China

1. Policy Title: Notice on Improving the Pricing Mechanism to Promote Local Consumption of New Energy Generation Release Date: 2025-09-09 (Effective from 2025-10-01) Key Points: Clarifies the pricing mechanism and market-based settlement rules for "local consumption" of new energy generation, promotes the combination of self-generation and self-consumption with surplus electricity fed into the grid, and reduces the risk of curtailment of PV power generation. Explanation: The National Development and Reform Commission (NDRC) and the National Energy Administration jointly issued this notice, requiring new energy projects to prioritize local consumption. It specifies the proportion arrangement for "self-generation and self-consumption, surplus electricity fed into the grid" and the cost-sharing mechanism, while strengthening the connection with the spot market and ancillary services market. The document emphasizes that by establishing a more reasonable pricing mechanism and incentives/constraints, administrative intervention will be gradually reduced, promoting entities like PV and other new energy generation sources to enter market-based trading. This will facilitate the local consumption of distributed PV projects and large base projects, alleviate cross-regional transmission pressure, optimize grid dispatch, and enhance system operational security.

2. Policy Title: The Ninth Batch Renewable Energy Generation Subsidy Project List Release Date: 2025-09-18 Key Points: Announces a new batch of renewable energy projects eligible for central government fiscal subsidies, involving PV, wind power, etc. Explanation: Fiscal subsidies are an important support measure for China's new energy industry. The release of this ninth batch subsidy project list further clarifies which PV projects are eligible for subsidies. Being included in the list means greater certainty in capital recovery and financial financing for the projects. Although subsidies have been gradually phased down in recent years, the release of this list still demonstrates policy continuity from the central level for some projects, helping to boost investor confidence. It particularly has a positive effect on the construction progress and grid connection implementation of large base PV projects in central and western regions, as well as some distributed PV projects.

Europe (EU)

1. Policy Title: CINEA / CEF Energy Fifth Round of Cross-Border Renewable Energy Funding (Call and Funding Decision) Release Date: 2025-09-02 (Call Launch); 2025-09-22 (Funding Decision) Key Points: The EU funds cross-border transmission and clean energy projects like PV through the CEF-Energy mechanism, strengthening power interconnections among member states. Explanation: The European Climate, Infrastructure and Environment Executive Agency (CINEA) launched and announced the fifth round Cross-Border Renewable Energy (CB-RES) funding call in September, followed by the announcement of the funding decision on the 22nd. This program provides financial support through the CEF-Energy mechanism for PV power plants and associated transmission facilities involving multi-country interconnections, promoting the integration of the EU's internal electricity market. The goal of such cross-border projects is to alleviate regional power imbalances, enhance the cross-border dispatch capability of large-scale PV generation, increase the proportion of renewable energy consumption within Europe's overall power grid, and lay the foundation for achieving the 2030 carbon neutrality goal.

US

1. Policy Title: Department of Energy (DOE) Clean Energy Funding Recovery PlanRelease Date: September 24, 2025 Key Points: The DOE plans to cancel or reclaim over $13 billion in unused clean energy grants, affecting PV and ESS projects. Explanation: In September, the US Department of Energy (DOE) announced it would review and reclaim more than $13 billion in unused or slow-moving clean energy funds. This decision involves projects such as PV, wind power, and ESS, meaning some enterprises or institutions originally relying on government funding will need to seek alternative financing channels. This move is seen as a signal of fiscal tightening, which may impact certain investment plans in the PV industry in the short term. However, in the long run, it could help improve resource allocation efficiency and prevent funds from being tied up in inefficient projects. For the industry, this is a significant policy adjustment that may prompt developers to accelerate the progress of ongoing projects.

