Against the background of geo-economic restructuring and transformation of Eurasian land logistics chain, the railway departments of six countries, including Uzbekistan, Kazakhstan, Turkmenistan, Turkey, Iran and China, recently reached an agreement on railway transport tariffs in Tehran. This agreement not only injects institutional dividends into the development of the East-Central Line of the China-Europe Corridor, but also heralds the entry of the regional logistics coordination mechanism into a new stage.   Multilateral railway tariff agreement reached in Tehran At the multilateral railway conference held in Tehran, representatives of the railway departments of the six countries negotiated on the freight rates of the China-Kazakhstan-Uzbekistan-Turkmenistan-Iran-Turkey/Europe railway corridor. And finally approved a unified and coordinated competitive tariff plan. In addition to tariffs, the parties also reached an agreement on transportation timeliness standards, process simplification and service coordination, providing a policy basis for achieving efficient cross-border transportation. This railway corridor is the "East-Central Line" of land transportation between China and Europe. In recent years, it has been highly valued due to multiple international factors. Compared with the traditional Russian meridian, this corridor avoids geopolitically sensitive areas and has stronger traffic certainty and institutional flexibility. Kazakhstan data shows that in the first four months of 2025, the volume of container transportation from China to Iran through this corridor increased by 2.6 times year-on-year, reflecting the rapid increase in market acceptance of this route.   The six countries work together to release the dividend of interconnection The unified tariff mechanism reached this time is another milestone for the countries along the route to promote infrastructure interconnection and coordinated development of logistics. Especially driven by the "Belt and Road" initiative and the regional integration strategy of Central Asian countries, relevant railway operating companies are accelerating investment in modern freight stations and promoting the deployment of digital customs declaration platforms to meet the needs of more efficient channel operation. It is expected that the corridor will gradually become a strategic pillar in the China-Europe land transportation system. From coordinating freight rates to unifying service standards, the Tehran meeting marks that the "East-Central Line" is moving from path selection to institutional construction, reflecting the diversification and efficiency trend of the Eurasian Continental Bridge. The coordinated efforts of the six countries are pushing this corridor out of a new track driven by rules and efficiency.

On May 16, the official website of the China Securities Regulatory Commission showed that the registration application for the initial public offering of shares by Huadian New Energy Group Co., Ltd. was approved by the China Securities Regulatory Commission and will be issued and listed on the main board of the Shanghai Stock Exchange.   Huadian New Energy is the only platform for the final integration of China Huadian's new energy business, mainly wind power generation and solar power generation. The company's main business is the development, investment and operation of new energy projects mainly wind power generation and solar power generation.   According to the prospectus, Huadian New Energy plans to build a wind power generation and solar power generation capacity of 15.1655 million kilowatts, covering 23 provinces (autonomous regions and municipalities) across the country, with a total investment amount of 80.446 billion yuan, far exceeding the scale of 18 billion yuan in raised funds. Huadian New Energy stated that if the actual net amount of funds raised cannot meet the investment needs of the raised projects, the gap will be solved by the company's self-financing.

After more than a decade of conflict and international sanctions, Syria's power system is on the verge of collapse. However, the variables that have emerged in the recent political and economic landscape - especially the expectation that US President Trump will visit Saudi Arabia on the 13th to announce the lifting of sanctions on Syria, and the active regional "power diplomacy" - are injecting hope of recovery into this extremely energy-deficient country. In the grand narrative of national reconstruction, solar energy and its supporting energy storage systems are ushering in an unprecedented development opportunity with their rapid deployment, distributed characteristics and cost-effectiveness. Power crisis: data and latest developments under the grim reality According to a statement by Syrian Minister of Electricity Omar Shaqrouq in early 2025, the current power generation is far from meeting demand, and it is expected to take three years to return to the level before 2010 (about 6,500 megawatts to ensure all-weather power supply), and the long-term goal is to reach an installed capacity of 12,000 megawatts by 2030. The core reasons are persistent fuel shortages and extensive damage to power plants and transmission networks. International sanctions (especially financial sanctions) have long hindered the import of key components and international financing, making it difficult to carry out necessary repairs and upgrades. Extreme power shortages and recent accidents Reports by the Associated Press, NPR, AI Maialla and other media in the first quarter of 2025 pointed out that most areas can only get 2 to 4 hours of national power supply per day, and some areas are slightly better or worse. The supply is extremely unstable and many communities are plunged into darkness at night. On April 2, 2025, a nationwide blackout caused by a technical failure of the national power grid once again exposed the extreme vulnerability of the power grid. Although the interim government led by Ahmed al-Sharaa promised to improve power supply, the actual effect was limited. The people were disappointed with the unfulfilled promises, and basic services in some areas were even worse than before. Dependence on alternative energy and high costs People and businesses generally rely on expensive private generators to maintain basic electricity. Solar energy combined with energy storage batteries has become an alternative option for those who can afford it. The price of a lithium battery energy storage system ranges from $1,500 to $3,000. The dawn of a breakthrough: expectations of sanctions adjustment and the new pattern of "electricity diplomacy" "Electricity diplomacy" is becoming a new dimension of interaction between Syria and its neighbors-regional cooperation agreement Qatar In March 2025, an initiative was launched to transport natural gas to Syria through Jordan, with the goal of generating 400 megawatts of electricity at the Deir Ali power plant in southern Damascu...

