Caixin
Dec 03, 2021 08:31 PM
BUSINESS

Top China Solar Wafer Maker Slashes Prices as Supply Overhang Looms

Longi's solar panels are displayed during the 16th International Solar Photovoltaic and Smart Energy Exhibition in Shanghai on June 5, 2021. Photo: VCG
Longi's solar panels are displayed during the 16th International Solar Photovoltaic and Smart Energy Exhibition in Shanghai on June 5, 2021. Photo: VCG

Longi Green Energy Technology Co. Ltd., one of the world’s biggest manufacturers of solar panel equipment, has lowered its silicon wafer prices for the first time in a year and a half, in a move seen potentially helping it boost sales amid widespread predictions for the market to be hit by a looming oversupply problem.

Xi’an-headquartered Longi on Nov. 30 reduced the prices for its 182-millimeter (mm) silicon wafer, 166-mm silicon wafer and 159-mm silicon wafer to 6.2 yuan ($0.97), 5.32 yuan and 5.12 yuan a piece, respectively, according to its website.

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