excess risk of facing the wind industry
Decline in investment in wind energy worldwide has been “very serious”, said many experts and companies to create excess wind energy in China concerns. gd761, td347
In the rapid development of Chinese industry to wind, when a number of companies and experts began to worry about overcapacity. It is the wind industry have to go through a Survival of the Fittest in the process? situation Meanwhile, offshore wind energy overheating, and the difficult problem of wind power online, also devastated the pace of China’s development of wind energy.
“Many Chinese and foreign investors in China now that China is likely to be the largest market for wind energy this year will be more than 8100 GWh.” New Energy Finance, Senior Analyst cloned and wind power in China in 2009, and the sustainable use of the development of an international symposium. Inspiron 1521 battery
The U.S. market, Wu Jing said that currently only 45 bodies are still aspects of the financing of wind energy, like Obama My Xinzheng in support of the policy on wind energy in the near future will not be much American market for wind energy impact is estimated in the United States in 2009 new wind power installed capacity is about 4900 to 6800 GW.
According to forecasts by Wu Jing from 2009 to 2012, China wind energy market growth rate slowed slightly.
“If domestic production is fully released, the next year or two fans Chuxian wish such a situation”. Wu Jing said that with only 30 to vote money to build a factory and manufacturers of wind energy. Statistical data, said before the end of 2008, wind power equipment manufacturing machine has more than 70.
Currently the new national plan to promote energy has not yet formally presented, but even in 2020 wind power capacity increased to 130 million kilowatts, only the top 4 family tradition electrical manufacturers , the production capacity has reached 12 million kilowatts, there are signs of excess supply. China renewables on a large scale Program Management Office, Inspiron 6400 battery , Ren Zhoufeng of “China Sankei Shimbun,” he told reporters, “certainly not afraid of strong activity and weak, then really consider taking into account”.
In June, the largest manufacturer of wind energy Goldwind seven executives sold shares collectively, would be over 600 million yuan, while the wind industry, and even the energy industry news, rumors a collective sinking of four.
“We did not expect such a shock occurs.” Goldwind CFO Yu Danke “China Sankei Shimbun said that the collective sales approach, designed to gradually sell do not want to lead the market to more speculation, will not market there worry Zalah under a head start. The executives sold the stock, but officials expect more than 20 years of investment to get output.
In fact, the manufacturing sector itself is a competitive industry, excess capacity depends on the strength of its own. Gansu Power Company Wind Power Technology Center Director Wang Nimbus “China Sankei Shimbun, told reporters that the Chinese wind power industry to be competitive if the export is apparently a way out,VGP-BPS8 , so just concentrate on the domestic market, the domestic market to double in successive years is the momentum clearly not been maintained in a certain period, the surplus is possible. “But even if the accident of excess, I think, to go through a painful process, and certainly must be a process of survival of the fittest.”
Jiangsu Association of Wind Energy Renewable Energy Professional Committee of Cao Hua, deputy director is also on “China’s Sankei Shimbun,” he told reporters, “surplus capacity Personally, I think it’s not a bad thing actually a good thing for becoming a competitive advantage later, the wind energy production can improve the overall quality of the industry, it is a competition, sooner or later. ”
Because firms in an industry leading, “I think the excess may be too soon, now that the ability to speak frankly are just the mouth, its capacity, in the end can do much it is not known. In fact, should look at the inventory, each manufacturer there a long delay of goods, I have not seen. “Danke Yu said the wind of gold are also being production at full capacity. VGP-BPS9
Yu Danke even think: “Now, wind energy manufacturing in the competition are its production capacity, the industry has an impact, we believe that all businesses in the entries of capacity, it must be said for industrial wind energy together is always favorable, and the development of industry, more companies have joined more attention after the community. ”
polycrystalline silicon photovoltaic companies struggling to cope after crash
Highly respected by the governments new power plate is the main altar, above the capital stock of the concerns of various sides.
In fact, over the last six months and more, global PV companies in the financial crisis sweeping the globe has experienced a significant decline in the dilemma of performance, price for polysilicon from the beginning of 2008 the “roller coaster” market, leaving the company photovoltaic worse.
Located in Nanjing, China Light and Power Electric (Nanjing) PV Co., Ltd. (hereinafter referred to as China Sunergy, NASDAQ: CSUN) is a typical industry.
China Sunergy in the 2008 annual report, the company reported an operating profit this year by $ U.S. 351 million, up 49.4%, adjusted net income was a loss of 22.5 million. VGP-BPS9/S，VGP-BPS9A , On May 27 and China Sunergy announced the filing of the first quarter of 2009 shows the first quarter the company achieved sales of $ U.S. 37 million, the chain has dropped from 14.4% in first quarter the company a total loss of U.S. $ 8.8 million.
