光伏行业"反内卷"的大背景下，国际长线资本开始深度布局。 智通财经APP获悉，9月15日，光伏行业龙头协鑫科技（03800）迎来知名国际投资机构无极资本 Infini Capital 的战略投资，通过定向增发方式向后者募集约7亿美元的资金。这一合作不仅为企业注入发展新 动能，更以"市场化兼并重组+政策强制约束+技术淘汰机制"的协同实践，推动 "反内卷"，为光伏产业 高质量发展提供了标杆样本。 国际能源署数据显示，2024年亚洲贡献了全球72%的可再生能源新增容量，而欧盟碳税机制的实施，使 协鑫颗粒硅技术的低碳优势转化为实实在在的市场溢价能力，欧美市场对低碳光伏产品的需求缺口持续 扩大。欧洲太阳能产业协会报告指出，中国在太阳能产业的投入推动了全球技术快速发展，这为协鑫科 技的全球化布局奠定了产业基础。 随着国际资本的注入与技术成果的持续转化，协鑫科技正从硅料供应商向全球能源解决方案提供商转 型。这一转型既符合国家光伏产业高质量发展的政策导向，也为金融资本服务实体经济提供了可借鉴的 模式。 在 "双碳" 目标指引下，以协鑫为代表的光伏企业将继续发挥技术与资本双轮驱动作用，为我国新能源 产业抢占全球价值链高端、实现 ...

Group 1 - The core viewpoint of the article highlights the strategic investment by Infini Capital in GCL-Poly Energy, marking a significant move towards enhancing the photovoltaic industry's quality and sustainability through market-oriented restructuring and technological upgrades [1][2][3] - GCL-Poly Energy has secured approximately $700 million through a targeted issuance of shares, which will inject new growth momentum into the company and serve as a benchmark for high-quality development in the photovoltaic sector [1] - The collaboration aims to establish a specialized industrial fund focused on integrating inefficient and low-quality excess capacity within the industry, thereby alleviating the negative impacts of excessive competition and resource waste [1][2] Group 2 - Infini Capital, with a diversified investment portfolio, has provided over HKD 10 billion to support the rapid development of Chinese high-tech companies, indicating its commitment to advancing the photovoltaic sector [2] - The partnership will focus on several key areas, including supply-side reform funding, structural adjustments in polysilicon capacity, and the commercialization of perovskite technology, which is expected to open new growth avenues for GCL-Poly Energy [2] - According to forecasts, by 2025, at least three GW-level perovskite production lines are expected to be operational, with market potential projected to reach 161 GW by 2030, highlighting the significant growth opportunities in this technology [2] Group 3 - The International Energy Agency reports that Asia will contribute 72% of the global renewable energy capacity additions in 2024, while the EU's carbon tax mechanism enhances the market premium for low-carbon photovoltaic products [3] - GCL-Poly Energy is transitioning from a silicon supplier to a global energy solutions provider, aligning with national policies for high-quality photovoltaic industry development and offering a model for financial capital to support the real economy [3] - The dual drive of technology and capital will enable GCL-Poly Energy to capture higher value in the global value chain and contribute to green and low-carbon development in the renewable energy sector [3]

Group 1 - The core viewpoint of the article emphasizes that the polysilicon industry is moving towards a new development stage, focusing on capacity integration and differentiation [1][3] - The need for capacity control in the polysilicon sector is highlighted, with industry leaders discussing the importance of capacity consolidation to improve market conditions [1][3] - GCL-Poly Energy has proposed a clear plan for capacity acquisition, aiming to maintain silicon material prices at reasonable levels and ensure profitability across the entire supply chain [1][2] Group 2 - The green development route is a long-term goal for the photovoltaic industry, with Tongwei joining major global renewable energy organizations to demonstrate its commitment to global green governance [2] - GCL-Poly has introduced a green pricing initiative, advocating for better policies for products with lower carbon footprints, which aligns with international standards [2] - The carbon footprint of GCL-Poly's granular silicon products has been certified at 14.441 kg CO₂e/kg, showcasing its leadership in carbon reduction efforts [2] Group 3 - By the end of 2024, China's polysilicon capacity is projected to reach 2.8683 million tons, with an average annual investment price of approximately 50,000 yuan per ton [3] - The overall average price of polysilicon is currently around 34,000 yuan per ton, with about 500,000 tons of capacity either delayed or still in progress, leading to significant losses for companies [3] - The industry is witnessing a shift from chaotic competition to deep cooperation, aiming for resource optimization and sustainable long-term development [1][3]