Recently, with the depth increase in international oil prices fell in the first half of the bear market relatively strong battery panel stock price began to fall, ranging in no way inferior to tape. Investors confused, solar panel how it? Here, we would like to clarify a concept that this round of Chinese solar stocks fell, is not equivalent to China's solar energy applications at low tide. The so-called solar energy industry, where narrowly defined as the first solar photovoltaic industry, is the use of polysilicon battery power generation industries.
Global demand for solar power and cost
Should be said that the human long-term energy needs, at least in the solar industry to find a more realistic solution. According to statistics, as long as the desert in northwest China's solar energy resource utilization 7%, it has exceeded the country's total generating capacity. In this sense, China's solar energy industry, should be considered in its infancy.
Now, the world's largest country in the use of hp laptop battery power in Germany and Spain. In other European countries, the United Kingdom, because many cloudy days, France is mainly the use of nuclear energy, so solar energy in these two countries is less demand. Some data indicate that in 2007, Germany contributed 50% of the world's solar energy needs. The German Government provides an annual solar electricity generation projects to reduce 6%. As conventional energy prices in Germany would have a higher base, the continuous price adjustment by conventional energy sources and solar energy, constant price cuts, making the German people to gradually adapt to the high price of solar energy.
Followed by Spain, the world's demand for 13% of the solar energy coming from this southern European country. The Spanish Government through the annual subsidy of about 200 million euros, making a citizen can afford to consume hp 398876-001 battery energy. The United States, demand for solar power accounted for 12% of the world, the remaining state-owned Japan and other major solar energy needs.
So, the cost of solar power batteries do?
At present solar power most conventional method is to use polysilicon cell power generation. Polysilicon is the main raw material for polycrystalline silicon cells, accounting for about 85% of the cost of the battery. Generally speaking, the manufacture of polysilicon feedstock cost per kilogram of about 50 U.S. dollars, as international oil prices in the past two years before from a low-price areas, therefore, demand for solar power highlights the explosive growth in the past two years, while the polycrystalline silicon production hp 417066-001 battery capacity is difficult once released, supply and demand makes the price of one fly overhead, and polysilicon. The first half of this year, the highest price of polysilicon over 500 U.S. dollars per kilogram (in 2003 prices, only 30 U.S. dollars).
Production costs from 50 dollars to the price of an average of 300,400 U.S. dollars, its big profits comparable to the arms, so it also resulted in polysilicon industry since 2007, the super boom.
Domestic polysilicon production capacity and price analysis
In 2006, China's production of polysilicon hp 346970-001 battery materials is only a mere 260 tons in 2007, expanded to 1,000 tons, of which, involving a listed company is invested by the Shin Kong Tianwei change security silicon industry project. Which in 2007 produced 200 tons of polysilicon feedstock, while in 2008 is expected to produce 800 tons. Suppose the price of 200 U.S. dollars per ton, according to sales, earn 150 U.S. dollars per ton, together 1,000 yuan, and the whole project is estimated to earn about 8 billion yuan (Tianwei Paul variable accounted for 35.66% of the shares).
Not only that, Tianwei change security companies are still in Sichuan and Sichuan Leshan Electric Power and energy cooperation to vote, respectively, and the establishment of Leshan Xinjin two 3,000 tons of polysilicon project, after 2010, if all projects in full production operation, Shin Kong, Leshan, Niitsu A total of three bases can be produced nearly 7,000 tons of polysilicon, Tianwei Paul variable in which to account for a considerable hp 367759-001 battery proportion. If the time of the polysilicon can cost 100 U.S. dollars per ton, Tianwei Paul become a very large profit.
However, Tianwei change security to acquire such a large margin, is the assumption that polysilicon prices remain at 180 U.S. dollars per tonne, based on a high, while the polysilicon prices can be maintained high, is the assumption that the world's polysilicon production under the premise is still in short supply. However, with the prospect of polysilicon attractive profits, launched a number of countries around the world are flocking polysilicon hp f2024a battery project. 2011, China's polysilicon production capacity will reach 2 million tons, only Savi LDK's an ambitious plan on 15 thousand tons capacity. In a global scale, based on profits, the traditional polysilicon production capacity of seven giant is also expanding very rapidly. 2010, the world's polysilicon production capacity to 8.4 million tons.
