[SMM PV News] European Power Prices Fall as Solar Sets March Records

On May 12, all four major PV module leaders had sold majority or full equity stakes in their US factories. Jinko Solar announced the sale of 75.1% equity in its US 2GW module factory for $191.5 million. At this point, the US capacity assets of all four major PV module leaders—Jinko, TrinaSolar, JA Solar Technology, and LONGi—had been fully disposed of, primarily in response to the provision in the US One Big Beautiful Bill Act (OBBBA) that foreign ownership must not exceed 25% to qualify for IRA tax credits.

On May 13, the installation project of the 180MW PV project in Wangmo County, Guizhou opened bids today. The labor subcontracting for the installation project of Gezhouba Mechanical and Electrical Company's Wangmo County Zhexiang PV power station project in Guizhou opened bids at 10:00 today. The project has a planned capacity of 150MW and an installation capacity of 180.18MWp, using 715Wp monocrystalline silicon bifacial double-glass modules throughout.

[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: N-type recharging polysilicon was quoted at 34-36.1 yuan/kg. Polysilicon prices were relatively stable overall, with extremely limited order signing in the market. Some crystal pulling plants showed low-price purchase willingness, but top-tier manufacturers still held the floor above 35 yuan. With cost setting imminent, manufacturers had a strong wait-and-see sentiment. Wafer: Market 18X wafer prices were 0.9-0.93 yuan/piece, 210RN wafer prices were 1.00-1.03 yuan/piece, and 210N wafer prices were 1.2-1.23 yuan/piece. Recently, a top-tier enterprise completed bulk transactions of 210R wafers at 1.02 yuan/piece. Currently, except for 210N, the other two sizes had already accepted the previous round of price increases, and subsequent trends would depend on downstream cell price movements.