2022 is destined to be an extraordinary year. Affected by the conflict between Russia and Ukraine, extreme weather, energy crisis and the rise and fall of raw material prices, the photovoltaic industry chain has experienced ups and downs.
From January to November, the newly installed PV capacity in China reached 65.71 GW . In the first three quarters, the output of silicon materials, silicon wafers, cells and modules increased by more than 40%, and the total export volume increased by 86. 2022 is the year of great development of China's photovoltaic industry, in which information such as policy advance, subsidy support and active bidding market is always full of the whole photovoltaic industry chain. The release of
many heavy policies not only points out the direction for the development of the photovoltaic industry in 2022, but also sets the main tone for the photovoltaic industry for a long time to come. Although the era of China's photovoltaic industry growth by subsidies has passed, as an effective way to promote industrial development, photovoltaic subsidies are still used by many local governments.
2022 is also the key year for the implementation of the "14th Five-Year Plan". 30 provinces/cities across the country have released the planning targets for wind and solar installations during the "14th Five-Year Plan" period, with a total increase of 874. These plans will be subversive to the change of China's energy structure. The bidding scale of energy central enterprises represented
by "five big and six small" is more than ten gigawatts or even more than twenty gigawatts, which is particularly rare in the context of the sharp rise in upstream prices in the industrial chain. This is the most direct driving force for the rapid growth of China's photovoltaic installed capacity and the great development of China's photovoltaic manufacturing industry.
At the end of the year and the beginning of the year, It specially plans the National Heavy Policy List, the "14th Five-Year Plan" Construction Index Planning List, the Provincial Distributed Photovoltaic Subsidies List, the Bidding List of Photovoltaic Modules/Inverters of Central Enterprises, the List of Photovoltaic Modules/Inverters, the List of Capacity Expansion Plans, the List of Investment and Financing Plans, the List of Successful IPOs, the List of Enterprise Events, Enterprise new product list and other industry rankings, together with readers and friends in the industry to sort out 2022, welcome 2023! Compared with the 83 policies issued in 2021, on the one hand, the number of policies has increased greatly, on the other hand, the focus of content is also very different.
In the past year, the country continued to implement the double carbon target and issued a series of favorable policies. In February, the National Development and Reform Commission and the National Energy Administration issued a document calling for vigorous support for the construction, consolidation and development of new energy power, as well as the improvement of energy storage tariff policy, laying the tone for new energy distribution and storage. In March, the State Energy Administration issued the Guiding Opinions on Energy Work in 2022, which clearly continued to implement the development and construction of roof distributed photovoltaic in the whole county, giving the market a "reassuring pill". In June, nine departments jointly issued the "14th Five-Year Plan for Renewable Energy Development", proposing to accelerate the promotion of large-scale wind and solar power bases focusing on desert, Gobi and desert areas.
In 2022, two policies related to the healthy development of the photovoltaic industry chain were issued at the national level. In August, the General Office of the Ministry of Industry and Information Technology, the General Office of the General Administration of Market Supervision and the General Department of the State Energy Administration issued a document calling for the avoidance of industrial convergence, vicious competition and market monopoly. In the development and construction of photovoltaic power generation projects, it is not allowed to hoard and resell resources such as power station development, force investment in supporting industries and purchase local products. We will severely crack down on illegal and irregular acts such as price hikes, monopolies, and the manufacture and sale of counterfeit and inferior products in the photovoltaic industry. At the end of October, the General Office of the National Development and Reform Commission and the General Department of the State Energy Administration issued a document to encourage polysilicon enterprises to reasonably control the price level of their products. Strictly investigate and punish price hikes such as spreading false price information, hoarding and curiosity, as well as monopoly agreements and abuse of market dominance, so as to effectively curb excessive capital speculation and maintain fair competition order in the industry.
It is noteworthy that at the end of November, the State Energy Administration issued a document allowing photovoltaic projects to be connected to the grid in batches, making it clear that full capacity should not be built as a necessary condition for grid connection.
The following policies are ranked in order of importance and leadership. Up to now,
the "14th Five-Year Plan" construction index planning list
has been completed. A total of 30 provinces/cities in Anhui, Beijing, Fujian, Gansu, Guangdong, Guangxi, Guizhou, Hainan, Hebei, Henan, Heilongjiang, Hubei, Hunan, Jilin, Jiangsu, Jiangxi, Liaoning, Inner Mongolia, Ningxia, Qinghai, Shandong, Shanxi, Shaanxi, Shanghai, Sichuan, Tianjin, Xizang, Xinjiang, Yunnan and Zhejiang issued the 14th Five-Year Plan.
