China’s troubled solar sector at ‘turning point’ - Product price to rise above cost level in three quarters

Recovery mode: Solar panels seen at the Mengxi Blue Sea Photovoltaic Power Station in Ordos, China. Longi’s Lee says the sector should take the initiative to limit capacity a little to let the price return to a rational level. — AFP

SHANGHAI: China’s beleaguered solar industry, wracked by a glut and fierce price war, is already on the road to recovery, according to one of the country’s largest panel manufacturers.

“We’re at a turning point,” Li Zhenguo, founder and president of Longi Green Energy Technology Co, said in an interview.