On June 4th, the three-day Shanghai SNEC Photovoltaic Exhibition entered its second day. As the largest exhibition in the domestic photovoltaic industry, SNEC Photovoltaic Exhibition becomes an arena for enterprises every year, and new products emerge in endlessly.
According to the Financial Associated Press reporter observed at the exhibition site these two days, the major domestic component manufacturers opened the "high" mode. Including Oriental Risheng (300118 SZ), Gudway (688390.SH), Jinlang Technology (300763.SZ), Zhonglai (300393.SZ), Jingao Technology (002459.SZ) and other companies, have released the latest products.
However, it is worth noting that behind these photovoltaic module enterprises is the huge impact caused by the continuous rise of upstream raw materials, and the operating rate of many component enterprises is seriously insufficient.
According to the Financial Associated Press reporter learned from a number of photovoltaic enterprises, the current operating rate of component companies is generally less than 60%, due to supply difficulties, downstream photovoltaic power stations connected to the grid has been affected.
Components and new products are constantly emerging.
During the exhibition, Oriental Sunrise released its first production module NewT@N, with a power higher than 700W, which is another leapfrog achievement after Oriental Sunrise led the photovoltaic industry to enter the 6.0stage.
According to the Financial Associated Press reporter, the product belongs to the Oriental Sunrise "low open pressure, high load" series, is based on 210 silicon wafer efficient components. It is estimated that compared with the traditional 182,540W components, the footprint of NewT@N is reduced by 6.60%; the installed capacity is increased by 29.63%; and the overall BOS cost is reduced by about 6.68%, by 8.95%, by LCoE, by about 4.84%, by 6.16%. Under the premise of fixed electricity demand per unit area, higher installed capacity and generating capacity will effectively reduce the number of installed capacity, improve land utilization, Synchronize to reduce BOS and LCOE costs, reduce the overall investment cost.
In addition, Jingao Technology also brings DeepBlue 3.0 Pro components, which have outstanding advantages such as higher conversion efficiency, excellent power generation capacity, high reliability and so on. DeepBlue 3.0 Pro adopts a new generation of zero spacing technology, and the conversion efficiency of components is as high as 21.7%. The power of version 72 module reaches 560W and the power of version 78 version reaches 605W.
The latest launch of Zhonglai is the Niwa Max G12 ultra-high power module. The module is based on the J-TOPCon2.0 technology recently developed by Zhonglai and is equipped with 210wafer-sized batteries with a designed maximum power of 700W.
Zhengtai New Energy, a subsidiary of Zhengtai Group, launched ASTRO 6 single crystal high efficiency and high density components. It is understood that ASTRO 6 inherits the lasting and efficient quality of Zhengtai ASTRO series components, which is divided into single-sided single glass (ASTRO 6 Semi) and double-sided double glass (ASTRO 6 Twins), with a maximum power of 670W and 660W respectively), using 210large-size silicon wafers and applying 66 wafers, combined with small spacing welding technology and lossless cutting technology. While achieving a substantial leap in component power, it also ensures the improvement of efficiency, with the maximum efficiency of ASTRO 6 series components up to 21.57%.
It is worth noting that Longji, the leader of the photovoltaic industry, released the first TOPCon double-sided module-Hi-MO N. The Hi-MO N module adopts Longji HPC battery technology based on N-type TOPCon structure, which maintains the optimal component size of 182-72c, the mass production conversion efficiency is 22.3%, and the mass production power is as high as 570W. It is a product that can bring lower electricity cost to large ground power stations, and is expected to achieve a breakthrough in component efficiency and power generation.
According to incomplete statistics by a reporter from the Financial Associated Press, during the SNEC exhibition, dozens of photovoltaic enterprises launched a variety of component products, the most in history.
In this regard, a senior person in the photovoltaic industry who participated in the exhibition told the Financial Associated Press that under the background of carbon neutralization, it has brought more market space to the photovoltaic industry, so all enterprises are constantly updating their technology. a large number of new products have become the biggest attraction of the exhibition.
Insufficient operating rate caused by price increase in the upper reaches
It is worth noting that with the introduction of new component products, component prices have also risen sharply. Component enterprises generally believe that the price of upstream raw materials is the root cause of the current component price rise.
Qian Jing, vice president of Jingke Energy, told the Financial Associated Press that the sustained rise in component prices should not be a long-term situation, but due to the high price of raw materials, Jingke considered the floating mechanism of silicon prices for products as a reference coefficient. Then if the price of silicon changes, the pricing of downstream components fluctuates.
However, the rising prices of upstream silicon materials and wafers have had a great impact on component companies.
On May 26th, the Silicon Industry Branch released the price of silicon material after the price increase. the domestic single crystal compound price range is 20-205000 yuan / ton, and the average transaction price is 202700 yuan / ton; the single crystal compact material price range is 19.7-202000 yuan / ton, the average transaction price is 199000 yuan / ton, this is the 17th price increase of silicon material since the end of 2020.
The situation of silicon wafers is the same as that of silicon materials. Before Shanghai SNEC, the prices of single crystal wafers of all sizes broke through the 5 yuan / wafer mark, while the high price of polysilicon wafers also rose to 2.7 yuan / wafer. In terms of single crystal silicon wafer, the current price of G1/M6 silicon wafer is 4.79-5.03 yuan / wafer, 4.89-5.13 yuan / wafer, and the price of single crystal M10/G12 (170 μ m) silicon wafer is about 5.87 yuan / wafer and 8.22 yuan / wafer.
For the current round of silicon prices continue to rise, photovoltaic industry insiders told the Financial Associated Press, the fundamental reason is the photovoltaic industry chain in the middle of the capacity mismatch, according to forecasts, the total silicon supply for the whole year 57-580000 tons (including imports) enough to protect the terminal global 160GW installation demand, while component manufacturers frantically expand production, leading to more than 300GW expectations, so that the industrial chain completely out of balance.
Due to the high price of raw materials, the production of component enterprises has been affected. According to the reporter of the Financial Associated Press, we learned at the SNEC exhibition in Shanghai that the operating rate of many component enterprises is seriously insufficient.
"at present, our own components are about 60%, which can be regarded as a relatively high operating rate in the industry. As far as I know, the general operating rate of the industry is less than 60%, and the operating rate of 50% is good. Because prices have been rising, and there will be changes at any time, we have no way to price downstream manufacturers, if the operating rate is very high, we will be in a loss situation, so there is no way to maintain a high operating rate. " Dr. Xu, a senior figure in the photovoltaic industry, told the Financial Associated Press, "if the prices of upstream products continue to rise, then the operating rate of component enterprises will be further lower."
The price increase not only has an impact on the components, but also has a great impact on the downstream photovoltaic power stations. "many power stations have been shut down and there is no way to connect to the grid, because the cost is too high, and if the photovoltaic power stations are connected to the grid, they will face great losses, so they can only be stopped. The impact is too great, and we have no way to deal with it." A photovoltaic veteran, who spoke on condition of anonymity, told the Financial Associated Press that the serious situation is that if prices continue to rise, it will be difficult to get online at affordable prices this year.
However, for this situation, some component companies have temporarily expressed optimism. Qian Jing, vice president of Jingke Energy, told the Financial Associated Press that the price increase of silicon material and wafer should no longer be sustained in the near future. It is estimated that the market will change in the first quarter of next year.
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