Exec proposes strategic measures to boost photovoltaic industry

Expressing confidence in China's modernization process and its positive impact on private enterprises, Wang Gang, chairman of Shandong-based photovoltaic material company Jinjing Group, said at the just-concluded two sessions that the future growth of the private economy will be increasingly optimistic.

Wang, also a deputy to the National People's Congress, expressed his confidence in the upcoming policy directives for the photovoltaic industry, stressing the imperative of innovation and advancement in driving sustainable growth.

The remarks followed the focal points outlined in the Government Work Report, emphasizing the effective execution of policies and measures to foster the growth of the private sector, and better safeguard the legitimate rights and interests of private enterprises and entrepreneurs in compliance with the law.

The report also advocates for qualified private enterprises to establish a robust modern corporate framework infused with Chinese characteristics. Furthermore, it advocates dealing with hyper-competition and the enhancement of market access environments in emerging sectors, marking it as a pivotal objective in the government's agenda for 2025.

"Intense competitions in the domestic market and ongoing trade conflicts have posed great challenges for businesses. Against this backdrop, companies in the traditional sector like us face pressure of industrial upgrade and global supply chain restructuring, propelling us to find a new growth point," Wang said.

In response to these challenges, Jinjing is actively pursuing a 'second track' strategy, focusing on developing green energy materials aside from its main business — glass production, and achieving a significant milestone by producing the first domestically made TCO conductive film glass, capturing a domestic market share exceeding 90 percent, Wang said, adding the company is eyeing perovskite solar cell manufacturing for new growth points.

Highlighting the reasons for supporting perovskite solar cell development, Wang emphasized its high theoretical conversion efficiency, shorter production chain compared to the current mainstream crystalline silicon cells, typically enabling all production processes to be completed within a single factory, and relatively lower production costs.

During the two sessions, Wang proposed the establishment of a comprehensive support system consisting of "government planning + industrial clusters + green financial tools." He anticipates the nationwide establishment of gigawatt-level production systems for perovskite solar cells by 2027 and a 10 percent market penetration rate by 2030.

"More policies are expected to support provinces and autonomous regions with unique resource endowments to build diversified industrial clusters. For example, businesses in Jiangsu province are known for gigawatt-level production of perovskite solar cells, a majority of companies in Shandong province are focusing on key basic material research and development, while Inner Mongolia autonomous region and Ningxia Hui autonomous region boasts abundant natural resources needed for perovskite solar cell production," he said.