Photovoltaic companies' "Sword" spirit

The reason why the TV drama "Sword" is good-looking, long-term broadcast, good script is the basis, and the highly respected "Sword" spirit is deeply rooted in people's hearts. At the end of February, LDK completed the acquisition of sunways, a well-known photovoltaic company in Germany, for about 10 million U.S. dollars. Through this acquisition, it hopes to acquire a market space of 5% of the world's largest photovoltaic installation country. It also tells us about a Chinese PV. The company's "Sword" story.

The spirit of the "Sword of Light" spirit is: Even under extremely unfavorable conditions, a warrior must face his opponent, dare to pull out his own sword, and have the spirit of winning in a narrow way and meeting the courageous people. After the Chinese PV companies in 2011, the fourth-quarter financial reports disclosed one after another as if the entire army had exhausted its ink. A group of companies represented by the “Association” declared bankrupt were affected by the shrinking overseas markets, high costs, and severe shortage of working capital. , mournful and devastated, on the verge of life and death. Looking at the current market, besides China, there is still a bright light. Looking around is a frustrating scenario. Countries in Europe continue to reduce photovoltaic subsidies. Following the United States’ introduction of “double opposition” to China’s photovoltaic products, Germany has followed suit. China’s Photovoltaic companies are in their darkest days before dawn. Needless to say, China's PV companies do need to complete the integration of life and death for the survival of the fittest. Who will laugh to the end? Under the premise of the same conditions, the ultimate survival right must be those companies that dare to "sword."

Regarding this overseas expansion of LDK, it is conceivable that there is something exciting and exciting for Chinese PV companies. There are some concerns about LDK that the rumors have been in operational difficulties. We hope to see jokes. Indeed, at the end of last year, the negative news about LDK was buzzing, one after another: "subsidy gates for electricity prices," "bankruptcy doors," "loss doors," and huge liabilities. However, under such a difficult situation, Peng Xiaofeng led his army to this feat. Whether this is the “gambler” the market is talking about, or the strategic vision and extraordinary courage that Sévy calmly faces in the current market, this is not what this article wants to analyze. (Although the market has already made a short-term recognition judgment: this year After the announcement of the initial news, it brought about a 27% increase in the company's stock.) The author is concerned about the significance of Sai Wei's courage to “sword” the Chinese PV companies. Photovoltaic market's rare merger and acquisition opportunities have long been there, and the conditions are not necessarily the best. However, a good process is displayed in the eyes of China's photovoltaic industry. To make a hypothesis: If the news that Germany restricts the entry of Chinese PV products becomes a reality, and the market opportunity that Sunways brings to Sai Wei has become the most important part of helping Sai Wei to overcome the difficulties, then the result that seems to be lucky can only be It was the victory of the "Sword" spirit, because when Seiwei talked about the sunways' acquisition, Germany had not yet spread the message of restricting China. It was by no means LDK's "luck". It was only because Sevi dared to "sword" the most difficult time.

The author also had concerns: If the United States eventually passed the "double opposition" of China's PV companies, other markets such as Europe will follow suit, and the country will work hard to open the domestic market for enterprises. Whether the results will lead to the internationalization of China's PV companies will follow Slow down or even go backwards? The reason why China has become the world's largest photovoltaic country is that it is cultivating Chinese companies in the international market, and Chinese enterprises have in turn promoted the development of the international market, mutual needs and promotion. Just as an industry must choose one or two outstanding companies to promote upgrading. As a society should have one or two outstanding people to promote development, the world has chosen China to play an important role in the exploration of new energy. Today, in the wave of global economic integration, China's photovoltaic industry should pay more and should shoulder the responsibility of making more contributions to the new energy industry in the world.

Although in the second half of 2011, photovoltaic companies faced the biggest difficulties and longest duration difficulties in the development of China's PV scale, it should not become an obstacle to our adherence to internationalization and international responsibility. We are difficult. Foreign photovoltaic companies are more difficult than us. Our companies are facing bankruptcy. Foreign companies are already bankrupt.

The current photovoltaic market may be hell for Chinese companies, and it may even be heaven. Looking at the history of enterprise development since the industrial revolution, many large-scale international companies came into being at this time and achieved glory. Waiting or attacking, maintaining the status quo or accelerating the upgrade, inward-oriented development or export-oriented development, the photovoltaic industry is facing a difficult choice. In response, Chinese PV companies have already responded: In early February, GCL-Poly announced that it will establish a joint venture company with NRG Solar LLC, the leading photovoltaic power project developer in the United States, to own 50% of Sunora's equity; in mid-February, the new Olympic Group will Invested 5 billion U.S. dollars in the form of “capital plus technology” to establish the New Ove Nevada Clean Energy Ecological Center in Nevada; at the end of February, LDK completed the acquisition of controlling shares in sunways; on March 1, JinkoSolar announced that it will Component manufacturer Heliene.

China's PV companies do not and should never stop the pace of internationalization. We look forward to more "light sword" stories.