From being unknown to dominating the world, China’s photovoltaic industry has overcome all obstacles with its tenacity for more than ten years, and finally reached the top of the world. This week, the Polaris Solar Photovoltaic Network will show the “great Chinese photovoltaics” from ten dimensions.
1. Installed capacity: increased by 3935% in ten years, and the cumulative installed capacity exceeds 300GW!
Since the launch of the concession bidding in 2009, the Chinese photovoltaic market has taken off. In 2011, the newly installed capacity of photovoltaic power generation in my country exceeded 1GW for the first time, and then the photovoltaic market entered a doubling stage. In 2014, my country’s new distributed photovoltaic installed capacity exceeded 1GW. In 2015, my country’s new photovoltaic installed capacity surpassed Germany for the first time, with a cumulative installed capacity of 43.18GW, becoming the country with the largest installed photovoltaic capacity in the world.
Since then, my country’s photovoltaic industry has been the best and continues to lead. In 2021, my country’s newly installed photovoltaic capacity will reach 54.88GW, a new record high! The cumulative installed capacity has exceeded the 300 million kilowatt mark, ranking first in the world for seven consecutive years.
In the first half of 2022, my country’s newly installed photovoltaic capacity reached 30.88GW. According to the forecast of the China Photovoltaic Industry Association, the new photovoltaic installed capacity in 2022 is expected to reach 85-100GW, entering a new stage.
2. Electricity price: from 1.09 yuan/kwh to the era of parity
In the past ten years, my country’s photovoltaic electricity price policy has undergone many rounds of changes. In 2009, the National Energy Administration implemented two batches of concession bidding projects. At that time, the on-grid electricity price of photovoltaic projects was 1.09 yuan/kWh; then the electricity price policy developed into a unified on-grid benchmark electricity price, which was divided into 1.15 yuan/kWh and 1 yuan according to the grid connection time. / degree; since 2016, the National Development and Reform Commission has adjusted the subsidy to 0.65 yuan, 0.75 yuan, and 0.85 yuan / degree according to the I-III solar resource area, and implemented a year-by-year decline mechanism.
From 2019 to 2020, photovoltaics will enter the transitional stage of competition and parity, and the centralized implementation of guiding electricity prices,
In 2020, the guide prices for new centralized projects in the I-III resource areas are 0.35 yuan, 0.4 yuan, and 0.49 yuan/kWh respectively; in 2021, except for household photovoltaic projects that still have a subsidy of 0.03 yuan/kWh, the rest of the projects will enter no The era of subsidized bidding.
It is worth mentioning that on June 22, 2021, the 200MW photovoltaic project of Zhengdou Phase I of the photovoltaic base in southern Ganzi Prefecture, Sichuan Province was awarded the competitive configuration. The lowest on-grid electricity price for domestic photovoltaic projects. In 2022, photovoltaic projects including households will fully enter the subsidy-free era and start a new journey of parity.
3. Manufacturing: from being controlled by others to a major exporter
Looking back at the development process of China’s photovoltaics, “three heads are outside” is the main factor suppressing its development. It is understood that from 2008 to 2015, polysilicon was firmly monopolized by European, American, Japanese and Korean companies such as Hemlock, WACKER, REC, and most of China’s polysilicon products were imported. In the equipment segment, according to the introduction of Ningxia Xiaoniu Company, the string welding machine market was occupied by German TT, Japanese NPC, and American Kumax in 2008.
After more than ten years of hard work, China’s polysilicon production has ranked first in the world for 11 consecutive years. All photovoltaic module production line equipment has been localized. In the cell manufacturing process, a small part of equipment needs to be imported, and others have been localized.
According to data from the China Photovoltaic Industry Association, the total export value of my country’s photovoltaic products from January to June 2022 is about 25.9 billion US dollars, a new high.
4. Shipment ranking: Chinese companies frequently appear on the global TOP list
Driven by innovation, Chinese photovoltaic enterprises lead the world in many fields such as advanced technology and shipment scale. In the global TOP10 list of silicon materials and module shipments, Chinese enterprises occupy 8 seats; the TOP 5 in the battery sector are all Chinese enterprises, and Tongwei, Aixu and Runyang have been in the top three for many consecutive years; in the inverter field, in the 2021 shipment rankings, 6 Chinese companies have entered the top ten.
