Shi: It's good for traditional companies to enter the new energy industry

"Being forced or proactive is a good thing for companies in traditional industries to enter." "Wuxi Suntech Solar Power Co., Ltd. chairman and CEO Shi said to NetEase finance.　　NetEase Finance recently as a guest media to Wuxi Suntech headquarters conducted a survey. As a result of solar power pollution-free, renewable, green and other characteristics, coupled with national policy support, at present, some traditional enterprises began to enter the field of solar power.　　Not only do some traditional power generation companies start investing, but electrical equipment manufacturers such as Zhejiang Chint are also starting to dabble in the power generation sector. "That's a good thing. Many people worry that the traditional generation and solar power generation is a competitive relationship, and even has some resistance to our development. In the past, if you can't say the resistance, it's not very positive.　　"Shi believes that the solar market more participants, can be a strong market together, improve the entire energy-generating industry chain." He also said that other industries and enterprises to enter the field of too much energy can not blindly input, first of all, this industry is the existence of technical barriers, the need for High-tech research and development, and secondly, some do not have the capital and research and development strength of enterprises into the existing industry standards can easily damage, so that the industry into a price war and poor product quality situation. In addition, each enterprise has its own expertise, such as power companies are good at power operation, rather than manufacturing.　　Companies like BP have been doing this for 30 years, and have recently abandoned manufacturing projects and outsourced them to other companies, concentrating only on the construction of power stations. Suntech Power is currently ranked third in the global solar photovoltaic cell market, with a number of leading world-wide patents for power generation technology. Suntech, which successfully listed in the US NYSE in December 2005, topped 10 billion dollars in market capitalisation, and Shi himself was named China's richest man in 2006 by Forbes. Suntech Power achieved 500 MW in 2008, with tax revenues exceeding 1.9 billion dollars. In addition to its headquarters in Wuxi, Suntech currently has subsidiaries in the United States, Japan and Europe.