[SMM PV News] California Court Upholds NEM 3.0

In accordance with the *Notice of the National Energy Administration on Matters Related to the Development and Construction of Wind Power and Photovoltaic Power Generation in 2021* (Guo Neng Fa Xin Neng [2021] No. 25), in order to guide rational investment and orderly construction in the new energy sector, the new energy grid connection and consumption status of each provincial-level region for March 2026 is hereby published as follows.

EVA prices have recently fluctuated and pulled back, mainly under the dual pressure of weakening crude oil dragging down costs and sluggish downstream procurement demand. Although the US and Iran are in the negotiation phase, on May 8 local time, US forces again struck two Iranian tankers. The Iranian military warned that if the US continues to interfere with Iranian vessels in the relevant areas, the conflict risks escalating again. With recurring geopolitical maneuvering in the Middle East, the risk of crude oil price fluctuations remains high and the trend carries significant uncertainty, making changes on the EVA cost side still difficult to predict, and wait-and-see sentiment in the market is strong.

The international academic journal *Nature* published online a breakthrough achievement by Chinese scientists in the field of normal-structure perovskite solar cells — the photoelectric conversion efficiency exceeded 27% for the first time. This research is expected to provide technical support for highly stable and scalable perovskite PV modules.