Asia – Page 5 – Solar Magazine

MITHRIL gmbH has been advised by HFG China and Deutsche Mittelstandsfinanz to go on with the transaction of Global Solar Energy to Hanergy

Advice has been offered by HFG China and Deutsche Mittelstandsfinanz to Mithril GmbH, a German family business, who represents 100% of the shares in the selling of Gloal Solar Energy, Inc .to Hanergy.

Since its foundation in 1996, Global Solar has always been a pioneer in the PV production. This is the world leading manufacturing company in extensive construction of CIGS (Copper Indium Gallium diSelenide) with the light-weight, highly effective renewable energy products that reside with flexible cells, arrays, and integrated shingles. These arrays are laid out for crucial parts of the high-end, high-growth malleable PV trade, especially when glass array systems are inadequate because of their weight constraints and the necessities for flexibility. GS (Global Solar) changes the traditional glass array products, designing integrated PV (BIPV) roof systems. The thin film production within the facility of the company is 40 MW annually.

Being the world’s top thin-film PV company, Hanergy Holding Group Ltd. is a global clean-energy power producer. Hanergy employs in the unification of the entire PV industry chain, and to withhold R&D, top quality equipment construction, PV array manufacturing and de the development of PV power plants.

After the development of GS into a mass extent manufacture company, it raises the need for a large international strategic associate in order to market their one of a kind technology. By purchasing Global Solar, Hanergy is increasing its competence and service offering in the thin film section, which represents an important goal in the growth strategy.

HFG China and Deutsche Mittelstandsfinanz are glad to empower the transaction with the restructuring expert Johann Stohner of Alvarez & Marsal and Chris LeWand of FTI Capital Advisors. The two companies represented joint financial advisors to Mithril GmbH.

Roxana Moraru

Negotiations are continuing in regard with import taxes between China and EU

Thorough bargaining continue to take place between the EU and China in the discussion of the PV market. Chinese Minister

Gao Hugheng and the EU trade commissioner Karel De Guchy will confront each other on this concern by the end of the week, being said that it will consist in long telephone conversation between the two. Additonaly, a compromise was offered to China by the EU, EU awaits a response.

The member states of the EU are to be aknowledged by the European Commission in the negotiation-related matters by the end of the week. China was seemingly given concessions by the EC, as reported earlier this week by the German news agency DPA.

An import tax cut was proposed by the EU for crystalline substrates, cells and arrays by 15%, but the reduction is not known on which base. Although it is said that the EU made a minimum import value proposal of €0.65 per watt for Chinese arrays, given to us by well informed sources, China had a proposal of the minimum price of €0.50 per watt on imported arrays.

Import duties on Chinese crystalline substrate,cells and arrays will rise from 11.8% to an average of 47.6% if no compromise is achieved by Aug. 5.

Jochen Endle, spokesman of Hanwha Q CELLS Germany tells us that some 200 MW of high-efficiency cells and 120 MW of high-efficiency modules are currently produced in Thalheim annually. The cells are mainly used in the company’s own arrays. In Malaysia, the company produces 900 MW of standard cells, some of which are exported to Europe.

Roxana Moraru

China does not apply any punishment for importing polysilicon from the EU

It was told once more by the german Economics Ministry that no vindictive duties shall be given by China due to conflicting imports from the EU. Thursday the statements were backed up by the Ministry of Economics, no increase in punitive tariffs is to be made in regard with import of polysilicon.

The Economics spokesperson Stefan Rouenhoff declared: “To our knowledge, there will be no Chinese punitive tariffs on European polysilicon imports to China, Negotiations between the EU and China regarding the EU anti-dumping and anti-subsidy cases against solar panels from China are continuing. The aim of the Federal Ministry of Economy is to continue to contribute to an amicable solution between the EU and China.”

Beijing had not made any obligation to dictate anti-dumping punishment on the polysilicon line from the EU. This remains to be given by an unknown source related to China’s Ministry of Commerce giving a feedback on the polysilicon factor between Chinese minister of commerce Gao Hucheng and German economics minister Philipp Rösler.

Further bargains are taken by a Chinese delegation in Brussels this week on the EU’s anti-dumping fees in Chinese PV imports after a 3 week delegation made by EU in Beijing. Negotiations continue, said Helen Banner, the spokesperson of EU trade agent Karel De Gucht.
The EU Agency aproved a phased admittance in June in which anti-dumping fees are to be raised 11.8% on Chinese imports, even though a sound confronting was given by a large number of EU member states.

