Zhongmin of investment and integrated PV or promoting plant assets

Polaris solar PV net news: less than 4 months, from early May register with the August opening ceremony, zhongmin vote became a buzzword.

On August 28, zhongmin cast sign strategic cooperation agreement with the Ningxia Hui autonomous region, reached in 5 areas of cooperation, with a total investment of 100 billion yuan. In terms of new energy, zhongmin investment plans to invest 3GW-5GW photovoltaic power generation project in Ningxia, with a total investment of 30 billion to 50 billion yuan.

Zhongmin voted big layout planning of photovoltaic industry throws, also are in the field of PV Melaleuca.

For the PV industry, zhongmin significance of investment and involvement in addition to large sums of money into the PV market, “will also encourage PV from the industry side to finance the transition. “Yu Ding Wenlei, Executive Director of solar energy, airlines told the China business news reporters said in an interview.

Industry consolidation is not really happening

On August 21, led by the national organization,, 59 well-known private enterprises with registered capital of 50 billion yuan to initiate the establishment of Minsheng investment limited (abbreviated shooting) inauguration ceremony held in Shanghai.

Zhongmin voted in the new layout has been fully rendered and parsed in the energy sector, will be “the integration and operation of photovoltaic power generation project” as the starting point, was established in the new energy group. Through innovation, system innovation and policy support, especially mode innovation and mechanism innovation in features, after United play a guiding role of the market, exploring the integration of upstream industry resources. “PV reorganization since the Ministry launched access now, from across the industry, real consolidation and restructuring has not yet happened. “Ding Wenlei told reporters that” following the access system, photovoltaic or in the low-end manufacturing level, including integration of solar cell efficiency is no great breakthrough, on the conversion efficiency stagnated at the same level. “” Such a huge company into solar, from the lower station, and will affect upstream consolidation and restructuring and technological innovation, the positive effect of the industry as a whole is good. “Ding Wenlei admits,” States the adoption of such a large company to achieve the consolidation and restructuring of the industry as a whole, zhongmin investment and do business may have its weaknesses, but it can play to their financial advantage, drive the industry to achieve a new economic development. ”

Rather, the choice of the photovoltaic industry, have also caused speculation. Standing on the point the industry, Ding Wenlei believed that “the vote will come in May was of PV power plant stable profits, first and foremost policy fallback, followed by tangible assets placed there, which saw power plant investment security. ”

“Do not exclude investment and involvement in upstream entity making ends, such as cooperation and Concord, including next steps on how to promote the consolidation and restructuring, is certainly leading enterprise integration or said zhongmin’s equity holdings. “Ding Wenlei speculates.

Upstream and downstream through GCL radiation

People vote in 10 days after registration, on May 19 at the international solar industry and photovoltaic engineering exhibition, GCL Group announced that will work with zhongmin voted to establish the scale of 10 billion yuan of funds. It was voted first surfaced since the establishment of the investment plan.

Concord Group Chairman, Mr Zhu said, the Fund will invest in the future in order to develop PV and PV industry consolidation and Terminal receiving stations, natural gas distributed energy projects. Among them, the PV industry consolidation target two aspects include manufacturing and power plants.

“Through a partnership with GCL, may radiate to swim up and down. “NCR thought Lily Center for energy research and policy Director said.

“People voted in mid-may indirectly achieve consolidation and restructuring. “Ding Wenlei with similar views,” for example, deeper cooperation currently GCL solar, a stake in each other, and concord to build power stations need to procure components, zhongmin vote may pass downstream of GCL indirectly involved in the reorganization, current circumstances, cell, and module link saw people vote directly involved needed time to prove. ”

However, “people voted from power cuts and upstream polysilicon and raw materials involved, prove to be from the whole industry chain involved. “In fact,” export upstream through downstream interventions through upstream and cooperation throughout the whole industry chain of the GCL, pinching ends means it can control the middle. “Ding Wenlei with respect,” no matter how involved, zhongmin voted only on the financial side, are less likely to enter industry. ”

Rescue PV innovation mode

In fact, the trade value of financial innovation is driven people voted in the photovoltaic industry.

Photovoltaic power plant assets from 2011 and filed to almost 4 years now, but have yet to make substantive changes. “Now see from the development stage of finance leases, trusts, funds, securities, is still relatively simple. “Ding Wenlei told reporters,” we judge next PV mature must have the financial support to do so, PV is EPC drive development in the past, the next step will form a EPC+FOM pattern. Is implemented through property financing models, drive the second-step development of PV. ”

Innovation is the way to save the PV model, “must extend down from the EPC to FOM mode, that is FO and FM-led solar led solar investment fund financing, insurance, pension funds and the new model of the Sun the Sun. “Ding Wenlei believed that” PV must financial innovation to drive the industry out of its current difficulties, and for power stations or distributed or special applications, at this time, zhongmin voted today have a money advantage, may also have an advantage in financial innovation, relatively. ”

Ideal situation, future power station into a financial product. “In foreign countries has been reflected, but while China currently power stations there is no capitalization, so there is no way to achieve, such as mortgages, loans, listed, so PV needed to solve the problem of power plant assets, zhongmin cast into may move the first piece. “Ding Wenlei explained that the situation now is in wait-and-see in all areas, banks such as wait-and-see policy, market watch, wait and see, is an inspiration to realization of assets.

Zhongmin voted Chairman Dong wenbiao said that now the whole photovoltaic industrial chain from the mineral resources development, smelting, chips, components, China did the best in the world, but in the end, PV must be translated into power, but China has not done, the core reason is, power station is a capital intensive investment, a single private enterprise can’t do. Therefore, zhongmin vote first to establish new energy group, walking on two legs: first PV, bigger, stronger push the technology forward again and, secondly, to consolidate the country’s original small photovoltaic power plant. Through financial portfolio in the future, using zhongmin vote advantage of lower capital costs, creating a powerful competitive advantage. Also, it is possible to build world’s largest solar power station, providing clean energy, reduce air pollution and solve the dilemma of PV industry chain, each link in the enterprise.

Original title: investment and integrated PV or promoting plant assets

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