Polaris solar pv report for the annual 2020 new energy strategy: parity new times youth of new energy

Determine in policy guidance and new installed capacity will be a record year: policy, prompting 2019 open 3 years rob loading cycle, industry bidding size and price are more than expected, operator capital spending, is expected to 2019 grid size 25 gigawatts (gw), 28 - lifting More than 30 gw, grid size 30 gw in 2020, is expected to reach 35 - lifting scale 40 gw, a historical record. Battery, the PERC battery into the mainstream, wind power projects in henan efficient products to accelerate the parity. Solar photovoltaic (pv) network statement: this information is reproduced from the media or other Internet web site, network cooperation photovoltaic stents 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. Silicon single crystal alternative trend clear, 19 years single crystal permeability is expected to be 62%, leading enterprises to improve the wafer size, silicon is a potential bigness. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group the people vote for 200 mw, 190 mw hubei energy group, huaneng 180 mw content are for reference only. Risk tip: photovoltaic power less than expected, photovoltaic international trade friction intensified, discard power brownouts intensifies, the photovoltaic industry chain price fluctuations, photovoltaic policy was less than expected, which installed less than expected, photovoltaic raw material price fluctuations, abandon the severe wind power brownouts, operators than expected capital spending, such as currency fluctuations. Efficient product in the absolute mainstream, impels the authors stimulus parity requirements. Low after high before domestic demand in 2019, the year is expected to 37 - 38GW。 The bidding price stabilisation picks up, leading company in quantity, so is. Looking to parity era, authors drive industrial upgrading, under the large scale and the globalization trend, only high quality leading manufacturing enterprises can achieve high-end products matching and global supply. Medium to long term, as the electricity cost to fall, parity projects become major deltas, heating system is installed to endogenous demand driven. Authors efficiency principles, HJT heat tracing system, biomass power engineering TOPCon parallel development?

investment advice: in the short term, domestic policy, Q4 demand, superposition of the season at home and abroad, industry chain prices strong support. In 2020, the policy for traditional photovoltaic power capacity growth, emerging market volume growth and parity. 2020 policy mechanism to rationalize and cost reduction, project bidding, parity, year-on-year growth, overlay given enough space, about 45 gw in 2020 is expected to domestic demand. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. Components, more than half a slice, imbricate, seamless welding, the main gate process flowers, and relay efficiency. Continuous high sentiment, 2019 overseas demand than expected, installed for the whole year is expected to more than 90 gw. Expect the global installed 120-2019 130 gigawatts (gw), the global installed in 140-2020 150GW。 Investment advice: operator capital spending, bidding, near parity, rob to continue. Long term, when the global parity, efficient products comply with the parity trend accelerated penetration, bibcock company contrarian opportunity, market share steadily improve. Overseas demand than expected in 2019, 2020, continuous measures at home and abroad. Recommendation: longji shares, stock, central, east nison, linyang energy, such as long-term industrial upgrading, supply-side leading across the cycle. At the same time, the concentration of wind power projects in henan biomass power engineering industry is expected to be in KWH cost request of further ascension, recommendation: goldwind, tianshun wind power, etc. , share attention: the sun, Jin Lei wind, vibration, MingYang intelligence, constant embellish jiang shares shares ( Machinery group coverage) , Thailand to heavy industries such as wind, day. Rob loading cycle, the industrial chain to seller's market, in 2020 is expected to achieve volume, so the whole machine manufacturers, high growth performance. This paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Product structure upgrade and upgrading city share, leading leading performance continued to grow, through the cycle.