The year 2017 will end. China's photovoltaic industry has written a story about a new energy with a strong style. In this year, the photovoltaic industry shines like its dependent sun. At the same time, however, on the eve of parity Internet access, competition in the photovoltaic market is intensifying, industry consolidation is underway, and companies are facing life and death challenges. There are rivers and lakes in places where people are there, and there are stories in places where there are rivers and lakes. In this splendid 2017, there are many stories about photovoltaics, both ups and downs, and there are also high-sounding songs; there are both crises and joint new students; there are both funny farce and thick hair.

At the end of the year, OFweek Solar Photovoltaic Network carefully launched the top ten news events of the 2017 solar photovoltaic industry to readers.

I. Renewable Energy “13th Five-Year Plan”: Issue the PV power plant plan indicators for the next four years

In 2017, the National Energy Administration issued the “Guiding Opinions on the Implementation of the 13th Five-Year Plan for Renewable Energy Development” (hereinafter referred to as the “Opinions”), together with the opinions issued in the 13th Five-Year Plan period of each province. PV power plant planning indicators.

According to the opinion, from 2017 to 2020, the newly installed capacity of photovoltaic power plants will be 54.5 million kilowatts, and the new lead technology base will be 32 million kilowatts. The total annual installed capacity of the two will exceed 21GW.

According to the guidance, the above-mentioned new scale corresponds to only the planned targets of the ground power station, and does not include distributed photovoltaic power generation projects with unlimited construction scale, village-level poverty alleviation power stations, and photovoltaic power plants supporting trans-provincial trans-regional transmission channels. .

In addition, seven provinces (autonomous regions and municipalities) such as Beijing, Tianjin, Shanghai, Fujian, Chongqing, Tibet, and Hainan can manage the scale of PV power plant construction during the “13th Five-Year Plan” period in the region, according to energy planning and market consumption in the region. Conditions and orderly construction are also not subject to the above-mentioned planning scale. However, Gansu, Xinjiang (including the Corps) and Ningxia currently have serious power cuts, and no new construction scale will be arranged for 2017-2020. After the situation of light-limited power cuts is obviously improved, it will be separately studied and determined.

The opinion also requires that the provinces (autonomous regions and municipalities) increase the construction scale in 2015 to prioritize the construction of photovoltaic poverty alleviation power stations, and no longer separately release the scale of centralized photovoltaic poverty alleviation power stations; Hebei, Shandong, Henan, Jiangxi, Hunan, Hubei, Yunnan, Guangdong, etc. The newly-built construction scale of the provinces with a construction scale of more than 500,000 in 2017 is all used to build photovoltaic poverty alleviation power stations.

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Although the annual construction scale is as high as 21 GW, it is unknown for all provinces and individual PV companies, whether they can act according to the plan under the constraints of subsidies and power cuts. Through the information conveyed by the guidance issued this time, it is not difficult to find that there are two main guiding principles for the allocation of ground power station indicators in the future: one is power consumption; the other is subsidy. For the former, the power system capacity will be used as the basis and premise for the annual scale determination and distribution project; for the latter, it will be mainly reflected by the project bidding method. In addition, the allocation of indicators has greatly promoted the development of distributed photovoltaics and photovoltaics.

Second, the green card transaction started: is expected to ease the subsidy pressure

On July 1, 2017, the National Energy Administration organized a green power certificate (referred to as “green card”) voluntary subscription launching ceremony. On the day when the green card voluntary subscription was officially launched, the National Energy Administration, the National Development and Reform Commission and the Ministry of Finance led the way to purchase the green card. More than 20 companies announced their intention to subscribe for the green card. The total number of intentions for the green card was nearly 20,000. At 20 million kWh of green electricity. Experts attending the meeting believed that the implementation of the “Green Certificate” had initially established a market-dependent mechanism for the development of renewable energy, which eased the pressure on renewable energy subsidies.

The so-called green certificate, that is, the green power certificate, is an electronic certificate issued by the state to the power generation enterprise for the non-water renewable energy on-grid electricity per MWh. It is the confirmation and attribute proof of non-water renewable energy generation and consumption green. The only certificate of electricity.

A qualified non-water renewable energy power generation project, in principle, can obtain a green certificate for every 1MWh of electricity generated. The green power certificate issued is the power generation enterprise corresponding to the power generation project. Then, the power generation enterprise that has obtained the green certificate and passed the qualification examination can apply for opening an account on the green power certificate voluntary subscription platform and sell the certificate.

Since the price of the green card cannot be higher than the state subsidy that should be obtained for this part of the clean electricity. According to the current level of subsidies for photovoltaics and wind power, the price of photovoltaic green certificates is around 700-800 yuan, and the price of wind power green certificates is around 180-200 yuan.

