一个搞钱路子，从光伏开始

Core Viewpoint - The photovoltaic industry is beginning to explore financial innovations, particularly through the tokenization of real-world assets (RWA), which can enhance financing options and allow ordinary investors to participate in the sector [2][3][4]. Group 1: RWA's Impact on the Photovoltaic Industry - RWA represents an innovative financing method that digitizes hard-to-split and illiquid assets like solar power plants, enabling them to be traded in the Web 3.0 ecosystem [5][6]. - The successful issuance of RWA by GCL-Poly Energy, which raised over 200 million RMB in cross-border financing, marks a significant milestone for the photovoltaic sector [3][4]. - The introduction of RWA is expected to transform the heavy asset nature of the photovoltaic industry, providing new avenues for financing and investment [4][14]. Group 2: Changes in Financing and Market Dynamics - The photovoltaic sector is experiencing a shift in its underlying logic, with many state-owned enterprises looking to divest solar projects due to changing market conditions [12][13]. - The competition landscape is evolving, with local state-owned enterprises and investment platforms taking the lead in acquiring solar assets previously held by central state-owned enterprises [12][13]. - GCL-Poly Energy's RWA issuance is seen as a new exit strategy for investors, allowing global participation in the photovoltaic market [14][15]. Group 3: RWA Issuance Process - The RWA issuance process involves a combination of asset and data chains, requiring clear asset ownership and stable revenue predictions [16]. - The issuance of RWA necessitates the involvement of various intermediaries, including asset appraisers, auditors, and legal advisors, to ensure compliance with regulations [21][22]. - The digitalization of assets leads to the creation of tradable tokens representing the rights to the revenue generated by solar power plants, with the first issuance targeting licensed investment institutions in Hong Kong [18][27]. Group 4: Future Prospects and Ecosystem Development - The potential for RWA issuance extends beyond the photovoltaic sector to other high-information industries such as energy, finance, and healthcare [21]. - The development of a robust ecosystem for RWA is still in its early stages, requiring more asset providers and funding participants to engage [25]. - Major photovoltaic asset holders are showing interest in RWA, indicating a growing trend towards this financing model as regulatory frameworks evolve [26][27].