Overseas PV companies bankrupt Chinese companies back to the black pot
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As the debt crisis spread from Europe to the United States, the global PV market that has just recovered is once again raging, and some overseas PV manufacturers have collapsed because they can't resist the “cold winterâ€. Last month alone, three solar companies in the US declared bankruptcy, including the prestigious California Solar Power Company (Solyndra). This seems to be due to the squeeze of Chinese PV companies in some overseas people, and German companies continue to lobby the EU to impose sanctions on Chinese PV companies. Overseas PV companies successively “closed†It is reported that the other two PV companies that filed for bankruptcy in the US in August this year are Evergreen Solar in Massachusetts and Spectral Solar in New York. This spring, BP Solar, a solar company owned by BP, also stopped production. In addition, Austrian well-known photovoltaic manufacturer Blue Chip Energy also declared bankruptcy at the end of July. According to GTM Research's survey data, about one-fifth of the US PV capacity in the past year has disappeared due to bankruptcy or production suspension, mainly because it cannot compete with China's cheap solar products. A series of corporate bankruptcies has caused great concern from overseas public opinion. The New York Times commented that these bankruptcies show that China has gained an absolute monopoly in the global solar industry – China has monopolized 60% of the global PV market. Although the solar companies in Europe, America and Japan still have the advantage of leading China in terms of technology, they are completely unable to compare with Chinese companies in terms of cost control. In fact, in recent years, many Chinese first-tier PV manufacturers have made great strides in overseas markets and are closely connected with local enterprises. For example, Suntech announced in November 2009 that it will build the first solar cell production plant in the United States and become the first Chinese PV module manufacturer to set up a plant in the United States. Since then, LDK has also announced that it will acquire a 70% stake in U.S. Solar Power Co., Ltd. for approximately US$33 million, thereby entering the North American PV downstream market. “China has become the global solar industry industry standard setter,†said Shayle Kann, an analyst at GTM Research at the Boston Clean Energy Industry Research Center. “Many companies are now vying to offer discounts to Chinese solar companies to win business.†German companies æ€‚æ¿ EU Sanctions, but in the eyes of competitors, the arrival of Chinese PV companies is not a good thing. According to GTM Research, only two PV companies in the US can compete with China. First, First Solar, its cadmium telluride thin film battery production technology is completely different from its Chinese counterparts. The other is SunPower, whose main reason for its survival is that the company's products are highly efficient and Chinese products cannot be replaced. It is reported that FrankA sbeck, the CEO of SolarWorld, a large German PV module manufacturer that has just shut down a factory in California and several German production lines, has cooperated with other companies to lobby the German government and the European Union to think that Chinese PV companies are dumping into the European market. The government should impose sanctions. For a time, Chinese PV companies have to face the challenges of trade policy changes while facing changes in market demand. Market changes are the main cause of bankruptcy. Domestic PV companies do not agree with the view that "the bankruptcy of overseas companies is caused by Chinese companies." An industry insider pointed out that the business strategy of the US Evergreen Solar Company was formulated a few years ago. At that time, the price of polysilicon, which is the raw material for photovoltaic modules, was running at a high level, and the company hopes to gain a competitive advantage by using less polysilicon. But unfortunately, the price of polysilicon has plummeted in the last two years, from nearly $500 per kilogram in early 2008 to the current $50 per kilogram. "During this period, Evergreen Solar has little time to reposition the industry, and its single technology can not be as quick as other manufacturers. In addition, the company is also affected by the rise of the US company FirstSolar." Industry insiders said . For the repeated application of sanctions by German companies, a person in charge of a PV module company in Jiangsu said, "I believe that the EU will not accept applications easily, because if it is accepted, the trade friction between China and Europe will rise sharply." "Anti-dumping has two basic judgments. First, is the government subsidized? In fact, the Chinese government does not directly subsidize this industry. Second, do we Chinese companies have lower than market prices and go abroad to dump? If not It is not true." Ma Xuelu, executive director of the China Renewable Energy Society, told reporters. He said that he hopes to achieve better industrial docking through dialogues between enterprises and enterprises, associations and associations, and achieve a rational division of labor in the photovoltaic industry worldwide to reduce costs. He also expressed the hope that through dialogue, the emotions of confrontation and confrontation will be resolved. Professor Cui Rongqiang from the Shanghai Jiaotong University Solar Energy Research Institute believes that China can prove that China's PV products are not dumped overseas through the launch of the domestic application market.