Chinese Solar Billionaire Remains an Enigma After 47% Plunge
Sishen solar park in Kathu, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
In the early stages of Hanergy Thin Film Power Group Ltd.’s tumultuous ride to the top of the global solar industry, Chairman Li Hejun spoke of changing the world with a vision imbued by magic.
Certainly, an air of mystery exists around his life story, not to mention the other-worldly 47 percent plunge in his company’s stock on May 20 and the absence of any explanation since. Known best as a solar operator and advocate, Li built his fortune by securing private ownership of hydroelectric assets, including a power station one-third larger than the Hoover Dam in the U.S.