[Solar: Paraguay launches tender for 140MW Loma Plata PV project]

Colombia’s system operator XM has completed its latest Firm Energy Obligations auction, awarding 4.07GW of new net effective capacity for the period from Dec. 1, 2029 to Nov. 30, 2030. Solar accounted for 1.55GW, alongside 246MW of wind and 2.28GW of thermal capacity. A total of 77 out of 85 participating plants secured allocations, including 29 solar projects. Although solar represented nearly 38% of newly awarded capacity, it accounted for only 7.7% of total firm energy allocated, reflecting Colombia’s reliability charge mechanism, which favors technologies with higher dispatch firmness. SMM believes solar is gaining a stronger role in Colombia’s capacity market, but storage, hybridization and improved dispatchability will be key to strengthening project revenue stability.

As the industry leader in PV film, First, in addition to its film business, achieved operating revenue of 818 million yuan in its electronic materials segment in 2025, up 13.73% YoY, with a gross margin of 20.70%. Its photosensitive dry film products are developing rapidly and have entered the supply chains of leading PCB enterprises in China, serving areas such as AI servers and forming a new growth driver.