For months, authoritative taxes were taken into consideration regarding polysilicon imports from the EU by China, the Ministry of Commerce started an investigation in the imports of European polysilicon in the end of the last year in a short while after EU Commison began its investigation into the claimed anti-dumping procedures by Chinese producers.

Roxana Moraru

Berlin-Beijing’s argue about polysilicon is to be resolved

China denied punitive tariffs on EU polysilicon imports as a sign of conciliation with Germany.

The German Federal Ministry of Economics approved a report by German financial daily Handelsblatt that shows that German economics minister Philipp Rösler and Chinese minister of commerce Gao Hucheng came to an understanding regarding polysilicon imports.

In spite of the fact the everyone expected another move from China, for instance to deny European polysilicon imports, the two countries reached a settlement. This could be a first step up regarding a resolution of the trade dispute that grew in Europe’s PV industry.

In this year’s June, the European Commission, imposed anti-dumping tariffs of 11.8% on Chinese PV imports to Europe even though a large amount of EU states din not agree and neither did the European PV industry.

China has been thinking about imposing EU and U.S duties on polysilicon as well, but the new settlement shows that China has reached out towards Germany, Europe’s biggest polysilicon producer, which would have had a lot to suffer from the tariffs.
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Roxana Moraru

The destiny of PV is in China and Japan’s hands

45% of the world’s request for solar power is said to come from the double Asian marketsin the remaining of this year, as consultants predict. A record of over 45 GW is forecasted for 2013.

NPD Solarbuzz, a solar consultant, announced that the world overreliance by the PV industry on China and Japan will go up in the rest of 2013

The last report is predicting that the two Asian countries will be responsible for over 45% of global solar demand until 2014, with a record of 35 GW.

As Solarbuzz estimates Japan’s, China’s, Germany’s and U.S.A.’s requests for PV reached over 60% of the global demand.

Solarbuzz also points out the fact that PV market will rely on the two countries is not necessarily a good thing as Europe is set to supply less than 30% of PV request this year as opposed to 50% of the second half of 2013.

45 % of the 15 GW demand until now was for large scale utility and commercial ground mount, 20 % for residential rooftop and 35% was for non-residential rooftop and off-grid.

Roxana Moraru

Siemens solar division will close down

The solar division from Siemens will shut down after they failed to sell the unit that has not been functioning for nine months.

The company would be shut down production and the division according to sources from the company. Yet still, current ongoing projects will be completed and warranty obligations will be fulfilled, as announced by a company spokesperson.

As a result, 280 people will loose their jobs. The majority of them are located in in Israel, where the solar thermal subsidiary Solel Solar Systems, a Munich-based group operates.

Siemens spokesman To

Wolf also claims that “the current and future market for solar receivers remains low. As a result, it was difficult to agree on a business plan for a sale that took into sufficient account the interests of both the buyer and seller.”rsten Wolf said that „After seven months of intensive sales efforts for the solar thermal business, it’s clear that due to the increasingly difficult market situation, no investor could be found for the business.” He also announced that the company was unable to reach an agreement that “provided due consideration for the interests of customers, employees, investors and Siemens.”

The latest engineering company, Siemens, purchased Solei in 2009 with $418 million. The group has reported $1 billion losts and Siemens put its solar unit on the block.

Roxana Moraru

Polysilicon prices are to go up a little

The price rising is happening because of the anti-dumping tariffs China is set to establish on the polysilicon from the EU, U.S.A. and South Korea. According to IHS the new prices will not affect the industry.

The last IHS Polysilicon Price Tracker report also shows that the weight of the increase will be limited by market factors.

The stratagem could bring the global solar polysilicon pricing up to $19.50 per kilogram in June and July, while in May the price was $16.50.

The flood was unexpected in the market as the prices were going down in the last 10 months.

Despite all this, the report shows only an 18% increase, “falling short of the 30% indicator that would represent a major market correction. Prices also would remain below the key $20-per-kilogram mark.”

China was “likely to impose anti-dumping tariffs with rates ranging from 30 to 50% on polysilicon imported from the European Union, the United States and South Korea. However, the impact of the duties will be mitigated by factors including long-term agreements that stabilize pricing as well as efforts by buyers and sellers to bypass the tariffs”, announced Glenn Gu, senior analyst, photovoltaics, at IHS.