Among them, Inner Mongolia, Yunnan and Gansu are the largest in terms of planned new installed capacity targets, of which Inner Mongolia plans to add 83.77 GW, Yunnan plans to add 73 GW and Gansu plans to add 56. Nine provinces have new targets above 30GW, namely Shandong, Hebei, Xinjiang, Shanxi, Shaanxi, Guangdong, Qinghai, Guangxi and Jiangsu.
With the rapid development of distributed photovoltaic, "subsidy" is still one of the most exciting and effective ways to stimulate the market. Although in recent years, there has been a top-down, varying degrees of subsidy decline, but in support of photovoltaic development in this matter, all localities have given some solid subsidy policies. In the latest subsidy policy, Zhejiang is the most vigorous, with 0 per kilowatt hour, followed by Beijing. Other provinces basically subsidize 0.2 yuan per kilowatt hour or 0.2022
Central Enterprise Photovoltaic Module/Inverter Bidding
List (Centralized/Non-Centralized) TOP10
2022. The number of photovoltaic module bidding projects of central enterprises is as high as 375, with a total capacity of 154. Among them, the top ten central enterprises are China Power Construction, State Power Investment Corporation, Huadian, China Nuclear, Huaneng, Datang, PetroChina, China Southern Power Grid, State Grid and Three Gorges; China Resources, China Power Construction, CGN, Three Gorges, SDIC, Huaneng, Huadian, China Southern Power Grid, State Power Investment Corporation and PetroChina are the top ten non-centralized components of central enterprises. It is worth noting that in addition to the previous two networks, five big and six small, in 2022, China Coal Group, China Aluminum Group, China Machinery Company and other central enterprises also have component bidding projects released. In addition, compared with 2021, it is found that the bidding for components of central enterprises in 2022 shows an absolute advantage in the proportion of large size, and double-sided components are becoming more and more popular in the terminal market. The bidding scale of N-type components has also been gradually expanded .
In 2022, the number of PV inverter bidding projects of central enterprises was as high as 237, with a cumulative bidding volume of 136.Among them, PowerChina, Huadian, CNNC, State Energy Corporation, Datang, State Power Investment Corporation, China Energy Construction Corporation, PetroChina, Three Gorges Corporation and China Guangdong Nuclear Power Corporation are the top ten central enterprises in centralized inverter procurement; PowerChina, Three Gorges Corporation, State Energy Corporation, China Guangdong Nuclear Power Corporation, China Energy Conservation Corporation, China Coal Group, China Aluminum Corporation, State Power Investment Corporation, Huadian Corporation and Huaneng are the top ten central enterprises in non-centralized inverter procurement. From the perspective of procurement type, the procurement of central state-owned enterprise inverters also tends to be centralized procurement or framework procurement.
Faced with both domestic and foreign markets, how will component and inverter enterprises choose?
In 2022 , the total capacity of PV module projects was 136.47 GW, of which the total capacity of projects that determined the scale of bid-winning enterprises was 97.
In terms of bid-winning enterprises, 94 enterprises won the bid throughout the year. Among them , the old photovoltaic module giants Longji Stock, Jingke Energy and Jingao Technology are still strong , and the scale of winning bids of the three enterprises is more than 10GW. Jingke Energy ranked first in the anti-super Longji shares, and Jingao Technology ranked third. There is also a new change in the bidding market of photovoltaic modules in
2022, that is, Tongwei Solar Energy . Tongwei has always been a very important raw material supplier for photovoltaic module enterprises as the leader of silicon materials and cells. Since September 2022, Tongwei has made a sudden effort to win the bidding of China Resources Group, State Power Investment Corporation, State Energy Corporation, State Investment Corporation and other large-scale component procurement projects, and the price is significantly lower than that of other shortlisted enterprises.
This has triggered speculation in the industry about the changes in the domestic bidding market pattern. Soon after, Tongwei announced a large-scale component expansion plan, and Tongwei's shoes in the field of components finally landed. In
addition, the strong rise of Yidao Xinneng and Huansheng Photovoltaic is also an important feature of the bidding market for photovoltaic modules in 2022. Large
price changes are also an important feature of the photovoltaic bidding market in 2022. At the beginning of 2022, it continued the rising trend of the previous year, and the unit price of PV modules was basically above 1.8 yuan/W. Since May, the bid-winning price broke through 1. After September, the price of PV modules continued to rise, and even the price of some projects broke through 2 yuan/W. After December, the price dropped to 1. The price of photovoltaic modules basically matched the price trend of the upstream of the photovoltaic industry chain.
In 2022, the strong rise of Zhuzhou Converter under Zhuzhou Zhongche Times Electric Co., Ltd. is also a major point of view . Zhuzhou Converter, which entered the photovoltaic inverter market in 2009, has gained a lot in the photovoltaic bidding market in 2022, especially since the second half of the year, it has been ranked in the forefront of the month.
