Ms. Xu: ReneSola is a company that was established in 2005. It was first listed in 2006 in London AIM market and then IPO-ed in New York Stock Exchange in January of 2008. So in a very brief history from the company's perspective, but not necessarily from a solar energy perspective, we have now grown to be the top three wafer producers in the world, taking about 10% of global market share. We are primarily a wafer producer. We have about 1 gigawatt of capacities, and that will be installed by Q2 of 2010. To complement this wafer production facility, we also have a 3000 metric ton polysilicon plant that is situated in Sichuan province, which is primarily used to hedge our raw material pricing volatilities. And at the same time we also have a downstream cell and module platform, which we use primarily to produce OEM modules to help strengthen our core wafer customer relationships. So, i.e., when our wafer customers request us to deliver modules at the end of the day instead of wafer, we are able to turn the modules to our customers. So all in all, both upstream and downstream capacities and platforms are there really to strengthen our global wafer leadership position. So that's in a nutshell who we are, in terms of capacities. We will be around 1 gigawatt in wafer and 240 for cell and 375 for module, and also 3000 metric tons for polysilicon. That is what our capacities most likely will look like in 2010.
TWST: In 2009 you achieved a record number of solar shipments, I believe it was about a 50% increase over 2008. Would you talk about the drivers behind that growth and the rate of growth you expect for this year?
Ms. Xu: Primarily, I think the first half of last year, the solar industry experienced very dramatic volatilities due to the sudden credit crunch in the second half of 2008; many of the solar projects were delayed in the first half. So that significantly impacted many of the solar companies' shipments. But the market rebounded because of the very substantial pricing decreases in the solar products. This in turn then stimulated downstream demand for the need of solar products. So in the second half of 2009, many of the markets spread back to life and consequently, many of the solar companies were able to ship a record number of shipments. Having said that, 2010 posted even better opportunity. So now the credit environment has been stabilized and many of the projects are reentering into the development stage. Government subsidies are also becoming clearer and more supportive, including China and the U.S. So as such, we expect the market to grow probably around 40% to 50% 2010, versus 2009, globally. As for ReneSola, we are definitely going to grow in tandem with the market, if not slightly more, because in two to three years time we really aim to be at 20%, 30% market share globally for our wafer products. So we must grow at a faster pace than the market growth is. So for our fairly, I think, conservative guidance, and it's probably bounded by our capacity constraints that we are looking to ship about 900 to 950 products this year. So that will represent very significant growth over last year.
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