Although the launch of the Green Card Voluntary Subscription has sensationalized the entire new energy industry, it does not mean that it has been successful. According to the data, as of September 11, 2017, the Green Card sold nearly 21,000, including 43 corporate buyers, and 18,950 green certificates; the number of individuals purchasing green certificates was 1,357, and the number of purchases reached 1,787. As of October 31, there were 1576 subscribers to the Green Card, and a total of 21,257 green certificates were subscribed.

From the data, it can be found that in addition to the purchase intention of nearly 20,000 green certificates reached on the day of the official launch of the green card voluntary subscription, the sale of the green card can be described as “satisfaction”. Enterprises and people are not strong enough to purchase green certificates. In stark contrast to this is the increasing number of green cards to be listed. As of the end of October, more than 8 million green certificates have been issued, but only more than 20,000 green certificates have been purchased.

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At present, the gap in new energy subsidies is increasing dramatically, and it has become a big problem for the entire new energy industry. Since wind power and photovoltaic power generation companies sell green energy certificates for renewable energy, the corresponding electricity consumption is no longer subsidized by the national renewable energy tariff. Therefore, the sale of green certificates can alleviate the pressure on subsidies that enterprises face. The problem lies in the fact that the green card is not sold, which is expected to be resolved in 2018, because according to the policy, the National Energy Administration will start the renewable energy power quota assessment and the green power certificate mandatory constraint transaction from 2018 on time. If the renewable energy power quota assessment and the green power certificate mandatory transaction are initiated in 2018, it will be a feasible solution for enterprises that are suffering from subsidies and are struggling with shortage of funds.

3. Poly GCL and Central Shares: Inter-era alliance between single crystal and polycrystalline giants

Since the development of the photovoltaic industry, the controversy about the two technical routes of single crystal and polycrystalline has been a hot spot in the industry. In recent years, single crystal technology has achieved breakthrough development, and the cost has been reduced unprecedentedly. Some industry insiders once thought that single crystal will replace the dominant position of polycrystalline in the industry. However, the development of polycrystalline technology is not too much, and the popularity of diamond wire cutting technology has further reduced the cost of the polycrystalline industry. Since the beginning of this year, Longji has disclosed its world-leading single-crystal low-attenuation technology to the industry. Later, GCL-Poly announced the transfer of mature black silicon texturing technology for TS products. The development of single crystal and polycrystalline can be said to go hand in hand. Successive. Different from the situation of polycrystalline one in previous years, the two technical routes of single crystal polycrystal are developing rapidly, and no one can determine whether the future is a single crystal or a polycrystalline world.

Under this circumstance, single crystal and polycrystalline enterprises that were originally in politics and even often swayed each other quietly changed their attitudes. GCL is laying out the entire PV industry chain, including the single crystal industry; Central shares have also begun to invest in the polysilicon industry. On August 11, 2017, the news of the signing of a cooperation agreement between polycrystalline faucet GCL-Poly and the single-crystal faucet Zhonghuan shares shocked the entire photovoltaic industry.

According to the agreement, the two parties will cooperate in various aspects. Among them, in the production and manufacturing of polysilicon, Zhonghuan will increase the capital of Xinjiang polysilicon project under construction by GCL-Poly; in the production and manufacturing of monocrystalline silicon rods, GCL-Poly will participate in the Central Photovoltaic Phase IV monocrystalline silicon under construction in Zhonghuan. Part of the equity of the stick project, and the follow-up parties agreed to jointly invest in the construction of a new single crystal silicon rod project; in the processing of monocrystalline silicon wafers, Zhonghuan will regard the demand for processing capacity of single crystal silicon wafers, and participate in the target section of GCL-Poly In the factory, GCL-Poly will transfer part of the equity to Zhonghuan by way of equity transfer, and jointly seek for the matching of the production capacity of the single crystal silicon rod manufacturing process and the processing of the monocrystalline silicon wafer. In addition, on the basis of the above equity cooperation, the two parties will conduct all-round exchanges and cooperation in the development of photovoltaic power plants and related management, technology and R&D of the photovoltaic industry.

According to the contents of the agreement, the cooperation between GCL-Poly and Zhonghuan includes project capital increase, equity participation, capacity matching, etc. It is not difficult to find that the cooperation between GCL-Poly and Zhonghuan is not just strategic. Cooperation, but involves deep cooperation in many aspects such as technology, capital, and equity. As each of Giesin and Central, the leading companies in the field of polycrystalline and single crystal, the business, technology and industrial layout of the two sides are highly complementary.

