Liao Guorong, chairman of the solar wafer fab Xujing (3647), said yesterday (27) that the solar price cuts are spreading upstream. The wafer price of this year is estimated to fall by 10%, and it is expected to be the fastest in May. The price will also be significantly revised. With prices being cheaper, solar power can be sold at the same price as traditional mains from 2013 to 2014.
The solar energy market has cooled down since mid-March, and the battery and module factories in the middle and lower reaches of the industry bear the brunt of the price drop. The local solar cell manufacturers such as Dijing (3514), Xinguang, etc. have publicly called for an upper limit. The fab's price cuts, Xu Jing is the first company to confirm that wafer prices began to soften, and proposed exact price reductions.
With the price reduction of upstream materials such as silicon wafers, it will greatly ease the pressure of lowering prices for solar cell makers such as Modi.
Liao Guorong said that this wave of market buying suddenly dwindled, mainly reflecting the fact that Italy and other market subsidies have not yet been booked. In the first quarter, the price of batteries with a relatively large production capacity began to be reduced and sold, and in April, the price cuts also declined. End spread.
He believes that the price of silicon wafers will begin to be revised this season. It is estimated that the current mainstream specifications of 6-inch polycrystalline silicon wafers will be priced from 3.4 to 3.5 US dollars per piece to 3.1 to 3.2 US dollars, the decline rate of about 10%. The Wafer fab will also request price cuts from polycrystalline silicon suppliers. Since May, the polycrystalline silicon price will have a downward trend.
He stressed that falling prices in the industrial chain are not necessarily a bad thing. In particular, after the strong earthquake in Japan, the issue of nuclear power safety has attracted attention. Traditional power generation will rely heavily on hydraulic power or thermal power generation. The cost will be much higher than nuclear power. Under the “traditional power generation cost boost, solar power generation is becoming cheaper and cheaperâ€, most From 2013 to 2014, solar energy is expected to reach the same price of traditional electricity and the market is even bigger.
Xujing is the third solar wafer plant in Taiwan after Sino-American Crystal (5483) and Green Energy (3519). It is currently competing with Danone (3686) for the third largest solar wafer fab in Taiwan. Yesterday, we signed a five-year loan with a total of 5 billion yuan in connection with 20 banks such as the First Bank and obtained more than doubled over-subscription. Liao Guorong believes that the long-term development of solar energy is still promising, and Xu Jing will continue to expand production and occupy market share through this joint loan. Xujing plans to have a capacity of 610 MW at the end of this year and move toward 1 GW (1 billion watts) next year.
The solar energy market has cooled down since mid-March, and the battery and module factories in the middle and lower reaches of the industry bear the brunt of the price drop. The local solar cell manufacturers such as Dijing (3514), Xinguang, etc. have publicly called for an upper limit. The fab's price cuts, Xu Jing is the first company to confirm that wafer prices began to soften, and proposed exact price reductions.
With the price reduction of upstream materials such as silicon wafers, it will greatly ease the pressure of lowering prices for solar cell makers such as Modi.
Liao Guorong said that this wave of market buying suddenly dwindled, mainly reflecting the fact that Italy and other market subsidies have not yet been booked. In the first quarter, the price of batteries with a relatively large production capacity began to be reduced and sold, and in April, the price cuts also declined. End spread.
He believes that the price of silicon wafers will begin to be revised this season. It is estimated that the current mainstream specifications of 6-inch polycrystalline silicon wafers will be priced from 3.4 to 3.5 US dollars per piece to 3.1 to 3.2 US dollars, the decline rate of about 10%. The Wafer fab will also request price cuts from polycrystalline silicon suppliers. Since May, the polycrystalline silicon price will have a downward trend.
He stressed that falling prices in the industrial chain are not necessarily a bad thing. In particular, after the strong earthquake in Japan, the issue of nuclear power safety has attracted attention. Traditional power generation will rely heavily on hydraulic power or thermal power generation. The cost will be much higher than nuclear power. Under the “traditional power generation cost boost, solar power generation is becoming cheaper and cheaperâ€, most From 2013 to 2014, solar energy is expected to reach the same price of traditional electricity and the market is even bigger.
Xujing is the third solar wafer plant in Taiwan after Sino-American Crystal (5483) and Green Energy (3519). It is currently competing with Danone (3686) for the third largest solar wafer fab in Taiwan. Yesterday, we signed a five-year loan with a total of 5 billion yuan in connection with 20 banks such as the First Bank and obtained more than doubled over-subscription. Liao Guorong believes that the long-term development of solar energy is still promising, and Xu Jing will continue to expand production and occupy market share through this joint loan. Xujing plans to have a capacity of 610 MW at the end of this year and move toward 1 GW (1 billion watts) next year.
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