China’s Solar Giants Say Industry Needs to Fight Cost Inflation

The heads of some of China’s largest solar makers pressed the industry to reduce costs as raw material inflation boosts panel prices for the first time in eight years.

Manufacturers like Trina Solar Co. and Longi Green Energy Technology Co. said rising prices are creating problems for their customers, solar’s end-users, and that companies in the supply chain need to improve cooperation to better balance supply and demand for materials.

The price of solar power's key material is soaring

The executives spoke at the SNEC International Photovoltaic Power Generation and Smart Energy conference in Shanghai on Wednesday, in the midst of solar power’s worst bout of inflation in more than a decade. Solar module costs have risen 21% since the start of the year, potentially causing developers to delay projects.