Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1675
    +0.0019 (+0.16%)
     
  • GBP/USD

    1.2489
    -0.0022 (-0.18%)
     
  • Bitcoin GBP

    50,911.80
    -894.93 (-1.73%)
     
  • CMC Crypto 200

    1,324.78
    -71.76 (-5.14%)
     
  • S&P 500

    5,109.70
    +61.28 (+1.21%)
     
  • DOW

    38,289.80
    +204.00 (+0.54%)
     
  • CRUDE OIL

    83.88
    +0.31 (+0.37%)
     
  • GOLD FUTURES

    2,345.70
    +3.20 (+0.14%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

China Puts an End to Solar Subsidies – First Solar Falls 7%

In a surprise move on Friday, June 1, China announced that it would no longer be granting subsidies to new solar projects, and those that are currently under construction will be reduced by 0.05 yuan per kilowatt-hour to 0.32 yuan per kilowatt-hour.