As China’s renewable energy boom enters a phase of severe overproduction, dozens of state-owned enterprises are rushing to sell stakes in solar, wind, and energy storage projects, highlighting the growing costs of years of state-driven expansion.
The sell-off reflects a trend in China’s economic planning—state-backed companies pour into government-favored sectors, rapidly expand capacity, and eventually leave behind oversupply, collapsing prices, and mounting financial losses.
Thirty-seven equity transactions involving renewable energy companies were recorded during the first half of 2026, according to Chinese state-controlled news Sina Finance on June 16. State-owned entities accounted for roughly 65 percent of the sellers, while about 60 percent of the deals involved transfers of controlling stakes….
China’s State Firms Dump Renewable Energy Assets as Industry Overcapacity Deepens
