Solar Glut Rains On Xinyi Energy's Profit Parade

Quick Summary:

Key Takeaways: Xinyi Energy said its net profit in the first half of the year fell by 25% to 35%

The solar farm operator is suffering in a climate of oversupply after a rapid buildup of solar farms in China By Lee Shih Ta

China has rapidly emerged as a solar star by building new sun-powered farms at a breakneck pace to become one of the world’s top producers of the clean energy source.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: The Bamboo Works

Category: Technology

Markets: United StatesChinaHong Kong

Topics: Benzinga XYIGY Contributors Asia General Energy Markets Tech XISHY

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 13:57:22 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1216 words

Reading Time: 7 minutes read

Sentences: 47 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21873273

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 35 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions