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Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
Market Research Report :  Solar Energy in China 2012
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Market Research Report : Solar Energy in China 2012

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For the complete report, get in touch with us at : info@netscribes.com

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  • 1. Solar Energy in ChinaMarch 2012
  • 2. Executive Summary  China accounted for X% of the global PV installed capacity in 20‐‐ Market  Chinese solar PV installation base is expected to reach X MW growing with a CAGR of Z%  during 20‐‐ ‐ ‐‐ Drivers: Challenges: • Growing Energy Demand • Oversupply Condition Drivers &  • Geographical Advantages • High Price of Electricity GenerationChallenges • Solar Subsidies • Low Per Capita Income • Focus on Renewable Energy • Reduction in CO2 Emission  China National Solar Policy  Feed –in Tariff ProgramGovernment   Distributed / Rooftop Solar PV  National Renewable Energy Law  Initiatives  Large Scale Solar PV  Incentives and Regional Subsidy  Vertical Integration  Focus on Thin Film Technology Trends  Focus on the Export Market  Solar Power Plant Construction Major PlayersCompetition Company 1  Company 2 Company 3 Company 4 SOLAR ENERGY IN CHINA 2012.PPT 2
  • 3. •Introduction•Market Overview • Global • China•Drivers & Challenges•Government Initiatives•Trends•Mergers & Acquisitions•Competition•Key Takeaway SOLAR ENERGY IN CHINA 2012.PPT 3
  • 4. Global solar energy market has been growing dynamically  with Y dominating z% to the solar PV market Global Market Overview (1/2) Solar Installed Capacity and Growth • Global PV installed capacity is expected to reach X  GW GW growing with a CAGR of Z% during 20‐‐ ‐ ‐‐ 200 a2 • In 20‐‐, Y dominated the global solar photovoltaic  Z% 150 market 100  Y had a y% share of the global PV market in 20‐‐ 50 a1 • China accounted for x% of the global solar heating  capacity in 20‐‐ 0 20‐‐ 20‐‐e Solar Heating Capacity (20‐‐) Solar PV Capacity ( 20‐‐ ) D% H% Country 1 Country 2 Country 1 G% C% F% Country 3 Country 2 A% Country 4 B% Country 3 E% Country 5 Others D% Country 6 A% Country 7 C% B% OthersSource: SOLAR ENERGY IN CHINA 2012.PPT 4
  • 5. Investment in Solar energy with a magnitude of USD y bn is  set to transform the energy mix of the world by 20‐‐ Global Market Overview (2/2) Global Investment in Solar Technology • Global investments in solar technology is expected to  USD bn be x that of 20‐‐ reaching USD y bn by 20‐‐ Z% x2 100 • Top 5 solar companies accounted for y% of the global  80 solar PV cell market in 20‐‐ 60 x1  Chinese companies accounted for y% share 40 • Global solar panel prices have declined to USD  20 x/Watt with a CAGR of z% during 20‐‐‐‐‐ 0 20‐‐ 20‐‐e Global Solar Panel Prices Solar PV Cell Market – Top 5 Companies USD/watt % x1 x2 4 x1 Z% 6 x3 x4 3 x5 4 x2 2 2 1 0 0 20‐‐ 20‐‐ Company  Company  Company  Company  Company  1 2 3 4 5Source: SOLAR ENERGY IN CHINA 2012.PPT 5
  • 6. Major global initiatives towards developing the solar energy  market Point 1 Point 2 19‐‐ 19‐‐ 20‐‐ 20‐‐ 20‐‐ • Point 4 • Point 5 • Point 6 • Point 7 • Point 8 Point 3Source: SOLAR ENERGY IN CHINA 2012.PPT 6
  • 7. Aided by government support the Chinese solar energy  market is expected to witness dynamic growth Overview Solar Installed Capacity • Solar PV is expected to drive the Chinese solar energy  market with dynamic growth MW x7 • Solar PV installed capacity is expected to reach xMW 3,000 x6 growing with a CAGR of y% during 20‐‐ ‐ ‐‐ 2,500 Z% x5  Chinese government has undertaken several measures to  2,000 promote solar energy utilization in China x4 1,500 • In 20‐‐, large scale solar applications and Building  Integrated Photo Voltaic accounted for z% of the  1,000 x3 x2 solar installations in China 500 x1  Grid connected PV system in buildings is expected to have  0 a y% share of solar energy distribution by 20‐‐ 20‐‐ 20‐‐ 20‐‐e 20‐‐e 20‐‐e 20‐‐e 20‐‐e Expected Market Distribution (20‐‐) Solar Installation by Application (20‐‐) C% B% D% A C E a3 A C B D E% B a1 a2 A%Source: SOLAR ENERGY IN CHINA 2012.PPT 7
