At the 2025 SMM Zero Carbon Pathway - PV and ESS Summit hosted by SMM, Mao Tingting, a senior analyst in the SMM PV industry, shared insights on the topic of "Global PV Module Market Supply and Demand Outlook." She stated that SMM expects global new PV installations to range between 475 GW and 495 GW by 2025, with the annual growth rate declining to -1% to 3%. The period from 2024 to 2026 is expected to be a destocking cycle for China's PV module market. As companies adjust their operating rates, accelerate the phase-out of outdated production lines, and the government strongly stimulates demand, it is anticipated that the supply-demand pattern in China's PV module market will improve by the second half of 2026. By 2027, the market structure will gradually become clearer, with dual growth in domestic consumption and overseas export demand driving a significant increase in China's PV module supply, potentially leading to inventory buildup throughout the year.

On April 28, the National Energy Administration (NEA) held a press conference, where Deputy Director General Pan Huimin introduced the grid connection and operation status of renewable energy in Q1. Since the beginning of this year, the NEA has thoroughly implemented the guiding principles of the 20th CPC National Congress and the second and third plenary sessions of the 20th CPC Central Committee. Focused on achieving carbon peak and carbon neutrality goals, the NEA has coordinated energy security supply with green and low-carbon development, sparing no effort to propel the development of renewable energy to new heights.

【SMM Silicon-based PV Morning Meeting Summary: Silicon Metal Prices Remain Weak, Module Production Schedule for May Expected to Decline】 Recently, several integrated enterprises have finalized their production schedules for May, with most enterprises planning production cuts. It is expected that module scheduled production in May may decrease significantly.

On April 25, the winning candidates for the China National Nuclear Corporation's (CNNC) 2025-2026 centralized procurement project for Tier 1 PV module equipment and the CNNC's 2025-2027 centralized procurement project for Tier 1 inverter equipment were announced. According to informed sources, the scale of this centralized procurement for PV modules is 29 GW.

On April 25, the Development and Reform Commission of Wuzhong City, Ningxia, issued a public announcement regarding the selected projects for the competitive allocation of guaranteed grid-connected new energy projects in Wuzhong City for 2025. According to the public announcement, a total of 29 projects were selected for the competitive allocation of guaranteed grid-connected new energy projects in Wuzhong City for 2025, all of which are PV projects, with a total declared capacity of 16.1 GW and a proposed capacity allocation of 6 GW.