Latest news with #SNEC
Bloomberg
8 hours ago
- Business
- Bloomberg
China's Solar Chiefs Call for Government Measures to Help Sector
China's struggling solar industry needs government support to ease overcapacity as attempts to self-discipline seem to have failed, company executives said at the industry's top annual event in Shanghai on Tuesday. Because of a large number of companies in the sector, self-discipline 'poses a great challenge in terms of achieving consensus,' Yang Liyou, general manager at Jinneng Clean Energy Technology Ltd., said at the SNEC conference.
South China Morning Post
9 hours ago
- Business
- South China Morning Post
China's solar PV makers seek antidote to market ills as glut, price war, Trump tariffs sting
China's solar photovoltaic (PV) manufacturers are looking for solutions to years of price wars and losses at home amid excess capacity and waning demand as executives gathered in Shanghai to discuss the problems crippling the industry. They will get a chance to gauge the crisis as the financial hub plays host to the SNEC PV+ Photovoltaic Power Conference and Exhibition from Tuesday to Friday. The conference is the largest of its kind, attracting some 3,000 enterprises from more than 100 countries, according to its organisers. 'The solar PV industry isn't a zero-sum game,' Zhu Gongshan, chairman of the Asian Photovoltaic Industry Association and one of the event organisers, said in his keynote address on Tuesday. 'We are all in this together. Extreme cost-cutting and fierce competition are not different from drinking poison to quench thirst.' The industry will need an antidote soon. Despite the glut, China installed about 278 gigawatts (GW) of solar PV capacity last year, or almost 60 per cent of global additions, according to data compiled by Ember. Excess capacity, compounded by China's dual-carbon push and subsidies, have contributed to a 60 per cent slump in solar module prices between 2020 and 2024, according to S&P Global Ratings. 01:13 Qatar opens first solar power plant built with Chinese equipment and technology Qatar opens first solar power plant built with Chinese equipment and technology The industry should focus on enhancing government-business collaboration to control supply through regulations or mergers, according to Zhu, who is the founder and chairman of GCL Technology. Market players should aim for technological innovation, enabling higher profit margins and sustainable growth, he added. 'The future of solar photovoltaics is certainly bright, but the darkest moments come before dawn,' Zhu said in his keynote speech at the conference. 'Instead of waiting for a cyclical recovery, we must confront the disruptive restructuring of the sector.'
South China Morning Post
10 hours ago
- Business
- South China Morning Post
China's solar PV makers seek antidote to market ills as glut, price war, tariffs sting
China's solar photovoltaic (PV) manufacturers are looking for solutions to years of price wars and losses at home amid excess capacity and waning demand as executives gathered in Shanghai to discuss the problems crippling the industry. Advertisement They will get a chance to gauge the crisis as the financial hub plays host to the SNEC PV+ Photovoltaic Power Conference and Exhibition from Tuesday to Friday. The conference is the largest of its kind, attracting some 3,000 enterprises from more than 100 countries, according to its organisers. 'The solar PV industry isn't a zero-sum game,' Zhu Gongshan, chairman of the Asian Photovoltaic Industry Association and one of the event organisers, said in his keynote address on Tuesday. 'We are all in this together. Extreme cost-cutting and fierce competition are not different from drinking poison to quench thirst.' The industry will need an antidote soon. Despite the glut, China installed about 278 gigawatts (GW) of solar PV capacity last year, or almost 60 per cent of global additions, according to data compiled by Ember. Excess capacity, compounded by China's dual-carbon push and subsidies, have contributed to a 60 per cent slump in solar module prices between 2020 and 2024, according to S&P Global Ratings. 01:13 Qatar opens first solar power plant built with Chinese equipment and technology Qatar opens first solar power plant built with Chinese equipment and technology The industry should focus on enhancing government-business collaboration to control supply through regulations or mergers, according to Zhu, who is the founder and chairman of GCL Technology. Market players should aim for technological innovation, enabling higher profit margins and sustainable growth, he added. Advertisement 'The future of solar photovoltaics is certainly bright, but the darkest moments come before dawn,' Zhu said in his keynote speech at the conference. 'Instead of waiting for a cyclical recovery, we must confront the disruptive restructuring of the sector.'
Reuters
21 hours ago
- Business
- Reuters
Losses, pricing reform in focus as Shanghai hosts world's largest solar conference
SHANGHAI, June 10 (Reuters) - As the world's biggest solar energy conference kicks off in Shanghai on Tuesday, the mood is likely to be subdued as Chinese solar panel producers grapple with oversupply and price reforms. Most of the world's solar farms are powered by cells and modules made in China, but the country's top producers are facing billions of dollars in losses as breakneck competition has pushed prices below cost level. Producers are trimming back production in response, just as they also face uncertainty about the outlook for demand due to policy changes on solar power project investment. Participants at the annual SNEC PV+ Photovoltaic Power Conference and Exhibition - which runs until Friday and is expected to draw half a million people from around the world - will be watching speeches from executives at top manufacturers like Trina Solar ( opens new tab and Longi Green Energy ( opens new tab for what comes next. Global output of solar panels dropped 7% in May from the previous month and will fall by another 4-5% in June, according to industry research outlet Shanghai Metals Market. But that may be a drop in the ocean as production capacity in China alone has reached more than twice the level of global demand in recent years. Last year, solar manufacturing heads called for help from the Chinese government, which subsequently introduced limited measures such as voluntary investment guidelines for solar photovoltaic (PV) manufacturing projects in an effort to rein in overcapacity. Still, China solar module prices as of the end of May were down nearly 30% from a year earlier, according to the OPIS assessment for advanced TOPCon modules. Complicating matters is uncertainty about the demand outlook for cells and modules as Beijing is scaling back subsidies for renewable energy projects after the boom in solar and wind power installations. New solar plants commissioned after June 1 will have to sell their power into the market instead of receiving a guaranteed rate benchmarked to the price of coal. The industry is still waiting for most of China's provincial governments to explain how their power auctions will work, and whether generators will receive a price backstop, known as a contract for difference. Officials in renewables-rich Inner Mongolia decided not to offer any price guarantee for new renewables built in the province's eastern grid, according to a report from industry website citing official documents. "In my view, this is like the provincial government saying: 'We don't need any more renewables this year,'" said David Fishman, principal at Hong Kong-based the Lantau Group, an energy-focused consultancy, of the plan in a social media post on May 30. "'We don't care if anyone builds a single new wind or solar farm this year... If you still want to build, you'll have to find your own customers - don't come looking for me to derisk your project!'"
