PV wafer prices were largely stable, inventory levels for first and second-tier companies rose significantly

India's Solarium Green Energy has commissioned a 1 GW fully automated solar module facility in Ahmedabad, Gujarat. Backed by an INR 900 million investment, the plant manufactures high-efficiency 'G12' modules up to 725 Wp using 'TOPCon', half-cut, and bifacial technologies. This move toward backward integration aims to secure Solarium's 'EPC' supply chain, boost margins, and potentially generate over INR 10 billion in annual revenue.

Japan's METI announced it will terminate its auction-based 'FIP' program for large-scale solar (>250 kW) and exclude 10-50 kW ground-mounted commercial solar from 'FIT' support after fiscal year 2026. However, residential (<10 kW) and roof-mounted commercial installations will continue to receive tiered 'FIT' support. The renewable energy levy for FY 2026 is set at JPY 4.18/kWh. Japan's recent 27th solar auction allocated 79 MW at an average of JPY 4.61/kWh.

Pakistan's energy transition is being drastically mismeasured due to unrecorded distributed solar deployments, reports think tank Renewables First. While official data shows only 6.8 GW of net-metering, estimates suggest the distributed market exceeded 24 GW by mid-2025. With total module imports now reaching 51.5 GW, this consumer-led 'quiet reorientation' could generate 1,730 TWh and save the country $180 billion in fossil fuel imports over the modules' lifetime, urging an immediate update to official energy accounting.