 billion yuan.

Meanwhile, *ST network (Hunan, Hubei) intends to 5.15 yuan per unit price, thaw, long letters to the great wall Fund and natural land and town forests non-public offering of shares to raise matching funds up to 1.339 billion yuan. To raise funds after deducting the cost of issue, mainly used for PV power station project investment and construction, additional listed companies and is the subject of the liquidity of the company and pay the agency fee.

Sichuan Ding into estimates of 1.4 billion yuan, net book value as at the valuation date as 48.58 million Yuan, the multiplier is about 2792.11%. Valuation Sichuan Ding future replenishment payments were received into 4, therefore estimated the transaction price was approximately 1.8 billion yuan.

Ding Cheng in Sichuan was founded in February 2015, mainly engaged in investment in solar photovoltaic power plant development and construction, has a solar photovoltaic power plant survey and design, construction and other business qualification and capacity, has a sound engineering quality control system, good ability of EPC general contractor, has completed the Xinjiang’s toksun, Xinjiang hejing, Xinjiang tiemenguan and other PV investment development project.

*ST network (Hunan, Hubei) introduction, Sichuan Ding to a photovoltaic power plant development and construction business belongs to the PV industry chain downstream links, directly facing the PV industry chain end customers. Since its inception, Ding has completed approximately 100MW PV power station in Sichuan turnkey construction projects. 2016 1 March, Sichuan tripod to achieve net profits attributable to shareholders of the parent company of 53.0615 million Yuan (data-unaudited), strong profitability.

Counterparty commitments, Ding 2016-2018, Sichuan achieved net profit of not less than 200 million Yuan, 270 million, 350 million Yuan, a total not less than 820 million Yuan.

*ST network (Hunan, Hubei) that through the deal, while retaining the company’s existing catering business at the same time, placing strong profitability and development prospects of solar assets, helps to improve the company’s operating condition, profitability will be promoted.

After the transaction is complete, company is the largest shareholder Mong kai’s stake to 12.88%. Subscribed long letter to raise funds funds consistent with the melting of the great wall action, after a successful fundraising, which totals *ST 17.74% stake in the cloud network will be held. Mong kai, Wang Yuhao, Chairman of the company and the great wall into agreement, on the great wall into the share transfer is completed, Mong kai will delegate to the great wall into exercise of its rights. Wall melting and their concerted action will control the *ST cloud network totals 30.62% shares voting, becoming the company’s new controlling shareholder, actual control of the company will be changed to the China Great Wall asset management Corporation.

In addition, the counterparty of Wuxi sanitation-Bian Qiaofeng controls company, Ningbo Jiang Qian Bian Qiaofeng daughter-in-law of jinneng actual control of enterprises, Wuxi environmental sanitation and kin through the deal together holding *ST the cloud network (Hunan, Hubei) 12.4% shares.

*ST cloud network continued during the suspension.

Original title: *ST from net to be 1.8 billion acquisition of Sichuan Ding into placing PV asset class

Double anti European solar grade polysilicon Commerce for final review survey

Polaris solar PV net news: “countervailing duty”

“Publish” People’s Republic of China’s Ministry of Commerce

“Publication number” 2016 of 14th

“Date published” 2016-4-29

On October 9, 2015, the Ministry of Commerce issued bulletin 2015 40th, announced a levy on imports originating in the European Union solar grade polysilicon imposition of countervailing measures will expire on April 30, 2016. According to the People’s Republic of China anti-subsidy regulations, termination of countervailing duty established by the review may lead to subsidies and damage continue or recur, the period for the levy of the countervailing duty may be appropriately extended. From the date of the announcement, or on behalf of the domestic industry the domestic industry of natural persons, legal persons or the Organization 60 days before expiration of the countervailing measures, applied in written form to the Ministry of Commerce for final review.

On February 29, 2016, the Ministry of Commerce received Jiangsu silicon technology development co, LDK LDK Solar Silicon technology, Luoyang Zhonggui high-tech Ltd and Chongqing daqo new energy limited on behalf of China solar grade polysilicon industry applications for formal submission of final review of countervailing measures. The applicant claims, and if termination of countervailing measures, subsidies originating in the European Union’s imported solar grade poly silicon is likely to continue or recur, caused damage to China’s domestic industry is likely to continue or recur, request MOFCOM ruled maintained for imports originating in the European Union solar grade polysilicon imposition of countervailing measures.

