China Miniseries (3 of 5): Ramping Renewables—China's Boom-Bust Bid to Make Solar Power Big

Terry Wang, CFO of Trina Solar

Peter Xie, CEO, GCL Solar Energy

Monday, May 6, 2013 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All

In less than a decade, China has become the world’s largest maker of solar panels. Now China’s solar industry is bleeding — the result of a too-fast expansion, a global recession, and a pullback in government subsidies from Europe, traditionally the world’s largest solar market. China’s furious ramp-up of solar-panel manufacturing has slashed the cost of solar power from the Bay Area to Berlin. Yet it has infuriated politicians in the U.S. and Europe, who contend China is undercutting their domestic solar-panel industries in violation of international trade rules. As the battle rages, some of China’s dominant solar-panel companies are scrambling to stay alive. They’re hunting for new money-making opportunities, including building solar farms in the U.S. In this conversation, top executives from two leading Chinese solar companies survey their industry’s troubles, assess its prospects, and consider the future of solar power around the world.
 

Brief Bio:

Terry Wang has been Trina Solar’s chief financial officer since June 2008, and served as Trina Solar’s senior vice president of finance from January 2008 to June 2008. Terry has 20 years of extensive experience in international financial operations and management in technology and manufacturing industries. Prior to joining Trina Solar, Terry served as the executive vice president of finance of Spreadtrum Communications, Inc., a wireless and fabless semiconductor company listed on NASDAQ, from 2004 to 2007. Before that, Terry served as CFO of a silicon valley-based technology company and controller at one of the largest NASDAQ-listed semiconductor assembly and testing companies.

Since April 2011, Terry has also served as independent director and audit committee chairman for 21Vianet.com, a NASDAQ-listed Internet data center services provider in China. Terry is a Certified Management Accountant and is Certified in Financial Management as well as an MBA in Finance from the University of Wisconsin.

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