In October this year, the cooperation between the two giants officially kicked off. The Zhonghuan subsidiary and the Poly Group have jointly invested in the establishment of Inner Mongolia Xinxie Photovoltaic Materials Co., Ltd. (referred to as “Central GCL”).

According to the information, the registered capital of Central GCL is 10 million yuan, and the capital composition is: 1.5 billion yuan of shares invested by Zhonghuan, 15% of shares held; Central PV invested 5.5 million yuan, holding 55%; Suzhou GCL invested 3 million Yuan, the shareholding ratio is 30%.

In fact, the hands of GCL and Central have already begun to take shape. On June 30 this year, Tianjin Central has announced a stake of 150 million yuan in Xinjiang GCL, with a 10% stake. It was not until August 11 that the two companies officially “married”.

On the evening of November 28, GCL-Poly and Zhonghuan announced at the same time that Tianjin Zhonghuan had invested RMB 300 million in the investment of RMB 450 million after the investment of 150 million in Xinjiang GCL, and after the completion of the share transfer, GCL-Poly and Tianjin Zhonghuan will hold 70% and 30% of the issued share capital of Xinjiang GCL, respectively. At the same time, GCL-Poly, Tianjin Central, and Inner Mongolia Central jointly increased the capital of Inner Mongolia GCL by 2.99 billion yuan. After the capital increase is completed, the registered capital of Inner Mongolia Xinxie Xinxin will increase from 10 million yuan to 3 billion yuan, and the shareholding ratio will remain unchanged.

The cooperation between GCL and Central is only the beginning in 2017. If everything goes well, they will have more in-depth cooperation in the future.

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As Zhonghuan said in the announcement, the holding of GCL and Central marks that the commercialization process of the global PV industry has gone from puberty to maturity. This time, GCL-Poly and Zhonghuan seem to be shocked by the cooperation of the four, but it is also the inevitable market development. At present, China's photovoltaic industry seems to be only a short distance from the photovoltaic Internet, but there is still a long way to go. The realization of affordable Internet access is not achieved by the installed capacity. What is needed is the optimization of the technology of the entire PV industry chain, the cost reduction brought by industrial upgrading and the efficiency improvement brought by the advancement of battery technology. In terms of industrial technology, China's PV industry is facing bottlenecks in recent years.

Any single technical advantage is difficult to directly generate economic benefits, but the combination of multiple advanced technologies can often produce unexpected results. Under the rapid development of the photovoltaic market, enterprises with technological and industrial advantages will also cooperate to generate greater economic benefits and share the huge photovoltaic market.

Fourth, Hanergy resumed the final progress of Li Hejun led the 8-year ban

On September 4, 2017, Hanergy Film released the latest announcement on the resumption of progress. According to the announcement, Hanergy has completed one of the two necessary conditions for the resumption of the Hanergy stock, and the resumption of the card has progressed. According to the announcement, Li Hejun may no longer serve as a director of any Hong Kong listed company or non-listed company or participate in any management work, and the qualification will be disqualified for 8 years.

On August 29, 2017, in the hearing of the Court of First Instance of the Hong Kong High Court on whether to cancel the qualifications of the former chairman of Hanergy Film Power, Li Hejun and four independent non-executive directors, the Hong Kong Securities and Futures Commission (CIC) on behalf of the lawyer requested cancellation Li Hejun’s directorship and Li Hejun’s 12-year ban.

Prior to this, the CSRC proposed two necessary conditions for the resumption of trading:

First, Li Hejun and four independent non-executive directors (including Zhao Wei, Wang Tongyu, Xu Zheng and Wang Wenjing) agreed to commence the civil procedure of section 214 of the Securities and Futures Ordinance (Cap 571) in the SFC ("Section 214" ") the non-defense responsibility and the court order sought by the CSRC;

Second, Hanergy needs to issue a disclosure document detailing the company's activities, business, assets, liabilities, financial performance and prospects.

At present, the first necessary conditions for the resumption of trading by the CSRC have been completed, and Li Hejun faces an eight-year ban. In addition, Hanergy stated in the announcement that it will continue to do its utmost to achieve the second necessary conditions for the resumption of the disclosure document.

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Although Hanergy film turned around last year, it took Mobai and Audi to release various products. Recently, it has also “joined” Beiqi New Energy. It is a good thing, but the resumption of trading is still the key to Hanneng’s return to its peak. The tough attitude of the Hong Kong Securities Regulatory Commission once caused Hanergy's resumption of trading to be deadlocked. In fact, regarding the suspension and resumption of trading, the focus of the SFC investigation has always been on the financial and related transactions of Hanergy Film. Hanergy Film and Li Hejun did not violate the relevant regulations. After the investigation by the Securities and Futures Commission, Hanergy Film will resume trading and will explode.

