Taking ‘Enabling Synergies From Full Value Chain Integration’ as a hit point, Astronergy CEO – Dr Chuan Lu - answered back to a roundtable themed 'Bouncing Back From the PV Cyclical Bottom' at the BNEF Summit Shanghai on December 3rd, highlighting a clever way that helps company going through industry cyclical adjustment.

With aims to explore in-depth the changes in the energy system and the driving factors behind them, and to discuss the path to a low-carbon future, the BNEF Summit Shanghai attracted a wide range of professionals from both inside and outside the industry. The roundtable Astronergy presented is at the starting day of this year’s summit and eyed on how paving through current difficulties of solar industry.

“Benefiting from the business synergies between Chint Group's electrical appliances business and businesses in its green energy, Astronergy products and company operations can be benefited from the systematization, enabling us strong enough to handle market fluctuations”, stated Dr Chuan Lu, Chairman and CEO at Astronergy, and member of the board of Zhejiang Chint Electrics Co., Ltd.

According to Dr Lu, Chint Group – the parent company of Astronergy – began experimenting with the power plant solutions business as early as 2009, as it realized that single-product manufacturing model would be difficult to withstand market fluctuations, and that the power plant solutions business would be able to synergize with the company's original electrical equipment business, and realize co-operation in supplying upstream and downstream of the industry chain to cope with market changes.

Under the linkage of power stations, the Group's various businesses are placed under a systematic operation mode, and products could be verified in power stations before entering the market, ensuring high-quality performance of the products while effectively responding to the real market environment.

Taking Astronergy's PV module products as an example, before the products achieve mass production and enter the global markets in large quantities, they can be utilized in power stations invested in by sister companies, added Dr Lu. Intelligent maintenance system of power stations can provide Astronergy with practical information on the products' performances, so that Astronergy can make further optimization of its products based on the empirical data, the market environment, and the application scenarios.

Systematic operation, said Dr Lu, could predict product technology development directions to a certain extent. With the support of the whole industrial chain, Astronergy knows when and whether the technology can be implemented in large quantities and effectively serve customers, which further guides the company's technology iteration and product mass production.

“PV industry’s cyclical difficulties will last but will not be long. Astronergy is trying to act good with the supports of our industry chain partners to keep producing high-quality products and seeking for technological breakthroughs in solar applications”, stated Dr Lu.

At the first day of the summit, Dr Lu also joined a panel to share his views on impact of the gradual entry of renewable energy into the electricity market on the outlook for the renewable energy industry.