Latest Update in the SMM Solar Market

Recently, the central government has made frequent statements, solemnly pointing out the issues of overcapacity and disorderly competition in the PV industry, and explicitly calling for an acceleration in the exit of overcapacity from the market. In response to the policy direction, the polysilicon, wafer, and cell sectors have initiated coordinated price increases.

At the 11th edition of India Energy Storage Week (IESW) 2025, the Union Minister presented a comprehensive four-pronged strategy aimed at enhancing energy efficiency and advancing India’s clean energy ambitions.

On July 4, 2025 (U.S. Eastern Time), the One Big Beautiful Bill Act (OBBBA) was officially signed into law by President Trump. The OBBBA significantly tightens the PV subsidy provisions established under the 2022 Inflation Reduction Act (IRA).

The U.S. Treasury is set to tighten the definition of the “beginning of construction” for solar and wind projects eligible for Inflation Reduction Act (IRA) credits, following an executive order from Donald Trump.

Empresa de Infraestrutura e Obras de Niteroi (ION), a municipal company in Niteroi, Rio de Janeiro, has initiated a BRL 7.7 million (USD 1.4 million/EUR 1.2 million) solar park project. The project, named Encosta Verde no Morro do Boa Vista, will consist of 2,700 photovoltaic (PV) modules and is expected to be completed by the end of the year, according to an announcement by the Niteroi government.

British Solar Renewables (BSR) has entered a 15-year route-to-market power purchase agreement (PPA) with energy trading company ElectroRoute for 462 MWp of solar capacity across the UK.

NextPower UK ESG (NPUK), managed by NextEnergy Capital, has launched the 70-MW Inkersall and 60-MW Crifton solar parks in Nottinghamshire, UK, thereby increasing the fund's operational capacity to 318 MW.

In a significant development for Italy’s agrovoltaic sector, the Ministry of the Environment and Energy Security (MASE) has updated the ranking lists for allocating non-repayable grants geared towards developing agrovoltaic systems.

[SMM Weekly Review: PV-grade EVA Prices Decline Weakly, Film Prices Fall Under Pressure in July] This week, PV-grade EVA prices ranged from 9,500 to 9,700 yuan/mt, with mainstream prices for EVA film ranging from 12,000 to 12,300 yuan/mt, and prices for EPE film ranging from 13,000 to 13,200 yuan/mt.

[SMM Silicon-Based PV Morning Meeting Summary: Wafer Quotations Rise Significantly, Inventory Pressure for Solar Cells Increases at the Beginning of the Month] The market price for N-type 18X wafers is 1 yuan/piece, and the price for N-type 210RN wafers is 1.15 yuan/piece. Topcon 183N solar cells (with 25% efficiency or higher) are traded at 0.22-0.23 yuan/W; Topcon 210RN and 210N are traded at 0.24-0.25 yuan/W. HJT 30% silver-coated copper (with 25% efficiency or higher) has recently stabilized at 0.35-0.36 yuan/W.