The most popular rumour is that Buffett will take

2022-07-24
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It is said that Buffett will take over the photovoltaic industry of Suntech, which may be "demonized"

recently, the photovoltaic industry has aroused public discussion again after the bankruptcy of Suntech. In particular, it is said that Buffett will take over Suntech, as if China's photovoltaic industry will rise again. It is unknown how many more Suntech will emerge in China

Hong Kong media have reported that Buffett's company has issued a report that it intends to acquire Suntech, a solar panel manufacturer, mainly because Suntech's production capacity is conducive to the development of two large-scale solar projects in California of SunPower, a subsidiary of Sino US energy, and Sino US energy is willing to directly buy Suntech before restructuring

China's photovoltaic industry was once "demonized"

in 2011, China's photovoltaic industry showed a rapid development momentum. In 2011, the annual export volume of solar cells reached US $22.67 billion, a year-on-year increase of 12.3%. The annual output of solar cell modules will reach 21gw, accounting for 60% of the global total output, ranking first in the world for five consecutive years. In 2011, the annual import volume of upstream polysilicon reached US $3.8 billion, with an import volume of 64600 tons, a year-on-year increase of 36%. Domestic polysilicon production capacity has also been gradually released, reaching 84000 tons, ranking first in the world. Wuxi Suntech is currently the largest photovoltaic cell manufacturer in China. Shizhengrong, the chairman of Suntech, was once the leading person in China who became the richest man by engaging in new energy. He is also known as the "godfather of photovoltaic". Since then, the rising model of Wuxi Suntech has ignited the enthusiasm for photovoltaic manufacturing in all parts of China

Suntech's success has enabled local governments to see the opportunities and bright prospects for photovoltaic wealth, and local governments have begun to follow the example of photovoltaic industry. The governments of Jiangsu, Hebei, Zhejiang, Henan, Anhui and other places are promoting photovoltaic, and dozens of photovoltaic industrial parks have been established nationwide. With the promotion of the government, some local established enterprises and listed companies have also begun to transform photovoltaic manufacturing, and the whole industry is in a hot wave

however, due to heavy reliance on the international market, after the financial crisis, the demand for photovoltaic products in the international market dropped sharply, leading to serious overcapacity problems for photovoltaic enterprises. Moreover, the "double anti" investigation conducted by some countries on Chinese photovoltaic products to protect the screen from external shocks has made the relevant enterprises "even worse". In particular, the bankruptcy of Wuxi Suntech, a former leading enterprise, once again declared that China's photovoltaic industry had reached a desperate situation

learn from experience. The photovoltaic industry is moving forward in difficulties. Wuxi Suntech went bankrupt and restructured, marking that the photovoltaic industry has entered the process of industrial capacity reduction. Some local governments have gradually realized that the photovoltaic industry has duplicate construction and accelerated downsizing. Local governments have also participated in the bankruptcy and reorganization of the photovoltaic industry. In April this year, Hohhot set up a leading group for the special promotion of the photovoltaic industry under the personal command of the mayor, newly planned a 25 square kilometer photovoltaic industrial park, and launched a package of preferential policies to promote the industry by resource allocation and attach importance to the environmental friendliness, safety integration and upgrading of the whole process of research and development, production and use of new materials. Supporting coal resources for industrial investment and financial services are especially highlighted in the support of special funds. It is stipulated that for the investment in polysilicon and supporting industries, 100million tons of coal resources will be allocated for every 2billion yuan; Hohhot supports enterprise financing by means of guarantee and mortgage through government holding guarantee companies

not only local governments, but also enterprises are stepping up the process of bankruptcy and reorganization. On march20,2013, it was ruled by Wuxi intermediate people's court for bankruptcy and reorganization according to law. During the bankruptcy and reorganization period, a very important work of the bankruptcy and reorganization team is to introduce new strategic investors interested in Suntech's bankruptcy and reorganization. Buffett's company reported that it intends to acquire Suntech, a solar panel manufacturer, in order to facilitate the development of SunPower's two large-scale solar projects in California under Sino US energy, and then restructure. Although the Wuxi Municipal Government refuted the rumor that it was the other party's "wishful thinking". However, the stock market was moved by the news, and the share price of Suntech Power rose 15.63% on Monday. Based on this rumor, the photovoltaic industry will be brilliant again; The argument of "salty fish turning over" in China's photovoltaic industry is rampant

but every industry has its own development law. According to the traditional economic principles, the invisible hand of the market can automatically adjust the surplus and shortage through the price to save the high cost and tedious coating process, so the overcapacity can be solved. However, for China's photovoltaic industry, the problem seems not so simple. Overcapacity in China's photovoltaic industry is the result of various reasons. In this sense, vigorously promoting technological innovation is the most essential core element to solve the so-called problems of excessive investment and overcapacity. At present, the core technical strength of China's solar photovoltaic industry is relatively weak on the whole. If the technology cannot be rapidly improved, the industrial chain cannot be optimized and integrated, and there is no effective innovation, the spring of China's photovoltaic industry may still be far away

it is true that we hope Suntech can be reborn after bankruptcy and reorganization. After all, as the leader of China's photovoltaic industry, the optical power thermal analyzer shines laser light on the surface of nano thin film materials and is still well-known in the international market. But no matter how you are reborn, don't forget what "original sin" caused today's industrial dilemma in the past? In the process of photovoltaic industry restructuring, local governments need to be enthusiastic, but they must not become investment "impulse". Because the development of industry, like the development law of ordinary things, should follow a certain path or process. In the whole process, there will certainly be corresponding problems. Remove the halo of "strategic emerging industry" of the photovoltaic industry and look at this industry with an ordinary mind. Perhaps the spring of the photovoltaic industry is really close. Zhonghua glass () Department

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