Market Research Report : Solar Energy in China 2014 - Sample

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Abstract:
Netscribes latest market research report titled Wind Energy Market in China 2014 analyses how the renewable energy sector is gaining importance in China and how wind energy has become an indispensable part of this sector. With the gap in demand and supply of energy increasing at a steady pace, it has become necessary to look beyond conventional sources for generating energy. This has led to a shift in focus from thermal power plants to renewable sources of energy. With wind energy related equipment being the easiest and least expensive to set up among the various types of renewable energy, the latter has emerged as the fastest growing segment. Mandate of reduced carbon footprint under the 12th FYP to act as a major growth driver for the wind energy market. However, Weak grid connectivity to have an adverse impact on the Chinese wind energy market.
Several policies have been adopted by the Chinese government to promote the development of large scale wind power bases in China. Ministry of Finance has promulgated several policies to encourage wind power production in 2008. Growing dominance of domestic companies in the wind power market has emerged as a major trend in China. The market is characterized by high competition among players. Market players are focusing on the development of off-shore wind power. Wind power capacity has witnessed steady growth over the past years and is on the way to become as a major source of power generation in the future.
Coverage
Overview of Wind energy market in China and historical and forecasted wind power installed capacity over FY 2006 to FY 2018e
An Overview of planned wind power bases, Construction and targets
Qualitative analysis of market drivers, challenges, key trends and regulatory measures taken by the government
Overview of the direct investment scenario of major domestic and foreign companies
Analysis of the competitive landscape and detailed profiles of major players

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Market Research Report : Solar Energy in China 2014 - Sample

  1. 1. Solar Energy – China August 2014
  2. 2. 2 Executive Summary Market Drivers & Challenges Competition China accounted for x% of the global PV cumulative installed capacity in 2012 Chinese cumulative solar PV installation base is expected to reach aa MW in 2017 growing with a CAGR of y% during 2013-17 Major Players Player A Player B Player C Player D Government Initiatives China National Solar Policy BIPV Program Golden Sun Program Drivers: Challenges: Focus on CSP Technology Steady IT Investments Solar Power Plant Construction Trends  Growing Energy Demand  Geographical Advantages  Solar Subsidies  Focus on Renewable Energy  Reduction in CO2 Emission  Oversupply Condition  Insufficient State of Power Grid  Low Per Capita Income National Renewable Energy Law Research and Development Investment Guidelines SOLAR ENERGY IN CHINA 2014.PPT
  3. 3. 3SOLAR ENERGY IN CHINA 2014.PPT •Introduction •Market Overview Global China •Value Chain •Drivers & Challenges •Government Initiatives •Trends •Mergers & Acquisitions •Investment Scenario •Competitive Landscape •Strategic Recommendations •Appendix
