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Suntech Media Scan for February 11, 2015
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Bloomberg New Energy Finance names Suntech a leading PV module supplier in 2015
Feb 10, 2015 | PV Magazine
Bloomberg New Energy Finance (BNEF) has added Suntech to its Tier 1 solar company list in its February 2015 PV Market Outlook. BNEF has developed a unique ranking system for grading PV module makers, based on bankability and cooperation with market developers, investors and EPCs. -
Suntech returns to tier 1 status - BNEF
Feb 10, 2015 | PV-Tech
Bloomberg New Energy Finance (BNEF) has returned Suntech to its tier 1 solar company list in its February 2015 PV Market Outlook. -
PV big-beast Shunfeng enters wind with deal for 723MW
Feb 11, 2015 | Recharge News
By Andrew Lee
Ambitious Chinese group Shunfeng entered the wind sector by purchasing a 723MW portfolio, as it starts to deliver on a pledge last year to expand from PV into other renewable sources. -
Shunfeng Intl to buy 723.5 MW of wind farms in China
Feb 11, 2015 | See News Renewables
By Militsa Mancheva
China-based firm Shunfeng International Clean Energy Ltd (HKG:1165) said Tuesday it has agreed to purchase eight wind parks with a combined capacity of 723.5 MW in four provinces. -
PV module shipments from top 20 suppliers topped 8.8GW in Q4 2014 – IHS
Feb 10, 2015 | PV Tech
By Mark Osborne
...The most recent consolidation seen amongst the top 20 suppliers has been the long-expected merger of Hanwha SolarOne and Hanwha Q CELLS. The last consolidation before then was the acquisition of Wuxi Suntech by Shunfeng...
BNEF Press Release
Shunfeng News
Industry News
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Bloomberg New Energy Finance names Suntech a leading PV module supplier in 2015
Feb 10, 2015 | PV Magazine
Bloomberg New Energy Finance (BNEF) has added Suntech to its Tier 1 solar company list in its February 2015 PV Market Outlook. BNEF has developed a unique ranking system for grading PV module makers, based on bankability and cooperation with market developers, investors and EPCs. The ranking creates a transparent differentiation between the hundreds of manufacturers of solar modules on the market.
“When we acquired Suntech, we knew that it had the best PV modules in the industry and it was clear to us that the company would be a perfect fit for Shunfeng’s strategy to become the world’s largest integrated clean energy generation company,” said Eric Luo, CEO of Shunfeng International Clean Energy, parent company of Wuxi Suntech . “What we didn't know was how quickly it would regain its bankability status. We are proud that this has happened within such a short period after Suntech’s emergence from insolvency, and are confident that our partnership with the most respected financial institutions in the industry will provide the best solutions to our customers worldwide.”
Tier 1 module manufacturers are those which have provided own-brand, own-manufactured products to five different projects, which have been financed, non-recourse, by five different non-development banks, in the past two years. The outlook is based on solar PV developments that occurred over the course of 2014.
Wuxi Suntech had previously lost its tier 1 rating by Bloomberg New Energy Finance during its insolvency. However, following Suntech’s acquisition by Shunfeng International Clean Energy in 2014 and the increase in its debt finance availability from commercial banks, BNEF now defines Suntech as a major bankable solar PV module supplier in 2015.
Under Shunfeng, Suntech has the strongest financial footing in the solar industry with nearly zero debt. It is part of the world’s largest integrated clean energy generation provider globally – integrated not only in terms of manufacturing but also in terms of owning clean energy producing assets with capabilities in manufacturing, construction, finance, insurance, operation and maintenance, energy storage and applications.
PV: Magazine: http://www.pv-magazine.com/news/details/beitrag/bloomberg-new-energy-finance-names-suntech-a-leading-pv-module-supplier-in-2015_100018101/#ixzz3RS6raQ6s
Renewable Energy Focus: http://www.renewableenergyfocus.com/view/41371/bloomberg-new-energy-finance-recognizes-suntech/
Additional Sources (Chinese)
http://guangfu.bjx.com.cn/news/20150210/589731.shtml
http://www.cnmn.com.cn/ShowNews1.aspx?id=311751
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Suntech returns to tier 1 status - BNEF
Feb 10, 2015 | PV-Tech
Bloomberg New Energy Finance (BNEF) has returned Suntech to its tier 1 solar company list in its February 2015 PV Market Outlook.
Wuxi Suntech was acquired by Shunfeng from bankruptcy and steered the company through 2014 to re-start PV production and re-establish busines operations in ket global markets.
"When we acquired Suntech, we knew that it had the best PV modules in the industry and it was clear to us that the company would be a perfect fit for Shunfeng's strategy to become the world's largest integrated clean energy generation company," said Eric Luo, CEO of Shunfeng International Clean Energy, parent company of Wuxi Suntech . "What we didn't know was how quickly it would regain its bankability status. We are proud that this has happened within such a short period after Suntech's emergence from insolvency, and are confident that our partnership with the most respected financial institutions in the industry will provide the best solutions to our customers worldwide."
Tier 1 module manufacturers are those which have provided own-brand, own-manufactured products to five different projects, which have been financed, non-recourse, by five different non-development banks, in the past two years. The outlook is based on solar PV developments that occurred over the course of 2014.
Wuxi Suntech had previously lost its tier 1 rating by Bloomberg New Energy Finance during its insolvency. However, following Suntech's acquisition by Shunfeng International Clean Energy in 2014 and the increase in its debt finance availability from commercial banks, BNEF now defines Suntech as a major bankable solar PV module supplier in 2015.
http://www.pv-tech.org/industry_roundup/bloomberg_new_energy_finance_names_suntech_a_leading_pv_module_supplie1
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PV big-beast Shunfeng enters wind with deal for 723MW
Feb 11, 2015 | Recharge News
By Andrew Lee
Ambitious Chinese group Shunfeng entered the wind sector by purchasing a 723MW portfolio, as it starts to deliver on a pledge last year to expand from PV into other renewable sources.Shunfeng acquired the capacity at eight wind projects in China's Jilin and Hebei provinces, spending about 442.7m yuan ($71m), it told investors in Hong Kong today.
