Meyer Burger Investor Presentation
China 531: a disruptive announcement of the
Chinese government on May 31st, 2018
4
Market growth - CPIA 2017 Solar PV roadmap 2017 - 2025
60
GW
53
50
40
40
34.5
30
30
30
20
20
20 20
20
20
15.1
11.0 10.6
10
10
10
2.7 3.9
0
2011 2012 2013 2014 2015 2016 2017 2018 2020 2022 2025
Historical data ■CPIA Low Scenario ■CPIA High Scenario
Source: CPIA China Phovotoltaic Industry Association
Higher quality at much lower cost
2017 "Top Runner" winning prices
$MWh
140
120
100
80
60
420
Dalate
Baicheng
Shouyang
Sihong
Haixing
Baoying
Weinan
Winning price range • Local PV FIT Local tariff for coal plants
Source: Local government announcements; Bloomberg New Energy Finance
Meyer Burger Technology Ltd, Presentation for Investors, Analysts and Media
MEYER BURGER
With recent 531 Solar Notice, Chinese
Administration strives to
control growth: Uncapped and very
attractive feed-in tariffs resulted in higher
end-installations than originally planned.
2017 installations were significantly higher
than estimated in early 2017 (China Solar
Association CPIA's PV Industry Roadmap)
achieve grid parity within the next three
years: Establish a market driven model to
achieve grid parity until 2021. Top Runner
project winning prices were much lower
than FiTs and close to coal power prices,
despite required use of high efficiency solar
modules
push the PV industry from a purely cost-
driven focus to a quality and technology
focus: Top Runner program turns out to be
very effective in pushing the CN-industry to
PERC as a minimum level and encourage
advanced technologies beyond PERCView entire presentation