Chinese Solar Major Slashes The Prices Of A Key Component ...Middle East

OILPRICE - Economy
Chinese Solar Major Slashes The Prices Of A Key Component
source : OILPRICE ( Middle East ) () 51
The largest solar manufacturer in the world has reduced the prices of a key component in solar installations by close to a third as production ramps up, threatening to sink weaker players. The update comes after in December Longi slashed prices by more than 27%. Per a Bloomberg report, Longi Green Energy Technology Co. cut the prices of silicon wafers by 31% following a steep drop in solar silicon prices. The drop itself was the result of new manufacturing capacity coming online. These developments prompted the president of the company to warn…

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