People who brave a dangerous situation  in the cold winter! Is the 52.6 Billion Bet on 33 Photovoltaic Projects in 5 Provinces a Big Bet or a Foresight?

2025-06-04 12:21:15

The photovoltaic industry, which once took advantage of the "double carbon" Dongfeng to rise, is now in deep winter, and the serious mismatch of production capacity has led to price collapse, enterprise losses, bankruptcy, layoffs and other phenomena. However, under such a difficult background, the deep-seated chill of the market has not stopped the enthusiasm of some local governments to attract investment for photovoltaic projects. Up to now, many parts of the country are still carrying out investment plans to continue to promote the landing of photovoltaic manufacturing projects.

The photovoltaic industry,

which once took advantage of the "double carbon" Dongfeng to rise, is now in deep winter, and the serious mismatch of production capacity has led to price collapse, enterprise losses, bankruptcy, layoffs and other phenomena.

However, under such a difficult background, the deep-seated chill of the market has not stopped the enthusiasm of some local governments to attract investment for photovoltaic projects. Up to now, many parts of the country are still carrying out investment plans to continue to promote the landing of photovoltaic manufacturing projects. According to Digital New Energy DataBM,

the details of "crazy overweight" photovoltaic projects

in

5 places are as follows:

Karamay City in Xinjiang and Habahe County in Altay have released nine photovoltaic investment projects, with a total investment of over 30 billion yuan , involving crystalline silicon and perovskite batteries, components and other links.

Among them, the investment attraction photovoltaic base project released by Karamay City on January 10 includes 12 GW TOPCon high-efficiency photovoltaic cells and 5G W high-power photovoltaic module production line. Total investment up to 109.

are respectively the new project with annual output of 5G W high-efficiency solar cells, High-efficiency photovoltaic module production project, annual production of 3GW high-efficiency photovoltaic module manufacturing project, inverter and electrical equipment production project.

covers the main industrial chain links of drawing rods, slices, batteries, and modules." As well as silver paste, brackets, spare parts and other supporting projects.

400 million yuan , and the annual production capacity of 2G W photovoltaic modules will be formed after the completion of the project.

For example, on May 21, 2025, the Management Committee of Baotou Equipment Manufacturing Industrial Park in Inner Mongolia issued a public consultation announcement on the Industrial Development Plan of Baotou Equipment Manufacturing Industrial Park (2024-2035). According to

the document, for the solar energy industry, by the end of 2030, the park will add 120GW monocrystalline silicon, 60GW slices, 30GW cells and 30GW modules; By the end of 2035, 50GW of monocrystalline silicon, 25GW of slices, 20GW of cells and 20GW of modules will be added.

are predictable, Promoting the expansion of the local photovoltaic industry is still the https://www.databm. in the next 10 years . same problem exists in the Xi'an municipal government.

On May 15, Xi'an , Shaanxi Province, also issued the Implementation Plan for Xi'an to Support the Capacity Improvement of the Photovoltaic Industry Chain (2025-2027). The production capacity of silicon wafers and batteries in the city reached 120 GW and 130 GW respectively, ranking first in the world in terms of silicon wafer shipments; the production capacity of modules reached more than 10 GW, and the production capacity of inverters exceeded 76 GW .

According to public data, the market share of photovoltaic modules in Shaanxi Province has ranked first in the world for three consecutive years, and the shipment of silicon wafers has ranked first in the world for nine consecutive years.

In addition, in addition to the two areas mentioned above, in January and April 2025, Sichuan Province has issued two documents, namely, Several Measures to Support the Sustainable and Healthy Development of Photovoltaic Manufacturing Industry and Work Program for Building a Strong Chain of New Energy Industry Chain in Sichuan Province (2025-2027).

In terms of the layout of the photovoltaic industry chain, it is required to focus on solving the shortage of production capacity of electronic grade polysilicon, photovoltaic glass, silver paste, crucible, battery components and other links . We will consolidate the scale advantages of polysilicon and high-efficiency solar cells, moderately expand the scale of low-consumption and high-efficiency production capacity such as rod drawing and slicing, and develop cutting-edge products such as new high-efficiency solar cells. At the same time, it is required to speed up the research and development of advanced photovoltaic technologies such as large-size ultra-thin silicon wafers, perovskite batteries and compound thin film batteries.

The document points out that by 2027, an industrial cluster with coordinated development of the whole industry chain will be built, with the output value of the industry exceeding 500 billion yuan, and a photovoltaic industry base with important influence in the world will be built.

In recent years, local governments have long been experienced in attracting investment and promoting the healthy development of local economy. It is impossible not to know the problems faced by the photovoltaic industry, but they still ignore the fact that "overcapacity is serious" and it is urgent to speed up the liquidation. They continue to have great enthusiasm for promoting scale expansion. Is it gambling or foresight? The sobering agent of

people who brave a dangerous situation : "cutting down projects" and "changing the track"

However, while large-scale expansion plans emerge one after another, some local governments and some regions are keenly aware of the industry crisis, thus opening up new ways to wake up from the goal of purely pursuing scale leadership. Anhui Province is a typical representative of the transformation to the leading direction of industrial technology.

On April 10, the Information Office of the People's Government of Anhui Province held the "Year of Concentrating on Building Advanced Photovoltaic and New https://www.databm.2024

with International Influence". Anhui Province promptly persuaded and suspended 7 cross-border cell and module projects, involving more than 80 GW of production capacity; no silicon material and silicon wafer (crystal pulling) projects were introduced throughout the year, and the total production capacity of new contracted photovoltaic cell and module projects decreased by 90% and 82% year on year.

Standing in the mid-term stage of "double carbon", photovoltaic industry, as an important force to achieve carbon emission reduction goals, although many regions actively launch attraction plans according to their own development needs, must not "attract investment for investment" and blindly incre ase investment in photovoltaic industry.

At present, under the pressure of serious mismatch between supply and demand and serious price competition, the main industry chain enterprises of photovoltaic industry have entered a large area of continuous loss.

In this context, local governments should focus more on the application of new technologies, increase investment in R & D, encourage enterprises to carry out technological innovation, improve the conversion efficiency and quality of photovoltaic products, and reduce production costs, rather than just focus on those construction projects that have been "rolled up".

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