Summary During the Boao Forum for Asia, Trina Solar Chairman Gao Jifan and China International Energy Chairman Wu Guodi participated in the "Boao Three-Day Forum" and discussed key issues in the development of new energy fields, including photovoltaics and Suntech. They emphasized the importance of innovation, risk management, and sustainable growth in the industry.
During the Boao Forum for Asia, Gao Jifan, CEO of Trina Solar, and Wu Guodi, Chairman of China International Energy, attended the "Boao Three-Day Forum." They engaged in discussions on critical topics in the new energy sector, particularly focusing on photovoltaic technology and Suntech's role in the global market.
Gao Jifan highlighted the need for the government to create a supportive environment for innovation and market development. He stressed that when an industry is booming, it is crucial to be cautious about risks and prioritize long-term sustainability. He also pointed out that while Suntech has gone through restructuring, the overall photovoltaic industry remains globally competitive and not as fragile as some believe.
Earlier this month, Wuxi Suntech announced its bankruptcy and reorganization. The latest updates from the Wuxi government indicate that the process has moved into the debt clearance and capital verification phase, with work continuing during the Ching Ming Festival holiday.
Regarding overcapacity in the photovoltaic industry, Gao Jifan noted that the main cause is the rapid increase in the number of companies. Many enterprises are expanding aggressively, even at the cost of negative profits, which is unsustainable. He urged for more rational investment and better industry coordination.
Wu Guodi attributed Suntech’s crisis to excessive expansion and weak risk control. He emphasized that successful business operations require four key capabilities: risk control, market control, market insight, and talent recognition.
Looking ahead, Gao Jifan believes the photovoltaic industry will face uncertainty due to international trade protectionism, such as the EU's anti-dumping measures. However, he sees this as a period of adjustment and consolidation, leading to a healthier industry structure in the coming years.
Wu Guodi estimated that new energy could account for 15-20% of global energy consumption within 30 years. Gao Jifan was more optimistic, predicting that by 2050, new energy might reach 50% of the global energy mix.
When asked about the future of clean energy, Wu Guodi said that while current levels are low, increased government support and technological advancements could drive significant growth. Gao Jifan agreed, emphasizing that solar energy has exceeded expectations and will continue to develop rapidly.
Both leaders expressed concerns about the challenges posed by European trade policies against Chinese PV products. They called for dialogue and cooperation to resolve disputes and avoid further damage to the industry.
They also discussed the importance of international partnerships and the need for mutual cooperation in the global market. Gao Jifan stressed that trade protectionism hinders renewable energy development and that collaboration is essential for sustainable progress.
In response to questions about Suntech's situation, both leaders acknowledged the company's challenges but remained confident in the resilience of the photovoltaic industry. They praised the government's efforts to guide the sector and encourage responsible development.
Gao Jifan reiterated that the photovoltaic industry is in a strong position globally, with leading brands, innovation, and international presence. He believed that proper guidance from the government can help the industry thrive in the long term.
The discussion also touched on the need for controlled investment and rational growth in the sector. Both leaders emphasized that overexpansion and speculative behavior are not sustainable and that the industry must focus on long-term stability.
Overall, the conversation reflected a balanced view of the opportunities and challenges facing the photovoltaic industry, with a strong emphasis on sustainability, innovation, and international cooperation.Villa Elevator,Access Elevator,Home Passenger Elevator,Sightseeing Glass Elevators
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