Peng Xiaofeng: Crisis of Photovoltaic is Temporary while Energy is a long-term Crisis

(China Glass Network) 2011 is a “Cold winter” for China photovoltaic industry. LDK Solar, the world’s largest producer of solar wafers in terms of capacity and a leading high-purity and solar module manufacturer has been faced with continuous loss, and there are rumors of bankrupt of the group as a result of capital chain pressure. Peng Xiaofeng, CEO of LDK Solar told reporter that ,” Crisis of Photovoltaic is Temporary while Energy is a long-term Crisis”

It’s reported that price of polysilicon, silicon wafer, solar cell and PV module has fell more than  50%、57%、55% and 31%. LDK Solar has lowered costs to "hedge" price falling.”Cost of our industrial chain has already been one of the lowest in the world.”President Peng said that.

Peng is confident in the future of PV industry. He said proportion of PV in the energy structure of China and other countries is rather low, there is tremendous opportunity for development of the market.”

He also stressed that domestic market is stepping up along with policy issued about on-grid price, it’s predicted that installation will be up to 50GW in 2020.