The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Photovoltaic Production in China's Jiangsu Province Falls 30% in 2012

Total output value of the PV industry in Jiangsu province, China amounted to 180 billion yuan (approx US$28.9 billion) for the first 10 months of 2012, a year-over-year decrease of 28 percent, according to recently released data. The industry's total exports reached US$6.89 billion for the same period, down 38 percent when compared to the corresponding period of the previous year. Insiders foresee the industry's total output value for the whole year of 2012 to decrease by up to 30 percent year over year.

Over half of the province’s PV manufacturers are struggling, and at the same time find themselves saddled with heavy debts – over 50 percent of the firms have ceased production. Publicly available information revealed that Wuxi city-based PV manufacturer Suntech recorded a net loss of US$116 million and total liabilities exceeding US$3.5 billion for the first three quarters of 2012. Another Jiangsu-based PV manufacturer Hareon Solar reported losses of up to 199 million yuan (approx US$31.9 million) and operating revenue of 3.65 billion yuan (approx US$586 million) for the same period, with the latter down 31.7 percent.

An industry insider said in an interview that the depression in the province’s PV industry was mainly attributed to the significantly decreased prices for PV components, the high liability ratio among certain firms, in addition to the above mentioned “exit” of more than half of the producers. The insider also suggested that the province expand PV applications across the country and accelerate a restructuring of the sector through consolidation and by shutting down the makers that don’t have the wherewithal to upgrade their technologies. 

Wuxi Suntech signed a strategic cooperation agreement with Jiangsu Phono Solar last May, under which, the two parties would jointly expand the country’s PV power station projects, focusing on co-developing, establishing and investing in large PV stations and rooftop installations.

Solar PV was the province’s first foray into a renewable energy industry and has now formed a complete industry chain, from production of polycrystalline silicon raw materials to establishment of PV power stations. The province is home to many of China’s leading PV manufacturers, including eight manufacturers that have listed on stock exchanges outside of China and five that rank among the world’s top 10 PV manufactures in terms of sales. Two thirds of China’s output value in the PV sector comes from the province.

To get the PV industry back on track and into a growth mode again, the province needs to encourage and support independent innovation and apply core technologies to improve its competitiveness in the PV market, according to an industry insider. Recommendations include establishing special research funds to assist companies, colleges, universities and scientific research institutes in making the needed investments in the research and development of PV technologies, with a focus on the end market.

The province’s capital, Nanjing, recorded a year-over-year decrease of 39 per cent in the PV industry’s core business revenue for 2012, whereas two years earlier, in 2010, the city experienced a year-over-year increase exceeding 100 percent. 

Lead image: Chart down via Shutterstock

Untitled Document

Get All the Renewable Energy World News Delivered to Your Inbox

Subscribe to Renewable Energy World or email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Solar water heating

California Regulators Propose Expansion of Eligibility Requirements for Solar Water Heating Program

Jennifer Delony The California Public Utilities Commission has proposed expanding the eligibility requirements for customers seeking ...

Florida Supreme Court Takes Up Solar Question

Wayne Barber Because Florida remains one of only four states where current laws expressly deny citizens and businesses the freedom...
solar net metering

Lithuanian Net Metering Hits Snag from Outset

Linas Jegelevicius The much anticipated net metering in Lithuania has hit a major snag from the very start – the introduced network oper...
Solar energy

Colorado PUC Orders No Changes to Solar Net Metering

Vince Font In what is being lauded as a “fair outcome” for consumers, utilities and the solar industry alike, the Colorado Publi...


Array Technologies Finalizes Shipments to E.ON’s Maricopa West Solar Project

Array Technologies, Inc. (ATI) has completed DuraTrack® HZ shipments to the 20 MW (ac) ...

B.C. Energy Minister to provide keynote at renewables for mines summit.

BC Minister of Energy and Mines to address the challenges of providing alternative powe...

Mining leaders seek renewables solutions at Toronto Summit

The global mining sector is facing a tough business environment with low commodity pric...

American Renewable Energy Institute Gears Up for 12th Annual Summit

"Racing Climate Change: Green Bridge with China, The Road to Paris” is the theme of th...


New Mexico Attracts Jobs and Revenues with Renewable Energy Tax Credit

New Mexico has abundant fossil fuel resources: in 2013, it ranked sixth in the nation for crude oil production, seven...

The Vice President Stole My Show (Not Really)

When I finished my Solar Power International (SPI) panel discussing what future opportunities the panelists saw in so...

The Value Of The Building

If you’re selling efficiency solutions in the built environment, you may find yourself being asked by your pros...

Sewage provides energy through processing

Many nations are investing in new technology to turn sewage waste into usable energy. Japan has recently revised its ...


Nanjing Shanglong Communications Liu Yuanyuan is Director of Operations and Co-Founder of Nanjing Shanglong Communications. Liu Yuanyuan previously held the position of office manager at the London Financial Times' China translation and editoria...


Volume 18, Issue 4


To register for our free
e-Newsletters, subscribe today:


Tweet the Editors! @jennrunyon



Successfully Integrating Solar: A Proactive Approach

•      What does the increasing solar penetrati...

Solar Frontier Offsite Office at Solar Power International (2 mins....

Solar Frontier will be hosting an offsite meeting room offering our gues...

PV-Diesel Hybrid Systems to Reduce Diesel Demand

Substantial fuel cost saving potential has made PV technology the centre...


Sell Through Hypothesis

You first learned to hypothesize, or make educated guesses, in grade sch...

Vacancy? No Problem!

Have you ever tried to sell an efficiency product or service to a prospe...

Going The Extra Mile

Selling efficiency takes perseverance, creativity, and a willingness to ...


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now