The world’s energy crisis has powered up the bottom line of new energy tycoon Liu Hanyuan’s Tongwei Group.
. The world’s largest producer of high-purity silicon used in solar panels has seen demand surge for its solar products. Still, market woes hit Liu’s fortune, which fell to $12.4 billion, putting him at No. 20 on this year’s list of China’s richest.Net profit in the first nine months nearly quadrupled to 21.7 billion yuan on 102 billion yuan in revenue at the group’s listed arm Tongwei Co. as the price of silicon soared earlier this year to a record high.
Revving up expansion, the company aims to produce at least 350,000 tons of solar-grade silicon annually by the end of 2023, up from nearly 110,000 tons last year, and 80 gigawatts of solar batteries. It’s already the global market leader of solar batteries by shipment at over 30GW.Liu set up Tongwei Group in 1992 as a fish feed supplier, diversifying into energy in 2013 with his purchase of a Chinese solar panel maker.
Combining the two businesses has become another venture: Over 50 of Tongwei’s solar farms are built on its aquafarms to save space, which Tongwei promotes as tourist destinations. Last December, a 2.8-million-square-meter site in the coastal province Shandong was awarded a triple-A rating from the tourism ministry for a scenic spot .
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gina Prince-Bythewood, Audible Founder to Receive Gotham Awards TributesThe 'Woman King' director will be honored with the filmmaker tribute while the executive chairman of the audio storytelling provider will receive the innovator tribute.
Leer más »
Jeff Cook, co-founder of country band Alabama, dies at 73Jeff Cook died Tuesday at his home in Destin, Florida.
Leer más »
Doge Founder Slams Shiba Inu, Here's What for This Time$SHIB gets bashed by $Doge co-creator BillyM2k in the context of binance and FTX SHIBarmy $BNB
Leer más »
Texas EquuSearch founder Tim Miller announces documentary ‘Crime Scene: The Texas Killing Fields’ on NetflixTim Miller, the founder of Texas EquuSearch announced Wednesday the limited documentary series that will focus on the deaths of four victims found off Calder Drive in League City during the 80s and 90s in an area that became known as the “Killing Fields.”
Leer más »
Jeff Cook, co-founder of country band Alabama, dies at 73The guitarist steered the band up the charts with such hits as “Song of the South” and “Dixieland Delight.” Cook had Parkinson’s disease and disclosed his diagnosis in 2017.
Leer más »