The PV market in overseas may become new growth points

sourcing from: 科技说

Guide: A paper of strict control of the scale of the domestic photovoltaic market "dumb fire." At the same time, the export of photovoltaic products in the first half of 2018 has grown rapidly, and the overseas market is becoming an important growth point for the photovoltaic industry.

In May of this year, the National Development and Reform Commission, the Ministry of Finance, and the National Energy Administration jointly issued the "Notice on Matters Related to Photovoltaic Power Generation in 2018", demanding a reasonable grasp of the pace of development, optimizing the scale of new construction of photovoltaic power generation, and temporarily not arranging 2018 ordinary photovoltaics. The scale of power station construction shall not be arranged in any form to construct ordinary power stations that require state subsidies before the state initiates the construction of ordinary power stations. In addition, the intensity of photovoltaic power generation subsidies will be further reduced.
The domestic PV market is booming, and overseas markets may become new growth points.
A paper of strict control of the scale of the domestic photovoltaic market "dumb fire." At the same time, the export of photovoltaic products in the first half of 2018 has grown rapidly, and the overseas market is becoming an important growth point for the photovoltaic industry.
With the launch of the “May 31st” New Deal this year, the domestic market has cooled down, and PV companies have turned their attention to the international market. In addition, with the rise of international trade protectionism, the United States first implemented a “double-reverse” investigation on Chinese PV products and imposed tariffs on some products. Then the Indian Ministry of Finance officially ruled on the investigation of safeguard measures for photovoltaics, and entered China into the country. The solar photovoltaic products are subject to a safeguards tax. Trade friction has brought more uncertainty to the Chinese PV industry.
According to the data provided by the China Photovoltaic Industry Association, China's PV module production in the first half of the year was about 42 GW, and the export volume was about 19 GW, an increase of more than 25% over the same period of last year. From January to May 2018, the total export volume of cells and modules was 55.13. The US dollar has increased by 21.2% year-on-year. From 2012 to 2016, this export volume has been declining.
With the weakening of domestic market demand and the expansion of overseas emerging markets, key enterprises have begun to accelerate the development of foreign markets. Some overseas markets have accounted for more than 70% of their shipments. The growth of overseas markets has allowed companies to see new areas.
Like Jingke, Dongfang Risheng is becoming a beneficiary of this overseas market. Data show that Eastern China's export sales in the first half of the year accounted for 47.41%, up 2.55% over the same period last year, the main source of income for Mexico and India. All along, Dongfang Risheng has focused on the simultaneous development of domestic and overseas markets. After the May 31st New Deal, the Eastern Japan's Kazakhstan project, the Vietnam project, and the Australian project are all in full swing.
Gao Jifan, chairman of Trina Solar, also said that after the introduction of the New Deal, it is expected that component costs will drop rapidly and the value of existing overseas orders will be greater.
It can be expected that with the decline in component prices, system costs will be further reduced, and overseas markets will gradually grow and expand. If PV companies give full play to the competitive advantages of leading brands and seize opportunities to further increase their market share in overseas markets, they will be able to make up for the shortfall in domestic market demand in the short term.