[SMM PV News] EU Auctions and PPAs Drive 92 GW from 2022-2025

Waaree Energies has commenced construction on a 10 GW integrated solar ingot and wafer manufacturing facility in Nagpur, Maharashtra. Spanning 300 acres with an investment of roughly INR 62 billion, the project is billed as India's largest of its kind. The facility aims to strengthen the domestic upstream solar supply chain, reduce import reliance under the 'Atmanirbhar Bharat' vision, and generate over 8,000 jobs. This upstream expansion strategically complements Waaree's existing 22.3 GW module and 5.4 GW cell manufacturing capacities.

[SMM Silicon-Based PV Morning Meeting Summary: Module Prices Have Softened Somewhat, While Polysilicon Prices Remain Temporarily Stable] Recently, transaction prices for modules in China have softened somewhat. As demand outside China declines and domestic projects are at the point of being about to start, module enterprises have shown differing attitudes in their quotations. Some enterprises have begun offering concessions in advance to take orders, and distributors have also recently started shipments at low prices, thereby leading to a decline in the market transaction price center. At present, quoted prices for distributed Topcon183, 210R, and 210N high-efficiency modules are 0.752 Yuan/W, 0.767 Yuan/W, and 0.77 Yuan/W, respectively, while quoted prices for centralized Topcon182/183 and 210N high-efficiency modules are 0.727 Yuan/W and 0747 Yuan/W, respectively.

Bahrain's Electricity and Water Authority (EWA) has shortlisted Saudi Arabia's ACWA Power and UAE's Yellow Door Energy for a 100 MW solar plant in Bilaj Al Jazayer. Developed under a public-private partnership ('PPP') on a build-own-operate ('BOO') model, the project targets a commercial operation date of September 30, 2027. This initiative supports Bahrain's broader goals to reach 255 MW of solar capacity by 2025 and 700 MW of total renewable capacity by 2030, significantly expanding upon its modest 66 MW of installed PV at the end of 2024.