Double Heroes on the photovoltaic glass market

"Double Heroes"

In the photovoltaic transparent solar glass duopoly pattern, Ruan Hongliang is Li Xianyi's most powerful opponent that cannot be ignored.

On February 15 this year, with the sound of the listing gong, Follett, managed by Ruan Hongliang, successfully landed on the Shanghai Stock Exchange, becoming the only A+H share photovoltaic company.

Shortly after the market opened, the new stock jumped as much as 44%. The net amount of funds raised by Follett is about 254 million yuan. The funds will be used for the photovoltaic module cover transparent solar glass project with an annual output of 900,000 tons, and the online Low-E coated transparent solar glass project with an annual output of 100,000 tons.

Ruan Hongliang entered the transparent solar glass industry ten years later than Li Xianyi. In 1998, Jiaxing Naibang Economic and Trade Co., Ltd., the predecessor of Flatt, was established to engage in transparent solar glass products business. Back then, Li Xianyi, who had already established himself in the automotive transparent solar glass industry, officially announced his entry into the field of architectural transparent solar glass.

But Ruan Hongliang is a well-deserved pioneer on the Chinese photovoltaic transparent solar glass track. As early as 2006, he began to get involved in the photovoltaic transparent solar glass industry, and his products were the first to pass the Swiss SPF certification in China.

A year earlier, the "Kyoto Protocol" came into force. New energy industries such as photovoltaics and wind power have ushered in favorable policies. However, the photovoltaic transparent solar glass industry at that time was still monopolized by foreign giants, and downstream manufacturers had to bear high import prices.

Two years after Follett broke the foreign monopoly, Li Xianyi crossed into the photovoltaic industry. Under the theme of localization, the battle between the two heroes has become increasingly fierce.

While Li Xianyi was struggling to build the Wuhu base, Ruan Hongliang also accelerated the construction of the Jiaxing base.

From 2008 to 2010, Follett's three photovoltaic glass solar panels production lines with a total of 1090t/d were put into operation in turn. In 2011, the localization pioneer also moved to Anhui, spending 2 billion yuan to build a large-scale production base in Fengyang County.

Under the strong offensive of Chinese enterprises, the old-fashioned foreign giants such as Asahi glass solar panels and Saint-Gobain have been defeated.

As of the end of May this year, there were 23 production bases, 38 kilns and 130 production lines for ultra-clear patterned glass solar panels in China. China's photovoltaic glass solar panels industry has long since gotten rid of its dependence on imports, and has firmly grasped the dominance of the international market.

After growing into new oligarchs in the industry, Li Xianyi and Ruan Hongliang began to embark on the road of capital export. In 2016, Li Xianyi went south to Malaysia to set up a base. Almost at the same time, Ruan Hongliang was preparing to build a factory in Vietnam.

As of the end of last year, Follett's original photovoltaic glass solar panels production capacity reached 4290t/d, and it is expected to reach 6290t/d by the end of this year. And Xinyi now has a total solar photovoltaic glass solar panels production line of 7800T/D.

The two heroes are gone, making it difficult for competitors to keep abreast of them. The two share more than half of the global market share, and this trend of concentration is still intensifying.

As a high-end photovoltaic glass, the photovoltaic glass industry has strong barriers. photovoltaic glass has extremely high requirements for high temperature corrosion resistance, impact resistance, light transmittance and reflectivity, and it is difficult for ordinary photovoltaic glass to overcome the technical barriers of photovoltaic glass.

In addition to high technical barriers, the industry also has high certification barriers and high customer barriers. Strict environmental review, export module certification review, and difficulty in breaking the supplier list of existing PV module companies often discourage companies that want to enter the market.

In addition, unlike other links in the photovoltaic industry chain, the iteration speed of photovoltaic glass is not as fast as other links. This relatively stable development rhythm makes the field rarely injected with new blood.

In the past ten years or so, while breaking the foreign monopoly, the duo has also built new monopoly barriers.

Similar to Cao Dewang, the duopoly pattern constructed by Li Xianyi and Ruan Hongliang is now subject to controversy after losing its initial aura.

Photovoltaic glass double glass solar panels "fires"! List of top ten photovoltaic glass companies

Published on: 2019-09-12 08:14:25 Source: OFweek Solar PV

Recently, photovoltaic glass double glass solar panels has suddenly "fired".

Since the "531 New Deal" in 2018, the domestic market demand has dropped significantly. By the end of last year, the photovoltaic market began to gradually heat up.

Due to the strong market demand, the supply of photovoltaic glass has been in short supply, and its price has continued to rise.

In terms of price, the average sales price of photovoltaic glass and double glass solar panels in November last year was about 20 yuan/square meter. By August this year, its average sales price had risen to more than 26 yuan/square meter, an increase of over 30%.

With the implementation of the expected photovoltaic installations in the second half of 2019, the peak photovoltaic season is coming, and the future market demand for photovoltaic glass and double glass solar panels can be expected.

Short-term demand inflection point is approaching

The agency predicts that the domestic photovoltaic installed capacity will be 21.5-27.5GW in the fourth quarter of 2019, an increase of 270%-300% from the previous month. At present, domestic project bidding is intensively carried out, and it is estimated that large-scale construction will begin in mid-to-early September. At the same time, the European summer holidays are over, and overseas demand will also start simultaneously in September. In the fourth quarter, domestic and foreign demand resonated upwards and increased significantly month-on-month. Photovoltaic glass has taken the lead in increasing prices due to its small supply elasticity. The current price of PERC cells has fallen below the cash cost of the old PERC production line, and the price may stop falling and rise again. The supply and demand of monocrystalline materials and monocrystalline silicon wafers have been tight in the third quarter, and the tight supply and demand situation will intensify in the fourth quarter, and the profitability of each link may increase.