[SMM PV News] Netherlands Generates 132 TWh in 2025

[SMM Silicon-Based PV Morning Meeting Summary] Silicon metal: Yesterday, SMM east China oxygen-blown #553 silicon was at 9,100-9,300 yuan/mt, and #441 silicon was at 9,300-9,600 yuan/mt, down 50 yuan/mt from the previous day. Yesterday, the futures market fluctuated rangebound near 8,600 yuan/mt and closed at 8,625 yuan/mt late in the session, down 45 yuan/mt from the previous close. Market and macro sentiment caused large fluctuations in futures prices, while downstream inquiries were subdued and transactions were mainly concluded for rigid demand orders. Silicon metal prices faced resistance on the upside and were supported by costs on the downside. Polysilicon: N-type recharging polysilicon was quoted at 44.7-53 yuan/kg. Polysilicon prices have fallen sharply recently, mainly affected by wafer price cuts and market sentiment. At present, some manufacturers continued to lower polysilicon prices, and some small-volume orders were concluded at relatively low market prices. Market sentiment remained bearish.

Data recently released by the Federal Statistical Office of Germany showed that Germany’s PV power generation in 2025 rose 17.4% YoY to 70.1 billion kWh, accounting for 16% of the country’s total power generation. Both the power generation volume and its share hit new highs since relevant statistics began in 2018. Germany’s PV power generation recorded YoY growth of more than 10% for two consecutive years.

Japan's 'Green Investment Promotion Organization' has concluded its 27th utility-scale solar auction, awarding 79 MW across 11 projects against an expected 196 MW. The selected PV facilities range from 72 kW to 29.9 MW. The final average price settled at JPY 4.61/kWh, well below the JPY 8.68/kWh ceiling. Notably, the lowest bid was JPY 0.0/kWh for a 400 kW project, which likely already secured a private corporate power purchase agreement ('PPA') and utilized the auction merely to secure grid connection. This procurement follows the 26th round, which allocated 75.3 MW.