Photovoltaic capacity after parity on leading indicators will become cycle

Photovoltaic solar photovoltaic webex: parity on the Internet, this article focuses on parity on the Internet after a variable and constant: change the good is a decrease in the policy, increase of cash flow, growth cycle longer valuations and earnings rise; Is the industry advantage backwardness, prices continued to decline, is still the investment risk. Photovoltaic 4 cycle in history is reviewed, and we think the main line is the technological progress and the iteration, but there are so many technical route of uncertainty. Vice industry chain technology is mature, leading advantage obviously, there are more investment opportunities. We are more bullish on industrial structure good photovoltaic glass, EVA film and inverter industry.

we expect 2019/20 global pv demand will be in the 125 s and 141 gw, while 2020 to 25 compound annual growth at 7%, is expected to reach 200 in 2025 gigawatts. At the current domestic investment cost and electricity price calculation, we think that the end of 18 has 2 provincial parity, and fell 20%, while cost completely parity at least 16 provinces in 2020.

the European and American markets overseas will replace demand from traditional units retired, steady growth; And driven by power demand high growth emerging markets, with prices falling demand growth.

as the policy effect is abate, prices and demand will become two dynamic balance factors promoting the development of industry. We think that due to the nature of advantage of backwardness photovoltaic industry, parts of excess production capacity will be normal. And through capacity forecasting pattern price movements will be the demand research of leading indicators.

at present, the pursuit of solar energy photovoltaic generator, day and night for industrial park office supplies electricity for lighting. At the same time, the high and new technology products into mass production, also expects annual output can reach 700 million yuan.

we expect the production pattern, 2019/20 photovoltaic power station overall cost will fall another 16% and 8% respectively, and one of 19 years non-technical cost reduction, the PERC battery link and conversion efficiency contribution respectively 0. 32, 0. 20 and 0. 4 yuan/watt. PERC battery known new capacity growth this year is as high as 32%, and the expansion cycle is short, the upstream production equipment has reached 50 gw orders, so it is possible that in the second half of the price dropped to 1 yuan per watt level. And photovoltaic glass industry capacity bottlenecks, the second half of the quantity and price is expected to get so is chance.

by industry history as you can see, in each round of cycle have a niche business through rapid authors or technological progress, obtain excess return, become a market darling. But first mover advantage cannot maintain the characteristics of excess return can't forever. Child photovoltaic (pv) in the plate glass, EVA film and inverter for technical route, stable pattern of industry concentration, although do not have access to the excess return of technological innovation, but the price pressure is small, can still benefit from the demand growth, bring certain returns through the cycle.

solar photovoltaic network statement: this information is reproduced from the power grid cooperation media or other Internet website, solar photovoltaic network published the article for the purpose of the information, does not mean that agree with his point of view or confirm its description. The article content is for reference only.

years looking for a job is the choice of a large number of job seekers so HR working strength is little sister really hope photovoltaic industry can bring job-seekers remuneration report comprehensive understanding of enterprise's HR as well as provide strong power! Photovoltaic (pv) recruitment network research center launched a joint data & darr; ↓ ↓ 'The photovoltaic industry job personnel salary report 2018' report, very professional, very detailed introduction to the photovoltaic, around each position