  • 8. Drivers and Challenges ‐ Summary Drivers Challenges Growing Energy Demand Oversupply Condition Geographical Advantages High Price of Electricity Generation Solar Subsidies Low Per Capita Income Focus on Renewable Energy Reduction in CO2 Emission SOLAR ENERGY IN CHINA 2012.PPT 8
  • 9. Energy demand growing with a x% CAGR during 20‐ ‐20‐‐ is  poised to drive solar energy growth in China Growing Energy Demand Impact • Finding 1 Energy Demand • Finding 2 Mtoe • Finding 3 X% 4,000 z3 z2 3,000 z1 2,000 1,000 0 20‐‐ 20‐‐e 20‐‐e Electricity Demand Solar Power Generation Twh Twh 8,000 Z% 500 x3 y3 x2 400 6,000 X% x1 300 4,000 200 2,000 y2 100 y1 0 0 20‐‐ 20‐‐e 20‐‐e 20‐‐ 20‐‐e 20‐‐eSource: Note: Mtoe – Mn tonnes of oil equivalent; TWh – Tera Watt Hours SOLAR ENERGY IN CHINA 2012.PPT 9
  • 10. Government subsidies play a key role in the development of  solar energy market in China Solar Subsidies Impact • Finding 1 • Finding 2 • Finding 3 • Finding 4 Solar Subsidy Program Category A B Applications System Size Subsidy Other TermsSource: SOLAR ENERGY IN CHINA 2012.PPT 10
  • 11. Growing emphasis on renewable energy to act as a major  growth driver for the solar energy market in China Focus on Renewable Energy Impact • Finding 1 • Finding 2 • Finding 3 • Finding 4 Renewable Energy Share Investment Potential A C B D Category 20‐‐ ‐‐ 20—e ‐ 20‐‐e GW A X Y 100% X1% X3% Y2% Y1% B X2% Y3% 80% C 60% D 40% X4% Y4% E 20% F 0% 20‐‐ 20‐‐eSource: SOLAR ENERGY IN CHINA 2012.PPT 11
  • 12. CO2 emission reduction mandate of x%‐y% by 20‐‐ to act as  a major growth driver for Chinese solar energy market Reduction in CO2 Emission Impact • Finding 1 • Finding 2 • Finding 3 • Finding 4 • Finding 5 Per Capita CO2 Emission Rise in Non Fossil Fuel Usage tons % 8 x3 15 Z% Z% x2 6 10 x1 4 x2 x1 5 2 0 0 19‐‐ 20‐‐ 20‐‐ Nov 20‐‐ 20‐‐eSource: SOLAR ENERGY IN CHINA 2012.PPT 12
  • 13. Excess production leading to decline in module prices to act  as a major challenge to the solar energy market in China Oversupply Condition Impact • Finding 1 • Finding 2 • Finding 3 • Finding 4 Overcapacity in Production Solar Module Price GW USD/Watt x2 30 2.0 x1 X% 25 x1 1.5 20 x2 15 1.0 10 0.5 5 0 0.0 A B 20‐‐ 20‐‐Source: SOLAR ENERGY IN CHINA 2012.PPT 13
  • 14. Government Initiatives ‐ Summary  China National Solar Policy Distributed / Rooftop Solar PV Large Scale Solar PVKey Initiatives ` Feed –in Tariff Program National Renewable Energy Law  Incentives and Regional Subsidy SOLAR ENERGY IN CHINA 2012.PPT 14
  • 15. Solar Energy Development in China Point 1 Point 2 Point 3 2009 2010 2011 • Point 6 Point 4 • Point 7 Point 5Source: SOLAR ENERGY IN CHINA 2012.PPT 15
  • 16. Chinese government launched the X  program to develop  the domestic solar market X • Finding 1 • Finding 2 • Finding 3 Major Solar Power Projects (20‐‐) MW X Y Z 100 x1 x2 x3 80 E% x4 A% C% 60 x5 H% x6 40 F% J% x7 x8 L% x9 x10 20 B% D% K% I% G% M% 0 Province 1 Province 2 Province 3 Province 4 Province Province Province 7 Province Province 9 Province  5 6 8 10Source: SOLAR ENERGY IN CHINA 2012.PPT 16
  • 17. Trends ‐ Summary Solar Power Plant  Vertical Integration Construction Key  Trends Focus on the Export Focus on Thin Film  Market Technology SOLAR ENERGY IN CHINA 2012.PPT 17
