[SMM PV] China's New PV Installations Reached 9.52 GW in April, Down 78.95% YoY

JinkoSolar signed a 500MW supply agreement for its high-efficiency Tiger Neo 3.0 modules with a key strategic distributor in South Korea, marking full entry into local C&I and residential distributed markets.

On May 25, international oil prices dropped sharply while precious metals rose sharply. Spot gold broke through $4,570/oz, up more than 1% intraday. Spot silver touched $78/oz, up more than 4%. Since 2026, the silver market has experienced a "roller coaster" trend: after surging to historic highs at the beginning of the year, it pulled back significantly and has since stayed high with wild swings. As the largest industrial demand sector for silver, PV has seen rising penetration rates of high-efficiency cells (TOPCon/HJT/BC) drive up per-unit silver consumption, and the surge in silver prices has become a core cost pressure for PV modules.

San Marino’s public utility AASS has launched a call for expressions of interest to acquire companies holding ground-mounted PV assets in San Marino or Italy, aiming to improve energy security and reduce reliance on imported electricity. Eligible projects may be operating, under construction or ready to build, but must be commissioned by Dec. 31, 2026, with a maximum value of EUR 15 million per project. Battery storage can be included, but standalone storage projects are not eligible. SMM believes the move reflects growing efforts by smaller European economies to use domestic and cross-border renewable investments to strengthen energy security and long-term power price stability.