According to the latest quotation from TrendForce New Energy Research Center on May 7, silicon material prices have fallen overall. The mainstream transaction price of N-type re-invested materials fell to 39 yuan/KG; the mainstream transaction price of N-type dense materials was 37 yuan/KG; the quotation of N-type granular silicon dropped from 36 yuan/KG to 35.5 yuan/KG, a drop of 1.39%.   This week, the latest RMB price of N-type 182 monocrystalline silicon wafers was 1.02 yuan/piece, a drop of 2.86% compared with 1.05 yuan/piece last week; the RMB price of N-type 210 monocrystalline silicon wafers fell from 1.4 yuan/piece to 1.32 yuan/piece, a change of more than 5%; the quotation of N-type 210R monocrystalline silicon wafers stabilized at 1.15 yuan/piece.   The RMB price of M10 monocrystalline TOPCon cells is 0.265 yuan/W; the RMB price of G12 monocrystalline TOPCon cells is 0.28 yuan/W; the transaction price of G12R monocrystalline TOPCon cells fell to 0.265 yuan/W, a decrease of 1.85%.   The RMB price of 182 monofacial monocrystalline PERC modules is 0.69 yuan/W; the mainstream transaction price of 210 monofacial monocrystalline PERC modules is 0.7 yuan/W; the transaction price of 182 bifacial double-glass monocrystalline PERC modules is 0.7 yuan/W; the mainstream transaction price of 210 bifacial double-glass monocrystalline PERC modules is 0.71 yuan/W. The prices of 182mm TOPCon bifacial double-glass modules and 210mm HJT bifacial double-glass modules are 0.72 yuan/W and 0.86 yuan/W respectively.   This week, the price of 182-210mm TOPCon modules for centralized projects in China remained at 0.69 yuan/W; the price of 182-210mm TOPCon modules for distributed projects dropped to 0.67 yuan/W, a decrease of 1.47% from the previous 0.68 yuan/W.   The price of 2.0mm coated photovoltaic glass is 13.5 yuan/㎡; the latest quotation of 3.2mm coated photovoltaic glass is still 22.5 yuan/㎡; the price of 2.0 mm backplane glass is 12.5 yuan/㎡.

SunPower, once one of the largest photovoltaic companies in the United States, will soon be taken over and restarted by Complete Solaria after filing for bankruptcy in 2024.   Complete Solar will be renamed SunPower   TJ Rodgers, chairman and CEO of Complete Solar, the company behind the Complete Solaria brand, recently announced: "We will finally use the SunPower brand name, allowing our shareholders to benefit from this oldest and most well-known photovoltaic brand in Silicon Valley, which was founded in 1985. We are in the process of officially changing the company name to SunPower and changing the Nasdaq stock code to SPWR." Currently, Complete Solar's stock code on Nasdaq is CSLR.   SunPower Corporation focused on the residential photovoltaic market in the early days, but it struggled under the impact of the high-interest-rate environment. The company announced a cost-cutting plan in 2023, including layoffs, and sold some of its assets, including Blue Raven Solar, to Complete Solaria for $45 million in 2024, while filing for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.   Complete Solar has become the fifth-largest residential photovoltaic company in the United States, with outstanding financial performance after the merger   Complete Solar plans to announce its 2024 financial results on April 23, 2025. After acquiring SunPower-related assets, the company has achieved quarterly revenue of more than $80 million for two consecutive quarters, and Complete Solar will disclose further details in the financial report.   Rodgers said: "These operating data will establish the new CSLR's market position - annualized revenue exceeds $300 million, ranking fifth in the U.S. residential photovoltaic installation market. In this market, only SunRun and Freedom Forever currently have revenues of more than $1 billion. We will also show that CSLR has achieved profitability in terms of operating profit and cash flow."