Five, Longji shares single crystal PERC battery efficiency breakthrough

In recent years, under the guidance of the PV leader plan, the trend of China's PV market shifting to high efficiency has become obvious. A variety of high-efficiency components have won the market with excellent performance, and the market share is on the rise. Among them, PERC components are the most popular. At present, domestic first-tier manufacturers such as Longji, GCL, Jingke, Jingao, Tianhe, and Artes are actively expanding production, and PERC components have led the PV market in 2018.

On October 17, 2017, Longji announced that it has passed the test of Fraunhofer ISE CalLab, and its photoelectric conversion efficiency of single crystal PERC reached 22.71%, setting a new world record for PERC battery.

Just ten days later, on October 27, Longji announced that it would refresh the conversion efficiency of single crystal PERC to 23.26%.

Prior to this, the industry generally believed that the PERC battery production efficiency limit was within 23%, and the subsequent development seems to verify this statement, the PERC battery efficiency record has not broken 23% for a long time. Therefore, the efficiency of Longji's 23.26% not only set a new world record, but also broke through the so-called efficiency limit, let people see the huge potential of PERC technology for battery efficiency.

After continuously refreshing the world record, Longji announced the expansion plan in due course, indicating that the existing 5GW single crystal module production capacity will be converted to PERC production line in the second quarter of 2018. It is understood that Longji plans to introduce 22% efficiency PERC battery technology into the production base at the end of this year. It is expected to superimpose the new technology of components in 2018 and realize the component power of 340W-345W.

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Experts predict that the efficiency of single-crystal PERC components will have a lot of room for improvement, and can be increased to 24% in the future. Polycrystalline PERC is not too much. At present, GCL Integration has announced that it has effectively solved the decline of polycrystalline PERC batteries. Its high-efficiency polycrystalline black silicon PERC battery production capacity has exceeded 1GW, and it is expected to reach 2GW by the end of the year. Breaking through to 20.5%. Therefore, both single crystal and polycrystalline are stepping up the expansion of PERC production line. PERC production capacity will reach 20GW by the end of 2017, and by 2020, PERC production capacity will reach 65 GW, and shipments will account for 50% of the entire PV market. Overall, PERC will become the mainstream of the PV market in the next three to five years.

Sixth, Hairun farce: Photovoltaic "veteran" life is more than a mile

As an established PV company, Hairun Photovoltaic was founded by the father of photovoltaics “Yang Huaijin”. It has experienced more than a decade of ups and downs together with the photovoltaic industry. It is a “veteran” in the photovoltaic industry. It is reasonable to say that after the downturn of the photovoltaic industry, the enterprises that still stand still are big bulls. In the era of the outbreak of the industry today, most of the enterprises that have experienced the cold winter of photovoltaics have achieved great development, and most of them have become the industry. The leader. However, Hairun PV is a special one. In just three years, Hairun PV has twice been wearing a hat.

In 2017, the independent director of Herun Photovoltaic Co., Ltd. “Remove the position of director of Meng Guangbao” was aroused. After that, former director Meng Guangbao gave a bite to Hairun and made people scream, and the ins and outs of this matter had to come from Hairun. The development in recent years has been detailed.

Due to repeated problems in business conditions, Hairun PV has been actively looking for war crimes in order to tide over the difficulties. In this process, Huajun Power's active cooperation gave Hairun a life-saving straw. At that time, Hairun Photovoltaic finally met its own "White Horse Knight". According to the data, Huajun Power has owned a subsidiary that can produce PV modules before, and has contact with many PV companies in Jiangsu. The mergers and acquisitions span the upper, middle and lower reaches of the PV industry. Its parent company is Huajun. Holding, the actual controller is Meng Guangbao, and Meng Guangbao is the protagonist of Hairun’s farce this year.

On March 21, 2016, Hareon Solar issued a plan to increase the total amount of funds raised by about 2 billion yuan. After the completion of the fixed increase, “Huajun Department” became the largest shareholder of Hairun Xinjin. Since then, Hareon Solar has hired Mr. Meng Guangbao as the company's president in June 2016. In January 2017, Hareon Solar issued a plan for the increase (revised draft). After Huajun Power subscribed for this non-public offering of shares, the shareholding ratio will reach 10.44%. Huajun Power’s actual controller Meng Guangbao and his spouse can control The shareholding ratio is 10.54%, which can control the major financial and operational decisions of Hairun PV and formally become the actual controller of Hairun PV. After this, “Huajun Department” executives fully entered the board of Hairun Photovoltaic, and 4 of the 5 non-independent board seats were occupied by “Huajun Department”. Meng Guangbao began to have absolute control over Hareon Solar.

Hairun Photovoltaic expects to realize the dream of 100 billion market value PV companies under the leadership of Meng Guangbao. Whoever wants to turn things off, Meng Guangbao’s leadership seems to be a bit “offset”.

According to the data, in the second half of 2016, under the leadership of the new chairman Meng Guangbao, the solar energy company Hairun has invested heavily in real estate business and established many real estate companies. Moreover, a large amount of investment has brought huge debts to Hareon Solar. According to statistics, the short-term borrowing of Hareon Solar in 2015 was only 800 million yuan. In 2016, this figure soared to 3.2 billion yuan, only in the second half of 2016. Short-term borrowing of photovoltaics has increased by 2.2 billion yuan.

In April 2017, Hareon Solar released its 2016 annual results forecast. In 2016, Hairun's PV loss was nearly 1.2 billion yuan. In connection with its net profit growth in the first half of 2016, such a huge loss in the whole year is really staggering. To make matters worse, due to the unaudited audit report issued by Dahua Certified Public Accountants (special general partnership), Hairun Photovoltaic, which has just “capped”, once again “wears a hat”.

The decline in performance, lack of internal control, high debt, and investment in real estates that are not related to the main business are all changes in Hareon Solar after the arrival of the “Huajun”.

As of the close of April 28, 2017, the total market value of Hairun PV fell below 10 billion yuan. On the 3rd of May, the resumption of trading began, and the stock of the star wearing the hat *ST Hairun appeared five consecutive "one" words and fell to become "1 yuan stock".

On July 10, 2017, Xu Xiaoping, an independent director of Hairun Photovoltaic, invited an extraordinary shareholders meeting to request the removal of Chairman Meng Guangbao. On the evening of July 12, Hairun issued a notice stating that the company's extraordinary meeting of the board of directors held on July 12 reviewed and approved three proposals on the removal of Meng Guangbao's president, chairman and directors, and all three proposals were in favor of 6 votes. One vote against it was passed. It is worth mentioning that the only negative votes obtained by the three motions were all cast by Meng Guangbao himself.

Since then, *ST Hairun recalled the "Lao Chen", appointing Qiu Xin as the company's president and Li Yanren as the company's chairman. The disappointment of the director of *ST Hairun has finally come to an end.

After the "Huajun Department" was forced to withdraw from Hareon Photovoltaic, Meng Guangbao, who was dismissed, was not reconciled. In the face of the question of the transfer of benefits from Hairun to the "Huajun Department" company, he declined and said that he provided Hairun Photovoltaic. A number of guarantees, said that it is still owed by Hairun. In the subsequent announcement, Hairun denied the statement of Meng Guangbao and no longer responded to Meng Guangbao’s voice.

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For a long time, there has been no problem with the technology held by Hairun. The problems they have have are more in decision-making and management. After a year of turbulence, Hairun Photovoltaic was finally on the right track under the leadership of a group of veterans. In the rapid development of the photovoltaic industry, Hareon Solar still has the opportunity to regroup and realize the dream of the initial “100 billion market value”. Looking forward to the future, Hareon Solar should focus on industry trends, develop efficient and superior products, and reduce production costs. On the other hand, Hareon Solar needs to introduce a strong strategic investment to revitalize capital flows, allowing companies to make a difference under the wind of distributed PV. It is believed that in the next 2018, the "veteran" of Hareon Solar will be able to move forward and move forward.

Seven, Green Energy is now redeeming the crisis: the future is hard to find a way out

As the first Internet finance company in the photovoltaic industry to land on the Nasdaq market in New York, at the beginning of the NASDAQ in 2016, Green Energy carried many expectations from the industry. The propaganda of Green Energy has also achieved good results, creating the pioneering concept of “Internet Finance + Photovoltaic”, the endorsement of the pianist Lang Lang, Shi Yuzhu, Xu Jiayin and other capitalist predators, for a while, bus, subway The station can see the advertisement of Green Energy. Green Energy Poetry also lived up to expectations. In the early days, it achieved good results, but it didn't last long. Soon after, Green Energy was questioned because of the "self-inflation" suspicion.

On April 17, 2017, Green Energy released a joint statement stating that due to delays in PV subsidies, etc., the platform was found to be overdue. And promise that the longest will be paid to the investors through the platform on the T+30 day in accordance with T+30 days, and compensate accordingly.

But in this redemption crisis, Green Energy’s resentment has provoked investor anger. First of all, Green Energy's redemption rate is slower and slower. According to statistics, Lunengbao’s overdue payment amounted to more than 220 million yuan, involving 5,746 online investors. According to the promise, Green Energy needs to complete the redemption of these investors within 180 days. However, as of June 21, Green Energy The number of investors paid by Bao was only 206, and the total amount of redemption was 3.27 million yuan. After July, the rate of green energy redemption suddenly slowed down. Seeing that the promise could not be fulfilled, the relevant person in charge of the green energy treasure or even the broken cans broke the "slowest 30 years to complete the redemption" remarks, completely let the investors out of anger. Secondly, Green Energy is not only slow to pay, but also the amount of redemption is very low. Until the so-called 180-day redemption period is approaching, Green Energy can only pay millions of dollars, compared with 220 million overdue payments. The amount is simply a drop in the bucket.

After the green energy insurance redemption crisis broke out, many investors who felt cheated went to Shi Yuzhu Weibo, who was originally suspected to be the Lunengbao platform, to leave a message: pay back! Capital crocodile Shi Yuzhu was uncomfortable, and eventually Weibo denied that he was a shareholder of Lunengbao, and repeatedly stressed that his only relationship with SPI Green Energy is that SPI owes him money. Shi Yuzhu finally said that he had already told SPI founder Peng Xiaofeng to urge him to repay.

What makes people feel embarrassed is that in the face of the crisis, there are also big problems inside Green Energy. Since the outbreak of the crisis, Green Energy’s offices in Shanghai and Beijing have been vacant, and “the founder Peng Xiaofeng has run the road” and other rumors. In the face of investors' doubts, Mao Yifeng, the person in charge of Green Energy's redemption, promised that Green Energy will never run, and promised to pay no less than one time a week, and 30 yuan to complete the redemption. The longest redemption period of "the slowest 30 years" has caused the industry to be in turmoil, but what is even more surprising is that Mao Yifeng, who made this commitment, resigned from Green Energy after 12 days. According to the news, Mao Yifeng’s resignation letter mentioned that in the second half of 2016, the Green Energy Group’s 20% salary was not reissued in the name of performance, and it has been owed three months. The person in charge of the plausible words resigned in a blink of an eye, and after the resignation, he also slammed it. The internal interaction of Green Energy is called a wonderful one!

On the other hand, the Suzhou Industrial Park Branch of the Suzhou Public Security Bureau has already rumored that Green Energy has filed a case investigation on “suspected illegally absorbing public deposits”. Green Energy was immediately a street mouse. The worst thing was investors. After Mao Yifeng resigned, even the "slowest 30 years" payment was not reliable. Their money didn't know when they could get it back. At that time, the media joked: Say good 30 years to pay?

Inside and outside the worries, Green Energy's parent company, SPI, which has just been listed on NASDAQ for more than a year, is facing delisting risks. From the first day of SPI's listing to the Lunengbao redemption crisis, its share price fell from $18.9/share to $1/share, plummeting 95%. According to Nasdaq’s delisting standards, if the stock price is lower than “1 US dollar” for a long time, it may be forced to withdraw from the market. In addition, the financial report shows that SPI has been losing money since 2015, and the loss is expanding.

In this case, SPI received a delisting ruling from the NASDAQ exchange on June 30. Fortunately, SPI seized a temporary life-saving grass and promptly applied for a hearing from Nasdaq. In accordance with relevant regulations, the Nasdaq exchange suspended the delisting process for SPI, and SPI was able to open normally on July 12. But this is only temporary, because once SPI is unable to fulfill the various requirements of the hearing, SPI stocks may still be terminated on Nasdaq.

At present, the crisis caused by overdue payment is far from over, but to the slightest comfort of investors, after a few months of silence, Green Energy finally released the latest announcement on October 12. According to the announcement, the latest overdue total amounted to RMB 631,134,900 (including the application for withdrawal of over RMB 477,710,100, and the unexpired project investment of RMB 143,423,900), involving 11,064 online investors. As of October 11, Green Energy successfully paid 1,313 people, totaling 10,214,281 yuan; 9,751 people still have to pay.

From 220 million to 630 million, the overdue amount of Green Energy has nearly tripled in a few months. It can be seen that the number of investors applying for withdrawal has increased, almost doubling. The good news is that Green Energy has started a relatively stable redemption since October 16. The redemption information released from the official website of Green Energy can be found. From October 16th to December 8th, Green Energy will invest every week. The person pays 4-5 times, and the amount of redemption is 260,000 yuan each time. The number of people who pay each time is about 50. Recently, Lunengbao issued a statement on the temporary adjustment of the redemption plan, saying that due to the recent difficulties in electricity revenue, the daily redemption amount was temporarily adjusted from 260,000/day to 130,000/day. Lunengbao also said that it is expected to return about 50 million yuan before the end of the year. After the funds are in place, the redemption will be increased.

