Astronergy CEO Chuan Lu has taken part in a roundtable discussion at a recent BNEF summit in Shanghai, taking the opportunity to highlight how the company mitigates cyclical industry adjustments.
Lu explained: “Given the synergies between the Chint Group’s electrical appliances business and those in its green energy division, Astronergy products and company operations can benefit from the systematization, giving us the ability to handle market fluctuations.”
According to Dr Lu, the Chint Group, Astronergy’s parent company, began experimenting with the power plant solutions business as early as 2009, as it realized that a single-product manufacturing model would find difficulty in withstanding market fluctuations, whereas the power plant business would be able to synergize with the company’s original electrical equipment expertise to co-operate on supplying the industry upstream and downstream segments.
Under the umbrella of power stations, the Group’s various businesses are placed under a systematic operation mode, with products validated in power stations before entering the market, ensuring their high-quality performance when faced with a ‘real world’ market environment.
Taking Astronergy’s PV module products as an example, before they enter mass production and enter global markets in large quantities, they can first be tested at power stations owned by its sister companies.
Systematic operation, said Dr Lu, can predict to a certain extent the direction of product technology development, adding: “The PV industry’s cyclical difficulties will continue, but not in the long-term. Astronergy is committed to continuing to produce high-quality products and exploring technological breakthroughs in solar applications.”
