Peng Xiaofeng: to make solar power cheaper than wind power

"We started with an annual output of 15,000 tons of silicon material, is to further reduce the cost of silicon. As long as the silicon chip prices down, photovoltaic components to price cuts and our short-term goal is to photovoltaic power generation costs to an absolute wind power Under. "Yesterday, LDK Solar Peng Xiaofeng, chairman of the company said.

Peng Xiaofeng told reporters that the current solar cells 70 to 80 percent of the cost of silicon and silicon chip in 70 percent of the cost of materials from silicon. Although the company has always been to ensure that a silicon material stocks, but taking into account the future to further reduce the cost of silicon, the company must extend to the upper reaches. "We have already begun reserves silicon materials personnel, and prior to listing has such planning." Peng Xiaofeng said that at present, foreign enterprises are large-scale silicon material in the 10,000-ton do the project, but also more than 1,000 tons of domestic projects . If not on the same level of the project, the cost to the future with the rival competition. Earlier, LDK Solar in silicon project has shown simultaneously with the international ambitions. According to Peng Xiaofeng said at the end of this year, the company's silicon wafer production capacity will reach 400 MW, 2008 the end of 800 MW, 2009 the end of 1600 MW. "As the scale of our silicon materials can be substantially reduced cost, together with electricity, manpower and raw materials such as the cost advantage, we can pull down silicon material prices, competition with foreign manufacturers and our short-term goal is to photovoltaic Electricity costs down to less than wind power. "Peng Xiaofeng said.

Source: 中国证券报　Aug. 23, 2008