BEIJING, Dec 08, 2008 (Xinhua via COMTEX) -- The growth pace of China's new energy industry is seriously dented by oil price slump and demand shrinkage due to the global financial crisis, according to analysts.
Zhou Tao, analyst with Greatwall Securities, said that solar photovoltaic industry suffers adverse impact on demand shrinkage of solar cells from Western countries and losses from Euro depreciation.
Xiong Lin, analyst with China Jianyin Investment Securities, said that a number of small-sized module producers have gone bankruptcy in East China's Jiangsu Province as a result of lacking capital and order cut.
Xiong said that solar energy industry would demonstrate an obvious trend of integration and increased market concentration in addition to uncertain market situation and order amount in 2009 for SunTech Power Holdings Limited (STP.NYSE).
Xiong predicted that China's solar cell module producers would see a five-percent drop of gross profit margin, taking in consideration of order, exchange rate and other factors.
It's widely accepted that investment in new energy sector will get restrained due to oil price drop, and substitution value of new energy will get slashed resulting from coal price slides.
In the long run, new energy will continue to have bright prospectus in term of its value in environmental protection, according to Xiong.
The power generating cost of solar photovoltaic electricity will be in line with the power generating cost of traditional energy in 2030, according to a report in early 2008 by China Jianyin Investment Securities.
Xiong said that it's hard to judge when solar electricity power cost comes in line with the cost of traditional power generation in the near term, with expectation-beating technological improvement in polycrystalline silicon as well as oil price tumble.
Earlier, Chang Xiaofeng, chairman and CEO of LDK Solar Co., Ltd. (LDK.NYSE), predicted that solar power cost probably would drop to one yuan per kilowatt within two to three year thanks to raw material price decreases.
Yu Yingyi, analyst with Pacific Securities, said that governments at various levels would support the development of solar PV industry in the long term in consideration of energy security and environmental protection.
Yu is optimistic about the long-term demand of solar energy products.
Showing posts with label new energy. Show all posts
Showing posts with label new energy. Show all posts
Tuesday, December 9, 2008
Tuesday, June 10, 2008
Forum on solar energy applications kicks off
By Huang Zhiling, Wang Wei (chinadaily.com.cn)
Updated: 2008-06-06 14:42
CHENGDU: The three-day First West China Solar Photovoltaic Industry and New Energy Development Forum started Friday morning in Shuangliu, a county under the administration of Chengdu, capital of Sichuan Province.
The forum, which has drawn more than 300 government officials, domestic and overseas experts in the solar photovoltaic and new energy sectors and investors, will discuss the development trends of China's solar photovoltaic and new energy sectors, said Shi Dinghuan, chairman of the Chinese Renewable Energy Industries Association.
With the mounting pressure on energy supply and increasing pollution on the environment, the world is paying more attention to the solar energy as a clean energy source.
As a result, the solar photovoltaic industry has become one of the fastest growing energy sectors in the world, and China has plans to become the world's largest market in terms of using solar energy.
Seventeen investment projects were signed at the forum, valued at 14.5 billion yuan (US$2.1 billion) Friday, between the Shuangliu county government and three companies from Sichuan. The projects are in the fields of solar photovoltaic, new energy, machinery, electronics and aviation service.
Shuangliu has attached great importance to development of the solar photovoltaic industry since 2004, and has ranked among the country's top 100 strongest counties in terms of economic development for seven consecutive years.
Updated: 2008-06-06 14:42
CHENGDU: The three-day First West China Solar Photovoltaic Industry and New Energy Development Forum started Friday morning in Shuangliu, a county under the administration of Chengdu, capital of Sichuan Province.
The forum, which has drawn more than 300 government officials, domestic and overseas experts in the solar photovoltaic and new energy sectors and investors, will discuss the development trends of China's solar photovoltaic and new energy sectors, said Shi Dinghuan, chairman of the Chinese Renewable Energy Industries Association.
With the mounting pressure on energy supply and increasing pollution on the environment, the world is paying more attention to the solar energy as a clean energy source.
As a result, the solar photovoltaic industry has become one of the fastest growing energy sectors in the world, and China has plans to become the world's largest market in terms of using solar energy.
Seventeen investment projects were signed at the forum, valued at 14.5 billion yuan (US$2.1 billion) Friday, between the Shuangliu county government and three companies from Sichuan. The projects are in the fields of solar photovoltaic, new energy, machinery, electronics and aviation service.
Shuangliu has attached great importance to development of the solar photovoltaic industry since 2004, and has ranked among the country's top 100 strongest counties in terms of economic development for seven consecutive years.
Thursday, May 15, 2008
The 1st solar PV building: main structure completed
May 08, 2008
The main structure of the 25-storeyed mansion, China's first solar PV (photovoltaic) building, was lately completed in the city of Baoding in China's northern Hebei Province.
The building will serve as a landmark for the country's new energy and energy equipment industry base. By applying large-sized breathable glass screen to its outside appearance, the building can generate 0.3 megavolts of electricity, tantamount to a mini-sized power plant, which will not only satisfy the needs of electric lighting for the building, but can be annexed with the power grid for electricity generation. By People's Daily Online
The main structure of the 25-storeyed mansion, China's first solar PV (photovoltaic) building, was lately completed in the city of Baoding in China's northern Hebei Province.
The building will serve as a landmark for the country's new energy and energy equipment industry base. By applying large-sized breathable glass screen to its outside appearance, the building can generate 0.3 megavolts of electricity, tantamount to a mini-sized power plant, which will not only satisfy the needs of electric lighting for the building, but can be annexed with the power grid for electricity generation. By People's Daily Online
Friday, December 14, 2007
China listed firms invest 15.6b yuan in new energy
By Shangguan Zhoudong (chinadaily.com.cn)Updated: 2007-12-12 14:34
A total of 25 Chinese listed companies have invested 15.6 billion yuan ($2.11 billion) so far this year in new energies, including the wind energy, solar energy and coal chemical industries, the China Securities Journal reported today.
Guizhou Chitianhua Co Ltd invested a combined 5.58 billion yuan in new energies, the highest of the 25 listed firms.
Shanghai Aero Auto Electromechanical and Baoding Tianwei Baobian Electric Co have poured 1.9 billion yuan and 1.48 billion yuan respectively into the new energy sector.
The three publicly-traded companies' investment into new energies accounted for 57.25 percent of the 25 listed firms' total, statistics show.
The 25 firms include eight electricity-related enterprises, six electric equipment companies, and four chemical firms.
As price of crude soars, the new energy sector is gaining momentum. The World Energy Council says the global new energy market will reach $2 trillion by 2020, and wind power, solar energy, ethanol, and biofuel will become mainstream investment targets.
Additionally, new energy is one of the main focuses of China's 11th Five-Year Program (2006-10). The industry is likely to see rapid development, enjoying supportive policies.
In terms of energies, a combined 2.57 billion yuan was invested into wind power, accounting for 16.41 percent of the total; 7.49 billion yuan into the coal chemical industry, representing 47.89 percent; 4.66 billion yuan into solar energy; and 746 million yuan into battery firms.
Goldwind Science and Technology Co Ltd, China's leading wind energy equipment maker, is planning to list on the Shenzhen Stock Exchange. The firm's estimated sales revenue for 2007 is 3.24 billion yuan, with a considerable net profit of 601 million yuan.
New energy stocks are also performing better on China's stock market. The Shanghai Composite Index has declined 2.49 percent since November 21, but the 25 listed firms added 16.68 billion yuan in capitalization, or 6.49 percent, in the same time period.
Earlier this month, a draft of the energy law was officially published for public comment. The new law is expected to put China's energy management onto a legal track and help China better safeguard its energy security.
The draft energy law has 15 chapters and 140 articles that define energy management, strategy, development, supply, storage, and conservation. The law will also cover energy technology, international cooperation, fiscal and tax policies, and other issues.
A total of 25 Chinese listed companies have invested 15.6 billion yuan ($2.11 billion) so far this year in new energies, including the wind energy, solar energy and coal chemical industries, the China Securities Journal reported today.
Guizhou Chitianhua Co Ltd invested a combined 5.58 billion yuan in new energies, the highest of the 25 listed firms.
Shanghai Aero Auto Electromechanical and Baoding Tianwei Baobian Electric Co have poured 1.9 billion yuan and 1.48 billion yuan respectively into the new energy sector.
The three publicly-traded companies' investment into new energies accounted for 57.25 percent of the 25 listed firms' total, statistics show.
The 25 firms include eight electricity-related enterprises, six electric equipment companies, and four chemical firms.
As price of crude soars, the new energy sector is gaining momentum. The World Energy Council says the global new energy market will reach $2 trillion by 2020, and wind power, solar energy, ethanol, and biofuel will become mainstream investment targets.
Additionally, new energy is one of the main focuses of China's 11th Five-Year Program (2006-10). The industry is likely to see rapid development, enjoying supportive policies.
In terms of energies, a combined 2.57 billion yuan was invested into wind power, accounting for 16.41 percent of the total; 7.49 billion yuan into the coal chemical industry, representing 47.89 percent; 4.66 billion yuan into solar energy; and 746 million yuan into battery firms.
Goldwind Science and Technology Co Ltd, China's leading wind energy equipment maker, is planning to list on the Shenzhen Stock Exchange. The firm's estimated sales revenue for 2007 is 3.24 billion yuan, with a considerable net profit of 601 million yuan.
New energy stocks are also performing better on China's stock market. The Shanghai Composite Index has declined 2.49 percent since November 21, but the 25 listed firms added 16.68 billion yuan in capitalization, or 6.49 percent, in the same time period.
Earlier this month, a draft of the energy law was officially published for public comment. The new law is expected to put China's energy management onto a legal track and help China better safeguard its energy security.
The draft energy law has 15 chapters and 140 articles that define energy management, strategy, development, supply, storage, and conservation. The law will also cover energy technology, international cooperation, fiscal and tax policies, and other issues.
Saturday, September 15, 2007
China South will acquire Tianwei group and invest 45 billion RMB in the new energy business
It is said that China South will sign the agreement to acquire Tianwei group soon, and China South plans to invest 15 billion RMB in the new energy business (especially the solar energy business) of Tianwei Group in the 11th five year plan period, and further invest 30 billion RMB in future.
Both China South and Tianwei Group are 100% state-owned enterprise, Yingli Solar is the subsidiary of Tianwei Group. China South plans to make Tianwei Group go public in the first half year of 2008, and China South will try to get more control of Yingli Solar.
Both China South and Tianwei Group are 100% state-owned enterprise, Yingli Solar is the subsidiary of Tianwei Group. China South plans to make Tianwei Group go public in the first half year of 2008, and China South will try to get more control of Yingli Solar.
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