As well as the plants – which Shunfeng said mostly attract China's top feed-in tariff of 0.61 yuan/kWh – the renewables group told investors it is getting “a team of wind power experts” able to handle project development, construction and operation.
The acquisition takes one of China’s most active solar groups into the wind sector for the first time.
It joins a growing list of companies crossing the boundaries between the "big two" renewable sources, most notably SunEdison of the US with its $2.4bn acquisition of developer First Wind.
The group put down a marker last August when it changed its full name to Shunfeng International Clean Energy from its former moniker, Shunfeng Photovoltaic International, saying it wanted to widen its focus.
Today Shunfeng chairman Zhang Yi said: “Through the acquisitions, we aim to expand our scope of business operations into wind power in order to widen our range of power generation and enrich source of income of the group so as to become a fully integrated clean energy enterprise.”
He added that wind was set to play a prominent role in China’s future power mix.
The Global Wind Energy Council today said China installed 23.3GW of wind capacity last year – 45% of the worldwide total added.
Shunfeng has emerged as a global solar force – both in development and manufacturing – since it announced its ambitions in the sector with the acquisition a year ago of the main Chinese unit of Suntech, the former module number-one.
It has since added two significant German solar groups to its stable and unveiled plans to install a jaw-dropping 10GW of solar by the end of next year.
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Shunfeng Intl to buy 723.5 MW of wind farms in China
Feb 11, 2015 | See News Renewables
By Militsa Mancheva
China-based firm Shunfeng International Clean Energy Ltd (HKG:1165) said Tuesday it has agreed to purchase eight wind parks with a combined capacity of 723.5 MW in four provinces.
Shunfeng International, known as Shunfeng Photovoltaic International until recently, is a fully-integrated solar company, which operates in both the upstream and downstream solar segments. It is the parent of Wuxi Suntech. The company explained that the wind farm buy is in line with its strategy to expand into other cleantech sectors.
The company’s unit Shunfeng Photovoltaic Investment (China) signed eight separate asset sale deal with Shanghai Chengrui Investment Co Ltd and one of its units on February 10. Details are available in the table.
The firm estimates that the cumulative output of the wind parks will exceed 1.6 million MWh annually. Most of the plants receive the highest national on-grid tariff of CNY 0.61 (USD 0.098/EUR 0.086) per every kWh of electricity generated.
http://renewables.seenews.com/news/shunfeng-intl-to-buy-723-5-mw-of-wind-farms-in-china-462860
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PV module shipments from top 20 suppliers topped 8.8GW in Q4 2014 – IHS
Feb 10, 2015 | PV Tech
By Mark Osborne
The top 20 PV module manufacturers shipped 8.8GW in the fourth quarter of 2014, generating an estimated US$5.9 billion in revenue, according to market research firm IHS.
Leading PV manufacturers were said to have strengthened their position in the global market last year, emphasised by a 12% increase in fourth quarter revenue, compared to the prior year period.
IHS said that these suppliers accounted for 68% of global PV module demand in 2014, compared to only 60% in 2011. Based on its latest global installation forecast for 2014, shipments from the top 20 suppliers would exceed 30GW.
However, the final global demand figures for the year could be higher than those of IHS and should therefore be treated as preliminary and may not reflect the actual market share percentages gained or lost by the leading 20 PV suppliers in 2014.
IHS noted that it expected full-year 2014 module revenue by the leading 20 firms to reach US$21.4 billion.
“PV module revenues of the 20 leading suppliers will continue to grow, as they benefit from both robust global PV demand growth and increasing market share,” said Ray Lian, principal analyst for IHS Technology, formerly with NPD Solarbuzz. “We expect them to reach historic revenue heights, as early as the fourth quarter of 2015.”
Module price declines have meant overall revenue growth from the leading suppliers has yet to surpass levels reached in 2011.
IHS said that ASPs in the fourth quarter of 2014 were negatively impacted by the strong appreciation of the US dollar against most other currencies, as well as by the higher share of modules shipped to China and other low-ASP regions as PV projects were being rushed through to meet tariff deadlines.
As a result, the blended ASP of the 20 leading suppliers was said to have declined by 4% compared to the third quarter of 2014.
Blended module cost-of-goods-sold of the top 20 suppliers was said to have fallen below US$0.6/W, the first time this had happened. The blended cost was said to have fallen to US$0.58/W in the fourth quarter.
With a measured capacity expansion phase already underway, IHS said that the top suppliers needed to continue to increase revenue in 2015 to support further capacity expansions.
“To fund their capacity expansion or acquisition, PV module suppliers must continuously increase their revenues,” added Lian. “As these companies gain more market share, we can expect to see further industry consolidation.”
The most recent consolidation seen amongst the top 20 suppliers has been the long-expected merger of Hanwha SolarOne and Hanwha Q CELLS.
The last consolidation before then was the acquisition of Wuxi Suntech by Shunfeng.
According to PV Tech’s own data, the fastest growing PV manufacturers by shipments are expected to expand capacity at higher levels than other top 20 suppliers that have lagged rivals, with several firms yet to return to profitability in three years, such as Yingli Green, despite being the largest producer in 2012 and 2013.
The fastest growing leading suppliers include, JA Solar, JinkoSolar and Canadian Solar. Major Japanese suppliers such as Sharp and Kyocera have treaded water in 2014
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