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Solar Photovoltaic Market - China March 2011


Executive Summary Market Drivers & Challenges

China is the largest PV cell manufacturing country in the world accounting for a share of x% of the global production capacity in 20-It also has the largest production base for modules with a share of y% in 20--

Drivers: Economic growth and demand for energy, Geographical advantages and vast solar resources, Huge export market, Solar subsidies, Strong investment potential and Low carbon footprint

Challenges: Shortage of silicon supply and recycling limitations, High costs of electricity generation and Technological challenges Renewable Energy Law Feed-in-Tariff

Government Initiatives

MOHURD Subsidy (Solar Roofs Program) The Golden Sun Program Government Support Policies Rural Electrification Programme Adaptation of new thin film technologies

Trends

New applications of solar PV technology International participation

Competition

Market comprises of a large number of domestic players and constantly increasing participation from foreign players Domestic Players Player 1

Player 2

Player 3

Foreign Players Player 4

SOLAR PHOTOVOLTAIC MARKET IN CHINA 2011.PPT

Player 5

Player6

2


•Introduction •Market Overview •Drivers & Challenges •Government Initiatives •Trends •Competition •Key Developments

SOLAR PHOTOVOLTAIC MARKET IN CHINA 2011.PPT

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China is gradually shifting focus towards its renewable energy (RE) resources Average Annual Growth of RE Capacity

China Renewable Energy (RE) Market • Principal renewable sources of energy are: Wind Energy Hydropower Biomass Solar Energy

200—200200- only

• China spent USD x bn on renewable energy in 200and the government plans to invest USD y bn on it over the next five years

• In 200-, it added n GW of renewable power capacity , accounting for about m% of the country ’ energy consumption • China aims for a% of final energy consumption from renewables by 20-- targeting about b GW of hydro, c GW of wind, d GW of biomass, and e GW of solar PV

0 Solar PV (Grid-tied)

Solar PV (Utility scale)

Solar Thermal

Wind Power

Bio-diesel Production

Power

China’s Renewable Energy Capacity Targets

s final

GW

Solar PV Biomass

Wind Power Hydropower

• The solar energy market has been developing constantly due to strong technological innovations coupled with government initiatives 0 2005

SOLAR PHOTOVOLTAIC MARKET IN CHINA 2011.PPT

2010e

2020e

4


China has been growing rapidly and is the largest producer of PV cells and modules in the world Market Overview

Capacity and Production of Solar PV Cells

• China has become the global hub for manufacturing

GW

Solar cell capacity Solar cell production

of photovoltaic cells • It is the largest PV cell manufacturing country in the

Y%

world accounting for a share of x% of the global production capacity in 20-• It also has the largest production base for modules with a share of y% in 20--

2007

2008

0 2009

2010e

2011e

2012e

Capacity and Production of Solar PV Modules

• China has registered a phenomenal CAGR of z% in

Solar module capacity

the production of PV cells between 200- -200-

GW

Solar module production

• Over USD p bn revenue per year is added by solar PV market at a CAGR of over q%

X%

• Over 150--- jobs were linked to this sector in 200-

2007

2008

SOLAR PHOTOVOLTAIC MARKET IN CHINA 2011.PPT

0 2009

2010e

2011e

2012e

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Drivers & Challenges - Summary

Drivers Economic growth and demand for energy

Challenges

Geographical advantages and vast solar resources

Shortage of silicon supply and recycling limitations

Huge export market

High costs of electricity generation

Solar subsidies

Technological challenges

Strong investment potential Low carbon footprint

SOLAR PHOTOVOLTAIC MARKET IN CHINA 2011.PPT

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Government Initiatives - Summary Renewable Energy Law

Feed-in-Tariff

MOHURD Subsidy (Solar Roofs Program)

Key Initiatives The Golden Sun Program

Government Support Policies

Rural Electrification Programme

SOLAR PHOTOVOLTAIC MARKET IN CHINA 2011.PPT

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Trends - Summary

Adaptation of new thin film technologies

Key Trends International participation

SOLAR PHOTOVOLTAIC MARKET IN CHINA 2011.PPT

New applications of solar PV technology

8


Domestic Players in the Market (11/13) Company Snapshot: Company A Corporate Information Headquarters

Financial Performance

---Founded

Products

---

Key People

X - Chairman and CEO

Revenue

Revenue USD mn

Profit USD mn

Profit / Loss

---

0 2006

2007

2008

2009

Business Highlights • Company A has formed strategic partnership with x to jointly develop the global solar PV market The cooperation will help G expand its market in on-grid applications for PV power stations

• It completed a X MW on-grid power station project in South Korea The company provided technical guidance, equipment selection, and other services to the engineering, procurement and construction firm based in South Korea

• It also constructed its Y MW manufacturing line which has commenced commercial production This brought the company’s annual manufacturing capacity to Z MW

SOLAR PHOTOVOLTAIC MARKET IN CHINA 2011.PPT

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Solar Photovoltaic Market in China 2011