Trina, Ming Yang Kick Off New Wave of Energy Deals 天合光能、明阳风电掀起新一轮能源“订单潮
It’s been less than a week since Beijing announced new incentives to help boost its struggling alternate energy sector (previous post), and already we’re seeing the first trickle of new deals as state-run entities start to heed the call to help these companies by building new projects. In the first round of what will undoubtedly be many similar announcements in the months ahead, solar cell maker Trina Solar (NYSE: TSL) has signed a contract with a unit of China Power Investment Corp to provide panels for a plant in Qinghai with up to 30 megawatts of capacity. (company announcement) In a similar deal announced at nearly the same time, wind energy specialist Ming Yang (NYSE: MY) has announced its own tie-up with another state-owned entity, the operator of the massive Three Gorges Dam Project, to co-develop wind energy projects in Guangdong province and potentially overseas down the road. (company announcement) Neither of these deals should come as a huge surprise to anyone, as Beijing has indicated for the last few months that it will step up to help these promising but struggling young companies through the worst-ever downturn for their young industry. What is a bit surprising is how fast Beijing has taken action, with these two deals coming just a week after it announced its first concrete incentives to help the sector, which just proves that the central government can move surprisingly fast when it makes up its mind to do something. This coming wave of orders from domestic Chinese power producers, combined with recent positive signs from the global market (previous post) mean the sector will be poised for a sharp comeback in the months ahead, making these beaten down stocks an attractive prospect in the second half of the year.
Bottom line: The solar sector is poised for a strong comeback, riding a rebound in global demand and a coming wave of new domestic orders like ones just announced by Trina Solar and Ming Yang.
中国政府宣布新能源刺激政策还不到一个星期，我们已开始看到新的协议签署，因国有企业响应号召，通过新项目来帮助这些企业。光伏产品制造商天合光能<TSL.N>与中国电力投资集团旗下公司签署协议，向青海一工厂提供太阳能面板。未来数月，预计还将有更多类似协议宣布。几乎与此同时，风电厂商明阳风电<MY.N>宣布，与另一家国有企业–中国三峡集团旗下公司中国三峡新能源公司签署协议，在广东省共同开发风电项目，未来还可能在海外进行合作。这些协议毫不令人感到意外，因为中国政府最近几个月已表示，将帮助这些遇到困难的新能源企业渡过难关。但让人意外的是中国政府行动会如此之快–刚刚宣布新的行业扶持政策就有两宗协议签署，由此证明，只要中央政府下定决心，就可快速行动。中国国内风电企业的此番“订单潮”以及全球市场最近出现的积极迹象都意味着，太阳能产业未来数月料迅速扭转颓势，今年下半年这些公司的股票料前景向好。
一句话：全球需求反弹以及中国将出现一批类似天合光能、明阳风电的新协议，太阳能产业料强势复苏。
Related postings 相关文章:
◙ Solar Comeback Rising, Clouds Still Shadow Trina 光伏产业复苏中 天合光能仍疑云密布
◙ China’s Solar Plan: Get Ready for Big New Spending
◙ Latest Solar Audit Resignation Hints at Major Issues Ahead 中国太阳能行业再现审计人员辞职：昭示问题还在前方
