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Li Yongming, head of Wenshan private enterprise leader Qingshan Steel Pipe, said that in 2008, the municipal government vigorously promoted the preferential policies of the new energy industry. Many local business leaders went to Europe to investigate solar energy, and the local monetary policy was loose, and the manufacturing industry with relatively good financial status could After obtaining bank loans, the solar energy industry chain has expanded in an all-round way. Solar energy is a typical capital and technology-intensive industry. Therefore, it is difficult for enterprises to obtain bank loans when policies are tightened.
The trend of small and medium-sized enterprises has closed down. However, Europe, which is regarded as the "boss" of the solar industry, has cut solar subsidies this year, resulting in a large reduction in European orders. In addition, the price of polysilicon has turned down this year. In the past two weeks, the price of polysilicon in the mainland has plummeted by 35.1%. The price of the entire solar energy industry chain also followed lower. The industry believes that most SMEs will fail due to serious losses. Yan Dazhou, director of the National Engineering Laboratory for the preparation of polysilicon materials in the Mainland, said that there are currently about 40 polysilicon producers in China. The cost of production for first-tier enterprises is about 22 to 35 US dollars per kilogram, and that for small and medium-sized enterprises is 40 to 45 US dollars. To $35, there are only five to six companies that can survive.
80% of the funds rely on debt financing Yuanda Securities analyst Li Min said that financing is the main bottleneck of solar energy development, because about 80% of the general solar energy projects are funded through debt financing, if the European debt crisis stabilizes, solar demand will gradually increase The current internal rate of return on solar projects in major European countries is 12% to 15%. According to Solarbe's latest market research report, the average profit of PV modules in the fourth quarter is expected to fall by 70% year-on-year, and the overall gross profit margin will drop by 17%. To 12.4%. In fact, the decline in polysilicon prices will help promote the low cost of the photovoltaic industry and accelerate the promotion and use of photovoltaic power generation in the Mainland.
The "high-interest loan" crisis in Wenzhou, Zhejiang Province was highly watched by the whole city. After in-depth analysis, it was found that the capital-breaking enterprises were concentrated in industries with blind expansion and concentrated funds. In addition to real estate, the high-speed solar energy industry in recent years was also the main "victim". The total number of local capital fracture enterprises is as high as 80%. Analysts believe that since 80% of the solar energy projects come from financing, the solar energy industry chain will set off a wave of closure.