China’s Solar Boom Hits a Wall as Industry Losses Mount

Three of China’s top solar market players reported deepening losses over the first half of the year, reflecting weakening demand for solar in the world’s top manufacturer and generator. Jinko Solar, JA Solar Technology, and Tongwei all reported six-month losses as overcapacity in the sector meets weakening demand, not only at home but also abroad, Bloomberg reported, citing statements made by the companies at their financial results releases. The report noted new solar power capacity additions in China had shrunk to 72.07 GW over the…