Chinese PV companies have completed the long process of growing from industry to maturity in a short period of time. There is a need for integration and reshuffling. At present, the European debt crisis is passing market pressure to accelerate the occurrence of this reshuffle. And make the whole process more severe.
As an emerging industry, Chinese PV companies once laughed at the fact that traditional labor-intensive companies suffered from orders and costs, but at the 110th Canton Fair, they were not happy.
The expected worsening of the debt crisis in Europe caused 80% to 90% of the Chinese PV companies whose production capacity relied heavily on the European market to absorb the orders. If only the capacity of the European market is compressed, it will only “injury†the “indications†of the photovoltaic industry. Taking some time, exploring new markets and implementing diversified prescriptions for the export market can also make wounds heal, but horrific, it is a A large reshuffle of the global photovoltaic industry, driven by fierce competition and technological innovations, is being initiated with inadequate market demand.
Jia Wolong said that the developer’s move was a big step for a time. “Shut down,†“closed,†and “photovoltaic winter†have become keywords for the Chinese photovoltaic companies at the 110th Canton Fair.
“Europe's production lines have not been done. Now we are maintaining the basic survival of our factories in Southeast Asia, the Middle East and North Africa.†Zhou Xinming, manager of Suzhou Jiri New Energy Co., Ltd., bluntly stated, “At present, as long as it is a single, we will Even if it was a good spot in the past when it was good."
Lin Fuzeng, sales manager of Baoliite New Energy Co., Ltd. of China Baoliite Group also stated that after the European debt crisis deteriorated twice, the contribution of European market exports to the company's total exports dropped by nearly 10%.
Even so, the operating conditions of Zhou Xinming and Lin Fuzeng are still relatively good in China's current photovoltaic industry. It is reported that in the past few months, more than 50 solar energy companies have fallen in the country, and one third of the companies are in semi-discontinued state.
In this regard, Zhou Xinming and Zhao Dong, deputy general manager of Zhejiang Baolite New Energy Co., Ltd., also mentioned that some photovoltaic companies that have pursued profit-making and semi-entry operations have been suspended due to the worsening of the European debt crisis. “A lot of production lines have just It is completely abandoned after the completion of production."
At the beginning of the second deterioration of the debt crisis in Europe, 80% to 90% of production capacity rely on the European market to digest Chinese PV companies are likely to be “early winter†industry predictions are coming true, even the "leader" of Chinese photovoltaic companies Suntech's stock price in the US Nasdaq fell from the highest point of 3 years ago to US$ 4 at the current level of 4 US dollars, a drop of more than 90%. Once the glory of the solar PV industry seems to be fading.
In fact, the demand for China's PV modules in the European market has always existed, and it has not been significantly reduced. The reason why European orders are unsustainable is that in the words of Zhou Xinming, “it is all a matter of money.â€
Zhou Xinming said that the company’s old European customers found that they were willing to place orders. However, when it comes to payment, the two parties will no longer be able to continue.
The reason for this, Zhou Xinming stated that photovoltaics, as an emerging industry, is still dominated by the government at the initial stage of development. Since the outbreak of the debt crisis, especially after the second deterioration, it is difficult for the European government to generously provide local financial resources in order to fulfill its commitment to tightening fiscal revenues. Higher corporate subsidies. At the same time, the market has also made it harder to increase the number of new overseas PV power plants due to tighter monetary conditions, and the new projects have stalled.
“A lot of European merchants have stated that it is difficult for the banks to obtain the loans. It is hoped that they can agree to extend the payment period from the original 30 days, 60 days, and 90 days to 3 years, 5 years, and 7 years. Very large, even if there is no order, this single can not be connected." Zhou Xinming said.
According to the latest known news, German Chancellor Angela Merkel has publicly stated that he will take further steps to reduce solar electricity subsidies that have already been substantially reduced. Merkel also suggested that the government should abandon the domestic photovoltaic market in Germany and instead use electricity from countries with higher radiation levels in Greece, such as Greece.
As an emerging industry, Chinese PV companies once laughed at the fact that traditional labor-intensive companies suffered from orders and costs, but at the 110th Canton Fair, they were not happy.
The expected worsening of the debt crisis in Europe caused 80% to 90% of the Chinese PV companies whose production capacity relied heavily on the European market to absorb the orders. If only the capacity of the European market is compressed, it will only “injury†the “indications†of the photovoltaic industry. Taking some time, exploring new markets and implementing diversified prescriptions for the export market can also make wounds heal, but horrific, it is a A large reshuffle of the global photovoltaic industry, driven by fierce competition and technological innovations, is being initiated with inadequate market demand.
Jia Wolong said that the developer’s move was a big step for a time. “Shut down,†“closed,†and “photovoltaic winter†have become keywords for the Chinese photovoltaic companies at the 110th Canton Fair.
“Europe's production lines have not been done. Now we are maintaining the basic survival of our factories in Southeast Asia, the Middle East and North Africa.†Zhou Xinming, manager of Suzhou Jiri New Energy Co., Ltd., bluntly stated, “At present, as long as it is a single, we will Even if it was a good spot in the past when it was good."
Lin Fuzeng, sales manager of Baoliite New Energy Co., Ltd. of China Baoliite Group also stated that after the European debt crisis deteriorated twice, the contribution of European market exports to the company's total exports dropped by nearly 10%.
Even so, the operating conditions of Zhou Xinming and Lin Fuzeng are still relatively good in China's current photovoltaic industry. It is reported that in the past few months, more than 50 solar energy companies have fallen in the country, and one third of the companies are in semi-discontinued state.
In this regard, Zhou Xinming and Zhao Dong, deputy general manager of Zhejiang Baolite New Energy Co., Ltd., also mentioned that some photovoltaic companies that have pursued profit-making and semi-entry operations have been suspended due to the worsening of the European debt crisis. “A lot of production lines have just It is completely abandoned after the completion of production."
At the beginning of the second deterioration of the debt crisis in Europe, 80% to 90% of production capacity rely on the European market to digest Chinese PV companies are likely to be “early winter†industry predictions are coming true, even the "leader" of Chinese photovoltaic companies Suntech's stock price in the US Nasdaq fell from the highest point of 3 years ago to US$ 4 at the current level of 4 US dollars, a drop of more than 90%. Once the glory of the solar PV industry seems to be fading.
In fact, the demand for China's PV modules in the European market has always existed, and it has not been significantly reduced. The reason why European orders are unsustainable is that in the words of Zhou Xinming, “it is all a matter of money.â€
Zhou Xinming said that the company’s old European customers found that they were willing to place orders. However, when it comes to payment, the two parties will no longer be able to continue.
The reason for this, Zhou Xinming stated that photovoltaics, as an emerging industry, is still dominated by the government at the initial stage of development. Since the outbreak of the debt crisis, especially after the second deterioration, it is difficult for the European government to generously provide local financial resources in order to fulfill its commitment to tightening fiscal revenues. Higher corporate subsidies. At the same time, the market has also made it harder to increase the number of new overseas PV power plants due to tighter monetary conditions, and the new projects have stalled.
“A lot of European merchants have stated that it is difficult for the banks to obtain the loans. It is hoped that they can agree to extend the payment period from the original 30 days, 60 days, and 90 days to 3 years, 5 years, and 7 years. Very large, even if there is no order, this single can not be connected." Zhou Xinming said.
According to the latest known news, German Chancellor Angela Merkel has publicly stated that he will take further steps to reduce solar electricity subsidies that have already been substantially reduced. Merkel also suggested that the government should abandon the domestic photovoltaic market in Germany and instead use electricity from countries with higher radiation levels in Greece, such as Greece.
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