Photovoltaics 2022-2023 - PV panel of new technology

Photovoltaics 2022-2023 PV Panel of new technology

Photovoltaics 2022-2023 The logic that must be understood by the investment of photovoltaics, the photovoltaic year of 2022, has sailed
The photovoltaic industry has entered a complete new era.

The first era: the era of peaceful energy use!

The second era: the era of the exchange of new energy!

The third era: the era of TOPCON and HJT technology in photovoltaic construction!

From these points of view, we see the vast space of the photovoltaic industry. This is to look at the ground. Next we need to look smaller and find the logic of the current market and the available investments in the photovoltaic circuit, which has unlimited Possibility.

Photovoltaics 2022-2023 First of all, let's take a look at the components of the photovoltaic industry: silicon materials, silicon wafers, cells, film, EVA, converters, glass, arms, energy storage batteries and production equipment. There will also be silver paste and industrial silicon upstream. To put it simply, the silicon-silicone-wafer-component material are several important joints. Adhesive film, EVA, inverter, glass and arm are all auxiliary materials and the whole process requires equipment for construction. There was no strict energy storage requirement, now there are strict standards that state that every photovoltaic power plant has energy storage.

2020 is a big year for the expansion of photovoltaic production, especially for wafers and silicon plants. Take sections as an example. By the end of 2020, only LONGi, Jinko, Trina, JA Solar, Canadian Solar and Risen Energy are the top 6 The unit's production capacity has reached 155,2 GW. By the end of 2021, the production capacity of these six companies is expected to increase by 54% to 239 GW. This has led to a mismatch between supply and demand across the industry and high prices in some short-term chains have suppressed the healthy growth of the industry as a whole.

Photovoltaic 2022-2023 The first thing that is missing is photovoltaic glass. The price doubled and increased from 20 yuan to 50 yuan, which became an obstacle to limiting the production capacity of photovoltaics. Many companies have to use floating glass to replace the rear glass in double glazing. Glass remains mainly the national production policy for the first 18 years. Supply-side reform required that glass production be replaced by delayed capacity if new capacity was added. At the same time, the expansion cycle of the glass is almost 2 years. On the one hand, there is the rapid expansion of the photovoltaic, on the other hand, the photovoltaic glass connector is limited, which leads to the mismatch of the photovoltaic glass. In response to the photovoltaic policy, a draft comments were issued in December last year. On July 20, the Ministry of Industry and Information Technology formally issued the revised Cement Glass Industry Capacity Exchange Implementation Force Law. The official plan clarified whether a capacity replacement plan is required for the photovoltaic glass rolling project. In this sense, photovoltaic glass is considered a policy application. At the same time, we see that photovoltaic glass will be put into production this year in succession and photovoltaic glass will return to the right path in mid to late April.

Photovoltaics 2022-2023 The second is the connector made of silicon material. As the downstream silicon wafer connector has significantly expanded its production and the upstream silicon joint connector has virtually no new capacity before the end of 21 years, and the silicon wafer industry, to capture the market, is a prerequisite for silicon conservation The material war started and a large number of long-term orders for silicon materials basically shut down the capacity to produce silicon materials. As of March 21, the average price of silicon material shipments increased from almost 90 yuan / kg to 208 yuan / kg, gross profit margin increased by 29,5 percentage points and net profit per unit increased by 79,88 yuan / kg . By mid-June, led to later professional manufacturers of batteries and components have entered a loss-making stage. The whole chain of the industry is that silicon materials go up and down, then silicon chips follow the rise and terminal components increase. The prices of the components won by the central companies from January to April this year are between 1,635 yuan and 1,767 yuan / D, and 1,4 yuan before the Spring Festival. / Price range from W to 1,7 yuan / W. The demand side does not exceed the limit of 1,8 yuan / D, and the immediate effect of the price increase is to reduce the final demand, so that the rate of operation of components and other connectors is reduced and the profitability of the relevant links to be reduced, which greatly suppresses the companies concerned.

Photovoltaics 2022-2023 By June, we saw a change in the market. The first thing that appeared was that the increase in the price of silicon tiles in June failed. Zhonghuan and other companies returned to the price in May after the price increase. Someone also mentioned a specific company by real name, saying it had a price day and they met and held a price stabilization meeting. Since then, there has been a peak message of silicon material. Since the silicon material was put into production at the end of this year, combined with the increase in production capacity, it will need to be put into production at the beginning of 22. The price of silicon material is expected to continue to hover at a high level in the future.

And what is the logic of the capital market? It's simple, all the benefits are good. The future of the photovoltaic industry is huge and the short-term mismatch of industry processes and the peak of the most critical silicon material bond means that the worst time knot is now and there is no worse time than now. Silicon materials can return to normal and the "money" journey will be good.

Photovoltaics 2022-2023 In 2021, the country has guaranteed results and 2022 is a great year. China's photovoltaic capacity is expected to be 50-60GW in 2021. According to the consumption policy, the demand for photovoltaic + wind energy in my country will reach the bottom line of 90GW in 2021. The global installed photovoltaic capacity is expected to be 150- 170GW 2021. The global installed capacity of photovoltaics is expected to be 180-225GW in 2022. The price of silicon materials in 2022H1 photovoltaic power in 2022.

So once the prices of silicon materials and "wafers" fall, who will benefit the most and who will have the most flexibility?

Photovoltaics 2022-2023 The answer is definitely the ingredient and it is an all-in-one ingredient. Let's look at a piece of data first. In 20 years, TOP 5%, LONGi, JinkoSolar, Trina Solar, JA Solar and Canadian Solar have total revenues of approximately 169,168 billion yuan. Net profit was 18,475 billion yuan. An earlier IHS analysis report noted that according to the top six photovoltaic company dispatch statistics by 2020, the combined market share of these companies will reach 72%. At the same time, the pace of capacity expansion has not stopped. According to the capacity plans announced by the five companies, Longi expects the capacity of the units to reach 65GW by the end of 2021, Trina Solar plans a 50GW unit by the end of this year, the production program of the JA unit Solar 40GW, JinkoSolar The generating capacity of the units will reach 37GW, the production capacity of the Canadian solar unit will reach 25,7GW. The IHS analysis predicts that the TOP5 rate is expected to reach 82% in 2021. Thus, the result can be considered average.

22 is a big year for photovoltaics and marginal changes are good for improvement in the second half of the year and the fundamental outlook is strong support. 1) Complete layout on the component side, benefiting from the expected improvement of the installed power and the restoration of the profit: Suggest LONGi, Trina Solar, JA Technology. 2) It is not affected by the price chain of the crystalline silicon industry and at the same time it benefits from the increase of shipments of components in the future, such as auxiliary materials, inverters Sungrow, Jinlang Technology, Goodway? Foster and Haiyou New Materials in the movie link; Levima Shinco in the EVA link. 3) CITIC Bo, which benefits from the Shuangbo arm; 4) The high price of silicon material is an exorbitant profit and the price performance has a large amount of new investment, which suppresses the depletion of Tongwei shares in the materials industry silicon. Pay attention to TBEA / Xinte Energy and GCL-Poly.

Well, today we are going to classify the latest industry logic. In the next article, we will explain another photovoltaic and another nuclear explosion link. The last technical iteration was the replacement of a crystal with a polycrystalline and the C position was Longji shares., It is now a giant in photovoltaics. Repeating battery technology from type P to type N is another technological iteration, so stay tuned!