Photovoltaic companies merger and reorganization implementation will be introduced

Recently, the Ministry of Industry and Information Technology (MIIT) held a seminar on promoting mergers and acquisitions of photovoltaic companies in Beijing. Information will be uploaded, and relevant departments such as the Ministry of Industry and Information Technology will work together with the investment, finance, commerce, taxation, and finance departments to speed up the formulation of the "Opinions on the Implementation of Mergers and Restructuring of Photovoltaic Enterprises", and at the same time strengthen coordination with the national policy banks, etc. The merger and reorganization of domestic photovoltaic companies.

Participants conducted in-depth discussions on issues and difficulties that may be encountered by Chinese PV companies in mergers and reorganizations. Based on the development characteristics and current status of the photovoltaic industry, combined with existing experiences and specific conditions of the enterprises, the participants proposed how to effectively carry out mergers and reorganizations. There are many suggestions on policies, finance, taxes, etc.

According to a previous report by the China Securities Journal, for mergers and reorganizations of the photovoltaic industry, in addition to following the principle of voluntary corporate voluntary, local governments may appropriately link the merger and consolidation of local PV companies to future development approvals for power plant projects. It thus “forced” the enthusiasm of companies to participate in mergers and reorganizations.