zhengrong shi - beyond 2012 a solar odyssey
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7/31/2019 Zhengrong Shi - Beyond 2012 a Solar Odyssey
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Beyond 2012: A Solar Odyssey Dr. Zhengrong Shi, CEO & Founder, Suntech
June 6, 2012
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Myth bustingsolar delivers affordable energy
Win-winscenario forconsumers
Stable coststhrough PPAs
Assured &predictableelectricity
Cheaper thandiesel in off-grid regions
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And it has witnessed tremendous
growth in the last 10 years
Source: Marketbuzz Annual World Photovoltaic Market Review, March 2012 by Solarbuzz
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2012Challenging timesfor the solar industry
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Today’s challenges, tomorrow’s opportunities
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The Journey Ahead:Four Trends that Will Change Solar
Cost Reduction ThroughInnovation
Diversification –
A Key Strategy
Bankability Matters
Smart Grids
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Cost Reduction ThroughInnovation
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Declining silicon costsAnd improvements in wafer technology have made solar cost competitive
0
10
20
30
40
50
60
70
80
90
2 3 - M a r - 1 1
3 0 - M a r - 1 1
6 - A p r - 1 1
1 3 - A p r - 1 1
2 0 - A p r - 1 1
2 7 - A p r - 1 1
4 - M a y - 1 1
1 1 - M a y - 1 1
1 8 - M a y - 1 1
2 5 - M a y - 1 1
1 - J u n - 1 1
8 - J u n - 1 1
1 5 - J u n - 1 1
2 2 - J u n - 1 1
2 9 - J u n - 1 1
6 - J u l - 1 1
1 3 - J u l - 1 1
2 0 - J u l - 1 1
2 7 - J u l - 1 1
3 - A u g - 1 1
1 0 - A u g - 1 1
1 7 - A u g - 1 1
2 4 - A u g - 1 1
3 1 - A u g - 1 1
7 - S e p - 1 1
1 4 - S e p - 1 1
2 1 - S e p - 1 1
2 8 - S e p - 1 1
5 - O c t - 1 1
1 2 - O c t - 1 1
1 9 - O c t - 1 1
2 6 - O c t - 1 1
2 - N o v - 1 1
9 - N o v - 1 1
1 6 - N o v - 1 1
2 3 - N o v - 1 1
3 0 - N o v - 1 1
7 - D e c - 1 1
1 4 - D e c - 1 1
2 1 - D e c - 1 1
2 8 - D e c - 1 1
4 - J a n - 1 2
1 1 - J a n - 1 2
1 8 - J a n - 1 2
2 5 - J a n - 1 2
1 - F e b - 1 2
8 - F e b - 1 2
1 5 - F e b - 1 2
2 2 - F e b - 1 2
2 9 - F e b - 1 2
7 - M a r - 1 2
1 4 - M a r - 1 2
US$79 /kg
US$28.4 /kg
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And today, solar is affordable and has
reached grid parity in many regions around the
world
Sources: 1976 -1985 data from IPCC, Final Plenary, Special Report Renewable Energy Sources (SRREN), May 2011; 1985-2010 data from Paula Mints, Principal Analyst, Solar Services Program, Navigant;2011 numbers based on current market data
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However, the solar game has changed
Incremental innovationwill determine cost reduction in future
Scaling high conversion efficiency intoproduction
Strong R&D infrastructure and heritage
Redesigning the solar module to use lowercost materials
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Suntech has achieved higher cell efficienciesthrough consistent R&D investments
STP156
STP125
STP156S
STP125S
STP125S
Mono Target
2002 – 2004 2005 – 2007 2008 – 2010 2011 -- 2012
C o n v e r s i o n e
f f i c i e
n c y
14%
15%
16.5%
17.8%
19.2%
21%
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Diversification – A Key Strategy
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Solar industry started in Europe, Japanand then United States
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Asia Pacific, MiddleEast & Africa willdrive the second
era of PV growth
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For Suntech, APMEA’s share of total
revenue has increased steadily overthe last three years
2009 2010 2011
12.0% 13.3%
19.7%
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Project financing crucial to the
growth of solar in APMEA
Strong financial institutions like ADB critical
Innovative financing models
Collaboration with local partners for a win-win result
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Bankability Matters
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Solar is a
25-YearRelationship
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Customers want to work with partners
who can justify ROI
ROIQuality
InnovationProven
track record
Consistency
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Suntech has one of themost advanced quality testing labs in Asia
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Smart Grids
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With the increase in renewable energy mix to our total
energy supply, it is important to have smart grids tomanage energy consumption and generation
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Solar has a long journey ahead
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Beyond 2012: Four things toremember
Cost Reduction ThroughInnovation
Diversification –
A Key Strategy
Bankability Matters
Smart Grids
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The future is bright
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Thank You