[SMM PV News] United Solar Secures $900 Million Debt for Middle East’s Largest Polysilicon Plant in Oman

Greece’s Ministry of Environment and Energy is proposing reforms covering the development, installation and grid connection of renewable energy systems for self-consumption. The draft would allow balcony PV systems of up to 800W for the first time, though they would not be permitted to inject electricity into the grid and would need to meet safety requirements. The reforms also include standalone residential battery storage for self-consumption, collective self-consumption in apartments and residential complexes, and third-party development of self-consumption systems on behalf of consumers. Greece also plans to accelerate smart meter deployment and create an electronic self-consumption registry. More than 37,400 self-consumption systems totaling around 1.07GW have been commissioned in Greece since 2020.

AleaSoft Energy Forecasting said weekly average electricity prices increased across major European power markets last week, including Belgium, Britain, the Netherlands, France, Germany, Italy, the Nordic region, Portugal and Spain. Apart from the Nordic market, where the weekly average reached EUR 57.36/MWh, all markets exceeded EUR 110/MWh. Italy recorded the highest average at EUR 161.23/MWh, followed by the Netherlands at EUR 131.47/MWh. AleaSoft said rising TTF gas prices, higher CO2 allowance prices, and lower solar and wind generation in several markets pushed electricity prices higher.

[SMM Silicon-Based PV Morning Meeting Minutes: Cell Inventory Pulls Back Slightly; EVA Resin Rally Continues] Currently, the mainstream transaction price range for China's PV-grade EVA resin spot cargo is 9,800-9,900 yuan/mt, with the market continuing its upward trend. In July, due to maintenance shutdowns at some plants and adjustments to petrochemical plants' PV-grade material production schedules, the effective supply of PV-grade EVA continued to shrink. Combined with downstream film manufacturers' purchases driven by rigid demand, the circulating market supply became tight, and the tight supply-demand situation pushed EVA resin prices higher continuously. In the month, no other petrochemical plants are expected to plan a large-scale switch to PV-grade material production, which would bring substantial incremental supply. Thus, the price rally for PV-grade EVA is likely to continue in the short term.