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China's Solar Boom Hits A Wall As Industry Losses Mount
Authored by Irina Slav via OilPrice.com,
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 first half of the year, compared with 212.2 GW a year earlier. Part of the decline was due to the rush to connect projects before China's June 1, 2025 electricity-pricing reform, which caused an extraordinary 2025 base.
"The full impact of policies requires a longer period for transmission and validation," JA Solar said, as quoted by Bloomberg. "In the short term, the actual effects of capacity reduction and consolidation have not yet fully emerged, and the industry as a whole still faces temporary and structural overcapacity issues."
Meanwhile, the U.S. tariff war on major trade partners affected demand for Chinese solar equipment abroad as well, adding to the pain for the industry leaders. Some of that pain was created by the government in Beijing, which canceled an export tax rebate for solar manufacturers in April.
"Trade barriers in overseas markets have been comprehensively upgraded, and traditional export channels are facing a reshaping," Jinko Solar said.
China's solar equipment exports declined by 21.4% last month from a year earlier, according to Chinese customs data, demonstrating the effect of local and foreign legislative changes.
Meanwhile, total solar power capacity in China is set to overtake the country's coal capacity, despite the slowdown in new additions. As of the end of June, solar power capacity stood at 1,274 gigawatts, just below the total coal-fired installed capacity of 1,275 GW.
By Irina Slav for Oilprice.com
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Milo Yiannopoulos Detained by ICE After Overstaying Visa, Faces Deportation
The Department of Homeland Security announced Friday that Immigration and Customs Enforcement agents arrested conservative political pundit Milo Yiannopoulos for overstaying his visa and that the British commentator will soon be deported from the United States back to Britain.
Federal agents took Yiannopoulos, a former Breitbart News editor, into custody Thursday at Louis Armstrong New Orleans International Airport in Kenner, Louisiana. Yiannopoulos legally entered the U.S. on May 14, 2019, then overstayed his visa. A federal immigration judge issued a final deportation order against him on July 22 after he failed to appear at the hearing. The British national remains in ICE custody pending removal to England.
Yiannopoulos was issued a final order of removal by an Immigration Judge on July 22, after failing to show up for his immigration hearing. He will remain in ICE custody pending removal.
— Homeland Security (@DHSgov) August 28, 2026"Being in detention is a choice. We encourage all illegal aliens to take control of their departure with the CBP [Customs and Border Protection] Home App," a DHS spokesperson said in a statement. "The United States is offering illegal aliens $3,000 and a free flight to self-deport now. We encourage every person here illegally to take advantage of this offer and reserve the chance to come back to the U.S. the right legal way to live the American dream. If not, you will be arrested and deported without a chance to return."
Yiannopoulos spent a decade as one of President Donald Trump's most ardent supporters. The pundit's run at Breitbart News ended in February 2017, when he resigned after livestream comments surfaced in which he appeared to condone sexual relationships between young boys and older men.
Yiannopoulos later interned for then-Rep. Marjorie Taylor Greene (R-GA) and worked with the superstar rapper Ye, formerly Kanye West, as his personal assistant. Ye is scheduled to perform at the Caesars Superdome in New Orleans on Friday night; it is unclear whether Yiannopoulos was in the state for the show. As recently as 2025, Yiannopoulos posted that California needed ICE checkpoints at supermarkets and "on the spot deportation for anyone who can't prove they are in the US legally."
Laura Loomer, who has feuded with Yiannopoulos for years, applauded the arrest, writing that she "was the first person to report on the fact that Milo was in the US illegally."
BREAKING: Illegal alien Milo Yiannopoulos has been detained by ICE.
I was the first person to report on the fact that Milo was in the US illegally where he incited violence against President Trump and worked for Marjorie Traitor Greene.
Recently, Candace Owens invited this illegal alien into her home. When Milo called for me to be assassinated, I reported him to ICE and the FBI. I told you all that Milo was an illegal alien. He was detained in Louisiana by @ICEgov.
Milo is going to be deported back to the UK where he can live among the Muslims he has recently chosen to embrace. Today is a great day for America.
Now the man who built a brand on hardline immigration politics is on the other side of the enforcement machine and facing deportation to the United Kingdom.
Tyler Durden Fri, 08/28/2026 - 18:00