The Bloomberg New Energy Finance news, information, and analysis services (the "Services") are owned and distributed locally by Bloomberg Finance L.P. ("BFLP") and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the "BLP Countries"). BFLP is a wholly-owned subsidiary of Bloomberg L.P. ("BLP"). BLP provides BFLP with all global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries.
Solar Shipment Index shows June upswing in global PV market
Chinese and Taiwanese photovoltaic manufacturers are enjoying a warm summer of demand, according to new index from Bloomberg New Energy Finance
London and New York: The world solar photovoltaic industry, dogged by overcapacity and consolidation in recent years, saw a pick-up in shipments as well as firmer prices in June. So reveals Bloomberg New Energy Finance’s new Solar Shipments Index, based on a survey of leading manufacturers in the PV supply chain.
The booming Japanese market, expected to total between 6.9 and 9.4GW of new-build PV in 2013, was one major driver for the June upswing; another was a rush to ship products to the European Union before a higher rate of preliminary anti-dumping tariffs on Chinese products was expected to come into effect on 6 August.
The Solar Shipments Index showed that leading Chinese cell makers made shipments corresponding to 116% of their average manufacturing capacity utilisation in the month of June 2013, with Chinese module makers averaging 99% and Taiwanese cell makers 84%.
These high utilisation rates must be treated with some caution, however. The sample in the Index (19.2GW of cell capacity and 16.1GW of module capacity) is weighted towards tier 1 and tier 2 companies, largely because these are the companies sufficiently well-organised to provide data on a timely basis. Utilisation rates have certainly increased significantly from May 2013 across the board.
Pricing along the value chain has risen slightly in recent months, with the BNEF Solar Spot Price Index showing average polysilicon prices just over $17/kg, up from a low of $16/kg in December 2012. Module prices have also risen slightly, with Chinese modules from reputable suppliers widely commanding $0.75/W and international modules $0.86/W. Market participants surveyed expect prices to stabilise from now on. Some suppliers, such as Chinese company Hareon Solar, were planning capacity outside China to mitigate the effects of forthcoming anti-dumping tariffs on polysilicon imports into China from the US, and on Chinese products into Europe. Now China and the EU have agreed a settlement, these companies may cancel these plans.
Jenny Chase, head of solar analysis at Bloomberg New Energy Finance, commented: “These data show that there is strong global demand for the PV products of the largest manufacturers, despite uncertainty and the flow of bad news from the global solar market. Consolidation continues, but 2013 will still be a year of growth for the industry as a whole.”
Full reports on two Indexes are available to subscribers of BNEF’s Solar Insight Service, along with detailed demand, supply, price and investment analysis. The BNEF Solar Insight team expects the global PV market to total 37.0GW (the median scenario of 35 individual country forecasts) in 2013, compared to 30.5GW in 2012.
Bloomberg New Energy Finance (BNEF) is the definitive source of insight, data and news on the transformation of the energy sector. BNEF has staff of more than 200, based in London, New York, Beijing, Cape Town, Hong Kong, Munich, New Delhi, San Francisco, São Paulo, Singapore, Sydney, Tokyo, Washington D.C., and Zurich.
BNEF Insight Services provide financial, economic and policy analysis in the following industries and markets: wind, solar, bioenergy, geothermal, hydro & marine, gas, nuclear, carbon capture and storage, energy efficiency, digital energy, energy storage, advanced transportation, carbon markets, REC markets, power markets and water. BNEF’s Industry Intelligence Service provides access to the world’s most comprehensive database of assets, investments, companies and equipment in the same sectors. The BNEF News Service is the leading global news service focusing on finance, policy and economics for the same sectors. The group also undertakes custom research on behalf of clients and runs senior-level networking events, including the annual BNEF Summit, the premier event on the future of the energy industry.
New Energy Finance Limited was acquired by Bloomberg L.P. in December 2009, and its services and products are now owned and distributed by Bloomberg Finance L.P., except that Bloomberg L.P. and its subsidiaries distribute these products in Argentina, Bermuda, China, India, Japan, and Korea. For more information on Bloomberg New Energy Finance: http://about.bnef.com.
Bloomberg is the world’s most trusted source of information for businesses and professionals. Bloomberg combines innovative technology with unmatched analytic, data, news, display and distribution capabilities, to deliver critical information via the BLOOMBERG PROFESSIONAL® service and Multimedia platforms. Bloomberg's media services cover the world with more than 2,300 news and Multimedia professionals at 146 bureaus in 72 countries. The BLOOMBERG TELEVISION® 24-hour network reaches more than 240 million homes. BLOOMBERG RADIO® services broadcast via Sirius XM Radio and 1worldspace™ satellite radio globally and on WBBR 1130AM in New York. BLOOMBERG MARKETS® magazine, Bloomberg Businessweek magazine and the BLOOMBERG.COM®