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Compared with the overdue payment amount of 630 million, the amount of redemption of more than 10 million seems to be a small one. Green Energy's redemption crisis is far from dissipating, and SPI is still difficult to get rid of the shadow of delisting. It seems that the settlement of the overdue event is a long-term battle for Green Energy. It is not known whether they can survive the crisis. The Green Energy in 2018 is still unpredictable.

Eight, industry focus: the leader base landing

On September 22, 2017, the National Energy Administration issued the Notice on the Implementation of the “Leader of Photovoltaic Power Generation” and the Implementation of the Leading Base Construction in 2017. According to the notice, it is planned to build no more than 10 application lead bases in this period. The three technology-leading bases, in which the application-leading base and the technology-leading base are no more than 6.5 million kilowatts and 1.5 million kilowatts respectively. With the issuance of the notice, the competition of the third batch of front-runner bases in major provinces and cities has also begun. The third batch of photovoltaic “leaders” plans to build no more than 10 application lead bases and 3 technology lead bases, which are voluntarily declared by local governments and are preferably generated through competition.

On November 22, 2017, the official website of the National Energy Administration announced the list of the leading bases for photovoltaic power generation applications and technology leading bases in 2017. According to the announcement, the third batch of photovoltaic “leaders” plans to optimize the application of ten applications nationwide. Base, three technology leads the base.

Application lead base preferred public information table

Technical Leading Base Preferred Information Sheet

Compared with the previous two batches of “photovoltaic leader” bases, there are several different places in the third batch of “photovoltaic leader” bases. First, the newly-launched technology-led base mainly uses cutting-edge technologies or breakthrough technology products that are independently developed and not yet applied in the market, in order to promote cutting-edge products that have not yet completed production lines and formed production capacity. Second, the system of work incentives and punishments has been improved. According to the plan, the control base of each phase of the pilot base is 8 million kilowatts. The 13 front-runner bases total 6.5 million kilowatts, and the reserved size of 1.5 million kilowatts will be added to the construction of the base of the project, such as the speed of construction, the implementation of the grid-connected implementation, and the implementation of the implementation. encourage. Third, the efficiency of the components used is increased. The photoelectric conversion efficiency of the polycrystalline silicon battery module and the monocrystalline silicon battery module used in the application of the leading base should reach 17% and 17.8% respectively; the photoelectric conversion efficiency of the polycrystalline silicon battery module and the monocrystalline silicon battery module used in the technology leading base should be respectively It reached 18% and 18.9% or more.

It is understood that the application leading base will complete the competition optimization before March 31, 2018, all construction will be started before June 30, and all capacity will be built into the grid before December 31; the technology leading base will complete the competition optimization before April 30, 2018. All construction starts before March 31, 2019, and all capacity will be built into the grid before June 30.

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The “Photovoltaic Runner” project has a self-evident importance for the photovoltaic industry. Rather than saying that the "photovoltaic leader" project represents the most advanced products and technologies in China's photovoltaic industry, it is better to say that the "photovoltaic leader" project is the "wind vane" of China's photovoltaic power generation cost level. In recent years, the implementation of the “Photovoltaic Runner” program has not only accelerated the marketization and application of photovoltaic technology, but also contributed to the decline in photovoltaic power generation costs and the reduction of electricity prices.

Nine, the largest restructuring of central enterprises settled: the world's largest renewable energy power generation company was born

On November 28th, the National Energy Investment Group Co., Ltd. (hereinafter referred to as “National Energy Group”) was formally established in Beijing. The largest restructuring of the central enterprises was finally settled.

The National Energy Group was formed by the merger and reorganization of Shenhua Group Co., Ltd. (hereinafter referred to as “Shenhua Group”) and China Guodian Corporation (hereinafter referred to as “Guodian Group”). The assets are over 1.8 trillion yuan and have 330,000 employees. Research institutes and 6 technology companies have become one of the largest energy companies in China after the State Grid and the two major oil companies.

The National Energy Group has created four “world's best”. They are: the world's largest coal company, the world's largest thermal power company, the world's largest renewable energy power generation company and the world's largest coal-to-liquid and coal chemical company.

