In 2020, faced with, first, the epidemic situation, and then the price rise mainly caused by the shortage of silicon materials, the supply and demand of photovoltaic industry is seriously out of balance. Although a series of factors have had an impact on the production and manufacturing of photovoltaic industry, the domestic photovoltaic industry shows strong resilience and sustainable development ability, and it recovered rapidly in the first half of this year. Benefited from the growth of overseas market, the scale of China's photovoltaic industry has been steadily expanded, technological innovation has been continuously promoted, and the growth rate of export has been continuously improved. China's photovoltaic enterprises have overcome difficulties and achieved adverse growth.
As an important new power generation system, compared with other renewable energy, Solar photovoltaic power generation has rich resources and various utilization methods, and it gradually reduces the cost of power generation. These advantages will gradually make it a new force of renewable energy development. In the current global context of calling for sustainable development, it can be predicted that photovoltaic has a positive development prospect. China's photovoltaic industry is a typical export-oriented industry. Under the current circumstance when global development has been affected by COVID-19, the advantages of photovoltaic industry urgently need to be fully reflected and rationally utilized. The international trade department actively carries out photovoltaic export business. In June this year, the department launched trade activities with Cripton Environmental Engineering (s) Pte Ltd., a large-scale photovoltaic EPC client in Singapore, on the 100kW photovoltaic project of Singapore government. The project is located at the Singapore Changi International Convention and Exhibition Centre. The PV system and accessories are needed to build the largest Cabin Hospital in Singapore to provide a place for the treatment of COVID-19 patients (15000 patients can be admitted simultaneously). The trade cooperation of this relief project not only helps to enhance mutual trust between enterprises, but also reflects the friendly intercourse at the national level.
Cripton Environmental Engineering(S) Pte Ltd is a leading company in constructing renewable energy systems for building services and industrial applications in Singapore. Cripton team is a designer, consultant and system integrator of a wide range of environmental friendly and energy efficient projects. It also specializes in integrating commercial and domestic renewable energy systems. Over the years, Cripton has engaged in designing, installing and commissioning for hundreds of solar PV systems, heat pump hot water systems as well as solar tube and solar flat-plate collector hot water systems in Singapore, Philippines, Vietnam, Myanmar, Thailand and Indonesia. As an environmental industry leader, Cripton is experienced in the industry of renewable energy in Singapore. Our company has strong financing ability and EPC experiences. And thanks to the Belt and Road Initiative, our company have had more opportunities to approach the overseas governments' solar projects. It is believed that the two sides have a positive prospect of cooperation on achieving a high energy efficiency ratio and improving environmental sustainability.
Challenges and opportunities often coexist. HIETC will strive to play a "window" role, maintain communication with the world, and work with the group company to face challenges and seize opportunities with a positive attitude.