Hanwha Qcells to Build Largest U.S. Solar and ESS Project by 2028

Currently, mainstream spot quotes for PV-grade EVA resin are at 9,600-9,700 yuan/mt, with prices edging up. In July, several petrochemical companies carried out maintenance and production cuts on their EVA units, tightening the supply of PV-grade EVA raw material and providing a floor for spot prices. Traders actively raised their offers. However, on the demand side, downstream module growth fell short of expectations, and film factories maintained purchasing as needed, leaving the overall market in a state of weak supply and demand. This round of price increases is expected to be difficult to sustain. Going forward, it will be necessary to keep tracking the maintenance progress of various petrochemical units and plans to switch production to PV-grade EVA, in order to gauge the price direction of PV-grade EVA.

Recently, the Palmira III PV project in Colombia, built by PowerChina, obtained the final handover certificate from the owner, successfully completed the engineering construction and two-year operation and maintenance tasks, and achieved a full-cycle closed loop of construction, O&M, and handover. As the first PV power station built by PowerChina in Colombia to be completed with high quality and smoothly handed over, it has set a new benchmark in the Latin American green energy sector.

As of July 8, Xinjiang’s year-to-date green electricity trading volume reached 16.17 billion kWh, already doubling the total trading volume of the previous year. Of this, intra-provincial green electricity trading stood at 10.23 billion kWh, up 414% YoY, ranking first among the northwestern provinces and regions in trading scale; inter-provincial green electricity trading was 5.94 billion kWh, up 41% YoY. Both intra-provincial and inter-provincial green electricity trading scales hit a historical high for the same period.