“Inventory of raw materials at the end of 2008 have already been largely digested.” CLP Electric Group in charge of Vice-Chairman of the Group of PV companies Cai Fang said China Business “reporter. The enormous losses of inventories of raw materials is caused by China Sunergy in autumn 2008 net income in a major - 9 months in 2008, when polysilicon prices to nearly U.S. $ 500 per kg in order to avoid further increases in commodity prices cause more losses of PV companies have large polysilicon hoarding. Within months, however, completely reversed the situation of supply and demand, shortage of polysilicon in a backlog at the end of 2008, prices fell polysilicon at about 150 U.S. dollars per kilogram.
In this context, China Sunergy initiative to reduce the fourth quarter of 2008, revenues in the previous quarter to 63.7% of the decrease, due to the hoarding of raw materials has resulted in direct losses to the company over 10.6 million. Another element in the solar business Wuxi Suntech Inc. (NYSE: STP, Suntech Power), fourth in the fourth quarter of 2008 a net loss of $ 65.9 million. At that time, Suntech PV modules totaling 232 million U.S. dollars stock, the polycrystalline silicon for the quarter and an impairment of certain investment projects as high as U.S. $ 40 million. A1175 ，MacBook Pro 15 inch battery
“This year, in March, the lowest price of polysilicon has been to 50 U.S. dollars per kilogram, is currently hovering between 60 and 65 dollars U.S.. A large number of silicon plant material was interrupted rest “. Cai Fang said, “is expected in the fourth quarter to first quarter of next year, polysilicon prices may continue to test a few dollars of the United States from 40 to 50 kg and not even given a suspension under 30 dollars as possible. ”
The electrical equipment in accordance with Great Wall Securities analyst Zhou Tao and new forecasts of the energy industry, the price of polysilicon end of this year should be hovering around 45 U.S. dollars per kilogram. “The price of polysilicon collapsed to reduce the cost of photovoltaic business pressures, cost of raw materials prior to the proportion of total business costs as much as 90% to 30% now to 40%.” Zhou Tao, many companies inventory of polysilicon in 2008, perhaps late in the second quarter of this year to digest all this directly affects business performance in the first half of this year.
Zhou Tao that, although the policy for the energy sector will continue to put new good, but has had a fever after the first half of 2009 “to stimulate future policy on the marginal effect of lower prices situation. ”
Recovery Services earnings surge thermal
The data show that from January to May 2009 National-scale industrial enterprises realized a total profit of more than 850.2 billion yuan, down 23%. 39 occupational categories in the industry, chemical industry profits fell 25%, an increase of 8% in industry of building materials, steel, industry, non-ferrous metals as a whole profitability. profits of the electricity industry has increased by 15% year on year, VGP-BPS2，VGP-BPS2A , with profits of thermal energy to continue to grow significantly, water, 7.9 billion profit.
January-February 2009, following a loss of farewell on the whole, the thermal power industry from January to May total profit 11,400,000,000 (2.8 billion loss a year earlier). While growth from January to May of the capacity of thermal power of only -6.5%, but the second half of 2008 and the recent coal price increases made the proper functioning of the thermal power industry has a gross margin increased to 13%, close to 2007 year 16% level. Water companies from January to May total profit of 7.9 billion, an increase of 80% over the year. Mainly due to the multiple water (rate of January-May cumulative growth of 19.4%), the benefits of energy planning and price increases last year.
Analysts SW year 2009 the total profits of the first half of the thermal power industry is about 15,700,000,000 second quarter rate, the sequential growth of over 100%, the energy industry proposed Heat continue to focus on compensatory growth opportunities, while the value of businesses optimistic about investment in hydropower. Depending on the situation of the current price of coal, in June 2009, the amount of thermal energy in the event of various scenarios, expected 2009 profits of the first half of the industry’s total thermal energy in 155-159 million in the second quarter growth rate sequentially over 100% profit increase is determined, the concern recent proposals for compensatory growth opportunities for thermal energy, to recommend Shenergy, Huaneng Power International, Huadian Power International, hydropower, at the end of the year and gradually impose a carbon tax and water rate increases in the context of the gradual, but the value of its investment fully reflect the benefit of evaluation recommended the Yangtze River now has electricity, and water injection into the harvest period and assets GD very clear. Tecra A6 battery, Tecra A7 battery , Analysts maintain the end of third quarter sales rose 2 cents to determine the variation in prices, and suggested that the attention of the listed company has a network of resources, such as electricity Wenshan, Chen Xinhua, star power.