Renewable energy will overtake coal to become the world’s top source of electricity “by 2026 at the latest”, according to new forecasts from the International Energy Agency (IEA).

[SMM Silicon-Based PV Morning Meeting Summary: Polysilicon Transactions Gradually Unfolding with Prices Rising, While Module Prices Pull Back in the Opposite Direction] Over the weekend, the quoted price for N-type recharging polysilicon was 45-49 yuan/kg, with the N-type polysilicon price index at 45.9 yuan/kg, and the quoted price for granular polysilicon at 43-46 yuan/kg. Polysilicon quotes remained stable over the weekend, with market transactions gradually recovering. Crystal pulling plants are gradually accepting the current quotes, although there is still resistance to the high prices. The center of transactions has already surpassed 45 yuan/kg.

Sungrow and Sunotec have agreed to deploy 2.4 GWh of battery energy storage systems (BESS) for solar projects across Europe.

Nextracker is advancing its technology by focusing on artificial intelligence (AI) and robotics to improve the development and operation of large-scale solar plants. The company has invested over $40 million in the past year to acquire three key technologies.

An investor asked on the investor interaction platform: How competitive are your company's RTF-3 and MVLP-4 copper foil products in the market? Have orders increased?

[SMM Silicon-Based PV Morning Meeting Summary] Polysilicon: Yesterday, the quoted price for N-type recharging polysilicon was 44-49 yuan/kg, and for granular polysilicon, it was 43-46 yuan/kg. Market quotes remained stable for the time being. On July 30, polysilicon enterprises gathered again to discuss capacity acquisition matters. The general direction of supply-side reform has been determined, but the final list has not yet been finalized and may require further discussion. Silicon Metal: Yesterday, the price of SMM east China oxygen-blown #553 silicon was 9,700-9,800 yuan/mt, and #441 silicon was 9,900-10,100 yuan/mt. Affected by the significant price fluctuations in the futures market, the difference between the high and low quotes of silicon suppliers within the day exceeded 400 yuan/mt. With strong capital gaming sentiment, market prices fluctuated considerably, and downstream users purchased as needed.

Iberdrola and Echelon Data Centres have formed a joint venture to develop data centers in Spain. The partnership will see Echelon hold 80% ownership and Iberdrola 20% through subsidiary CPD4Green.

Spain's Ecological Transition Ministry plans to launch a EUR 480 million (USD 558.3 million) subsidy program to support domestic manufacturing of clean energy technologies. The draft program terms are open for public consultation until September 8.