Shunfeng owed $220m in subsidies by Chinese government

First-half profits tumbled 68% at Shunfeng International Clean Energy, to 54.5m yuan ($8.2m), due to the problems piling up within China’s downstream solar market, including serious grid curtailment and delayed subsidy payments.

Shunfeng owed $220m in subsidies by Chinese government
Published 31 August 2016, 16:48Updated 25 October 2016, 16:02
Asia-Pacific