Lu Minguang, chairman of China-US silicon production company, the second largest supplier of solar wafers in Taiwan, said: "The global solar energy market will face zero growth or even negative growth this year. In the next three years, it will face an oversupply situation, reshuffle the market, and conduct acquisitions and mergers. â€
Lu pointed out that the global production capacity of new photovoltaic power generation equipment may not reach the level of 20GW last year, even less than the situation during the global financial crisis.
Therefore, Lu said that the global demand for solar cells may be lower than 20GW, far below the total output of 50GW, prompting suppliers to resort to price wars in order to compete for orders.
According to Lu, one of the main reasons for the market downturn is that European and American photovoltaic power generation projects cannot obtain government subsidies or bank loans.
Another major reason is the overcapacity of China's photovoltaic power generation companies with government support, resulting in oversupply in the market. In order to stimulate demand, mainland Chinese companies have lowered their prices, resulting in fierce market competition.
Under the conditions of market downturn, regional integration will be inevitable, and the merger of Taiwan companies is inevitable. However, Lu believes that due to technical and cost advantages, as well as financial support, Taiwan companies have greater viability.
Despite the current difficult situation, Lu is optimistic about the prospects of the photovoltaic market. He predicted that the price of photovoltaic power generation will be the same as that of the traditional form of power generation in 2013-2014, causing explosive growth in the photovoltaic power generation market.
Simple Ceiling Fan,modern ceiling fan,dc ceiling fan,ceiling fan design
JIANGMEN ESCLIGHTING TECHNOLOGY LIMITED , https://www.windfansummer.com