  4. 4. 4 SAMPLE European region accounted for about xx% of the world’s cumulative PV capacity in 2012 Note: Policy Driven: The European market would stabilize first around 16-17 GW in 2013 before growing slowly again to around 25-28 GW five years from now; Business – as – usual: Refers to the normal conduct of business regardless of current circumstances Business – as – usual Policy Driven Business – as – usual Policy Driven Global PV cumulative installed Capacity Evolution of global PV annual installations 250 200 150 100 50 0 300 f4 f3 f2 f1 2016e E e4 e3 e2 e1 2015e D d4 d3 d2 d1 2014e C c4 c3 2017e GW F c2 c1 2013e B b4 b3 b2 b1 2012 A a4 a3 a2 a1 100 500 400 300 200 0 F f4 f3 f2 f1 2016e E e4 e3 e2 e1 2015e D d4 d3 d2 d1 2014e C c4 c3 c2 c1 2013e B b4 GW b2b1 2012 A b3a3 a2 a1 2017e a4 OthersEuropeAmericasChinaOthersEuropeAmericasChina 50 40 30 20 10 0 c1 2013e B b4 b3 b2 b1 2012 A a4 E e4 e3 e2 e1 2015e D d4 d3 d2 d1 2014e C GW a3 a2 a1 c4 c3 c2 2017e F f4 f3 f2 f1 2016e 20 100 80 60 40 0 2017e F f4 f3 f2 f1 2016e E e4 e3 e2 2013e B b4 b3 b2 b1 2012 A a4 a3 a2a1 e1 2015e D GW d3 d2 d1 2014e d4c4 c3 c2 c1 C OthersEuropeAmericasChinaOthersAmericas EuropeChina SOLAR ENERGY IN CHINA 2014.PPT
  5. 5. 5 SAMPLEPV Technology has grown over the past decade at a remarkable rate in China… Business – as – usual Policy Driven Historical Cumulative PV Installed Capacity Trend Forecasted Cumulative PV Installed Capacity 0 5,000 10,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 MW x13 x12 x11x10x9x8x7x6x5x4x3x2x1 0 20,000 40,000 60,000 MW A 2017e a15 2016e a14 2015e a13 2014e a12 2013e a11 0 20,000 40,000 60,000 80,000 b13 2015e2014e B 2016e b14 MW 2017e b15 b12 2013e b11 SOLAR ENERGY IN CHINA 2014.PPT Note: Policy Driven: The changes witnessed in China solar energy market is primarily due to the stabilization in the European market
  6. 6. 6 SAMPLEIn 2012 rooftop segments represented around y1 GW of the total installations in the country Business – as – usual Policy Driven Rooftop PV Development Scenario Utility - Scale PV Development Scenario Business – as – usual Policy Driven 30 20 10 0 GW 2017e y6 x6 2016e y5 x5 2015e y4 x4 2014e y3 x3 2013e y2 x2 2012 y1 x1 ChinaWorld 50 40 30 20 10 0 GW 2017e y6 x6 2016e y5 x5 2015e y4 x4 2014e y3 x3 2013e y2 x2 2012e y1 x1 ChinaWorld 25 20 15 10 5 0 GW 2017e b6 a6 2016e b5 a5 2015e b4 a4 2014e b3 a3 2013e b2 a2 2012 b1 a1 ChinaWorld 0 40 10 30 20 2017e b6 a6 2016e b5 a5 2015e b4 a4 2014e b3 a3 2013e b2 a2 2012 b1 a1 GW ChinaWorld SOLAR ENERGY IN CHINA 2014.PPT Note: Policy Driven: The changes witnessed in China solar energy market is primarily due to the stabilization in the European market
  7. 7. 7 SAMPLEElectricity demand projected to grow at x% CAGR during 2008-35 is poised to drive solar energy growth in China Growing Energy Demand (2/2) Note: Mtoe – Mn tonnes of oil equivalent; Production in TWh (Tera Watt Hours); Power Capacity in GW; HP: Hydro Power; WP: Wind Power; CFP: Coal Fire Power Electricity Demand 0 20,000 40,000 2025 y4 x4 2020 y3 x3 2015 y2 x2 2008 y1 x1 Twh x 2035 y6 x6 2030 y5 x5 ChinaWorld Expected PV Role (2050) 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 a3 a4 a5 Production Bb1 b2 b3 b4 b5 Power Capacity Aa1 a2 Nuclear Wind PowerPVOthers Hydro Power SOLAR ENERGY IN CHINA 2014.PPT
  8. 8. 8 SAMPLEGrowing emphasis on renewable energy to act as a major growth driver for the solar energy market in China • China aims to source more than x% of its energy requirement from renewable sources by 2020 • The country intends to replace around aa mn tons of standard coal equivalents of fossil energy with renewable energy by 2015 • Investments required to meet the renewable energy target of x mn tons of standard coal equivalents by 2020 is estimated at around USD y bn  During 12th plan solar power has an estimated investment potential of around USD a bn • In 2013, The National Energy Administration (NEA) of China has been planning to set up distributed solar PV demonstration power plants across the country • Increasing investments in solar projects with a view to meet the renewable energy targets is expected to have a favorable impact on the growth of the solar energy market Focus on Renewable Energy Impact Category 2011 – 2015 (USD bn) Solar Water Heater and Surface Geothermal Energy x Biomass y Solar Power z Wind Power a Others b Investment Potential (12th Plan)Renewable Energy Targets by 2015 100% 80% 60% 40% 20% 0% GW 2020e B b4 b3 b2 b1 2009 A a4 a3 a2 a1 Solar PV Biomass Power Wind Power Hydro Power SOLAR ENERGY IN CHINA 2014.PPT
