On June 19, Hebei Huadian Leting 300MW PV Base Project PC EPC tender was launched. According to the tender announcement, the project is divided into three sections: A, B, and C. The project is planned to construct a 300MW PV power generation system, with a rated capacity of 300MW on the AC side and a rated capacity of 386.31384MWp on the DC side. A new 220kV booster station will be built, along with a self-built 45MW/180MWh energy storage system (ESS). The transmission line will be approximately 10 kilometers long.

[SMM Silicon-Based PV Morning Meeting Summary: Wafer Prices Continue to Decline, Solar Cell Supply Remains Tight] The market price of N-type 18X wafers is 0.88-0.92 yuan/piece, and the price of N-type 210RN wafers is 1.3-1.07 yuan/piece. The mainstream quotation for Topcon 183N solar cells (with 25% efficiency or higher) is 0.23-0.24 yuan/W; the mainstream transaction price for Topcon 210RN is 0.265 yuan/W, with a quotation range of 0.265-0.27 yuan/W; the price of Topcon 210N solar cells is around 0.255-0.26 yuan/W. The mainstream quotation for HJT 30% silver-coated copper (with 25% efficiency or higher) is 0.35-0.36 yuan/W.

[SMM Analysis: Despite High Aluminum Prices, New Orders for PV Extrusion Plants Remain Weak] This week, the operating rates of sample enterprises in the PV frame sector continued to diverge. Against the backdrop of high aluminum prices this week, the purchase sentiment of downstream module plants remained insufficient. Despite some leading PV frame extrusion enterprises in east China, southwest China, and Hebei maintaining operating rates similar to last week due to orders on hand, SMM learned that the operating rates of small and medium-sized PV frame extrusion enterprises in Henan and east China continued to decline, with orders on hand insufficient to last a week.

[SMM Analysis: Rapid Increase in New PV Glass Capacity Leads to Hidden Risks, Prompting Self-Rescue Actions by Enterprises After Price Decline] Starting from June, amidst the sharp drop in new order prices for PV glass, the number of cold repairs and blockages of enterprise kilns began to increase, marking the resumption of self-rescue actions within the industry. According to SMM statistics, since June alone, nearly 20 production lines in China have begun blockages, with one kiln undergoing cold repair. Additionally, two more glass enterprises are planning to implement blockages and reduce production, involving a capacity of nearly 7,000 mt/day, leading to a decrease in supply.

[SMM Weekly Review: Polysilicon Production Expected to Increase, Major PV Module Manufacturers Refuse to Budge on Prices] This week, the price index of N-type polysilicon was 34 yuan/kg, with N-type recharging polysilicon priced at 33-36 yuan/kg. Polysilicon prices continued to decline, with mainstream prices of mixed polysilicon dropping to around 33 yuan/kg. Influenced by polysilicon market conditions and their own costs, silicon ingot enterprises still maintained a mindset of driving down prices. Meanwhile, the inventory issues of polysilicon enterprises persisted, and two new production/resumption bases may be added in early July. Currently, the market perceives a high probability of an increase in subsequent polysilicon supply. The market will continue to monitor the production resumption situation in Inner Mongolia.

On June 17, Hunan Chendian New Energy Development Co., Ltd. issued a notice of bid cancellation for the first batch of PV module procurement in 2025. Due to the fact that there were fewer than three qualified bidders during the bid evaluation, the project was canceled in accordance with relevant legal provisions.

[SMM Silicon-Based PV Morning Meeting Summary: Significant Differentiation in Cell Prices, New Glass Order Prices Show Decline] The mainstream quotations for Topcon 183N solar cells (with efficiency of 25% and above) are 0.23-0.24 yuan/W; the mainstream transaction prices for Topcon 210RN are 0.265 yuan/W, with quotation ranges of 0.265-0.27 yuan/W; the prices for Topcon 210N solar cells are around 0.255-0.26 yuan/W. Among these, the prices for 210N/210RN are showing a downward trend due to the pressure from supply-demand balance; 183N prices are temporarily stable, with some manufacturers having implemented production cuts to control supply. The key to subsequent changes in mainstream prices lies in the trend of wafer prices.

Recently, the US residential solar industry may now be on the verge of collapse. Facing macroeconomic challenges and changes in state and federal policies, the US residential solar market is experiencing a sharp decline, and the latest draft of the "Build Back Better Act" has made the situation even worse. The latest draft of the Act is unfavorable to clean energy, particularly damaging to household PV, as it cuts federal tax credits much earlier than expected.

From May to the present, the national PV industry has witnessed a significant "project commencement boom." According to tracking data from Polaris Solar PV Network, PV projects with a total capacity exceeding 3.5 GW have commenced construction in a concentrated manner. From the perspective of project owners, China Huadian Corporation has the largest scale of commenced projects, reaching 1.8 GW. All projects are located in Sichuan, including the 1.2 GW Huadian Xinneng Zhongza PV Project, the 300,000 kW Phase II Gasidu PV Power Station Project in Jinchuan County, and the 300 MW Phase I Puxi PV Power Generation Project in Rangtang County, Aba Prefecture.