The report also predicts that global manufacturing overcapacity of solar-grade polysilicon will not allow sustainable local price spikes, although the local production us protected.

Roxana Moraru

Import charges for PV products will be raised up to 67.9% by August

Further details regarding import charges have been released by the European Commission on the crystalline photovoltaic imports from China. By August, there is a possibility that Chinese companies will be confronted by contingent charges of an average 47.6% if they fail to reach an agreement with the EU.

Such measures will be taken on August 6 by the European Commission, who will set company specific charges that can range from 37.3 to 67.9% in case of failure in an agreement between the parts.

An equable tariff of 11.8% will be put into action starting from June 6 through August 5. This tariff applies to all companies concerned. The guidelines introduced in March making it necessary to record imports will be halted because of the anti-dumping duty.

Announced on Wednesday in the Official Journal of The European Union, granted by the EU Regulation 513/2013, the initial import duties for China’s crystalline solar trades are established in conformity with “net free-at-Union-frontier price, before duty.” Thus, these imports are “subject to the provision of a security equivalent to the amount of the provisional duty” before their release into the EU.

Lower duty rates will be granted to those companies that have stood up for EU investigations and have lower dumping allowance.
According to the EU regulation, companies that have supported EU investigations and that have lower dumping margins as well as lower injury margins for EU manufacturers will face lower duty rates.

As a consequence, Trina affronts an import duty rate of 51.5%; Jinzhou, a rate of 38.3%; Suntech 48.6%; Yingli 37.3%; 51.5%; LDK 55.9%; JA Solar 58.7%; and Delsolar an import duty rate of 67.9%.

Not only products made in China but also those exported by the country, such as crystalline photovoltaic modules, cells and wafers will face these taxes.

For 130 other companies that are part the EU investigation and are listed in the regulation annex, a preliminary duty of 47.6% will apply from Aug. 6. All other uncooperative companies with the EU investigation will be confronted with 69.7% import duties.

A concluding resolution will be made by the EU Council of Ministers on the level, likely to be sustained and be held valid in the subsequence of import charges on December 5 through the EU affiliated countries. In regard to the retroactive administration of anti-dumping control, no decision has been made yet.

Roxana Moraru

PV generation saved by the Japanese government. The companies are offer low-interests loans

The government in Japan is willing to help the Pv industry bloom. Regarding this matter, the government thought is for the best that the companies are offered low-interest loans for. The offer is available to those who install rooftop power systems.

The Japanese government is offering to help rooftop PV installers boost.

The Ministry of Economy, Trade and Industry in Japan will soon provide secure low interest loans to companies burrowing rooftop space for solar panels.

Citing the Nikkei newspaper, Bloomberg informs that the credit will be available via public financial institutions such as the Development Bank of Japan.

Companies will be allowed to sell electricity produced by the solar panels on the rooftops of people’s homes. These homeowners will also have something to gain in return for renting their rooftop space: they will receive between 10,000 yen ($97, €75) and 20,000 yen ($195, €150) a year.

Roxana Moraru

300 MW of solar projects are to be constructed by Chinese Merchants

The Chinese city of Xingtai and China Merchants New Energy Group signed a deal to develop 300 MW of solar projects in home market.

China Merchants New Energy Group (CMNE), a renewable energy project developer is going to build this year a third of the initial project, meaning 100 MW of solar project will be located in China’s Hebei province south of Beijing, as the company spokesman announced during this week.

The representatives of the company also said they will not give information regarding the financial details of Xingtai enterprise. Despite this, the company allied with Xinjiang Production and Construction Corps Investment Co. so that they could develop 300 MW of solar projects in the Xinjiang province in northwestern China by 2015 with a total investment of invest CNY 3 billion ($489 million, €378 million).

Moreover, in the past year CMNE invested CNY 10 billion in solar projects. The money came from China Development Bank. This was also a joint venture with with Chinese polysilicon giant GCL-Poly Energy Holdings with whom they would produce 973 MW of PV facilities.

Last year CMNE secured CNY 10 billion from the China Development Bank to finance solar projects and the group partnered with Chinese polysilicon giant GCL-Poly Energy Holdings to develop some 973 MW of PV facilities in the country.

Roxana Moraru