Pursuant to the People’s Republic of China anti-subsidy regulations relevant provisions, the Ministry of Commerce on eligibility, the product under investigation and similar products in China, countervailing measures during the implementation of imports of the product under investigation, subsidy likely to continue or to recur, damage continued or the possibility of recurrence and related reviewed the evidence. Available evidence shows that the applicant meets the People’s Republic of China anti-subsidy regulations section 11th, 13th and 17th on the industry and provides for industry representative is eligible to submit an application on behalf of China solar grade polysilicon industry. Investigating authorities believe that the applicant’s claim and the prima facie evidence submitted in line with final review filing requirements.

According to the People’s Republic of China 47th anti-subsidy Ordinance provides that the Department of Commerce decision from May 1, 2016, originating in the European Union’s imported solar grade silicon, the final review of the countervailing measures applicable investigation. Related matters are hereby announced as follows:

One, continue to the application of countervailing measures

According to the Ministry of Commerce suggested that the customs tariff Commission of the State Council decided that the final review of countervailing investigations during, for imports originating in the European Union solar grade polysilicon continued, according to the Commerce Department in 2014 the 26th announcement of tax base and form the application of countervailing measures.

Second, the review investigation period

The review investigation period is from January 1, 2015 to December 31, 2015, industry injury investigation period is from January 1, 2013 to December 31, 2015.

Third, the investigation review product range

This review surveys the range of products originating in the European Union’s imported solar grade polysilicon countervailing measures the scope of product, and Commerce Department bulletin 2014 26th countervailing measures the scope of product line.

Four, review content

The content of this review investigation, if you put an end to imports originating in the European Union solar grade polysilicon imposition of countervailing measures, may lead to subsidies and the continuation or recurrence of injury.

In this review investigation by Ministry of Commerce may investigate other subsidies that may be discovered.

Five, participants registration

Stakeholders and the interested country (region) to be within 20 days from the date of the beginning of this investigation, to register with the Ministry of commerce trade remedy Investigations Bureau participating in this final review of countervailing investigations. Participation of stakeholders and interested country (region), the reference format should be in accordance with the registration of the participants provide basic information, subsidies to China during the investigation period exports or imports of the product under investigation in the case number and amount, production number and amount, and sell the same products, and associated explanatory material. Reference format of the registration of the participants on the Ministry Web site trade remedy investigations up Web site (http://TRB.MOFCOM.gov.CN) to download.

Stakeholders referred to in this notice are the People’s Republic of China article 19th of anti-subsidy Ordinance individuals, organizations and Governments.

Six, read public information

Stakeholders and the interested country (region), available on the above website download or to the Department of commerce trade remedy information inspection room (Tel: 0086-10-65197878) to find, read, copy and copy non-confidential texts of the applications submitted by the applicant in the present case. During the investigation, stakeholders and interested country (region), available through the aforementioned Web site publicly available information of the case, or to the Department of commerce trade remedy information inspection room to find cases, reading, transcribing and copying public information.

Seven, for filing comments

Stakeholders and the interested country (region) Government survey of the range of products and product categories, eligibility, surveyed areas and other related issues such as the need to comment may, within 20 days from the date of this announcement will submit written comments to the Department of commerce trade remedy Investigations Bureau.

Eight, survey

According to the People’s Republic of China anti-subsidy Ordinance provisions of 20th, MOFCOM may questionnaire, sampling, hearings, on-site verification, to relevant stakeholders and interested country (region) informed, to investigate.

Information necessary for access to the investigation of the case, the Ministry of Commerce participants registration deadline stipulated in this notice usually within 10 working days from the date of registration in responding foreign exporter or producer, the exporting country (region) Government, the domestic producer and importer questionnaires. Registration of participants stakeholders and interested country (region) can also be downloaded from the above website questionnaire.

Not making an inventory of other stakeholders and interested country (region) can be downloaded directly from the aforementioned website, or obtained from the Ministry of commerce trade remedy Investigations Bureau above questionnaire and fill as required.

Stakeholders and the interested country (region) within the specified time for the Government to submit complete and accurate answer. Respondents should include all the information required by the questionnaire.

