Recently, the famous Swiss bank Sarasin released a report on the sustainability of the solar photovoltaic industry entitled "Survival of the fittest under intense competition in the solar energy industry." The report pointed out that the thin-film photovoltaic industry will usher in a reshuffle, small-scale, weak competitiveness, financing companies will fail, but the industry's top companies will continue to expand rapidly. Driven by First Solar, Sharp, Showa Shell, General Electric and Hanergy Holdings, it is expected that the thin film photovoltaic industry will achieve an average annual growth rate of 32% by 2013.
The report pointed out that the photovoltaic industry is facing a serious overcapacity, the current annual production capacity of about 50GW, while the total sales at the end of 2011 is only 21GW. Overcapacity and falling prices will lead to a market slump and trigger an industry reshuffle. In this context, thin film photovoltaic equipment manufacturers are also facing a shuffle. According to Sarasin Bank's "health inspections" conducted on well-known photovoltaic cells and photovoltaic module manufacturers, about 150 thin-film photovoltaic device manufacturers were active in the market in 2010, and this figure has now dropped to 100.
The report also pointed out that economies of scale are an important factor in the success of thin film companies. The top companies in the thin film photovoltaic industry, the US's First Solar, General Electric, Japan's Sharp, Showa Shell and China's Hanergy Holdings are still rapidly expanding. According to public information, in 2011, the first solar and Hanergy Holding Group was the largest increase in the thin-film photovoltaic industry or announced the largest increase in production.
In November 2011, the first plant with a capacity of 250 megawatts per year of solar energy was put into operation in Germany on schedule. At this point, its total production capacity in Germany reached nearly 500 megawatts.
Hanergy Holding Group is China's largest private clean energy company. It entered the photovoltaic field in 2009 and currently has thin film photovoltaic production bases in many places across the country. In June 2010, Hanergy Sichuan Shuangliu Phase I 300MW production base was put into operation. In November, its Guangdong Heyuan base was put into operation. In the next six months, bases such as Hainan, Zhejiang, Jiangsu and Shandong will be put into operation one after another.
Sarasin Bank believes that after this reshuffle, the entire PV industry will focus on the top companies in the industry and new entrants with strong financial resources, and will eventually have a positive impact on the entire industry. In the next few years, solar power will realize the tariff parity of end users, and the solar energy industry will no longer rely on state subsidies, and its equipment applications will become more diverse. The most successful companies in the future will not only sell solar modules but also develop and provide new products and services.
The report pointed out that the photovoltaic industry is facing a serious overcapacity, the current annual production capacity of about 50GW, while the total sales at the end of 2011 is only 21GW. Overcapacity and falling prices will lead to a market slump and trigger an industry reshuffle. In this context, thin film photovoltaic equipment manufacturers are also facing a shuffle. According to Sarasin Bank's "health inspections" conducted on well-known photovoltaic cells and photovoltaic module manufacturers, about 150 thin-film photovoltaic device manufacturers were active in the market in 2010, and this figure has now dropped to 100.
The report also pointed out that economies of scale are an important factor in the success of thin film companies. The top companies in the thin film photovoltaic industry, the US's First Solar, General Electric, Japan's Sharp, Showa Shell and China's Hanergy Holdings are still rapidly expanding. According to public information, in 2011, the first solar and Hanergy Holding Group was the largest increase in the thin-film photovoltaic industry or announced the largest increase in production.
In November 2011, the first plant with a capacity of 250 megawatts per year of solar energy was put into operation in Germany on schedule. At this point, its total production capacity in Germany reached nearly 500 megawatts.
Hanergy Holding Group is China's largest private clean energy company. It entered the photovoltaic field in 2009 and currently has thin film photovoltaic production bases in many places across the country. In June 2010, Hanergy Sichuan Shuangliu Phase I 300MW production base was put into operation. In November, its Guangdong Heyuan base was put into operation. In the next six months, bases such as Hainan, Zhejiang, Jiangsu and Shandong will be put into operation one after another.
Sarasin Bank believes that after this reshuffle, the entire PV industry will focus on the top companies in the industry and new entrants with strong financial resources, and will eventually have a positive impact on the entire industry. In the next few years, solar power will realize the tariff parity of end users, and the solar energy industry will no longer rely on state subsidies, and its equipment applications will become more diverse. The most successful companies in the future will not only sell solar modules but also develop and provide new products and services.
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