[SMM PV News] India SECI Auctions 1.2 GW Renewable-Storage Projects

Omani manufacturer United Solar Holding has commenced production at its polysilicon facility in the Sohar Freezone, targeting an annual capacity of 100,000 metric tons, which enough to support 40 GW of solar modules. The milestone follows the closure of a massive debt financing package in mid-January totaling over $900 million, split between a $480 million facility led by the International Finance Corporation (IFC) and over $400 million from local commercial banks. The project's largest shareholder, Future Fund Oman, has increased its stake to approximately $260 million.

Italy deployed 6,437 MW of new photovoltaic capacity in 2025, a 5% decrease from the 6.8 GW added in 2024, bringing the country's cumulative total to 43.5 GW. The overall decline was driven by a sharp 24% contraction in the residential sector and a slowdown in commercial installations. However, the utility-scale segment surged by 15%, connecting 3.4 GW of new capacity largely due to a wave of previously issued authorizations. This growth was heavily backloaded, with the final quarter alone accounting for 2.4 GW of the year's total, fueled significantly by projects larger than 10 MW.

[SMM Silicon-Based PV Morning Meeting Summary: Polysilicon Costs Redefined, Module Prices Temporarily Hold Steady] Over the weekend, the quoted price for N-type recharging polysilicon was 48.2-59 yuan/kg, the N-type polysilicon price index stood at 52.58 yuan/kg, and granular polysilicon was quoted at 49-51 yuan/kg. Polysilicon prices remained temporarily stable over the weekend, while the related cost verification results were released. It is understood that the full tax-inclusive cost of polysilicon may be set at 54.125 yuan/kg, and manufacturers might make minor adjustments based on their individual costs.