New Energy Investment: Solar Cell Concentrated Wind Power Chilling (1)

Although the development trend of wind energy and solar energy can still be said to go hand in hand, regardless of whether or not, but the capital market favors both of them is already "ice and fire two heavens."

On August 27, at the 2010 International Forum on Clean Development, Liu Xiaoyu, chief representative of the China Cleantech Industry Investment Group in China, disclosed that according to statistics of the group, the global venture capital investment in the second quarter of this year involved a total of 140 projects. Among them, solar companies attract the largest amount of investment, and energy efficiency companies attract the most investment projects. "In the direction of solar energy, a total of 870 million U.S. dollars was invested, accounting for 41% of the total venture investment in clean technology," said Liu Xiaoyu.

It is reported that among the investments attracted by global cleantech in the second quarter, solar companies accounted for 41% of total investment, biofuel companies accounted for 15%, smart grid applications accounted for 13%, and wind power accounted for only a small percentage.

In fact, according to the “ideas” of the 8 VC&PE investments interviewed by our reporter, although the momentum of rising wind power installed capacity is still strong, the investment boom for wind power companies has apparently faded. For solar energy, investment hotspots are still concentrated in the field of solar cells.

The charm of wind power lost the year:

Parts and small fans can be cast

"In the wind power market, we cannot see the growth space of Startup." A VC investment manager told this reporter.

According to the wind power installation plan previously disclosed by the National Energy Administration, by 2015 and 2020, the total installed capacity of wind power in China will reach 90 million kilowatts and 150 million kilowatts respectively.

However, in such a huge capacity planning, the market “players” are basically large-scale state-owned enterprises and joint ventures, and they are all good “masters”, that is, they can not be profitable, but they do not need wind. Investment financing. Therefore, the prospect of wind power has not increased any weight for the wind power market to gain capital favor.

“Winners don’t grab the limelight,” explained Wang Junfeng, managing director of Legend Capital.

Since 2004, Legend Capital has started to focus on non-IT areas, and the new energy industry is one of them. According to Wang Junfeng's observation of the wind power industry, he believes that "parts will also have excess capacity."

For example, even the most technologically-unconstructed tower enterprises have already established two companies. In fact, in addition to the outside of the tower to brush anti-corrosion paint, basically no special technical requirements, it is easy to volume production, but also belong to the field of meager profits.

Although the “scenery” may no longer exist, the wind power industry chain still has a chance to be found. "We have invested in a wind turbine blade company." In this regard, Wang Junfeng's considerations are: First, the blades should be done well, the process is not difficult, there are certain technical barriers; second, the cost of the entire fan is relatively large, It is relatively easy to scale; third, China has a certain cost advantage, and it does not rule out going overseas and facing the global market.

“We are also very optimistic about the key components of the turbine,” said Chen Jiaqiang, CEO and managing director of Yuanji Environmental Protection Capital.