  • 18. Players in the market have been focusing on vertical  integration of the solar PV development Vertical integration • Finding 1 Players  • Finding 2 expanding  • Finding 3 vertically to  • Finding 4 reduce costs Company A B C D E Company 1 ‐ ‐ ‐ ‐ ‐ Company 2 ‐ ‐ ‐ ‐ ‐ Company 3 ‐ ‐ ‐ ‐ ‐ Company 4 ‐ ‐ ‐ ‐ ‐ Company 5 ‐ ‐ ‐ ‐ ‐Source: China Solar Policy SOLAR ENERGY IN CHINA 2012.PPT 18
  • 19. Owing to its low cost, thin film solar cells are gaining  immense popularity in China Focus on Thin Film Technology • Finding 1 • Finding 2 Players are  focusing on thin  • Finding 3 film technology  Energy Output of Roof Top Solar Cells Solar Cell Production Split (20‐‐) mn kw X% 30 x2 Z% A B 20 10 x1 0 Y% 20‐‐ 20‐‐eSource: SOLAR ENERGY IN CHINA 2012.PPT 19
  • 20. Chinese share of global solar components exports reached  x% in 20‐‐ from y% in 20‐‐ Focus on Export Market • Finding 1 China solar  • Finding 2 energy sector is  primarily driven  • Finding 3 by exports • Finding 4 Growth in Export Share Production Share (20‐‐) USD bn MW x3 Country 1 30 12,000 x2 x1 Country 2 25 10,000 x2 +79% a n Country 3 20 8,000 b h c Country 4 j 15 6,000 d i o Country 5 e k 10 4,000 f p Country 6 l q 5 x1 2,000 g m Country 7 r 0 0 Country 8 20‐‐ 20‐‐ A B CSource: SOLAR ENERGY IN CHINA 2012.PPT 20
  • 21. China is focusing on the construction of solar power plants  with a view to… Solar Power Plant Construction (1/2) • Finding 1 New plants to  • Finding 2 develop  • Finding 3 domestic solar  market Solar Power Plant Construction Type Region Value  Capacity Companies  Timeframe  Status  ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐Source: SOLAR ENERGY IN CHINA 2012.PPT 21
  • 22. Domestic Competition – Summary (1/2) Net Income 400 Size of the Bubble Represents Market Capitalization in USD mn 380 360 340 320 x4 300 280 x3 260 240 x6 220 x5 200 180 160 140 x1 120 x2 100 80 Total Income 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 3,200 3,400 Company 1 Company 5 Company 4 Company 3 Company 2 Company 6Source: SOLAR ENERGY IN CHINA 2012.PPT 22
  • 23. Domestic Competition – Summary (2/2) Total Income and Profit for Major Domestic Companies 0 500 1,000 1,500 2,000 2,500 3,000 3,500 USD x1 Company 1 y1 x2 Company 2 y2 x3 Company 3 y3 x4 Company 4 y4 x5 Company 5 y5 x6 Company 6 y6 A BSource: SOLAR ENERGY IN CHINA 2012.PPT 23
  • 24. Domestic Company –Company 1 Company Information Locations – China ‐‐,  Corporate Address ‐ Province‐ ‐ , China  Tel No. ‐ Fax No. ‐ Website ‐ Year of Incorporation 20‐‐ Ticker Symbol ‐ Stock Exchange ‐ Products and Services Category Products/Services Headquarters Cells Product 1, Product 2 Key People Name Designation PV module Service 1 Person 1 Designation Others Product 1, Product 2 and Product 3 Person 2 Designation Person 3 Designation Person 4 DesignationSource: Company Websites; Press Articles; Databases SOLAR ENERGY IN CHINA 2012.PPT 24
  • 25. Domestic Company –Company 1 Financial Snapshot Key Ratios y‐o‐y Total Income Profit Particulars  change  2010 2009 2008 2007 Total Income (2010‐09) USD mn USD mn  Profit / Loss Profitability Ratios1,500 x4 150 Operating Margin ‐ ‐ ‐ ‐ ‐ 100 Net Margin ‐ ‐ ‐ ‐ ‐1,000 x2 x1 x3 50 Profit Before Tax Margin ‐ ‐ ‐ ‐ ‐ 500 Return on Equity ‐ ‐ ‐ ‐ ‐‐ 0 Return on Capital Employed ‐ ‐ ‐ ‐ ‐ 0 ‐50 Return on Working Capital ‐ ‐ ‐ ‐ ‐ 20‐‐ 20‐‐ 20‐‐ 20‐‐ Return on Assets ‐ ‐ ‐ ‐ ‐ Financial Summary  Return on Fixed Assets ‐ ‐ ‐ ‐ ‐ Cost Ratios • The company earned a net profit of USD  xmn in FY 20‐‐, as  Operating costs (% of Sales) ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ compared to net loss of USD y mn in FY 20‐‐ Administration costs (% of Sales) ‐‐ ‐ ‐ ‐ ‐ • The company reported total Income of  USD x mn in FY 20‐‐,  registering an increase of y per cent over FY 20‐‐ Interest