[PV: Philippines to Launch GEA-7 Solar Auction with Mandatory Storage for Ground-Mounted Projects]

[SMM Silicon-Based PV Morning Meeting Minutes: Polysilicon Order Signing Increased Significantly, Module Prices Rose Slightly] Over the weekend, N-type recharging polysilicon was quoted at 34-36 yuan/kg. Weekend market prices remained temporarily stable. Currently, the market is approaching lows, and frequent meetings are being held, providing some support for prices. However, downstream players are resistant to high-priced resources, and wait-and-see sentiment has re-emerged in the market.

Scatec ASA has commissioned its largest project to date in Egypt – the $590 million Obelisk solar-plus-storage project. The project is financed with over 80% non-recourse debt ($479.1 million) from the European Bank for Reconstruction and Development, African Development Bank and British International Investment. The ownership structure includes Norfund and EDF Power Solutions, with Scatec retaining 60% economic interest and operational control. Phase one includes 561 MW of solar and a 100 MW/200 MWh BESS, backed by a 25-year USD-denominated PPA with Egyptian Electricity Transmission Company. A second 564 MW solar phase is scheduled for operation in summer 2026.

Italy installed 1,439 MW of new PV capacity in Q1 2026, according to Italia Solare. By March 31, the country had 2.22 million PV systems with a total installed capacity of 44.95 GW. The C&I segment (20 kW–1 MW) grew 24% year-on-year, adding 566 MW, while the residential sector declined 13% and utility-scale installations fell 9%. Lombardy remained the leading region with over 6 GW cumulative capacity and 266 MW added in Q1, followed by Veneto and Lazio. The association noted that installation levels remain below the 6–7 GW annual additions required to meet national solar expansion targets.