  9. 9. 9 SAMPLEInsufficient state of Power Grid act as a greatest hindrance to the development • Currently, China is facing serious grid connection problem in integrating solar power to the grid • In 2012, around 1 GW of capacity was newly installed in the province of Qinghai, but only x % of it was connected to the grid in good time • Despite of all, the country does not have enough transformers for the mn kilovolt (kV) transmission lines • In Tibet, the construction of a aa kV line to connect additional solar power plants has been delayed due to grid connection problems Insufficient State of Power Grid Impact Only x% of total capacity was connected to the grid Connection Status 0 200 400 600 800 1,000 MW a Connected To Grid b Newly Installed Capacity SOLAR ENERGY IN CHINA 2014.PPT
  10. 10. 10 SAMPLE Note: Changed according to May 2014 exchange rate BIPV Program Vs. Golden Sun Program Subject BIPV Program Golden Sun Program Applications • XX1 • YY1 System Size • XX2 • YY2 Subsidy • XX3 • YY3 Other Terms • XX4 • YY4 Comparative Analysis (BIPV/Golden Sun) SOLAR ENERGY IN CHINA 2014.PPT
  11. 11. 11 SAMPLECSP technology is gaining immense popularity in Chinese solar energy market • In 2013, China announced its plan to build aa GW Concentrating Solar Power(CSP) installations by 2015, more than the current cumulative world total CSP installation • 12th Five-Year Plan has clearly recognized the potential of CSP in China, with the target being raised to x1 GW of commercial-scale activity by 2020  The x2 GW of CSP installations by 2020 would be located mainly in Tibet, Inner Mongolia, Gansu, Ningxia, Xinjiang, Qinghai, and Yunnan, all provinces with high levels of insolation • China will emerge as the world’s leading CSP proponent if the country met its target of installing x3 GW of CSP solar Focus on CSP Technology Players are focusing on CSP technology CSP Solar Target (2015) 0 10 20 30 2011 mn kw A 2020e a2 a1 China announced in 2011 a goal of a GW for solar power by 2015, including a1 GW for CSP, and then raising the goal in 2012 to b GW for PV and c GW for CSP SOLAR ENERGY IN CHINA 2014.PPT
  12. 12. 12 SAMPLEChinese solar players are mainly focusing on semiconductors and semiconductor equipment investments • Text 1 • Text 2 • Text 3 • Text 4 • Text 5 Steady IT Investments Players are focusing on IT Investment IT Investments Hanwha Solarone Co. Ltd. – IT Investments Note: Investment data for 2013 - 14; *(% of Total Investments); **Semiconductor and Semiconductor Equipment; *** IT Investments include semiconductor investments 0 20 40 60 80 100 D Canadian Solar C Trina Solar B JA Solar A %* Yingli Green G GT Advanced F Renesola E Hanwha Solarone a1 a2 Industrials IT C Semiconductor Equipment** SOLAR ENERGY IN CHINA 2014.PPT
  13. 13. 13 SAMPLEMergers & Acquisitions (M&A)/Private Placement (1/x) Announced Date Closed Date Transaction Type Target Buyer/Investors Sellers Deal Size (USD mn) -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Note: Data for 2013 and 2014 SOLAR ENERGY IN CHINA 2014.PPT
  14. 14. 14 SAMPLEInvestment Overview (x/x) Player 1 – Point A Player 2 – Point B Note: Data for 2013 – 14 ; * 100% investments in Renewable electricity D A B C IT Utilities Energy Industrials a1 Independent Power and Renewable Electricty* x y Electric Power by Wind Energy Electric Power By Solar Energy a1 IT a2 Semiconductors and Semiconductor equipment SOLAR ENERGY IN CHINA 2014.PPT
