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The Ministry of Industry and Information Technology officially issued new regulations for the photovoltaic manufacturing industry.

On November 20, the Ministry of Industry and Information Technology officially released the revised "Photovoltaic Manufacturing Industry Standard Conditions (2024 Edition)" (hereinafter referred to as the "Specification Conditions") and the "Photovoltaic Manufacturing Industry Standard Announcement Management Measures (2024 Edition)" (hereinafter referred to as the "Management Measures"). In early July, the Ministry of Industry and Information Technology (MIIT) issued a draft for comments.

The "Specification Conditions" was first issued in 2013 and revised in 2015, 2018 and 2021, putting forward different requirements in terms of technical indicators, capacity utilization, production energy consumption, etc.

Jiemian News noted that compared with the conditions of this specification in 2021, the main revisions include: 1. Continue to guide photovoltaic enterprises to reduce photovoltaic manufacturing projects that simply expand production capacity and avoid low-level repeated expansion. For new and expanded PV manufacturing projects, the minimum capital ratio will be increased from 20% to 30%.

Second, the "Specification Conditions" has increased the requirements for some technical indicators. Third, the revised "Normative Conditions" mentions strengthening quality management and intellectual property protection. Fourth, guide the improvement of green development. In addition, the "Normative Conditions" encourage enterprises to participate in the formulation and revision of standards, and the "Administrative Measures" put forward many requirements for strengthening the management of standardized lists.

The "Specification Conditions" improves the technical indicators of photovoltaic products, which is embodied in the addition of relevant requirements for N-type cells, modules and other products. The latest document requires that the average efficiency indicators of existing monocrystalline silicon photovoltaic cells and module projects be increased from no less than 22.5% and 19.6% respectively to P-type cells and module efficiency of no less than 23.2% and 21.2%, and N-type cells and modules with efficiency of no less than 25% and 22.3% respectively.

The average efficiency indicators of new monocrystalline silicon photovoltaic cells and module projects have been increased from 23% and 20% respectively to P-type cells and module efficiency of not less than 23.7% and 21.8%, and N-type cells and modules with efficiency of no less than 26% and 23.1% respectively. The average efficiency values of P-type and N-type cells and modules of existing projects are the industry average, while the average efficiency values of P-type and N-type cells and modules of new projects comprehensively consider the advanced level of the industry and the index level that the industry can achieve after the policy is released and implemented.

The Code Conditions also cover perovskites, the next generation of technologies other than crystalline silicon. The new requirement for the conversion efficiency of perovskite modules is not less than 14% for existing and not less than 15.5% for new construction.

In the past two years, there have been continuous patent disputes among enterprises in the photovoltaic industry, and the "Normative Conditions" have also strengthened the importance of intellectual property protection, proposing that enterprises should have core patents applied to their main business and realize industrialization, and that the products developed and produced should comply with the laws and regulations on intellectual property protection, and there has been no infringement ruled by patent enforcement agencies in the past three years, and enterprises are encouraged to improve the construction of relevant systems in accordance with the "Requirements for Enterprise Intellectual Property Compliance Management System".

At the same time, it emphasizes the requirements for high reliability and long life of products, increases the warranty period of process and materials from 10 years to 12 years, improves the technical indicators of product attenuation, and increases the combustion performance of non-metallic materials of photovoltaic modules and the reliability test requirements of photovoltaic products.

In the latest "Specification Conditions", the energy consumption standards of photovoltaic manufacturing have been further improved. According to the document, the power consumption and water consumption indicators of existing and new polysilicon, silicon ingots, silicon rods, silicon wafers, cells, and module projects will be improved, the green requirements of the production process of enterprises will be strengthened, and enterprises will be encouraged to participate in the formulation and revision of green and low-carbon related standards in the photovoltaic industry, and enterprises will be guided to carry out the research and development and industrial application of photovoltaic product recycling technology.

In addition, the "Regulatory Conditions" add requirements such as carbon footprint accounting for photovoltaic products, and encourage enterprises to carry out environmental, social and governance (ESG) information disclosure through environmental management system, energy management system and other certifications.

In the past two years, the environment of the photovoltaic industry has undergone major changes, the supply capacity is greater than the demand, and the related enterprises have serious involution. Under the current situation that market behavior cannot completely solve the dilemma, many business people and experts have recently mentioned many times to strengthen macroeconomic regulation and control to help clear backward production capacity, and call for the healthy development of the industry.

A few days ago, at the 7th China International Photovoltaic and Energy Storage Industry Conference held in Chengdu, Liu Hanyuan, chairman of the board of directors of Tongwei Group, said in an interview with Jiemian News and other media that non-market-oriented production restrictions are one of the tools and means of modern market regulation to a certain extent, and the West also has OPEC agreements, which are related mechanisms for industry self-discipline and joint production and price stability, and we can also use it to a certain extent, as long as it is not extreme, conditionally, and try to release its own market power.

Wang Jin, vice chairman of the New Energy International Investment Alliance, mentioned that the industry can rely on the market itself to solve the problem, but it is too long, and the government needs to intervene at this time. He suggested that the Government's ability to make a difference could be reflected in two ways. First, the means of controlling production capacity can replace capacity and increase the cost of entering the industry; Second, it is necessary to open up the market, learn from the experience of Europe and other countries, increase the penetration rate of wind and solar, and develop the power system to a reasonable level. At the same time, we will further open up overseas markets.

Gao Jifan, Chairman of Trina Solar (688599.SH), said during the above meeting that for the development of the photovoltaic industry under the new situation, it is recommended to combine industry self-discipline and government supervision to jointly maintain the market order of fair competition and create a market environment for high-quality development. Adhere to scientific and technological innovation, increase the protection of intellectual property rights, and lay a solid foundation for promoting high-quality development; Vigorously develop new energy storage and microgrids, help the construction of new power systems, and open up a broad application space for high-quality development.