Ministry of Foreign Affairs: China’s photovoltaic patents rank first in the world: Wang Wenbin said that intellectual property protection is an important support for innovative development. With the support of patented technology, China has continuously improved the quality and efficiency of intellectual property rights and accelerated the release of innovation vitality. Currently, China has 126,400 global patent applications for solar cells, ranking first in the world. The top 10 key companies in China’s new energy vehicle sales have more than 100,000 valid global patents, leading the green and low-carbon industry and helping the world’s economic recovery.
core ideas
Southeast Asia has huge photovoltaic manufacturing potential, with module production capacity reaching 150GW in 2023: Recently, the “ASEAN Briefing” reported that by 2030, Southeast Asia has the potential to produce 125-150GW of photovoltaic module capacity. The region already controls 2-3% of the world’s polysilicon and wafer production capacity, and 9-10% of the world’s module and cell production capacity. Most production is concentrated in Laos, Malaysia, Vietnam, Cambodia and Thailand.
Shandong’s new policy is good for offshore photovoltaics: On January 2, 2024, the Shandong Provincial People’s Government issued the 2024 policy list (first batch) of “promoting economic consolidation and improvement, accelerating green, low-carbon and high-quality development”. The policy proposes to optimize offshore photovoltaic storage. Offshore photovoltaic projects that are completed and connected to the grid before the end of 2025 are exempted from configuring energy storage facilities; those that are completed and connected to the grid after 2025, in principle, are equipped with energy storage facilities at a ratio of no less than 20% and 2 hours, and can use distribution Building energy storage, new or leasing independent energy storage, hydrogen production, etc. Among them, newly built independent energy storage that meets the conditions can be prioritized into the provincial new energy storage project library. At the same time, offshore wind power projects that are completed and connected to the grid before the end of 2023 are exempted from building or leasing energy storage facilities.
Module prices: According to InfoLink data, the average price of 182mm single-sided PERC modules this week was 0.93 yuan/W, down 2.1% from last week; the average price of 182mm double-sided PERC modules was 0.95 yuan/W, down 2.1% from last week. TOPCon module price is 1.00 yuan/W, down 2% from last week. The module order taking rate in January was relatively sluggish compared to the past, and both the first and second tiers of modules have a tendency to reduce production. Domestic manufacturing production is scheduled to be about 40-41GW, which is about 14% lower than December’s output of about 47-48GW. Orders for February are not yet clear, but there are few days in February and most factories have undecided Spring Festival holidays. It is expected that production schedules will still have a downward trend.
Investment Strategy
At present, the concentration of the industry is gradually increasing, the competition pattern has begun to be optimized, the price of the industrial chain is basically close to the bottom, and the investment value of leading enterprises has emerged. It is recommended to pay attention to the investment opportunities of leading companies after the industry is cleared and the performance forecast for the first quarter of next year is announced and the negative news is realized.
The stocks involved above are only used as teaching cases and do not constitute investment advice. They are only for reference and learning.
Reference source: Shanxi Securities Solar Energy Industry Weekly Report on January 8, 2024: China’s photovoltaic patents rank first in the world, and prices in the upper and middle reaches of the industrial chain are flat
Special statement: The content of this article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
Post time: Jan-25-2024