2. Policy Name: New Guidance on ITC "Safe Harbor" by the Treasury Department/IRS Release Date: September 2025 Key Points: Tightening the criteria for determining when renewable energy projects "begin construction," affecting PV projects' eligibility for the Investment Tax Credit (ITC). Explanation: In September, multiple industry reports indicated that the US Treasury Department and the Internal Revenue Service (IRS) issued new guidance on the "begin construction" conditions, directly impacting PV projects' eligibility for the ITC. The new interpretation is stricter, requiring projects to meet higher standards in equipment procurement and construction initiation to secure the tax credit. This will have practical implications for project financing, construction schedules, and equipment supply chain arrangements, particularly for PV power plants in early planning stages, which may need to advance more physical work or contractual terms. Although the full official regulatory text has not yet been released, this development has already garnered widespread industry attention.

India

1. Policy Name: ALMM (Approved List of Models and Manufacturers) Revision Announcement (First Amendment) Release Date: September 23, 2025 Key Points: Updates the ALMM list for solar cells, affecting government projects and subsidy eligibility, strengthening localization requirements. Explanation: In September, India’s Ministry of New and Renewable Energy (MNRE) officially released a revision to the ALMM, adding and updating the list of approved manufacturers for solar cells. This list is a critical threshold determining whether PV products can participate in central government-led projects and access subsidies and policy support. The revision further enhances the market competitiveness of domestic manufacturers in India while restricting entry channels for some overseas suppliers. This policy aligns with India’s strategic goal in recent years of promoting local manufacturing and reducing import dependence, while also impacting the international supply landscape of the PV industry chain.

2. Policy Name: Anti-Dumping Investigation on Solar Encapsulation Materials and Import Monitoring System Plan (Media Reports)Release Date: September 2025 (Media Disclosure) Key Points: India initiates anti-dumping investigations on certain encapsulation materials and plans to establish a solar equipment import monitoring system. Description: According to Indian media reports, the Directorate General of Trade Remedies (DGTR) launched anti-dumping investigations in September on solar encapsulation materials imported from China, South Korea, Vietnam, and Thailand, aiming to protect the domestic industry from low-priced imports. Simultaneously, the Indian government is planning to establish an import monitoring system to track and control equipment such as solar cells and modules. This will raise the compliance threshold for overseas producers entering the Indian market, potentially increasing import costs and driving more manufacturing segments toward localization. The measure is still in the media disclosure stage but has already generated expected impacts on the industry chain.

Southeast Asia

1. Policy Name: Revision of the Philippines' Net Metering Rules (Energy Regulatory Commission ERC) Release Date: September 2025 Key Points: Revises the net metering mechanism, simplifies grid connection procedures, and expands participation of distributed PV users. Description: The Energy Regulatory Commission (ERC) of the Philippines issued new net metering rules in September, further relaxing the conditions for PV users to connect to the power grid and optimizing the settlement mechanism. This adjustment aims to increase the adoption of distributed PV and encourage residential and commercial users to install rooftop PV systems. By streamlining the grid connection process, users can connect to the grid more quickly and enjoy electricity price credits, helping to alleviate the tight power supply in the Philippines and promote the transformation of the energy structure. The policy is also regarded as a key measure for the country to achieve its renewable energy development goals.

2. Policy Name: Vietnam's Energy Planning and Direct Power Purchase (DPP) and ESS Incentive Policy Discussions Release Date: September 2025 (National-Level Discussion / Interpretation) Key Points: The Vietnamese government promotes the DPP policy framework and ESS incentives to optimize large-scale PV integration. Description: In September, the Vietnamese government and energy authorities held discussions on energy planning, focusing on establishing a Direct Power Purchase (DPP) mechanism and ESS incentives. DPP will allow large industrial users to purchase electricity directly from renewable energy power plants, reducing reliance on traditional grid dispatch while increasing the market-based integration rate of PV power generation. The government also proposed encouraging the integration of ESS in large-scale PV projects to improve the stability of the power system. These policy directions indicate that Vietnam is actively seeking to balance new energy integration with grid security, though specific implementation details are still under review.