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240. The CHINT Blueprint, or the Chinese Solar revolution from the inside - Redefining Energy podcast
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Energy Central
During Intersolar (The Smarter E), Gerard sat down with Dr Chuan Lu, CEO Astronergy and Director of Chint Group to discuss, from the inside the Chinese Solar revolution.
CHINT is a vertically integrated Chinese energy conglomerate whose solar business is profitable, mid-growth, and margin-focused rather than driven by hyper-scale manufacturing.
Its portfolio includes Astronergy (modules), CPS (inverters), CHINT Solar (EPC/IPP), and CHINT ANNENG (residential PV), generating approximately $650–700 million in operating profit and implying a valuation of $12–16 billion.
The modern Chinese solar industry began to take shape around 2006 as a predominantly export-oriented manufacturing sector, driven by demand from Europe and other international markets.
Looking ahead, management recognises the challenges posed by overbuilding and excess manufacturing capacity in the utility-scale solar market.