Photovoltaic becomes the only new energy source that lowers credit access standards

Abstract From the “appropriate entry class” to the “active entry class”, the overall credit principle remains unchanged. The 2014 guidance document was revised in 2013, in which “determined emerging energy...
From the “moderate entry category” to the “active entry category”, the overall credit principle remains unchanged. The 2014 guidance document was revised in 2013, in which “determined emerging energy power generation industry is a modest entry into the industry” In the revised document in 2014, it was “determined that the emerging energy power generation industry is actively entering the industry for us”. The shift from the word "moderate" to the word "positive" means a change in the attitude of the head office. However, the overall credit principle is still "appropriate entry, preferential support", indicating that ICBC is still very cautious. The shift from a moderate to a positive keyword means that there has been a major change in the attitude of ICBC. According to our understanding, ICBC is currently trying to enter PV in the form of funds, and the probability is to cooperate with large state-owned enterprises.

Photovoltaic is the only new energy source that lowers the credit access standard. The project scope has been extended to Inner Mongolia and other places. There is no change in the standards of wind power, nuclear power and biomass. The most important point of PV change is the decrease of daylight exposure time, from 3000 to 2500. The regions with more than 3,000 hours in China are mainly Tibet and Xinjiang, while the regions over 2,500 hours are mainly concentrated in Qinghai, Gansu, Tibet, Inner Mongolia and a few eastern three provinces. Other conditions are mainly greater than 10MW, 70% of the debt ratio is the upper limit, so in the future, ICBC will focus on supporting the ground power station in the central and western regions.

ICBC's attitude has always been cautious, changing the key words or representing the banking industry collectively turned to the beginning of 2014, the central bank's attitude towards new energy has changed and become a supportive attitude. Unfortunately, state-owned banks such as ICBC and Bank of China are still very cautious about new energy attitudes. Among them, there are a large number of bank loans in the middle of the Suntech case that cannot be repaid, which has caused the risk control department of the head office to become very cautious. At present, ICBC has experienced a major reversal of attitudes. It may change China, agriculture, trade, and construction. The possibility of large-scale intervention of bank capital in the future is relatively large.

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