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Shi Zhengrong 施正荣 | |
---|---|
施正荣 (Shī Zhèngróng) | |
![]() Shi at the World Economic Forum annual meeting in 2012 | |
Born | Shi Zhengrong 10 February 1963 |
Alma mater | Changchun University of Science and Technology Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences University of New South Wales |
Occupation(s) | Founder, former chairman & CEO Suntech Power |
Spouse | Zhang Wei |
Relatives | Chen Henglong (twin brother) |
Shi Zhengrong (Chinese :施正荣; pinyin :Shī Zhèngróng, born on February 10, 1963 [1] ) is a Chinese-Australian businessman and philanthropist. He is the founder and, up to March 2013, chairman and chief executive officer of Suntech Power.
Shi was born in Yangzhong, Jiangsu, China. His identical twin brother is Chen Henglong, who is also a tycoon. He finished his undergraduate study at Changchun University of Science and Technology, and obtained his Master's degree from the Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences. Afterward, Shi went to the University of New South Wales's School of Photovoltaic and Renewable Energy Engineering where he obtained his doctorate degree on solar power technology. [2] Shi studied with Professor Martin Green. [3] : 143
He acquired Australian citizenship [4] and returned to China in 2001 to set up the solar power company Suntech Power. Shi founded Suntech with support from the Wuxi city government, which held a 25% stake in the company. [3] : 143–144
After Suntech's listing on the New York Stock Exchange in 2005, Shi became the richest person in China. [3] : 144 Academic Lan Xiaohuan writes that Shi's wealth following the listing "acted as a strong demonstration effect and local governments across China soon began to invest in the solar industry." [3] : 144
Shi was elected Fellow of the Australian Academy of Technological Sciences and Engineering in 2009. In 2009, Shi also received the Oslo Business for Peace Award, an award chosen by Nobel winners to leaders in the private sector who have demonstrated transformative and positive change through ethical business practices. [5]
According to Hurun Report's China Rich List 2013, he had a personal net worth of US$330 million. [6]
Amid fierce price competition on its products, on 20 March 2013, the Suntech board declared bankruptcy in the wake of defaulting on US$541 million-worth of bonds, Shi had been demoted from chairman to director earlier that month. The Financial Times , quoting the Shanghai Securities News , reported at the time that Shi's movements were being restricted and that he was not allowed to leave China pending an investigation into his role at Suntech. [7] By 2016, he was living in Shanghai and frequently visiting Australia. [8] As of 2017 and 2018, Dr. Shi Zhengrong had been seen actively giving key note speeches at solar conferences and promoting the use of solar technologies in both China and overseas. [9] [10] [11]
He has donated funds to a renewable energy research unit at the University of NSW, Australia "because he felt it was not getting an appropriate level of government support", according to Australian Greens Senator Christine Milne. [12]
Suntech Power Holdings Co., Ltd. is a Chinese producer of solar panels, with 2,000 MW (2,700,000 hp) of annual production capacity by the end of 2011. It is headquartered in Wuxi, Jiangsu. Shunfeng International Clean Energy Limited, a HKSE listed renewable energy investment and Independent Power Producer company, acquired Suntech in 2014 following Suntech's bankruptcy in 2013. With offices or production facilities in every major market, Suntech has delivered more than 13,000,000 solar panels to thousands of companies in more than 80 countries around the world. As the center for the company's global operations, Suntech headquarters, in Wuxi, China, features the world's largest building integrated solar facade.
Martin Andrew Green is an Australian engineer and professor at the University of New South Wales who works on solar energy. He was awarded the 2021 Japan Prize for his achievements in the "Development of High-Efficiency Silicon Photovoltaic Devices". He is editor-in-chief of the academic journal Progress in Photovoltaics.
Many countries and territories have installed significant solar power capacity into their electrical grids to supplement or provide an alternative to conventional energy sources. Solar power plants use one of two technologies:
Renewable energy commercialization involves the deployment of three generations of renewable energy technologies dating back more than 100 years. First-generation technologies, which are already mature and economically competitive, include biomass, hydroelectricity, geothermal power and heat. Second-generation technologies are market-ready and are being deployed at the present time; they include solar heating, photovoltaics, wind power, solar thermal power stations, and modern forms of bioenergy. Third-generation technologies require continued R&D efforts in order to make large contributions on a global scale and include advanced biomass gasification, hot-dry-rock geothermal power, and ocean energy. In 2019, nearly 75% of new installed electricity generation capacity used renewable energy and the International Energy Agency (IEA) has predicted that by 2025, renewable capacity will meet 35% of global power generation.
