强力“反内卷”，新能源企业加速出清

Core Viewpoint - The Chinese renewable energy industry is facing an unprecedented "involution" crisis, characterized by significant price drops in key materials and components, prompting industry associations to advocate against unfair competition and promote healthy development [1][2]. Group 1: Industry Challenges - The price of silicon materials has plummeted by 90%, and the cost of energy storage systems has entered the "0.3 yuan era," while the average bidding price for wind power equipment has decreased by 65% from its peak in 2020 [1]. - Overcapacity is identified as the core issue of the involution crisis, with rapid capacity expansion in the photovoltaic industry leading to severe overcapacity risks by 2025, despite projected demand of 160 to 180 million tons of polysilicon [2]. - The energy storage sector is also experiencing significant overcapacity, with around 200 GWh of annual installed capacity, which could lead to insufficient orders for the numerous active system integrators [2]. Group 2: Industry Responses - Various industry associations, including the China Photovoltaic Industry Association and the China Chemical and Physical Power Industry Association, have issued initiatives to combat unfair competition and promote healthy industry development [1][5]. - The China Photovoltaic Industry Association is actively seeking feedback on the draft revision of the Price Law, which aims to address issues of low-price dumping and restore price order in the market [4][6]. - A total of 152 companies have participated in the initiative to maintain fair competition in the energy storage sector, indicating strong industry support for self-regulation [5]. Group 3: Policy Measures - The Chinese government is implementing a multi-layered governance system to address the involution crisis, including industry self-regulation, legal revisions, and price monitoring [4][6]. - Recent policy announcements from various government departments emphasize the need to regulate low-price competition and encourage the exit of outdated capacities [6]. - As a result of these measures, there has been a reported 20%-30% increase in prices across the photovoltaic supply chain, reflecting the initial effectiveness of the "anti-involution" actions [6].