Solar photovoltaic application subsidies defaults are expected to solve major renewable energy is good!

Solar photovoltaic webex: events: the network transmission of the Ministry of Finance, together with the national grid would be issued & throughout; Government support for bond & other; Or & throughout; Supported by government agency bonds & other; , China's solar energy network, through market-oriented financing to raise long term and low cost money, through the leverage of social capital to solve the current renewable energy of additional funding gap problem.

view to reiterate: renewable energy subsidies gap in 2039 from negative to positive, feasible: (green debt 1) After the domestic special bonds have similar precedent: if & other; Railway debt & throughout; Issued by China railway corporation, the financing used in railway construction and locomotive vehicle purchase; （ 2) Subsidies after 2039 gap will from negative to positive, because after 2031 years, the high subsidies subsidies of installed gradually achieve 20 years fixed number of year, subsidy gap will gradually narrowed, beginning in 2039, subsidies gap from negative to positive. By issuing a 20-year long-term bonds, every year from & other Renewable energy fund & throughout; Money out of the 60 ~ 9 billion to pay interest on bonds, can significantly reduce the pressure on subsidies by 2039, and 2039 years after the subsidy gap from negative to positive, there will be plenty of funds to repay the debt principal green.

view to reiterate: after 2019 pv KWH subsidies falling fast: 2013 ~ 2018, pv electricity use benchmarking price model, the average degree of electricity subsidy electricity price ratio between 50% ~ 70%. After introducing the bidding mechanism in 2019 KWH subsidies falling fast, in 2020 the average degree of electricity subsidy fell to zero. 033 yuan/KWH, the average degree of electricity subsidies accounted for only 5. 7% ~ 12. 3%.

view to reiterate: renewable energy subsidies gap problem solving, good photovoltaic, wind power operators directly: if by issuing green debt relief subsidies, the operators of the cash flow will be significantly improved, good photovoltaic, wind power operators directly. And with parity era after 2021, operators of new parity project of ascension, operators cash flows will also be improved. From the point of elasticity, according to the subsidy of revenue accounted for sorting, faith, jia ze new energy, energy datang new energy, solar energy, crystal science and technology underlying elasticity is the largest.

view to reiterate: photovoltaic manufacturing industry chain will also be fully benefit from the power plant to improve cash flow, power station, improving cash flow, on the one hand will reduce the payment days of the component manufacturers, improve the overall cash flow upstream manufacture side; Second power plant, flush with cash, photovoltaic (pv) grid, will further increase investment in renewable energy power stations, pull the upstream end demand.

view to reiterate: parity, most countries in the photovoltaic (pv) installed in the lowest price is far lower than the price of thermal power: the global parity approaches, continuing outbreak in overseas markets. Installed cost of downturn photovoltaic performance ascension, global bargain market is gradually expanding. Summarize the recent regional photovoltaic (pv) the lowest bid price, solar panels, photovoltaic power generation has become more and more countries lowest-cost way of energy generation. Greatest difference of Portugal, for example, Portugal in 2019 the average electricity price 28. 7 cents/kWh, photovoltaic (pv) the lowest bid price 1. 6 cents per kWh, difference of 27. 1 cents/kWh, the gap is obvious.

view to reiterate: parity: from cycle to promote industry growth in the past because subsidies, industry demand significantly affected by the policy cycle, fluctuations in industry, as well as the influence of the industry cycle and policy cycles after parity industry cycle and cash flow volatility will be significantly improved, industry from the cycle to the real growth, for double up valuation and performance.

view to reiterate: pv demand will quarter by quarter, market anticipated: after parity with photovoltaic component prices & amp; Conversion efficiency, will greatly stimulate the global pv market capacity, Q4 as overseas outbreak subsided and domestic enter 20 years 1231 rob, are expected to usher in a best season ever. Bullish about 20 years later the parity of market space, is expected to 21 years the world's 160 gigawatts (gw) + ( 110 + 50 + domestic, overseas) With the added 25 Share 30%, leading to further improve.

investment advice: subsidies for problem solving and solar portal, short-term marginal improvement is most obvious operators, long-term growth more determined photovoltaic plates, good leading manufacture of photovoltaic (pv) : focus on recommend longji, tong wei, love xu, jin waves, linyang, ja, foster, flat, sun power, chint electric equipment, focus on solar energy, datang, goldwind science and technology, daquan, the amalekites, and Oriental nison, jie jia weichuang, etc.

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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. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in the project bidding and parity, solar portal, state-owned enterprises have become the absolute main force. 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 power 180 mw