Li Hejun, one of China’s most successful renewable energy entrepreneurs, has formally entered the ranks of the world’s billionaires after a big run-up in the shares of his Hong Kong-listed solar energy arm.
Shares in Hanergy Solar Group rose by 1.2% on Friday to close at an all-time high. They have tripled in the last year.
Solar energy entrepreneurs and investors in China have been upbeat about the industry’s prospects after the government recently announced higher-than-expected prices will be paid for solar power, reportedly to take effect on Sept. 1.
Renewable Energy Entrepreneur Li Hejun Is China's Latest Billionaire