Ministry of Industry and Information Technology: Using market forces to promote mergers and acquisitions in the photovoltaic industry
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The imbalance between supply and demand caused by overcapacity and the “double-reverse†constraints of overseas markets has affected the development of China's solar photovoltaic industry to a certain extent. Ding Wenwu, director of the Department of Electronic Information of the Ministry of Industry and Information Technology, said recently that in the field of polysilicon, more than 85% of enterprises have stopped production, and it is necessary to support the development of the solar photovoltaic industry. As for how to support, Ding Wenwu said that the photovoltaic industry will be encouraged to carry out mergers and acquisitions, but mergers and acquisitions are not simple things, and they need to use the power of the market to advance.
In January this year, the "12th Five-Year Plan for Energy Development" issued by the General Office of the State Council proposed that the photovoltaic industry will be merged, reorganized, optimized and upgraded. In September last year, the National Energy Administration issued the "Twelfth Five-Year Plan for Solar Power Development". The Plan also clearly states that in the future, the state will support key enterprises to master core technologies, enhance their core competitiveness, and strictly enforce the threshold for entry into the manufacturing market.
Some insiders said that although the PV industry has suffered a "double-reverse" investigation in the US and Europe in the past two years, China's PV companies have suffered a certain blow, but the production capacity of the entire PV industry has not declined, which has led to an imbalance between supply and demand. The phenomenon appears. The halving of photovoltaic industry enterprises also indicates that the photovoltaic industry needs to make industrial adjustments and transformation and upgrading as soon as possible. Mergers and acquisitions will play a vital role in the future development of the photovoltaic industry.
In response, a brokerage analyst said in an interview that with the support of many favorable measures, the integration of the photovoltaic industry will bring new development opportunities to the whole industry, and the merger and reorganization of enterprises can solve the production capacity to a certain extent. The problem of excess, and the industry leaders will enhance their competitiveness in the merger and restructuring stage. However, mergers and acquisitions across the industry will be a huge systemic project, which requires more policies to promote.
Ding Wenwu pointed out that it is currently working with relevant departments to formulate opinions to support the healthy development of the solar photovoltaic industry, which may involve access to solar energy industry and industrial policy issues, but there is no timetable for the introduction of policies.
Ding Wenwu further pointed out that the entry barrier is not an administrative license, but is regulated from the aspects of technical indicators, production indicators, environmental protection indicators, and the company's own capability indicators. If the enterprise does not meet the standards, it may be in bank loans, land approval, etc. Aspects are limited.