China’s Airlines, PV Firms Face Losses; California, Illinois Clean Energy Hit by Trump Subsidy Cuts

China's major airlines and leading photovoltaic (PV) companies are projected to continue experiencing losses in the first half of 2025 amid challenging market conditions. The Chinese solar industry is also reducing its presence in the U.S. following cuts to incentives under former President Donald Trump's administration. In the United States, California's wind and solar projects are encountering new federal obstacles due to changes in subsidy policies. Clean energy companies have appealed to California state leaders for assistance to advance their projects before the implementation of Trump's new tax and spending law, which is expected to increase costs and complicate project development. Illinois, which has invested heavily in solar energy to meet its climate goals, is similarly affected by these federal policy shifts.