A sweeping Republican-sponsored bill informally dubbed the "One Big Beautiful Bill Act" has cleared both chambers of Congress and now awaits President Donald Trump's signature. Once signed into law, it will repeal the Inflation Reduction Act (IRA), a cornerstone of former President Biden's climate and clean energy agenda, effectively marking the end of a short-lived era of generous federal subsidies for electric vehicles and renewable energy.
China's solar industry hit overdrive in May, with new installations surging to record highs as developers rushed to beat looming policy changes. According to the National Energy Administration, solar capacity additions reached a staggering 93GW, quadrupling the total from May 2024 and surpassing the previous record of 71GW set last December.
Shenzhen Xinhao Photoelectricity Technology said on June 22 that it had signed a Letter of Intent with Luxshare Precision Industry Co. to transfer full ownership of its photovoltaic subsidiary, Xinguang Energy Technology (Anhui) Co. The move is part of Xinhao's broader effort to streamline operations, exit underperforming PV assets, and refocus on core businesses such as glass protection panels and hybrid energy storage systems.