Such a large capacity, leading to a direct consequence of the price of polysilicon may no longer be lofty. Perhaps true that day, the price of polysilicon may be seventy to eighty dollars per kilogram. However, even this price, compared to 30 U.S. dollars when the hp f2024b battery cost has more than 100% of the profits of the.
As the production capacity expansion led to lower prices, investment polysilicon project earnings outlook of listed companies has been launched these items less than optimistic, which is currently in China for solar concerns about long-term performance of listed companies, and also the firm's solar class has recently been listed on company's stock price loosening of important reasons.
However, different opinions persist. There is also a point of view, polysilicon prices plummet as use of solar energy battery prices will drop. If the polysilicon prices to decline in the price than it is now two-thirds, which means the cost of solar power will be on the basis of the current decline in more than half. This means that the use of hp f4486b battery power per kilowatt-hour price of 1.5 yuan to 0.8 yuan fell to equivalent, the user's acceptance, will greatly increase the demand for solar energy market as a whole will be able to show explosive growth. Logical forecasts, when the international price of oil reached more than 200 U.S. dollars when polysilicon prices fell below 100 U.S. dollars per kilogram, or 80 U.S. dollars a level of 0.8 yuan price of solar energy and traditional energy resources on basic electricity prices are pretty.
Once this time, the world's energy structure will undergo tremendous changes. Optimistic investors think the whole world even if there are 8,9 million tons of supplies, then suddenly can not meet the huge demand around the world. From this point of view, the shortage of polysilicon feedstock will be a long-term phenomenon.
Large domestic hp f4809a battery panel of Soldiers
From the domestic leader in polysilicon production --- Tianwei change security business strategy, we can clearly see that this logic. Tianwei change security in turn be launched by the three polysilicon projects: Shin Kong, Xinjin, Leshan, racing against time to expand production capacity. If the polysilicon prices have remained high, it will reap high returns feast; if polysilicon prices, such as most people's expectations, all the way down, all the way to expand its production capacity, the total income or be able to maintain the hp f4812a battery same performance can maintain a very high level.
Now, Tianwei change security are two main business: traditional transformer and new energy to get into the polysilicon solar energy industry, thin-film solar industry, wind energy industry. In its 2008 net profit of the composition of the medium-term net profit of 4.69 billion yuan, of which solar energy industry contributed equity of 3.22 billion yuan, accounting for 65% of total net profit.
In the solar energy industry, Tianwei change security primarily through equity participation in the United States of Tianwei Yingli 25.99% of the hp hstnn-lb31 battery shares, occupied the upper reaches of the solar cell. In the first half, the project on the profit contribution of Tianwei change security to reach 194.48 million yuan, is Tianwei change security the largest source of profits, and now the second phase of the project will soon put into production. In the upstream polysilicon solar cell industry, Tianwei change security projects through equity participation of the three successive profit in the first half, the first project is a project under the age of Sunbeam products, has contributed 124.55 million yuan in profit. In a different direction in solar thin-film battery industry, Tianwei change security to be invested 1.1 billion yuan for production of amorphous silicon thin-film solar energy research and development. In addition, Tianwei change security in the wind energy industry is still another battle in the wind turbine and leaves the field of machine, invested heavily in development of the industry to follow.
Now, Paul changed Tianwei has formed a new energy industry chain, in the new energy in all aspects of multi-pronged. Those in the industry believe that Tianwei change security has become its own venture capital firm to build, saying that these items are not allowed in the new energy investment, there is also sent which will suddenly give birth to a new explosive growth. Relative to Tianwei Paul changed, "Solar three-way" in the Sichuan Leshan Electric Power equity investment of energy and polysilicon project the risk of listed companies is relatively larger. In addition, there are a number of shares of domestic solar energy companies, hp pavilion zv6000 battery,hp pb992a battery,hp pb994a battery,hp pb995a battery,hp pp2182d battery such as Tong Wai shares TBEA, with its industrial scale and vision for the future should be less in the above-mentioned solar energy companies.