Golden Sun Engineering has achieved mixed results in the development of the photovoltaic industry

The reason is that in the audit results released in this announcement, eight “Golden Sun Project” projects were alleged to have used 207 million yuan in illegal use, accounting for 12.8% of the total illegal funds. As a result, the “Golden Sun Project”, which has been highly praised by the Chinese PV industry, has been criticized frequently.

From the outside world's point of view, the "advance cash subsidy" approach adopted by the "Golden Sun Project" has spawned the phenomenon of "cheat, replenishment, construction, and shoddy" in the photovoltaic industry.

In addition, not long ago, the National Energy Administration proposed an alternative to the “Golden Sun Project” at the distributed photovoltaic power generation work conference, and changed the “early cash subsidy” to “power subsidy”.

"Golden Sun Project" has been mixed

The subsidy method adopted by the “Golden Sun Project” is a form of cash that is subsidized to “project investors” before the project is put into construction, which is 50% of the total investment of the project. This 50% of the funds will generally advance 70% of the project before the project is built, and the remaining 30% will be paid after completion.

"This really provides a lot of speculators with the opportunity to 'cheat up'. The size of the power station they actually built does not match the scale of the application. It is also shoddy in construction, and it is not even considered whether it is feasible to connect to the grid after power generation." I hope that the famous industry insiders will tell the reporters of Securities Daily.

But in fact, Chinese PV companies have repeatedly praised the introduction of the "Golden Sun Project." To this day, there are still people in the industry who told reporters, "At that time, banks were not willing to lend to power station projects, and financial investment was not willing to help the power plants with relatively low yields. It is really because of the 'Golden Sun'. Engineering ', so that investors are interested in power station projects."

“The photovoltaic industry has always advocated allowing users to enjoy financial subsidies, so that the photovoltaic industry can truly achieve the effective connection between industrial investment and market consumption (to let customers feel the benefits of using clean energy). But this obviously requires a long process, just in the industry At the time of the rise, no one was willing to invest in a photovoltaic power plant project that could not be clearly defined as 'grid-connected' and could not bring high yields." The above-mentioned industry insiders told reporters.

The emergence of the "Golden Sun Project" has greatly shortened this process. For a time, industrial investors and even financial investors have become more interested in investment in photovoltaic power plants.

More importantly, when Europe and the United States successively launched the Chinese PV industry with “double-reverse”, many enterprises that export PV modules to Europe and the United States have to intervene in the downstream to absorb inventory and increase shipments. Power station development. A group of component manufacturers were forced to become industrial investors.

How much market can you open up by relying on these “second-hand” industry investors? After all, their financial strength is limited, and the downstream PV power plants even have an annual average return of less than 10%, which is unable to support their own capital turnover.

"It is precisely because of the emergence of the 'Golden Sun Project' that these companies have the opportunity to survive the 'winter'. They only need to raise 50% of their own projects, they can invest in power stations," said the source.

The "power subsidy" came out at the right time

In fact, the “Golden Sun Project” also provides clean energy for some areas with no electricity or electricity.

“Those areas are sparsely populated and the economy is underdeveloped. No one wants to invest there, but the launch of the 'Golden Sun Project’ makes this all possible.” The industry insiders told reporters.

According to the data obtained by the reporter, after three years of implementation of the National Golden Sun Project, in Qinghai, the relevant departments jointly organized 46 projects, 15 national projects, a total installed capacity of 33.4 megawatts, and a central government construction subsidy of 552 million yuan. . This has caused many grassland herders who lack electricity to solve the problems of electricity production, such as lighting, watching TV, and ghee, and have enjoyed the fruits of scientific and technological civilization.

Meng Xianyu, vice chairman of the China Renewable Energy Society, said: "The Golden Sun Engineering Demonstration Project plays a role in the development of the domestic PV market, but its policy itself is flawed. It is a one-time subsidy. After the government allocates funds to enterprises, The follow-up supervision of the project has not been implemented, although the relevant departments have issued a document stating that it is necessary to recover the subsidy funds from projects that have not been completed or connected to the grid, but the operability is very weak."

Recently, in order to implement the requirements of the State Council on promoting the healthy development of the photovoltaic industry, the National Energy Administration convened a distributed photovoltaic power generation work conference to study the work plan and specific measures for the deployment of distributed photovoltaic power generation demonstration zone projects, and proposed the demonstration of distributed photovoltaic power generation. District Work Plan.

It is reported that the plan requires that the distributed photovoltaic power generation large-scale demonstration zones should be implemented in 1-2 state-level economic development zones or industrial parks with good conditions, mainly operating in the “spontaneous use” mode. More critically, the program indirectly defines the upper limit for the “power subsidy” that has been the industry's attention, that is, “the subsidy fund demand is less than 0.45 yuan/kWh”.

For the introduction of this policy, the industry insiders told the "Securities Daily" reporter that "'electricity subsidy' is an ideal subsidy method for the current PV industry. But it may not be suitable for the Chinese PV market a few years ago. Today's electricity The introduction of the subsidy, the retreat of the 'Golden Sun' is actually the inevitable result of the development of the industry to a certain stage, and should not be unloaded and killed by the 'Golden Sun'.