In addition, Aishiwei, Guruiwatt, Goodway, Jinlang Technology, Zhengtai Power Supply , these enterprises with distributed inverters as their main products are also rising strongly. On the one hand, the product system of the enterprise itself is constantly enriched, and another reason is the rise of distributed photovoltaic. These enterprises have frequently won the bidding of central enterprise projects this year, and have achieved good results in the annual ranking.
In addition, the integration of photovoltaic industry chain is also a major symbol of the development of photovoltaic industry in 2022. Many enterprises have built integrated production capacity, and the component and battery enterprises represented by Trina Solar and Atlas have extended to the upstream of polysilicon and silicon wafers. Upstream enterprises such as Tongwei shares have greatly increased their investment in silicon wafers and components. Therefore, large capital investment has become a major feature of 2022.
While photovoltaic enterprises are expanding their production capacity in full swing, enterprises outside the industry are also eyeing covetously. Many large enterprise groups, such as Baofeng Group, Hesheng Silicon Industry and Oriental Hope, have crossed the border into the photovoltaic field or increased their investment in the photovoltaic field. These enterprises have strong strength and ambitious goals, so they are bound to invest a lot of money.
As far as the whole industrial chain is concerned, the profitable silicon material and silicon wafer links are still the key directions for the expansion of production capacity investment of major enterprises, and these two links require huge funds. Therefore, polysilicon and silicon wafer projects occupy the absolute majority of the "2022 Capacity Expansion Investment Plan List TOP10".
Therefore, IDG Capital, Gaolu Capital, Sequoia Capital and various development green capital frequently increase the number of photovoltaic enterprises, which injects confidence into the photovoltaic capital market.
In 2022, 60 enterprises threw out a total of 181.5 billion yuan of financing plans . Among them, the financing plans of 32 enterprises have been approved by the CSRC or have been listed, with a financing amount of 89.981 billion yuan , accounting for 49% of the total financing projects. The rest of the projects are still in the process of issuing additional plans or being examined by the CSRC.
From the perspective of financing purposes, 44.91 billion yuan is used to supplement liquidity, 26.991 billion yuan is used for battery components, 21.803 billion yuan is used for silicon material projects, and 196
yuan is used for silicon wafer projects. In addition to the focus of investment in battery components, silicon materials and wafers with stronger profitability have also attracted more capital attention.
Meanwhile, the photovoltaic capital market will continue to be hot in 2022. The pursuit of capital for photovoltaic enterprises has greatly accelerated the listing process of photovoltaic enterprises. In the past, many companies have been listed for seven or eight years or even more than ten years, but among the listed companies in 2022, this time is obviously shortened . Even photovoltaic enterprises such as Gaojing Solar Energy and Qinghai Lihao, which have been established for two or three years, have formed an industrial scale in a short time with the help of capital, and have entered the preparatory stage before listing.
In addition, another feature is that not only the enterprises in the main links of the photovoltaic industry chain, such as silicon materials, silicon wafers, batteries and components, choose to go public, but also the enterprises in small subdivisions, such as photovoltaic silver paste, photovoltaic testing equipment and connectors, have submitted applications for listing and obtained approval . Among the photovoltaic listed companies
in 2022, except for a few enterprises, most of them have achieved over-raising, and even some enterprises, such as Yuneng Technology, have over-raised nearly 5. It can be seen that the capital market has recognized photovoltaic enterprises.
2022 is another year of great development of distributed photovoltaic. From the perspective of new installed capacity, centralized photovoltaic, household distributed photovoltaic and industrial and commercial distributed photovoltaic are three parts of the world, which means that the new installed capacity of distributed photovoltaic accounts for two-thirds. The rise of distributed photovoltaic has also attracted the attention of many enterprises, which have launched new products related to distributed photovoltaic. For example, Hemai's HRSD system, commercial PV inverter 80-110 kW, AISWEI and Solplanet dual-brand 1 KW ~ 110KW series. The
2022 BIPV track has also attracted attention. This trillion-dollar market is slowly opening up, and many companies have launched new BIPV-related products in the field of BIPV , such as the new BIPV color steel tile "Jingcai" series of Jingke Energy. "Taiyangding", a new all-aluminum BIPV product of Antai New Energy.
In addition, as one of the most technical products in the field of brackets, tracking brackets will also launch new products in 2022. The launch of CITIC Botian SkyWings double-row multi-point parallel drive tracking system has made an important contribution to the technological progress of tracking brackets.
In addition to new products, there are also significant changes in the way new products are released in 2022. Due to the epidemic, many exhibitions are delayed or cancelled, and offline activities are inconvenient, so photovoltaic enterprises hold online new product launches, which is also a major feature of 2022.
浙公网安备33010802003254号