Nine, submission and processing of confidential information

Stakeholders and the interested country (region) of Government information, such as confidential to the Ministry of Commerce, may make a request to the Ministry of Commerce to confidential treatment of the information requested and justified. Department of Commerce agreed to their request, apply for private stakeholders and the interested country (region) Government shall provide a non-confidential summary of the confidential information. Meaningful non-confidential summary shall contain sufficient information to enable other stakeholders and interested country (region), reasonable understanding of this confidential information. Non-confidential summary cannot be provided, reasons shall be given. As stakeholders and the interested country (region) submitted information does not indicate the need for confidentiality in Government, the Commerce Department will consider this information for public information.

Ten, consequences of non-cooperation

According to the People’s Republic of China 21st anti-subsidy Ordinance provides that Commerce Department survey was conducted, stakeholders and interested country (region) shall faithfully reflect the situation, provide the relevant information. Stakeholders and the interested country (region) does not accurately reflect the situation, provide relevant information, or does not provide the necessary information within a reasonable time, or otherwise seriously prejudice the investigation, commerce can have to get the facts and the best available information to make decisions.

Plenary, investigation period

Since May 1, 2016, the survey, completed on April 30, 2017.

12, the Ministry of Commerce contact

Import Survey Department of commerce trade remedy Investigations Bureau

Address: 2nd East Chang an avenue, Beijing, China

Post code: 100731

Contact: Zheng Jiang to rule

Phone: 86-10-65198076

Fax: 86-10-65198172

Annex: EU polysilicon countervailing duty final review on the registration form. doc

Polysilicon final review on the application of the European Union (public) … PDF

Polysilicon-final review on applications of the European Union-annex (public) … PDF

“Anti-dumping”

“Publish” People’s Republic of China’s Ministry of Commerce

“Publication number” 2016 of 16th

“Date published” 2016-4-29

On October 9, 2015, the Ministry of Commerce issued bulletin 2015 40th, announced a levy on imports originating in the European Union solar grade poly silicon implementation of anti-dumping measures expired on April 30, 2016. According to the People’s Republic of China anti-dumping regulations, and terminated the anti-dumping tax established by the review may lead to dumping and injury to continue or recur, levy of anti-dumping duty period may be extended appropriately. From the date of the announcement, or on behalf of the domestic industry the domestic industry of natural persons, legal persons or organizations in anti-dumping measures is due 60 days prior to the date, in writing, to the Ministry of Commerce applied for final review.

On February 29, 2016, the Ministry of Commerce received Jiangsu silicon technology development co, LDK LDK Solar Silicon technology, Luoyang Zhonggui high-tech Ltd and Chongqing daqo new energy limited on behalf of China solar grade polysilicon industry formally submitted applications for final review of anti-dumping measures. The applicant claims, and if termination of anti-dumping measures, imports originating in the European Union to China solar grade polysilicon dumping is likely to continue or recur, caused damage to China’s domestic industry is likely to continue or recur, request MOFCOM ruled maintained for imports originating in the European Union solar grade poly silicon implementation of anti-dumping measures.

According to the People’s Republic of China anti-dumping regulations relevant provisions, the Ministry of Commerce on eligibility, the product under investigation and similar products in China during the implementation of measures to imports of the product under investigation, anti-dumping, likelihood of continuation or recurrence of dumping, damage continued or the possibility of recurrence and related reviewed the evidence. Available evidence shows that the applicant meets the People’s Republic of China anti-dumping regulations section 11th, 13th and 17th on the industry and provides for industry representative is eligible to submit an application on behalf of China solar grade polysilicon industry. Investigating authorities believe that the applicant’s claim and the prima facie evidence submitted in line with final review filing requirements.

According to the People’s Republic of China anti-dumping regulations article 48th, the Ministry of Commerce decided on May 1, 2016, for imports originating in the European Union applicable to solar grade poly silicon final review investigation of the anti-dumping measures. Related matters are hereby announced as follows:

One, continue to implement anti-dumping measures

According to the Ministry of Commerce suggested that the customs tariff Commission of the State Council decided that the final review of anti-dumping investigation, the imports originating in the European Union solar grade silicon to continue its Ministry of Commerce 2014 25th announcement, the scope of and measures to implement anti-dumping measures.

Second, the review investigation period

This review of the dumping period of investigation is January 1, 2015 to December 31, 2015, the industry injury investigation period is from January 1, 2013 to December 31, 2015.

