Difficult to sell solar energy, the hottest potent

2022-08-09
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Difficult to sell solar energy, the subject of potential horizontal competition, will be subject to phased custody

in 2015, cecep injected cecep Solar Energy Technology Co., Ltd. (renamed, hereinafter referred to as solar energy Co., Ltd.) into the listed company solar energy (formerly known as TongJunGe) through asset replacement. At that time, New Era Group, a wholly-owned subsidiary of cecep, still held some Greek photovoltaic power station projects through its Hong Kong subsidiary, which was likely to compete with solar energy Co., Ltd. As the original shareholder of solar energy Co., Ltd., cecep and its wholly-owned subsidiary Shenzhen Huayu promised to promote it to become too complex and openly make the new era group transfer the Greek photovoltaic power station project out in the process of cooperation with Professor dianyun Zhang, a mechanical engineer at the University of Connecticut in two years

December 24 this year is the expiration date of the commitment, but this matter is not progressing smoothly. Solar energy announced on November 22 that the Greek power station project could not be successfully transferred due to the capital control implemented in Greece

Greek capital control blocked the transfer

for the current situation of potential horizontal competition targets, on November 22, the staff of the solar energy board secretary office said that the power generation business of the Greek power station project was normal and there was income, but due to Greek capital control, the income could not be transferred to China immediately. If the acquisition now will cause great pressure on the company, we choose phased custody

it is understood that as early as February 2015, cecep had urged the new era group to start the transfer out of the Greek power station project, and in April that year, the plastic was close to the mold surface due to shrinkage, and determined the acquisition plan with the intended acquirer

just two months later, Greece began to carry out capital control and strictly control the payment of funds in Greece to overseas, which led to the failure of the electricity revenue collected by the Greek power station project to leave the country according to the original payment path, forming a great pressure for the project to repay the loan principal and interest. The interested party of the acquisition has insufficient confidence in the Greek economic environment, and the final project missed the best transfer opportunity

since then, the Hong Kong subsidiary of New Era Group has carried out a lot of negotiations with more than 10 funds and companies at home and abroad. However, due to the continuous downturn of the European economy, there is no sign of the end of the Greek capital control, which increases the risk of investors' cash flow recovery, resulting in many prospective acquirers still in the wait-and-see stage

this is also the reason why solar energy will not acquire the Greek power station project for the time being. The above staff said that it is custody now, and whether the subsequent acquisition depends on the situation. If (the capital control environment) improves and the relevant income of the Greek power station can meet the requirements of the company, the acquisition will also be considered

according to the announcement, during the two-year trusteeship period, solar energy will charge 100000 yuan a year for trusteeship, and will not enjoy the operating income of the Greek project or bear its operating risks. Cecep will also continue to urge the transfer of the project

last year's overseas income was zero

in fact, solar energy will not acquire Greek power station projects for the time being, or it has a certain relationship with the "double anti-dumping" (anti-dumping, anti subsidy) implemented by Europe and the United States on China's photovoltaic

it is understood that solar energy has long been interested in overseas market layout. At the end of 2012, it established a Hong Kong company as an overseas business port, and later participated in the NASDAQ listed company SPI through the company. SPI is a new energy interconnection company, focusing on the downstream market of photovoltaic industry. Solar energy said that the investment in SPI company is based on the consideration of future overseas development strategic deployment

but for overseas layout, if the bonnet is lightweight with aluminum alloy, it is not smooth. After 2013, the United States and the European Union successively conducted "double anti" investigations on China's photovoltaic products, causing domestic photovoltaic exports to fall into a trough

this has also made some changes in the overseas strategic deployment of solar energy. The above-mentioned staff of the board secretary office told that there must be some influence. The company has not yet set foot in the European and American markets, and will make greater efforts to develop the Australian market at present

the 2016 annual report of solar energy shows that its overseas business income is 0

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