[SMM PV News] European Power Prices Fall as Solar Sets March Records

From September 21, 2026 to September 27, 2026, SMM statistics show that enterprises in China won bids for a total of 41 PV module projects, with an average winning bid price of 0.71 yuan/W. The total awarded procurement capacity was 1,291.42 MW, a decrease of 4,153.02 MW compared with the previous statistical period.

Kolaka Nickel is advancing a 20 MWp solar project paired with a 20 MW/30 MWh battery system in Southeast Sulawesi, Indonesia, to supply self-generated clean electricity to an operating nickel-industry site. The project secured non-recourse financing from three banks in January 2026 and has now moved into equipment supply and implementation, with the module order in place. The development embeds solar-plus-storage directly into an energy-intensive industrial load, highlighting growing use of project finance to reduce power costs and emissions intensity across Southeast Asian mining operations.

Germany's net solar generation reached 90.2 TWh by September 27, already exceeding the roughly 90.0 TWh produced during all of 2025 and setting a new annual record before the fourth quarter. The increase reflects both continued capacity additions and favourable sunshine conditions, while the concentration of output around midday further raises the need for grid flexibility, storage and demand response. The milestone shows that Germany's solar supply base is still expanding rapidly, shifting more market attention toward curtailment, negative-price exposure and storage revenue mechanisms.