[SMM PV News] The 100 MW PV power generation project in Donghuwei Township, Leiyang City, Hunan Province successfully completed reverse power transmission.

Recently, the winning bid result for the engineering, procurement, and construction (EPC) project of the PV power generation works of Sinopec Longkou Liquefied Natural Gas (LNG) Project was announced. The bid winner is Bangrun (Shandong) Planning and Design Co., Ltd., with a winning bid amount of 3,899,570.7 yuan, equivalent to a unit price of approximately 2.67 Yuan/W. The bid inviter for this project is Sinopec Yantai Longkou LNG Co., Ltd., and the project is located in Longkou City, Yantai City. It is reported that this project is the EPC project for the PV power generation works of Sinopec Longkou LNG Project. The PV power generation works of Sinopec Longkou LNG Project include the construction of one new distributed PV power generation system (with a minimum installed total capacity of 1,458.24 kWp, using 620 Wp monocrystalline silicon cells for the PV modules), one new box-type transformer, six new AC slow charging piles, as well as supporting cables, civil works, and video monitoring. The scope covers integrated design (including construction drawing design, non-standard design, and as-built drawing preparation), material procurement, engineering construction, and engineering warranty; cooperation in completing final acceptance; and assistance to the bid inviter in completing grid connection, detection, and other related work. This project is divided into one section.

Recently, the "Three-Year Action Plan for Energy Conservation and Carbon Reduction in Key Industries of Guangdong Province" was issued. It proposes to orderly increase the proportion of renewable energy use in the cement industry, encourage cement enterprises to promote the integrated development and operation of distributed PV, distributed wind power, and diversified energy storage, and advance efficient utilization models such as waste heat and pressure power generation and heat supply. To address issues such as lagging updates of standards for new products and processes in traditional industries and incomplete standards in emerging industries, the plan calls for accelerating the formulation and release of standards and specifications in sectors including high-energy-consuming industries such as chemicals, PV equipment manufacturing, and data centers.

[SMM Analysis: PV Glass Prices Continue to Rise in October, with Demand-Side Constraints Emerging] Since August, PV glass prices have ended a half-year-long grind lower and entered a continuous upward trajectory: the average price of 3.2mm double-layer coated glass rose from 16.6 yuan/m² on August 3 to 17.3 yuan/m² on September 29, a cumulative increase of 0.7 yuan/m² (+4.2%); the average price of 2.0mm double-layer coated glass rose from 10.15 yuan/m² to 11.25 yuan/m² over the same period, a cumulative increase of 1.1 yuan/m² (+10.8%). In tandem with the price rise, industry days of inventories have been continuously declining to below 40 days, a decrease of 17.2%, as supply and demand transition from "deep oversupply" to "rebalancing." Looking ahead to October, supported by three factors—operating capacity contracting by over 20% from highs with rigid production resumption constraints from cold repairs remaining in place, continued inventory drawdown, and the Q4 installation peak season—SMM expects glass prices to be unlikely to fall, but the upside is also strongly constrained by downstream purchasing.