Gansu province enterprises have come to the brink of bankruptcy abandoned light

Polaris solar PV net news: despite the price cut, subsidies and land issues of arrears has been called the “blockbuster”, but the veteran investor said, photovoltaic industry, truly devastating disease, is power.

A few days ago, a PV investor in micro-letter groups shouted to give people a photovoltaic power station is located in Gansu province, but no one answered it.

At that time, turned in by other industry of investors represented by the investment model is considered the true health of the photovoltaic industry, “fresh blood”.

After all, the industry has staged a long cast upstream of downstream of “fun” game.

Who would have thought, but in two years, the assured must use first-class equipment to build a “clean power”, this is on the verge of bankruptcy.


Gansu province, enterprises have come to the brink of bankruptcy abandoned light power problem needs to be radical

On the ragged edge of bankruptcy

Things pull, so fast, so hard.

Within two years, once hot “article” (flagging) is hard to find the PV power plant in Gansu province, worth had plummeted to the point.

According to the investors of the solar power network reporters, his power station is located in the hinterland of the Hexi corridor, the planning capacity of 80 MW, began construction in 2013, has so far completed 20 MW and 60 MW has been postponed indefinitely.

His planned 20-megawatt power station completed mortgage loans to financial institutions, scroll through the development stage of the project. But in recent years, a number of banks are “new energy rationing in Gansu province seriously, and solvency of the company remains to be seen” as grounds for refusing loans.

The other hand, since his early 20-megawatt project from grid-connected electricity generation, most of the time in a State of power operation in 2014, annual limits for one megawatt run 2015-2016 press 15%-20% of installed capacity to run.

He told reporters that in the case of such a large area power, its income can’t even cover basic operating costs of the power station, more anxiety on the reimbursement of project construction, procurement of equipment, such as arrears, the company has debt.

However, when this is clearly not the worst.

Not long ago, he received notice from Gansu province electric power dispatching operation Department, planning in Gansu province and its limits is complete, station will stop the power from November 1 until the end of the year.

The maximum the maladies

In recent times, as leaders bid a lower price than the base, coupled with price reduction of opinions issued, State grid no longer pay subsidies of rumors, the land sector agriculture project will be approved to deal with the construction of a series of bad news coming in succession, resulting in the industry of pessimistic. Many enterprises are engaged in unsustainable, clamored to exit the photovoltaic industry, the industry associations have also been organizing strategy discussions.

Suddenly, over the unprecedented anxiety enveloped in the photovoltaic industry.

However, although electricity prices, subsidies and land issues of arrears has been called the “blockbuster”, but the veteran investor said, photovoltaic industry, truly devastating disease, is power.

The power cuts, in the rapid development of photovoltaic power plant investment two years ago in Northwest China, are quite common. Especially as new energy capacity in Gansu and Xinjiang Province, abandoned power rationing has been plagued by criticism, causing huge losses to investors.

In May, the energy Bureau of the national development and Reform Commission, issued on wind power, photovoltaic power generation of fully guaranteeing the purchasing management notification detailing the guaranteed minimum purchase hours of PV power in key areas, the maximum threshold is 1500 hours, a minimum of 1300 hours.

However, management seeks to create a favorable policy for the industry and good will of the market environment, quickly fall to the ground.

In August, Gansu province by letters issued by the Commission in the 2016 generation scheduling of priority notice made clear that, located within the province of the PV power plant in 2016, only guarantee acquisition of 400 hours.

People in the industry estimate, according to this provision, Gansu power cuts of up to 70%.

Suddenly, public outcry against noise resounded over Hexi corridor.

Under pressure, said Gansu issued 2016 does not implement the priority scheduling in the notification of “2016 only guarantee acquisition of 400 hours” requirement.

Disguised execution

However, the investors claimed that part of Gansu province, according to PV power station, Gansu province, still in disguise to perform 400 hours of acquisition policy.

The investor to the solar power network according to a statistics, half-month period from October 16 to October 31 this year, Gansu province, an installed capacity of 100MW PV capacity accumulated less than 2.4 million kWh, average daily power generation hours less than 1.5 hours, average daily load restrictions in 10%-20%, low 5%, limit load exceeds 80%.

Another investor said, dispatching Department of Gansu province in late October through the non-written sources of clear principles of photovoltaic power generation scheduling of the fourth quarter of this year: the fourth quarter surplus power generation hours = (400+ before trading hours-three quarter hours).

“Gansu is still 400 hours of practical implementation of security policy to buy hours. “The two investors said.

Meanwhile, in the first three quarters of the electricity in the power part of the PV power plant in Gansu province has reached 65% per cent. Among them, the “most of the province is the benchmark price alternative, large customer transaction. Equal to the electricity price directly decreased by nearly 0.3 Yuan. “One investor said.

Statistics show that Gansu desulfurization benchmark coal price for 0.2978/kWh.

Investors dilemma

Industry analysts said that in the past few years, Gansu province, most of the new energy enterprises in wards of struggle, even enterprises, also relies on other regions and other industry revenue to compensate for investment losses in Gansu province.

Mentioned in the beginning that investors in 2012, established new energy company engaged in investment in solar power plant development in Gansu province, plans to invest 80WM PV power generation projects, the overall project covers an area of more than 2000 acres. At the end of the project in 2012, after approval by the Gansu Provincial Development and Reform Commission started construction, and completed the first phase of the project in 2014, the first half 20-megawatt project grid-connected power generation.

However, the rest of the story, it is not so easy.

Raised 20% funds after the construction of the project, the remaining 80% of cash but has no access to bank loans. Starting in 2013, the investors and commercial banks such as China Construction Bank, the agricultural Bank of China, industrial and commercial bank of the docking, but the results are “new energy rationing in Gansu province is serious, repay remains to be seen” from being rejected for a loan.

And its reliance on part of the money and equipment advances, service provider to complete the first phase of the 20-megawatt project, starting from grid-connected electricity generation has been in a State of power operation in 2014, annual limits for one megawatt run 2015-2016 run at full installed capacity 15%-20%.

End of October 2016, he received notice from Gansu province electric power dispatching operation Department of the company, annual plan, Gansu province and the limits of his power station has been completed, to November 1, its power plants stopping power to the end of the year.

Bank lending has not been able to reach, with generating income even the basic operating costs of the company to cover debt owed to suppliers can only face repeated delays. At present, the company is on the verge of bankruptcy.

Original title: enterprises have come to the brink of bankruptcy in Gansu power woes need to be radical

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