"Golden Sun" finalized 600 MW

In 2011, the Golden Sun project plan was introduced in the near future with a scale of 600MW.

On August 17, several informed sources confirmed to the reporter that the document was a continuation of the formal acceptance of the project application documents for the Golden Sun demonstration project at the end of June. The construction scale of 600 MW was “due to the rain” in each province.

It is reported that the Golden Sun demonstration project was launched in 2009. The first phase of the demonstration project includes 329 projects. The total installed capacity of the design is 642 MW, which takes 2-3 years to complete; the second phase of the 2010 demonstration project is 272 MW. The construction period is Reduced to 1 year.

“The gold sun demonstration project we applied for has already been approved, totaling 10 MW, both in Taizhou, Jiangsu.” Hu Sheng, manager of Zhongsheng Optoelectronics China, disclosed to the reporter that the company filed its report at the end of June and was approved in July.

According to the declaration requirements, the subsidy standard for the “Golden Sun” is: the subsidy standard for demonstration projects using crystalline silicon modules is 9 yuan/watt, and the use of amorphous silicon thin-film modules is 8 yuan/watt. Taking crystalline silicon components as an example, the subsidy standard for 2009 was RMB 20/watt. In two years, the price fell by more than 50%.

“Compared to the united benchmark price of July 24, Golden Sun is more economical in Central and Eastern China.” According to Meng Xianqi, deputy director of the China Renewable Energy Society, the projects under these two policy models are profitable. There is a lack of comparability, but it can also be roughly calculated.

For instance, Meng Xianjun cited that due to the high price of electricity for industrial and commercial use in the eastern region of the Golden Sun project, the annual electricity generation hour is 1,100 hours. The cost of electricity generation is 0.8-0.9 yuan/kWh, and the IRR (internal financial rate of return) is 8%. -10%; while the benchmark electricity price project has a better profitability in the western region, and can achieve 8% of IRR in the case of 1,500 hours of electricity generation in the region.

The Ministry of Finance and the Ministry of Housing and Urban-Rural Development jointly issued notices on the completion and acceptance of three batches of Golden Sun demonstration projects in 2009-2011 and the timing of capital clearing.

According to the notification requirements, the demonstration projects approved in 2009 and 2010 must be completed and accepted before September 30, 2011 and December 31, 2011 respectively, and a fund liquidation application should be submitted; the demonstration projects approved in 2011 must be before August 30, 2012 Completion of the completion acceptance, and the application for liquidation of funds.

The notice also stated that all projects that have not completed the project acceptance within the specified time limit will be fully recovered. If a demonstration project cannot be continued due to changes in conditions, the model qualification will be cancelled and the subsidy will be recovered.

“Because of poor earnings prospects and grid support issues, there are 39 projects in the first batch of projects that are not constructed and shoddy. The two ministries’ notice is to prevent similar situations from happening again.” Meng Xianyi explained.

The difference is that because of the problems in the 54MW Golden Sun demonstration project of the 39 projects of the first phase, the unified bidding system was adopted in the second phase of the project, but the unified bidding system was cancelled in 2011.

“There is a problem with the unified tendering system. For example, if Suntech or Suntech wins the Golden Sun project, they will go to win the bid for Yingli’s components?” said a senior executive from a photovoltaic company in central China. Behavior, "The Golden Sun project in this place is mostly obtained by local companies."

Meng Xianji told reporters frankly that the Golden Sun project should introduce more detailed regulatory measures to ensure the quality and operational effectiveness of the third batch of Golden Sun Projects, and review and fully evaluate the use of fiscal funds to avoid fraudulent subsidies.