costs (% of Sales) ‐ ‐ ‐ ‐‐ ‐ • The company reported an operating margin of z per cent in FY 20‐‐ Liquidity Ratios ‐ ‐ ‐ ‐ ‐ an increase of z percentage points over FY 20‐‐ Current Ratio ‐ ‐ ‐ ‐ ‐ • The company reported debt to equity ratio of x in FY 20‐‐, a  Cash Ratio ‐ ‐ ‐ ‐‐ ‐ decrease of y per cent over FY 20‐‐ Leverage Ratios ‐ ‐ ‐ ‐ ‐ Debt to Equity Ratio ‐ ‐ ‐ ‐ ‐ Financial Summary  Debt to Capital Ratio ‐ ‐ ‐ ‐ ‐ Interest Coverage Ratio ‐‐ ‐ ‐ ‐ ‐ Indicators (dd/mm/yy) Efficiency Ratios ‐ Market Capitalization (USD) ‐ Fixed Asset Turnover ‐ ‐ ‐ ‐ Total Enterprise Value (USD) ‐ Asset Turnover ‐ ‐ ‐ ‐‐ ‐ Current Asset Turnover ‐ ‐ ‐ ‐ ‐ EPS (USD) ‐ Working Capital Turnover ‐ ‐ ‐ ‐‐ ‐ PE Ratio (Absolute) ‐ Capital Employed Turnover ‐ ‐ ‐ ‐Source: Company Websites; Press Articles; Databases Improved Decline SOLAR ENERGY IN CHINA 2012.PPT 25
  • 26. Domestic Company –Company 1 Key Business Segments Key Geographic Segments x1 Country 1 Country 6 Country 5 Country 3 100% Country 4 Country 2 Country 7 80% 60% y1 z2 100% y2 z1 40% x1 x2 y5 z4 y6 y3 z3 z5 20% x4 x5 x3 z6 y4 50% x6 0% y7 z7 x7 20‐‐ 0% A 20‐‐ 20‐‐ 20‐‐ Key Recent Developments Description  News • Company is one of the leading renewable energy players in the world and was earlier  Overview known as Y • In 20‐‐, the company was renamed X  after acquisition by the Z Group • In 20‐‐ company announced the signing of MOU for the installation of roof‐top PV  New Business systems for Z   PV modules having a total capacity of x MW will be supplied by the company for the projectSource: SOLAR ENERGY IN CHINA 2012.PPT 26
  • 27. Solar PV installation is expected to grow at a CAGR of x% to reach Y MW during 20‐‐‐20‐‐ Led by supportive government policies the solar energy market in China is poised to witness rapid growth Opportunities in the  Government  Market Size Market Initiatives MW Growing demand for  x7 China adopted the  3,000 Z% x6 energy is expected to  x5 national solar policy  emerge as a major  2,000 x4 and the renewable  growth driver for the  1,000 x2 x3 energy law to  x1 solar energy market promote the solar  0 20‐‐ 20‐‐ 20‐‐e 20‐‐e 20‐‐e 20‐‐e 20‐‐e energy market Geographical advantages  Chinese government  coupled with solar  announced the feed‐ subsidies by the  in tariff to develop  government is expected  the domestic solar  to boost the solar energy  Challenges energy market market in China Chinese government  Target to reduce carbon  • Oversupply Condition provided various  emission along with  incentives and  • High Price of Electricity Generation renewable energy  regional subsidies to  utilization is expected to  • Low Per Capita Income develop the solar  drive the solar energy  energy market in  market growth China SOLAR ENERGY IN CHINA 2012.PPT 27
  • 28. Thank you for the attentionThe Solar Energy Market – China report is a part of Netscribes’ Power Industry Series. For more detailed information or customized research requirements please contact: Jitendra Punjabi Phone: +91 33 4064 6215 E‐Mail: jitendra.punjabi@netscribes.comAbout NetscribesNetscribes is a knowledge‐consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, content‐management services, and knowledge‐software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes is a one‐stop shop designed to fulfil clients’ profitability and growth objectives.Disclaimer: This report is published for general information only. Although high standards have been used the preparation, Research on India, Netscribes (India) Pvt. Ltd. or “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes (India) Pvt. Ltd. and prior permission is required for guidelines on reproduction. SOLAR ENERGY IN CHINA 2012.PPT 28

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