Third, the investigation review product range

This review surveys the range of products is imported solar grade poly silicon originating in EU anti-dumping measures applicable to the product range, and Commerce Department bulletin 2014 25th anti-dumping measures applicable to the product range.

Four, review content

The content of this review investigation, if you put an end to imports originating in the European Union solar grade poly silicon implementation of anti-dumping measures is likely to result in the continuation or recurrence of dumping and injury.

Five, participants registration

Stakeholders can be within 20 days from the date of the beginning of this investigation, to register with the Ministry of commerce trade remedy Investigations Bureau participating in this final review of anti-dumping investigations. Stakeholders participating in the survey should be based on the registration in the survey reference format provides basic information to China, dumping investigation period exports or imports of the product under investigation in the case number and amount, production number and amount, and sell the same products, and associated explanatory material. Reference format of the registration of the participants on the Ministry Web site trade remedy investigations up Web site (http://TRB.MOFCOM.gov.CN) to download.

Stakeholders referred to in this notice are the People’s Republic of China anti-dumping regulations article 19th of individuals and organizations.

Six, read public information

Stakeholders are available on the above website to download or to the Department of commerce trade remedy information inspection room (Tel: 0086-10-65197878) to find, read, copy and copy non-confidential texts of the applications submitted by the applicant in the present case. During the investigation, interested parties can be exposed through the aforementioned website access to case information, or to the Department of commerce trade remedy information inspection room to find cases, reading, transcribing and copying public information.

Seven, for filing comments

Stakeholders on the survey’s scope of products and product categories, eligibility, surveyed areas and other related issues such as the need to comment may, within 20 days from the date of this announcement will submit written comments to the Department of commerce trade remedy Investigations Bureau.

Eight, survey

According to the People’s Republic of China anti-dumping Ordinance provisions of 20th, MOFCOM may questionnaire, sampling, hearings, on-site verification, to relevant stakeholders to understand the situation, to investigate.

For the investigation of the case and the information they need, the Ministry of Commerce participants registration deadline stipulated in this notice usually within 10 working days from the date of registration in responding to foreign exporters or producers, domestic producer and importer questionnaires. Stakeholders participating in the survey questionnaire can also be downloaded from the above website.

Other stakeholders not making an inventory can be downloaded directly from the aforementioned website, or obtained from the Ministry of commerce trade remedy Investigations Bureau above questionnaire and fill as required.

All companies should submit complete and accurate answers in the time allotted. Respondents should include all the information required by the questionnaire.

Nine, submission and processing of confidential information

Interested commerce information submitted as confidential, confidentiality of information processing may be made to the Ministry of Commerce’s request and justification. Department of Commerce agreed to their request, apply for confidentiality of stakeholders shall also provide a non-confidential summary of the confidential information. Non-confidential summary shall contain sufficient meaningful information, confidential information so that other interested parties can have a reasonable understanding of. Non-confidential summary cannot be provided, reasons shall be given. If stakeholders submitted information does not indicate the need for confidentiality, the Ministry will consider this information for public information.

Ten, consequences of non-cooperation

According to the People’s Republic of China article 21st of the anti-dumping provisions, Commerce Department Survey, the interested party shall faithfully reflect the situation, provide the relevant information. Stakeholders do not accurately reflect the situation, provide relevant information, or does not provide the necessary information within a reasonable time, or otherwise seriously prejudice the investigation, commerce can have to get the facts and the best available information to make decisions.

Plenary, investigation period

Since May 1, 2016, the survey, completed on April 30, 2017.

12, the Ministry of Commerce contact

Import Survey Department of commerce trade remedy Investigations Bureau

Address: 2nd East Chang an avenue, Beijing, China

Post code: 100731

Contact: Zheng Jiang to rule

Phone: 86-10-65198076

Fax: 86-10-65198172

Original title: on imports originating in the European Union solar grade polysilicon countervailing measures applied by the final review on investigation of announcements

Tong Wei stock by the Shanghai Stock Exchange inquiries focus on proposed acquisition

Polaris solar PV net news: planning to incorporate nearly 5 billion yuan today announcements by the PV tongwei stakes in assets owned by shareholders received a letter of inquiry in the SSE, letter of inquiry focused on the underlying asset valuation issues, and be concerned about the prospect of the photovoltaic industry.

