Photovoltaic enterprises report more than $3 million in damage to solar energy export trade risks

According to the China Export Credit Insurance Corporation’s Quanzhou office, the risk of photovoltaic modules recently exported to Europe and the United States and Other countries has been further intensified. All three photovoltaic companies in Quanzhou have experienced arrears in payments from buyers. The reported losses amounted to more than US$3 million.

Caused by foreign buyers defaulting on accounts, Huang Tianyou, director of the Quanzhou Office of China Export Credit Insurance Corporation, believes that the three countries are mainly reducing the subsidies for solar project construction, the sharp drop in the prices of photovoltaic modules in Europe and the United States, and the increased competition in the photovoltaic industry. According to reports, since the European debt crisis occurred, European multinational governments have reduced their subsidies for solar energy by about 10%.

According to reports, in addition to the significant increase in the reported losses of the photovoltaic industry, cases involving the loss of contacts due to the intermediary’s failure to recover the accounts can also occur from time to time, causing the reported losses to account for a large part of the city’s export credit insurance losses this year.

“An enterprise in Quanzhou exported more than 3 million US dollars worth of stone to Vietnam. Now it is difficult to recover most of the accounts due to problems with middlemen.” Huang Tianyou introduced that foreign big buyers purchase goods and use outsourcing methods. , to the procurement business to some middlemen. Due to the high credibility of these foreign buyers, many companies consider that the trade risk is small and they are not involved in insurance.

“Because of the decline in the creditworthiness of some big foreign buyers and the fluctuation of raw material prices, the risk of trade through intermediaries has recently increased.” Industry insiders cautioned that due to the fact that the Christmas sales season has gradually passed, companies must Pay attention to the risks posed by middlemen's trade to the company's recycling accounts in the coming months.