Abstract Yesterday (March 20), an organization told reporters that in April this year, a series of PV support policies may be introduced, including exempting polysilicon VAT and increasing the export tax rebate rate. This is for the domestic PV industry that is experiencing the cold winter. In terms of it, it is undoubtedly a "strong heart...
Yesterday (March 20), the reporter was informed that in April this year, a series of PV support policies may be introduced, including exempting polysilicon VAT and increasing the export tax rebate rate. This is undoubtedly for the domestic PV industry that is experiencing the cold winter. It is a "cardiotonic agent". The National Development and Reform Commission has issued a draft of the "Notice on Improving the Price Policy for Photovoltaic Power Generation". The insiders analyzed that although it is not the final draft, the subsidy policy is not as expected as a high probability event. In addition, the EU “double-reverse†prosecution period was also established this month, and the domestic PV industry is facing another round of “cold springâ€. The above-mentioned institutions told reporters that the market has been expecting three major policies to support the photovoltaic industry, namely, grid connection, subsidies, and bank loans. The current grid connection has been confirmed, and the subsidy policy has also been adjusted. The following is the bank loan policy.
At present, leading enterprises in the domestic PV industry are facing a crisis, and Suntech Power is involved in bankruptcy. According to Suntech’s recent announcement, as of March 15, its expired convertible bonds still have $541 million unpaid. Suntech’s share price has fallen from a high of $85 in 2007 to less than $0.6 today, making it a veritable junk stock. As far as Suntech's current financial situation is concerned, bankruptcy may be the way to go.
This is still the case with industry leaders, and the hardships of small and medium-sized enterprises are evident. According to the statistics of the China Photovoltaic Industry Alliance, the number of polysilicon production enterprises has reached 90%. More than half of the small and medium-sized battery component enterprises have stopped production, 30% have cut production significantly, and 10% to 20% have reduced production or tried to maintain. The news of layoffs has been reported.
The controversy in the industry is that the country will further eliminate backward production capacity or support domestic PV companies. At present, the direction of the policy is still to support leading enterprises, to eliminate small and medium-sized enterprises, and the possibility of implementing tax rebates and tax exemptions is still very large. Zhu Gongshan, chairman of the China Photovoltaic Industry Alliance, also said earlier that China's current industrial policy should be supportive and strong.
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