Chairman Liu Interviewed by Xinhua News Agency

As the promulgation of China s Polysilicon Industry Access Standards coming on the horizon, there is bound to be a reshuffle of the PV industry. How will the polysilicon enterprises like Yongxiang, the industry leading company in China, face transformation for existence? What does the future hold for the PV industry? For a comprehensive in-depth understanding of the history, present status and future of China s Solar PV industry, correspondent of National Finance Weekly from Xinhua News Agency made an exclusive interview with Mr. Liu Hanyuan, Tongwei Group s Board Chairman.

On the question of Why did Tongwei, the leader of aquaculture industry, enter the polysilicon industry , Chairman Liu pointed out, Tongwei entered the industry based on the evaluation of new energy industry s significant value and role in China and the world s future economy, as well as its great market potential. By research, we think Solar PV industry will be the biggest emerging industry in future. Compared to oil, coal and natural gas, solar energy is the most eco-friendly, and permanent alternative energy with the highest conversion rate and maximum reserve volume.

How can China find clean energy resources? This is a must-answer question for a morally responsible country during its nation s rise. There is actually already a very good solution available to address this urgent need. By 2050 (according to the time set by the Copenhagen Conference), if 50%-70% of the increasing energy be supplied by clean energy, the largest domestic industry would be formed. Thus, the reason that Tongwei entered and invested in this industry speaks for itself.

Furthermore, Chairman Liu said, the PV industry is an industry of high technology and huge investment. In terms of the scale in real sense, China has only 7 years of history. Yet, during the past 3- 5 years, China has overcome the technical problems that had not been tackled during the past 30-50 years. Its output has reached 1/5 of the world s total from none. In less than 10 years, half or even 70% of the world s polysilicon will be manufactured by China. In the short term, we shall assist the governance and improvement of the Access Policy issued by the State.

In addition, Chairman Liu made an analysis on Yongxiang Polysilicon s development. He said, Yongxiang s capacity utilization ranks top in China. Its product quality ranks among top 3-5, while its cost almost stays the lowest in China. Before, for the sector, the issue was that the core raw materials and equipment were imported, and the market was all overseas. Now, the only remaining issue is that the market is still at overseas countries. It is time to initiate the domestic market as soon as possible.
On the issue of misunderstanding on high energy-consuming aspect, Chairman Liu believes, it depends on its output. For now, there is 10-15 kwh return for very 1 kwh consumption for this industry, which is impossible for other fossil energy. In terms of the cost effectiveness of input and output, the solar PV industry is highly economical and efficient.