Back announcement, Tong Wei shares on April 16 disclosure of draft, plans to 10.92 Yuan per share to issue shares, acquired the controlling shareholder through Hefei tongwei 100% owned by group, the acquisition price of 4.984 billion yuan. Tongwei shares supporting also plans to raise 3 billion yuan for the Hefei tongwei II 2.3GW high efficient crystalline silicon solar cell projects and supplement working capital.

It was revealed, Hefei tongwei mainly engaged in crystal silicon solar cell and components of the development, production and sales operations, and by the end of 2015, Hefei tongwei total 4.048 billion yuan of assets, owners ‘ equity total of 801 million Yuan. And according to the assessment, Hefei tongwei 100% equity value of 4.984 billion yuan, revaluation rate is 521.94%.

For this acquisition, letter of inquiry at the outset concerns the proposed valuation of the acquired assets.

Draft disclosure tongwei group in September 2013 auction made before consolidation of Hefei tongwei 100% stake in Hefei tongwei valuation was 326 million Yuan (asset based approach), the final sale price to 870 million Yuan. Subsequently, prior to this acquisition, tongwei group and its solar cell integrates assets, Tong Wei solar, Hefei, Anhui tongwei 100% transfer to the tongwei.

Letter of inquiry requires listed companies to combine integration in Hefei before the power business and financial status, specify Hefei tongwei disregarding tongwei solar and Anhui after Tong Wei’s latest valuation when and September 2013 tongwei group differences in prices and reasonable.

Meanwhile, regulators noted that the underlying assets the main profit sources for c-SI solar cell sales, but c-SI solar cell prices drop nearly two years, company has been the subject of expanding capacity. Profit commitments, tongwei group commitment to Hefei tongwei 2016-2018 in net profit respectively, no less than 395 million Yuan, 608 million and 769 million Yuan.

This requires additional disclosure of Hefei in the SSE tongwei main product gross margins, projected future sales, as well as the rationality of the expanded capacity in the declining price trend, and prompted risk. Hefei tongwei link purchase, inquiry letters requesting supplementary information related-party transaction prices of the fair sex.

In addition, the information disclosure of listed companies in Shanghai Stock Exchange is also concerned that consistency.

The end of January this year, Tong Wei shares previous reorganization approved in the reorganization mentioned in the revised version of the report, controlling shareholder commitments in tongwei solar (now with Hefei tongwei integration), improved asset quality, profitability, and is conducive to enhancing earnings per share financial index of listed company under start tongwei solar stake into listed companies. Tongwei shares and suggests the promise of performance risks, including Hefei tongwei legacy of debt and lawsuits failed to solve, Hefei tongwei production plant of the certificates of title to housing in a relatively short time.

Subsequently, Tong Wei shares this year on February 4 for stock suspension plans recombination.

In this regard, Shanghai Stock Exchange require listed companies to supplement the disclosure of the foregoing commitments tongwei solar energy and its subsidiaries asset quality, profitability has been significantly improved, Hefei tongwei historical debts and lawsuits and resolve how; requires companies to verify whether the above information disclosure and inconsistent conditions.

Original title: Tong Wei shares inquiry: to buy surge in asset valuations are reasonable

Polaris solar network on April 28 2016 news review

Polaris solar PV net news: Polaris solar PV NET summary April 28 news, PV development requires more financial Guide, Department of energy, “big move”: power who will take on renewable 15% who will cry laughing? Xinjiang new energy and coal-fired power plant peak alternative trading rules, as follows:

PV development needs more financial Guide

Department of energy “big move”: power who will take on renewable 15% who will cry laughing?

Xinjiang new energy and coal-fired power plant peak alternative trading rules

Jiangsu Taizhou views on further promoting the healthy development of the photovoltaic industry alerts

Sumin vote will soon set up a registered capital of RMB 8.6 billion

Firepower: PV industry in jiaxing spring unlimited “roof economy”

Wang Taiwan enterprises in Datong, Guangzhou runjiah the joint development of the subsidence area of solar power plants

Sharp intends to lay off or peel 1000 solar business

Elections have little effect on American renewable energy policy

“Duck-shaped curve” improvements: “water, heat and ice” to absorb stored solar power

2016 the world’s new solar energy capacity of about 66.7GW

BNEF: United Kingdom off Europe’s impact on clean energy development

Downstream of polysilicon soaring, continued falling wafer sandwich

Japan PV demand Panasonic solar closes a 270MW battery plant

Polaris solar PV net news: Panasonic releases 2016 fiscal year financial results yesterday, reporting their Eco Solutions business dropped 3% dropped to 1.61 trillion yen (about 14.8 billion US dollars). In addition, the Division’s profit fell to 78.4 billion yen, or 18%, profit margins of only 5%.

