Sustainable energy is the indispensible part for achieving sustainability in economic development. In 2013, National Development and Reform Commission has set an important target in the 12th five-year plan to increase the installed solar power capacity by four times to 35GW or more over the next three years, by spreading over an average of 10GW per year in order to promote clean and efficient energy, support low carbon development and to establish a robust solar photovoltaic industry that meets domestic market, production, sales and service system needs, and eases China’s reliance on exports.
In 2013, to catch up with the vast development of the solar energy market, the Group had great step forward in terms of solar power generation and solar products manufacturing ability. With the successful acquisitions of solar power plants completed in 2013 and early 2014, the Group’s market share in China’s solar power generation market has soared to a prominent position. At the same time, to achieve long-term business sustainability, the Group has actively expanded its downstream solar power station business in order to realize the synergy derived from the vertical integration of the products and solar power stations. The Group is working at expanding its production scale so as to increase its market share, and to achieve complete production chain with leading technologies and low production costs through setting up global footprints. In terms of promoting product research and development, the Group has always been putting effort in improving the conversion efficiency of its solar batteries and in introducing new technologies. In face of the expansion and consolidation of its business, the Group values any strategic investment and acquisition opportunities hoping to operate and monitor the world class solar plants.