Note: The data comes from the financial reports of photovoltaic companies in 2021
From the data of 2021, the shipment data of TOP5 enterprises exceeds 125GW, and the market concentration is further improved. As of 2022, Jinko, TRW, and JA Solar have already surpassed 100GW in module shipments, and the next 100GW company is on the way.
5. Capacity: Expansion of silicon wafer cell module production exceeds 2000GW
Under the guidance of the “dual carbon” goal, China’s photovoltaics have entered the fast lane. The industry predicts that during the “14th Five-Year Plan” period, the average annual increase of photovoltaic capacity in my country will reach 100GW. Stimulated by market demand, sufficient production capacity is the “grain and grass” to ensure the operation of the project.
Since 2020, the enthusiasm for expanding production in my country’s photovoltaic manufacturing has continued to rise. According to incomplete statistics from the Polaris Solar Photovoltaic Network, since 2020, the scale of silicon material expansion has exceeded 3.33 million tons, and the expansion of silicon rods, ingots, and slices has exceeded 890 GW. The scale of module expansion is around 700GW.
Taking the module link in the main industrial chain as an example, the integration process of the TOP 5 enterprises will be accelerated in 2021. The total cell production capacity will reach 136.9GW, and the total module production capacity will reach 218.9GW. In addition, LONGi, Jinko, JA Solar and Canadian wafer production capacity. The total amounted to 181GW.
6. Enterprise development: dozens of enterprises have been established for more than ten years
Photovoltaic enterprises are the main force driving the continuous advancement of the photovoltaic industry, and the market layout, technological development, product quality, and stable operation of enterprises jointly cultivate the vitality of enterprises. According to the incomplete statistics of Polaris Solar Photovoltaic Network, there are dozens of photovoltaic companies (including photovoltaic companies) that have been established for more than 10 years. Tongwei, Dongfang Hope and Shuangliang Energy Saving have been established for 40 years; Huawei, Kehua, Yingli and others have been established for more than 30 years; 12 companies including Trina, Sungrow, Chint, TBEA, Risen Energy, and Jiangsu Guoqiang have been established for more than 20 years.
7. Performance: Steady Operation
Steady operation is the secret of the longevity of an enterprise, and it is also an essential element for an enterprise to withstand the storms of the market.
According to the statistics of Polaris Solar Photovoltaic Network, in 2021, there are about 36 listed photovoltaic companies with a net profit of more than 100 million yuan, of which there are 5 companies with a net profit of more than 5 billion yuan.
On the whole, upstream raw material companies have outstanding performance, integrated companies are the backbone, and auxiliary materials companies are in the downstream.
8. Efficiency: Battery efficiency keeps breaking new records
The technological innovation of photovoltaic cells and modules is the driving force behind the continuous cost reduction and efficiency improvement of photovoltaics. Today, the photovoltaic technology route is facing a critical period of transition from p to n. It has become the consensus of battery companies to return to the main track of efficiency. HJT and Topcon cell efficiencies hit new highs.
9. Market value: 12 companies with a market value of 100 billion
Since 2020, nearly 40 photovoltaic companies have started the road to listing, basically covering all aspects of the photovoltaic industry chain. It is worth mentioning that in 2021 alone, 9 companies will have a market value of 100 billion yuan, namely JA Solar, Trina Solar, Chint Electric, Three Gorges Energy, Zhonghuan Co., Ltd., Foster, Daquan Energy, Pioneer Intelligence, and Follett. . On August 18, 2022, Jinlang Technology successfully crossed the 100 billion market value mark. Up to now, the 100 billion market value army has been expanded to 12.
10. Cross-border: Dozens of companies flock to the photovoltaic track
The photovoltaic industry should be the most lively field at the moment. Traditional oil giants, famous automobile companies, pig kings, dairy giants, and slippers kings, more and more companies regard photovoltaics as a gold rush. According to the statistics of Polaris Solar Photovoltaic Network, since the beginning of 2022, more than 50 companies have crossed the border, either entering the manufacturing process or investing in the development of power plants. Under the “double carbon” goal, cross-border photovoltaics may have a bright future.