National Development and Reform Commission intensively approves 15 overseas investment projects such as photovoltaics

Yesterday, the National Development and Reform Commission concentratively approved 15 overseas investment projects, hitting a record high since the beginning of this year, involving areas such as energy, finance, telecommunications, and infrastructure, among which energy projects are mostly. According to industry analysis, the National Development and Reform Commission has intensively approved a number of overseas energy investment projects, which means that China's overseas energy expansion is expected to accelerate further, and it also uses foreign markets to solve the problem of excess domestic PV capacity.

According to the official website of the National Development and Reform Commission, of the 15 overseas investment projects approved this time, there are seven energy projects, including three solar photovoltaic projects, one nickel mine project, one oil company acquisition project, and the other two are transmission lines and electricity. project. In addition, there are one each for funds, rubber, infrastructure, cargo ships, tires, and telecommunications projects, and there are two other types of industrial equity acquisition projects.

In recent years, as China's energy demand continues to increase, Chinese companies have also accelerated the pace of overseas energy expansion. The data released by the Ministry of Commerce shows that during the “Eleventh Five-Year Plan” period, the average annual growth in the turnover of China’s foreign direct investment and foreign contracted projects exceeded 30%. In 2011, due to weak recovery in the global economy and economic weakness in Europe and the United States, corporate investment decisions were more cautious. China’s foreign direct investment declined sharply, only an increase of 1.8% year-on-year. Judging from the volume of foreign investment transactions and transaction volume of Chinese companies, resource industries (energy and mining) have always been at the top of all industries.

Lin Boqiang, director of the China Energy Economic Research Center at Xiamen University, said that the National Development and Reform Commission approved a number of overseas energy investment projects this time, which means that the overseas energy expansion of Chinese enterprises will further accelerate. At present, China’s own energy has not been able to meet the needs of development. It is only by seeking energy from abroad that domestic energy shortages can be resolved; China’s energy companies are large companies, and going overseas is also an inevitable choice for company development. There will be more in the future. Enterprises participate in overseas energy expansion.

It is worth mentioning that among the 15 overseas investment projects approved this time, there are three overseas direct investment projects for photovoltaic companies, namely Hanergy Investment Port Apollo Solar Energy Technology Holdings Co., Ltd. and Hairun Photovoltaic Technology Co., Ltd. Construction of 122 megawatts of photovoltaic power plant project, increase of energy concentration (Luxembourg) Co., Ltd., and investment in the construction of photovoltaic power plant projects in Italy and Greece. Prior to this, PV companies also had sporadic overseas investment projects. For example, Suntech built a plant in Phoenix, Arizona, in 2010. The current production capacity is about 50 megawatts.

Yesterday, the National Development and Reform Commission concentratively approved 15 overseas investment projects, hitting a record high since the beginning of this year, involving areas such as energy, finance, telecommunications, and infrastructure, among which energy projects are mostly. According to industry analysis, the National Development and Reform Commission has intensively approved a number of overseas energy investment projects, which means that China's overseas energy expansion is expected to accelerate further, and it also uses foreign markets to solve the problem of excess domestic PV capacity.

According to the official website of the National Development and Reform Commission, of the 15 overseas investment projects approved this time, there are seven energy projects, including three solar photovoltaic projects, one nickel mine project, one oil company acquisition project, and the other two are transmission lines and electricity. project. In addition, there are one each for funds, rubber, infrastructure, cargo ships, tires, and telecommunications projects, and there are two other types of industrial equity acquisition projects.

In recent years, as China's energy demand continues to increase, Chinese companies have also accelerated the pace of overseas energy expansion. The data released by the Ministry of Commerce shows that during the “Eleventh Five-Year Plan” period, the average annual growth in the turnover of China’s foreign direct investment and foreign contracted projects exceeded 30%. In 2011, due to weak recovery in the global economy and economic weakness in Europe and the United States, corporate investment decisions were more cautious. China’s foreign direct investment declined sharply, only an increase of 1.8% year-on-year. Judging from the volume of foreign investment transactions and transaction volume of Chinese companies, resource industries (energy and mining) have always been at the top of all industries.

Lin Boqiang, director of the China Energy Economic Research Center at Xiamen University, said that the National Development and Reform Commission approved a number of overseas energy investment projects this time, which means that the overseas energy expansion of Chinese enterprises will further accelerate. At present, China’s own energy has not been able to meet the needs of development. It is only by seeking energy from abroad that domestic energy shortages can be resolved; China’s energy companies are large companies, and going overseas is also an inevitable choice for company development. There will be more in the future. Enterprises participate in overseas energy expansion.

It is worth mentioning that among the 15 overseas investment projects approved this time, there are three overseas direct investment projects for photovoltaic companies, namely Hanergy Investment Port Apollo Solar Energy Technology Holdings Co., Ltd. and Hairun Photovoltaic Technology Co., Ltd. Construction of 122 megawatts of photovoltaic power plant project, increase of energy concentration (Luxembourg) Co., Ltd., and investment in the construction of photovoltaic power plant projects in Italy and Greece. Prior to this, PV companies also had sporadic overseas investment projects. For example, Suntech built a plant in Phoenix, Arizona, in 2010. The current production capacity is about 50 megawatts.

Bai Ming, deputy director of the International Market Research Department of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, stated that in the face of current difficulties in domestic and foreign photovoltaic companies, the state is willing to support enterprises in transferring surplus production capacity through overseas direct investment. The data shows that more than 90% of China's photovoltaic product sales rely on the international market. Through overseas direct investment, enterprises not only alleviate the current overcapacity and the dual pressure of anti-dumping in Europe and the United States, but also expand overseas markets.

Lin Boqiang also stated that at present, China is the most important producer of photovoltaic products. Overseas investment in building photovoltaic power plants can effectively stimulate sales of domestic photovoltaic products, while also avoiding some of the local trade barriers.

“In the past, our support for PV companies was more through domestic policy support and financial subsidies. However, it is very easy for people to seize the handle, saying that you violated the trade rules and passed overseas direct investment by PV companies as a new support method and idea. “Bai Ming said that from the perspective of enterprises, by investing in overseas photovoltaic companies and setting up photovoltaic power stations overseas, it is the transition from the export of components to providing direct solutions for overseas customers and the post-construction services, which will help companies understand overseas. User needs, seamless integration with foreign marketing systems and industrial chains.