Panasonic said decline was mainly due to Japan sales decline for residential solar photovoltaic systems. According to Japan-related media reports, due to market demand lagged, the company shut down its Japan a 270MW photovoltaic plant.

Panasonic heterojunction design for residential and small business market to provide efficient PV modules. And Panasonic are not the only company reported Japan market decline, Kyocera reported this week its PV module Business Division revenue fell.

A year ago, Japan will be less than 10kW of electricity price per kWh subsidy cut to 33 yen (US $ 0.31), Peel under 11%. Although compared to other countries, this level is still high, but Japan’s system of high costs.

Japan solar PV Association (JPEA) found that in 2015, after the peak in the first three months, Japan quarterly decline in shipments of photovoltaic cells and modules.

Panasonic car and battery storage business investment in the future growth of auto and industrial sectors affecting the performance of the system. In cooperation with Tesla and Panasonic NV-building the world’s largest lithium-ion battery manufacturing plant, originally scheduled for early this year. (/Tina translation)

Original title: Japan PV demand Panasonic solar sales

2016 global solar PV market is expected to reach 242GW

Polaris solar PV net news: according to the monitoring of the global PV 2016-2020: market trends and leading companies display, PV monitoring situation is undergoing great changes, the PV to be integrated into the wider software ecosystem, additional monitoring and network security requirements, facing challenges from energy management market.


2016 global solar PV market is expected to reach 242GW

The Asia-Pacific region will occupy the global PV market 56% of the total, followed by the North American market accounted for more than 27%.

Asia-Pacific China large utility-grade solar industry and Japan tariff subsidies supporting solar market, 56% of the total global PV market. Will become the second largest market in North America, 27% per cent, followed by Europe, Middle East, North Africa and Latin America.

Monitor manufacturers in the geographical and business models are different. That these suppliers can be divided into three categories: independent software vendor (ISV), power electronics, and solar energy companies and raw materials. In the global top ten enterprises, one of six companies are independent software vendors, both for power electronics manufacturers, there are two solar energy companies and raw materials.

In 2016, significant merger and acquisition activity

In 2015, the market experienced significant merger and acquisition activity, including BKW purchase Solar-Log,meteocontrol purchase iTerra,Genscape purchase United States residential PV monitoring market leader Locusenergy.

The report noted that in 2016, similar activity in the photovoltaic market is likely. In fact, Solarrus has just announced the acquisition of PowerFactors this month.

In 2020, the GTM Research and SoliChamba Consulting projects global PV market will more than 5.24 million-kilowatt. (/Tina translation)

Original title: 2016 global solar PV market is expected to reach 242GW

Yingli to United States SEC applications submitted late 2015 results

Polaris solar PV net news: the night of April 28, Beijing time, Bloomberg said, Yingli Green energy to the United States Securities and Exchange Commission (SEC) application delayed until 2015 results submitted May 16. The Chinese solar panel manufacturers are facing difficulties in debt.

According to the company’s Investor Relations Department official said, the company needs more time to prepare than the May 2 deadline reported last year. The policy of the company to officials requesting anonymity said, the company will be announced on Friday to explain the decision.

Once the world’s largest solar panel maker Yingli, since 2011 has not reported quarterly profits. In the last decade, the company expanded in a more important position than profit, borrow funds to construct factories, until the Panel price collapse triggered an industry-wide layoffs and reduced costs.

Yingli said earlier this month, it’s hard to pay, due on May 12, 1.4 billion yuan (US $ 220 million) Bill, and have not yet reached an agreement with creditors on debt moratorium. Headquartered in Hebei Baoding Yingli, allegedly seeking 7.5 billion yuan from the State Development Bank loans, to restructure and repay their debts.

Original title: Yingli to United States SEC applications submitted late 2015 results