For solar power, South Asia has the ideal combination of both high solar insolation and a high density of potential customers.
Solar power accounted for an estimated 12.2% of electricity production in Germany in 2023, up from 1.9% in 2010 and less than 0.1% in 2000.
Solar power, also known as solar electricity, is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Solar panels use the photovoltaic effect to convert light into an electric current. Concentrated solar power systems use lenses or mirrors and solar tracking systems to focus a large area of sunlight to a hot spot, often to drive a steam turbine.
China is the largest market in the world for both photovoltaics and solar thermal energy. China's photovoltaic industry began by making panels for satellites, and transitioned to the manufacture of domestic panels in the late 1990s. After substantial government incentives were introduced in 2011, China's solar power market grew dramatically: the country became the world's leading installer of photovoltaics in 2013. China surpassed Germany as the world's largest producer of photovoltaic energy in 2015, and became the first country to have over 100 GW of total installed photovoltaic capacity in 2017. As of at least 2024, Chinese firms are the industry leaders in almost all of the key parts of the solar industry supply chain, including polysilicon, silicon wafers, batteries, and photovoltaic modules.
Solar power includes solar farms as well as local distributed generation, mostly on rooftops and increasingly from community solar arrays. In 2023, utility-scale solar power generated 164.5 terawatt-hours (TWh), or 3.9% of electricity in the United States. Total solar generation that year, including estimated small-scale photovoltaic generation, was 238 TWh.
The Faculty of Engineering is a constituent body of the University of New South Wales (UNSW), Australia. UNSW was formed on 1 July 1949, and the Faculty was established on 8 May 1950 with the inaugural meeting of the Faculty taking place on 7 June 1950. It was one of the first three University faculties which were established by Council, and was initially formed of four departments including Electrical Engineering, Mechanical Engineering, Civil Engineering and Mining Engineering, headed by Dean Professor Harold Brown.
Stuart Wenham was, at the time of his death, the director of the ARC Centre of Excellence in Advanced Silicon Photovoltaics and Photonics and Director of Academic Studies of the School of Photovoltaic and Renewable Energy Engineering at the University of New South Wales.
China Concepts Stock is a set of stock of companies whose assets or earnings have significant activities in mainland China. The People's Republic of China is undergoing major financial transformation, and many leading mainland-based companies have chosen to list themselves overseas to gain access to foreign investor capital. Currently, there are China Concepts Stocks listed on several major stock exchanges around the globe, including the Hong Kong Stock Exchange (HKEx), Singapore Exchange (SGX), New York Stock Exchange (NYSE), NASDAQ, NYSE MKT, London Stock Exchange (LSE), Euronext, and the Tokyo Stock Exchange (TSE).
Solar power in Japan has been expanding since the late 1990s. The country is a major manufacturer and exporter of photovoltaics (PV) and a large installer of domestic PV systems, with most of them grid connected.
Between 1992 and 2023, the worldwide usage of photovoltaics (PV) increased exponentially. During this period, it evolved from a niche market of small-scale applications to a mainstream electricity source. From 2016-2022 it has seen an annual capacity and production growth rate of around 26%- doubling approximately every three years.
The Mesquite Solar project is a 512.5-megawatt (MWAC) photovoltaic power plant in Arlington, Maricopa County, Arizona, owned by Sempra Generation and Consolidated Edison Development Inc. The first three phases of the project were constructed using more than 2.1 million crystalline silicon solar panels made by Suntech Power. Mesquite 4 and 5 added another 112.5 MW and 70 MW of battery storage.
Huang Ming is a Chinese solar energy researcher and entrepreneur. He established the solar water heater manufacturing company Himin Solar, which was central in the development of the Solar Valley in the city of Dezhou.
Photovoltaic and renewable energy engineering is an area of research, development, and demonstration in Australia. Two Australian Research Council Centres play a role.
The following outline is provided as an overview of and topical guide to solar energy:
The Shigatse Photovoltaic Power Plant is a solar power plant located 3 km northwest of Shigatse, the second largest city in Tibet, China. It was connected to the grid in July 2011.