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| Friday, 7 June 2013, 08:00 HKT/SGT | |
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HONG KONG, June 7, 2013 - (ACN Newswire) - Since July last year when the solar photovoltaic ("PV") manufactures of the European Union ("EU") lodged the "anti-dumpling" application to the European Commission against China, there has been a prolonged battle between China and the EU in the anti-dumping and anti-subsidy duties policy for PV products. Yesterday, the EU announced provisional anti-dumping duties of 11.8% on imports of PV products from China, followed by a 47.6% of such duties. The "anti-dumping and anti-subsidy" investigation which is primarily targeted at silicon solar sector, poses great challenges to many PV manufacturers in China. However, it is worth noting that such EU policy brings a development opportunity to thin-film PV manufacturers in China. Experts say in the future the thin-film solar will become the mainstream development trend of the PV industry.
Prominent advantages of thin-film technology
There are two product categories in the international solar sector, namely the poly-silicon PV segment and thin-film solar module. Amid the anti-dumping imposed by the EU and the United States and excessive capacity in the market currently confronting the poly-silicon PV segment, the industrialization potentials of thin-film solar technology are arousing more and more market concerns.
It is learned that thin-film solar modules can be extensively applied in industrial and commercial buildings, houses and ground photovoltaic power plants. Different from the solid and heavy poly-silicon materials, thin-film solar modules have diverse application forms by virtue of its light weight, flexibility and favorable light transmission. In addition, thin-film solar modules also boast strong responsiveness to weak light, which allows it to provide stable power output even in the morning, at nightfall or in thick weather when the sunlight is not so strong, and thus can be extensively applied in the distributed power generation facilities including PV buildings and PV curtain walls.
Rising investment returns for thin-film solar enterprises
In the past, there was certain misunderstanding of the thin-film solar technology in the market as to its high cost and low conversion efficiency. However, after years of evolvement, especially the fast development in recent years, breakthroughs in a host of technical problems in this technology have been achieved, which has rapidly reduced the costs and greatly enhanced the conversion efficiency. Take Hanergy Solar Group Limited ("Hanergy Solar") for example, the company has made continuous breakthroughs in its production process and production line-related technologies, which not only enhanced the conversion efficiency of the thin-film technology, greatly reduced the gas usage and considerably lowered the total production costs per watt of PV modules for its customers, and also significantly increased the capacity of the turnkey production line and boosted its gross profit margin. In a silicon solar market troubled by overcapacity, Hanergy Solar has taken preemptive actions to grow and grab market shares by leveraging its advantages in equipments, modules, and technological research and development as well as market development in the field of thin-film solar PV.
Viewing from the general market landscape, one of China's economic growth drivers in the future lies in neo-urbanization. As the central government issues its concise guidelines on neo-urbanization (i.e. intensive, smart, green, low-carbon), the green new energy industry is poised to embrace an unprecedented opportunity for growth. Not long ago, the State Council and the State Grid Corporation of China together with other government departments unveiled a series of favorable policies encouraging distributed PV generation, which firmly underpins the growth potential of the domestic PV solar market. Given its innate advantage in distributed applications, the thin-film solar technology will become the mainstream in the future development of the PV sector.
Each of the constant development of the thin-film solar technology, the supportive policies from the Chinese government and external pressures from the "anti-dumping and anti-subsidy" investigations imposed by the EU on PV products made in China, provides a favorable opportunity for enterprises operating in the thin-film solar sector which are accordingly expected to reap increasingly robust investment returns.
Breakout direction of PV industry
The announcement of such anti-dumping duties by the EU will protect the development of the thin-film solar power generation technology of its members to a large extent, and the thin-film technology will also become the breakthrough point of the PV industry. Though intense negotiations are still underway between China and Europe, the western countries have repeatedly "interfered" the Chinese poly-silicon PV products in recent years, which may indicate that the PV industry has arrived at the turning point from crystalline and silicon products to thin-film products, whether in terms of technological development or in terms of investment priority. According to the analysis of specialists, the thin-film technology of certain domestic PV enterprises has already reached the world-advanced standards, therefore bringing opportunities for the PV enterprises at home to transform from "Made in China" to "Created in China", and making it possible for China to become one of the biggest players in the world's PV industry. Investors should also pay attention to the countermeasures taken by solar enterprises with different technology orientations.
Topic: Press release summary
Sectors: Daily Finance, Energy, Alternatives, Daily News
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From the Asia Corporate News Network
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