[SMM PV Flash] Xinjiang's 2027 Mechanism Electricity Price Bidding Announcement: PV 0.259 yuan/kWh

Recently, both the new energy generation power and PV generation power of Ningxia power grid set new records, reaching 30.55 million kW and 29.28 million kW respectively, both hitting all-time highs. Specifically, the PV generation power has exceeded the peak for three consecutive days, while the new energy generation power has broken records for two consecutive days, surpassing the 30-million-kW milestone for the first time. This marks a new level for Ningxia power grid in its capabilities for new energy grid connection, consumption, dispatch, and operation.

Recently, a 93 MW PV power station in Romania was successfully completed and connected to the grid. Chint Power Supply provided an integrated overall PV system solution for the project, covering core equipment such as inverters and box transformers, as well as supporting professional technical services.

Recently, escalating US-Iran geopolitical tensions have boosted international oil prices. However, there is a time lag in the transmission from crude oil to ethylene and vinyl acetate, so in the short term, it has not significantly impacted PV-grade EVA resin prices. If the conflict continues to escalate, rising raw material costs may provide further support to EVA prices.