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China’s Solar Wafer Prices Could Rise Further as Longi, Zhonghuan Fix Quake Damage Wei Zhongyuan China’s Solar Wafer Prices Could Rise Further as Longi, Zhonghuan Fix Quake Damage
(Yicai Global) May 26 The price of raw materials used in solar cells may increase further in China due to two recent earthquakes that affected two major monocrystalline silicon plants in the country’s northwest, according to experts.
Even if Longi Green Energy Technology and Zhonghuan Semiconductor say the damage is not majorly hurting production capacity, prices may rise, according to experts in the field at companies or brokerages.
The effects are predicted to flow downstream. Downstream solar cell makers, which have been under intense financial pressures lately, may have to slash production as raw materials get more expensive, they said.
The 10 Richest Green Energy Billionaires In 2021
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For some, going green can mint a lot of greenbacks. With interest in clean energy surging President Biden’s infrastructure plan calls for $174 billion in investment in the electric vehicle industry and a goal of reaching 100 percent “carbon-pollution free power” by 2035 trailblazers in the green revolution are getting richer. There are now 34 billionaires whose fortunes stem from clean energy products, ranging from electric scooters and electric trucks to solar panels and wind turbines. With a red hot stock market, 19 of these billionaires joined the three comma club for the first time in the past year alone.
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âFailure Didnât Lead To Deathâ: Chinaâs Richest Man In Solar Talks About Falling Costs, Global Growth
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Chinaâs power industry has underpinned the countryâs rising economic heft over the years. When it comes to power generation, itâs big state-owned companies such as China Huadian and China State Power Investment that lead the way.
But when it comes to manufacturing solar equipment such as solar cells and panels, itâs more nimble private sector suppliers out front with more than half of the global market. Few have done as well as LONGi Green Energy Technology, the countryâs No. 1 maker of solar modules, with sales of $8 billion in 2020 and a worldwide customer list that includes Tesla, D.E. Shaw, Engie, Enel and Adani. LONGi, which today employs more than 60,000 people globally, has over the years delivered solar capacity (now installed) that is three times that of Chinaâs Three Gorge