至此，长久以来关于神华集团与国电集团的“绯闻”终于落地，国电集团是国内五大发电集团之一，风电总装机居世界第一；神华集团是以煤为基础，煤、电、路、港、航一体化发展的综合性能源集团，这两家企业合为一体，今后该如何发展？

国家能源集团董事长乔保平表示,集团将聚焦煤炭、发电主业,大力实施“三去一降一补”,化解产能过剩,优化布局结构,推进绿色发展,大力实施创新驱动发展战略,全面深化内部改革,加快完善现代企业制度,积极发展混合所有制经济,加大“走出去”力度,全力打造具有全球竞争力的世界一流综合能源集团。

虽然国家能源集团成立之后，未见什么大动作，但是在新能源大势之下，作为世界最大的可再生能源发电公司，国家能源集团必然会在新能源发电领域有布局。

而在重组之前，神华集团曾表示，已经编制了新能源发电装机千万千瓦路线图，计划到2018年集团风电、太阳能发电装机突破1000万千瓦，重点在新能源发电消纳较好的中部、东部区域建设新增项目。而在此之前，国电集团已经是风电总装机居世界第一的企业。新成立的国家能源集团或将延续两家企业对新能源的发展模式，着力布局风电及太阳能发电。

编辑点评：

国家能源集团的成立标志着世界最大的可再生能源发电公司的诞生。近年，以光伏、风电等为代表的新能源的高速发展与煤炭业的日薄西山形成了鲜明的对比。神华集团在合并前夕对新能源领域的一系列布局彰显了神华集团对新能源发展的重视，这也说明了能源清洁化已经是大势所趋。为顺应行业趋势，新集团或将加强新能源版块的布局，并对新能源行业起到积极的影响。在这雾霾漫天的时代，业内人士都希望新的集团能够对我国的新能源发展作出良好的示范及推进作用。

十、沸沸扬扬：美国启动“201调查”

2017年4月27日，美国太阳能公司Suniva提请美国国际贸易委员会（ITC），要求运用“201条款”，对非美国制造的所有太阳能光伏产品实施贸易救济，设立最低进口价格。随后一个月，ITC发布公告，称应国内光伏企业Suniva申请，对全球光伏电池及组件发起保障措施调查（“201”调查）。

而根据ITC公告，由于案情复杂，“201”调查将延期至30天至9月22日做出损害认定，并在11月22日前向总统提交调查报告。

美国时间9月22日（北京时间9月23日凌晨），ITC就5月17日立案的光伏电池及组件“201调查”作出损害裁决，认定进口产品对美国内产业造成了严重损害，下一步将研究对进口产品采取限制措施。

目前，ITC已经向美国总统特朗普提出了3份不同的贸易救济措施建议，其主旨是通过配额、关税以及许可证等形式来限制光伏产品进口。是否采取贸易救济措施，以及具体采用何种贸易救济措施，最终将由特朗普作出决定，并于2018年1月12日起采取保护措施。

对于闹得沸沸扬扬的“201”调查，中国商务部贸易救济调查局局长王贺军表示，美国此举不仅增加光伏产品全球正常贸易的不确定性，也无助于美国内光伏产业整体健康、均衡发展。

如果Suniva公司的这一申请如果通过，全球光伏贸易战将全面升级。鉴于此，国内包括协鑫、隆基、阿特斯、晶科、晶澳、天合光能等十多家巨头企业曾公开发布声明反对美国“201”贸易调查。

事实上，不止我国光伏界对美国“201”贸易调查强烈不满，美国国内的反对声也是此起彼伏。据了解，ITC作出损害裁决之后，美国有16名参议员和53个众议院联名起来反对“201调查”，而且有来自内华达州、科罗拉多州、马萨诸塞州、北卡罗来纳州的四位州长向ITC递交了联名信，认为“201调查”将对其所在州的太阳能产业造成毁灭性打击，导致空前的失业。

而对美国“201调查”反应最激烈的貌似是韩国，据报道，针对美国“201调查”，韩国贸易、工业及能源部可能向世贸组织提出申诉。

编辑点评：

从欧盟的双反到美国的“201调查”、“301调查”，再到印度的双反，我国光伏产业貌似受到了全球主要光伏市场的“围攻”。为什么欧盟、美国、印度这些光伏产业发展相对较好的国家都对中国光伏进行贸易管制？所谓“双反”及“201调查”，都是为了保护本土产业，反倾销的手段，这些国家不断的贸易管制从一个侧面印证了中国光伏的强大。近年来，德国、美国等国家的光伏企业一个接一个的倒下，相反中国的光伏企业却个个蒸蒸日上，现在的中国光伏在多个产业链占到了80%左右的市场份额，已经开始向全球扩散自己的影响力。在此情况之下，这些国家对中国进行“围攻”似乎也情有可原了，目前来看，无论是欧盟、印度的双反，还是美国的“201调查”，都无法阻挡中国光伏产业的崛起。

来源：脉脉