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In Depth: China’s Renewable Energy Boom Runs Into Market Reality

By Zhao Xuan
2026年08月07日 15:45
The end of guaranteed state tariffs has exposed wind and solar operators to volatile price swings and grid bottlenecks, forcing a reckoning in the world’s largest green power market

On July 2, China Resources New Energy Holdings Co. Ltd. (CRNE) pulled off the largest ever IPO on the Shenzhen Stock Exchange, with its shares soaring 137% on debut and briefly lifting the company’s market value above 300 billion yuan ($44 billion).

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