  15. 15. 15 SAMPLEMarket Competition – Porter’s Five Forces Analysis • Text 3• Text 1 • Text 4 • Text 5 • Text 2 Bargaining Power of Suppliers Threat of New Entrants Competitive Rivalry Bargaining Power of Buyers Threat of Substitutes Impact Medium Impact Low Impact MediumImpact Medium Impact High SOLAR ENERGY IN CHINA 2014.PPT
  16. 16. 16 SAMPLECompetitive Benchmarking (1/5) Public Trading Comparables (FY 20--) Player 1 Player 2 Player 3 Market Capitalization (INR mn) x1 y1 z1 Share Price (INR) x2 y2 z2 EV/EBITDA (x) x3 y3 z3 EV/Revenue (x) x4 y4 z4 PE Ratio x5 y5 z5 Note: Top 4 Public companies based on the Market Capitalization; Market Capitalization is as on 22/05/20--, Share Price is as on 21/05/20-- and PE ratio is as on 22/05/20-- SOLAR ENERGY IN CHINA 2014.PPT
  17. 17. 17 SAMPLEKey Ratios of Major 3 Companies – Operational Basis (FY 20--) (x/x) Competitive Benchmarking (x/x) • xxx 0 5 10 15 20 25 xx Player 2 xx xx xx Player 1 xx xx xx xx Player 3 Player 4 Debtors Turnover RatioInventory Turnover Ratio CLOUD COMPUTING MARKET IN CHINA 2014.PPT
  18. 18. 18 SAMPLEPublic: Domestic Company – Player 1 (x/x) Key People Products and Services Company Information Locations – China Corporate Address Tel No. Fax No. Website Year of Incorporation Ticker Symbol Stock Exchange Name Designation Headquarters CLOUD COMPUTING MARKET IN CHINA 2014.PPT Category Products/Services Products
  19. 19. 19 SAMPLEFinancial Snapshot Key Ratios Financial Summary • The company earned a net profit of USD xx mn in FY 20--, as compared to a net profit of USD xx mn in FY 20-- • The company reported total Income of USD xx mn in FY 20--, registering an increase of xx % over FY 20-- • The company earned an operating margin of xx% in FY 20-- an increase of xx percentage points over FY 20-- • The company reported debt to equity ratio of xx in FY 20--, an increase of xx % over FY 20-- Financial Summary Total Income Net Profit/Loss c b b 00 aa y x 20-- y y Profit USD mn x Total Income USD mn x 20-- y x 20--20-- Indicators Value (12/05/2014) Market Capitalization (USD) xx Total Enterprise Value (USD) xx EPS (USD) xx PE Ratio (Absolute) xx Improved Decline Particulars y-o-y change (20--) 20-- 20-- 20-- 20-- Profitability Ratios Operating Margin Net Margin Profit Before Tax Margin Return on Equity Return on Capital Employed Return on Working Capital Return on Assets Return on Fixed Assets Cost Ratios Operating costs (% of Sales) Administration costs (% of Sales) Interest costs (% of Sales) Liquidity Ratios Current Ratio Cash Ratio Leverage Ratios Debt to Equity Ratio Debt to Capital Ratio Interest Coverage Ratio Efficiency Ratios Fixed Asset Turnover Asset Turnover Current Asset Turnover Working Capital Turnover Capital Employed Turnover CLOUD COMPUTING MARKET IN CHINA 2014.PPT Public: Domestic Company – Player 1 (x/x)
  20. 20. 20 SAMPLE A% B% 0% Z% Y% 20-- x Z% Y% 20-- x 0% A% B% 20- - xx 20- - Y%Y% 20- - x Y% Industry1 Region 1 Region 2 Key Business Segments Key Geographic Segments Key Recent Developments Description News Overview Joint Ventures New Business CLOUD COMPUTING MARKET IN CHINA 2014.PPT Public: Domestic Company – Player 1 (x/x)
  21. 21. 21 SAMPLE •Text •Text • Text•Text TO WS Strength Weakness Opportunit y Threat CLOUD COMPUTING MARKET IN CHINA 2014.PPT Public: Domestic Company – Player 1 (x/x)
  22. 22. 22 Thank you for the attention About Netscribes Netscribes 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. Solar Energy – China report is a part of Netscribes’ Energy Industry Series. For any queries or customized research requirements, contact us at: 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. Phone: +91 22 4026 7600 E-Mail: info@netscribes.com SOLAR ENERGY IN CHINA 2014.PPT

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