In 2010, Suntech Power (a listed company) provided a guarantee for the Global Solar Fund's investment in a photovoltaic power plant project in southern Italy, for which it obtained a loan of 554 million euros from the China Development Bank, and at the same time, Global Solar Capital (that is, GSF, essentially a private equity fund) also provided a counter-guarantee with 560 million euros of German state bonds, but Suntech Power now claims that after investigation, this counter-guarantee bond may not exist, so Suntech Power and Global Solar Capital accuse each other of deception, which is a nightmare for SuntechThe German government bonds "probably" do not exist, then Suntech, as the guarantor of the above-mentioned loans, would have to assume the lender's obligations and need to repay 560 million euros.

But GSF's shareholding structure is as follows: Suntech holds 80 percent of the shares, Shi Zhenrong personally owns 10 percent of the shares, and Javier Romero-controlled Global Solar Capital owns 10 percent of the shares, while the latter manages it. In this case, if you are deceived and say that you are innocent, I am afraid that even a liberal arts student who is bad at math will not believe it. Moreover, Shi Zhenrong used listed companies to make related party transactions with private companies under his control (such as Asian silicon), and used price differences to indirectly transfer the assets of listed companies, all of which proved that this person was not a good person even if he was not a liar.

However, Suntech is only a microcosm of the photovoltaic industry, when the market is good, there are no problems, and when the market is bad, all problems are revealed. According to a Wall Street report, the debt of major companies in the domestic PV market exceeds $17 billion, and they are effectively bankrupt as a whole. Moreover, the production of every silicon wafer in this industry is high energy consumption and high pollution, and it is just a joke to say that it is energy-saving and environmentally friendly. Even shale gas in the United States was more environmentally friendly than solar energy is now.

Europe, especially Germany's photovoltaic market occupies 40% of the world's share, although the United States' photovoltaic subsidy policy has not been canceled, but in the short term, it is actually difficult to consume China's production capacity, besides, why should people use their own funds to subsidize foreign enterprises, now in this situation, even if the imposition of countervailing, anti-dumping duties, these troubled photovoltaic companies still have no choice, can only tears, losses to supply to the United States market.

In the final analysis, the market position determines the living environment of the enterprise, if solar photovoltaic products are social necessities, then the United States does not dare to be so arrogant, in fact, there is no solar energy and thermal power, hydro and nuclear power generation, in the short term, shale gas can perfectly replace solar energy, and the pollution caused is very small. Therefore, solar energy is a supplement, not the mainstream, and only after this market becomes the mainstream, domestic photovoltaic companies have real pricing power. Of course, the premise of this is that the market competition should be small, that is, there must be enterprises to form a certain degree of monopoly. It's a pity that such a strategy has a lot of difficulties in Huaxia. Even after a few years, there are still many PV companies in this market, and no one has integrated this market through mergers and acquisitions, of course, this has many benefits for solar power generation companies.

Soon it was time for the institute to host the economic symposium, and Zhou Shi came to the venue, a small conference room, a group of people he didn't know.

"Why is he here?"

"This is Zhou Shi?"

"It seems to be the richest man in Zhou......"

Several people present whispered, unsure of the situation. Zhou Shi is a legend in the Internet industry, but they are in the photovoltaic industry? This span is too big! Everyone doesn't know Zhou Shi's purpose, and no one comes forward to say hello for a while. Zhou Shi himself is a little confused, and he doesn't know much about this industry, even the leading companies in this industry don't know their leaders, so they naturally won't take the initiative to make friends. There is no need, everyone is basically a person in two social circles, and it may be difficult to intersect in the future.

"Haha, the richest man is here!" A hearty voice came, and a big guy came

"Hello chief!" Zhou Shi hurriedly responded with everyone.

After a few pleasantries, everyone sat down and began to chat. Things are no different from what Zhou Shi knows, and he asks for support by telling the truth about difficulties. The whole world is a urine, if there is a problem, look for the government, and if there is a benefit, avoid the government, and find a way to black the government's funds.

"We all know about everyone, this is not a problem encountered by any company, and now that the global economy is in a recession, we are all in great difficulty...... Is there any way for everyone to bring it up...... "Big guy."

"The anti-dumping in Europe and the United States is too ruthless, and we will only be squeezed out of the market if we continue like this"

"Without the government's financial support, we probably won't be able to survive!"

"We have a serious debt problem, and we hope the banks don't push too hard"

"I hope the government can help us develop the market!"

"It would be nice if the government had more financial subsidies!"

……

"Everyone's opinions and ideas are very good, but the government has its difficulties......

The cause of the crisis in the PV industry is their own disorderly competition, as well as the strong push of the local government behind it, and both sides are responsible. It is also difficult to say who is right and who is wrong, in the final analysis, it is the lack of market experience, and the evil consequences of the government's intervention in market competition.

It is said that it is better to find Analysys International Think Tank than to find Zhou Shi for this kind of thing, how can he have any solution, it is not the same as the clouds, the only advantage is that it is not limited to the photovoltaic industry, it can be considered more widely.

"Why don't we say a word, tell us what you think!"

"I just listened to what everyone said, I am very inspired, and I don't have any unique opinions, this matter will ultimately be resolved by the government!" Zhou Shi

"Relying on the government also has restrictions, and you can't let the government solve all the problems of the enterprise, that is impossible and unrealistic. I heard that Mr. Zhou went to Rongcheng to cultivate these days, how is it, have you gained anything?" "Big man, why didn't Zhou Shi expect to ask himself a question in this regard, pretending to be forced to pretend to have a negative effect?"

"There is still a harvest: the saint does nothing to teach, does not teach, does all things without resignation, is born without having, does not worry about it, and lives in success and happiness. I'm wondering if I'm doing too much, and if I'm here: it's better to hold on to it. If you don't want to keep it, you can't keep it for a long time. The house is full of gold and jade, and Mo can keep it. Rich and arrogant, self-blame. The way to retreat from the sky. "Zhou Shi

"You don't study well at a young age, and you want to retire when you encounter some difficulties, if you are like you, who will realize the revival of China?"

"Ah~~I~~" Zhou Shi didn't know what to say, what kind of difficulties did he encounter?

"Although you are not a party member, but your achievements have shown that you are extraordinary, you are not ...... at this time" big guy

"I ...... I think the photovoltaic industry can still be saved......" Zhou Shi

(End of chapter)