Polaris Solar Photovoltaic Network News: Although distributed photovoltaic frequency support policies are frequent, the progress of projects in various places is not smooth. According to the previous research of Shen Yin Wanguo, in the first quarter of this year, the distributed installed capacity in Beijing, Kyrgyzstan, Guangxi, Chongqing, Guizhou, Henan and Yunnan was zero; However, in Zhejiang, Shandong and other areas planning 1 tile, the completion rate is less than 10%, and only Guangdong exceeds 10%. The main reason for this situation is that distributed photovoltaic projects cannot obtain bank loans.

It is reported that the main reason for the difficulty in applying for loans for distributed photovoltaics is the immature business model and unstable operating income.

However, the "exposure draft" of the Notice on Further Implementing Policies Related to Distributed Photovoltaic Power Generation recently issued by the National Energy Administration (hereinafter referred to as "exposure draft") may change this situation. The opinion draft mentioned: "Encourage local governments to set up public guarantee funds to provide loan guarantees for photovoltaic projects in the region."

In response to this opinion, some insiders expressed their support and thought that the government-led "unified loan packaging" was feasible. However, some insiders believe that local governments are not motivated enough to do so. It is better to invest in photovoltaic enterprises or find joint ventures (such as third-tier enterprises in local power grids) to invest in distribution projects. GCL Group and Minsheng Bank are trying the third way, that is, banks and photovoltaic enterprises * * * take the lead in making industry-oriented funds, and * * * at the same time check distributed photovoltaic projects to ensure that loans will not be wasted.

In addition, the "Exposure Draft" also proposed that "funds, insurance and trusts should be encouraged to set up photovoltaic industry investment funds."

According to insiders, although no insurance company has directly entered the operation of industrial investment funds, the insurance industry has begun to engage in such insurance, including property insurance and power generation insurance. This kind of insurance can be used as a credit reference when making a loan, but we can't expect this kind of insurance policy to get a bank loan immediately.

Photovoltaic listed companies generally choose to raise funds by issuing additional shares and granting credit loans to policy banks. Successful cases include Hairun Photovoltaic, Zhongli Technology and recently approved Aikangke Technology.

Aikang Technology plans to issue no more than 654.38+0.25 billion shares at a price of no more than 7.78 yuan/share, raising nearly 654.38+0 billion yuan, and hopes to invest in a total of 80 MW rooftop photovoltaic distributed power generation projects. Although Hairun Photovoltaic was affected by the "Oolong" incident of the SSE, its market value lost a lot that day, but it still got about 3.8 billion additional approval.

After obtaining the relevant issuance approval, enterprises usually need to complete the issuance within six months. Therefore, it is possible for Aikangkeji and Hairun Photovoltaic to issue additional shares this year and get a large amount of cash in hand at one time.

In addition to the above two companies, Zhongli Technology recently obtained a credit of 5 billion yuan from CDB, and Jingke Energy also obtained a loan of 240 million yuan from CDB. Different from Zhongli Technology, Jingke Energy applied for loans on a project basis, while Zhongli Technology directly signed a credit agreement with CDB, and then obtained funds from the credit for the development of multiple projects.

According to the reporter's understanding, there are also many photovoltaic companies talking about cooperation with policy banks, including joint photovoltaic and downwind photovoltaic. Different from the cautious observation of commercial banks on power plants, CDB's support for photovoltaic power plants and the actual funds in place are much better.

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