China's National Energy Administration reported that solar power capacity reached 1,286 GW by July 31, surpassing coal as the largest electricity capacity source in the country.
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Longi Green Energy Technology Co., a Chinese solar giant, reported a deeper net loss in the first half of the year, indicating worsening financial performance in the solar sector.
Chinese solar and battery stocks rose after Beijing introduced a consumption tax on solar cells and lithium batteries, potentially accelerating industry consolidation.
China's solar industry has launched a space alliance to explore new growth opportunities, potentially mitigating the impact of terrestrial overcapacity.
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