Buy cheap domestic photovoltaic companies are wary of foreign investors the opportunity to layout when

Recently, the German solar leading enterprises "SMA Solar Technology Group," announced that it has completed the Jiangsu Zhao volt cable Love New Energy Co., Ltd. 72.5% stake acquisition. PV industry in China due to the impact "dual" and other factors devastated the occasion, the acquisition will allow the outside world is full of doubts and suspicion. Insiders said that the proper introduction of competition in favor of industrial development, but if a similar takeover further expansion could lead to outstanding foreign PV companies being acquired control of the domestic market. Business and government at the same time to solve problems, to guard against foreign giants of China PV industry chain, acquisitions and strategic layout.

Notably, SMA is the absolute leader in the global market and technology inverter charger  SMA heyday once occupied more than 70% of the global market, although its market share has decreased, but remained at around 40%.

Therefore, the industry fears that this acquisition may cause long-term damage to the young Chinese inverter industry. SMA eliminates the threat of competition through mergers and acquisitions, as well as prepared to enter the Chinese market through the acquisition of local companies to address potential barriers to market entry.

SMA's CEO Pierre-Pascal Urbon had said earlier in a press release in the next few years, China will become the world's largest PV market. Due to the particularity of the Chinese market can not fully enter the market. The acquisition is highly strategic significance in the history of the development of SMA.

Analysis, SMA of this acquisition can play the effect of eliminating the threat of competition in the local market, more importantly, SMA through this acquisition can be loved by megavolt cable wind inverter product sales to the domestic photovoltaic projects, thus indirect subsidies to get the Chinese government really enter the Chinese market.

Since last year, U.S. and European solar companies to promote a "double reverse" survey, the Chinese PV companies of collective depression, and megavolt love for SMA cable from this merger, the election in the most difficult Chinese PV companies the opportunity "cheap buy the dips", also makes them question the outside world. It is understood that the enterprise value MeV love Faso identified as 319 million yuan, net liabilities of about $ 100 million, 72.5% of the equity value of the acquired SMA 1.6 billion.

Analysis pointed out that such a low price to get megavolt love this cable accounted for 10% -15% share of the domestic companies can be said to cabbage price. China's PV market in strong support of the government, there will be rapid development is already beyond doubt, the European "double reverse" caused by the domestic industry's plight, apparently for the acquisition of German companies in China to provide greater bargaining space. Since then, more companies are likely inverters follow suit. In fact, with the rapid start of the domestic market, the huge Chinese market is undoubtedly the global PV companies will also be the battleground, the acquisition of Chinese PV companies sounded the alarm.

Goldman Sachs report even pointed out that in 2013 China will overtake Germany to become the world's largest PV market. Expected in 2013, 2014, 2015, China's installed solar capacity will reach 8.0GW, 9.0GW, 10.0GW, even in a conservative way to estimate, according to 8 yuan / watt basis, in 2013, 2014, 2015, China the total PV market was 64 billion yuan, 72 billion yuan, 80 billion yuan, the total market will reach more than 2000 billion years.