On April 11, Eastern Time, the U.S. Customs and Border Protection (CBP) issued a tariff update guide. According to the guide, the United States exempted 20 tariff items in the Harmonized Tariff Schedule of the United States (HTSUS) from the "reciprocal tariffs" under Executive Order 14257. These products include automatic data processors, computers, communications equipment, displays and modules, semiconductor-related categories, etc.   From the evening of the 12th to the 13th, some media reported that "solar cells" were also on the exemption list.   However, after checking HTSUS, solar cells were not explicitly mentioned in the 20 categories of products given in the exemption list. The current mainstream crystalline silicon solar cell tariff number is 8541.42.0010, and the crystalline silicon photovoltaic cells that have been made into components, the tariff number is 8541.43.0010, are not on the exemption list.   The following are the exemption product codes released by the U.S. Customs and Border Protection CBP on April 11:

SUNWAFE SL, a solar ingot silicon wafer manufacturer headquartered in Barcelona, ​​has become one of the proposed winners of the Strategic Economic Recovery and Transformation Project (PERTE) funding support program organized by the Spanish Ministry of Ecological Transition and Population Challenges (MITECO).   In the funding allocation led by the Spanish Institute for Energy Diversification and Energy Saving (IDEA), SUNWAFE received 199.9 million euros in a total initial grant of 297.3 million euros.   According to SUNWAFE's official website, the company plans to achieve 20GW (2.5 billion pieces) of silicon wafer production capacity at its Spanish factory by 2030. The company has received support from the European Energy Innovation Agency EIT InnoEnergy (now renamed InnoEnergy).   This round of MITECO funding covers 34 projects, all of which focus on supporting the manufacturing of renewable energy equipment in Spain. Most of the funds go to the manufacturing of electrolyzers and other components related to green hydrogen production, in addition to 4 energy storage projects and 1 project involving heat pumps.   In addition to SUNWAFE, there are 6 other solar-related projects selected this time, including photovoltaic module manufacturers European Solar Cell Company, S.L. and MCPV Manufacturing Spain. MCPV recently announced that its Spanish module factory construction project has been successfully selected for this round of government funding. It is worth noting that MCPV is the photovoltaic manufacturing subsidiary of Resilient Group and is building a 4GW heterojunction (HJT) battery factory in the Netherlands.   All the proposed projects are distributed in 12 autonomous regions in Spain.   MITECO said that the funding plan benefits from the simplified approval procedures of the European Commission and is in line with the EU's crisis and transition country aid framework in response to the new geopolitical context of the Russian- Ukrainian conflict and energy transformation.

On March 27, 2025, the Indian Ministry of Commerce and Industry issued an announcement stating that in response to applications submitted by Indian domestic companies Asahi India Glass Ltd., Gold Plus Glass Industry Ltd., Gold Plus Float Glass Pvt. Ltd. and Saint Gobain India Pvt. Ltd., the first anti-dumping sunset review investigation was initiated on float glass (Clear Float Glass) originating in or imported from Malaysia. This case mainly involves products under Indian customs code 70051090 and some products under 7003, 7004, 7005, 7009, 7019, 7013, 7015, 7016, 7018, and 7020. The dumping investigation period of this case is from October 1, 2023, to September 30, 2024 (12 months), and the injury investigation period is from 2021 to 2022, 2022 to 2023, 2023 to 2024, and from October 1, 202,3 to September 30, 2024.   Interested parties should submit relevant information to the investigation authority by email (sent to dir13-dgtr@gov.in, ad12-dgtr@gov.in, dir15-dgtr@gov.i,n and consultant-dgtr@nic.in) within 30 days from the date of filing the case.   On August 23, 2019, the Indian Ministry of Commerce and Industry issued an announcement stating that, in response to a joint application submitted by Indian companies Saint-Gobain India Pvt Ltd., Sisecam Flat Glass India Ltd., Gold Plus Glass Industries Ltd. and Asahi India Glass Ltd., an anti-dumping investigation was initiated on float glass originating in or imported from Malaysia. On August 20, 2020, the Indian Ministry of Commerce and Industry made a positive final ruling on the case. On November 11, 2020, the Indian Ministry of Finance's Taxation Department issued Notification No. 30/2020-Customs (ADD), deciding to impose anti-dumping duties on float glass with a thickness of 4 mm to 12 mm from Malaysia. The tax amount is the difference between the landed value of the imported goods (provided that it is lower than the minimum price) and the minimum price, which is US$273.12-326.00/ton. The measure is valid for 5 years and will end on November 10, 2025.

According to the latest survey, China's policies stimulate the overall demand for the photovoltaic industry, and the supply of components is tense. Demand is expected to peak in March and April 2025, which may drive the price of the industry chain to rise in the second quarter.   China announced regulations on photovoltaic power generation and new energy electricity prices in late January and early February 2025. Suppose photovoltaic power generation projects are connected to the grid after May 31. In that case, they will no longer enjoy a fixed purchase price. Still, they will return to the market supply and demand to determine the price, thus triggering a "rush to install." Distributed photovoltaic projects will reach the peak of installation in the second quarter.   The photovoltaic industry maintains self-discipline, and at the same time, stimulated by China's "531 New Policy", downstream demand has rebounded rapidly. In recent months, polysilicon manufacturers have maintained low utilization rates, and there is no sign of production increase in the short term. It is expected that the momentum of silicon material price increases will continue into the second quarter, and the industry generally expects it to reach RMB 45/kg. However, the downstream installation demand will obviously converge in the third quarter, and since electricity costs account for about 30% of the raw material manufacturing production costs, when electricity costs fall during the flood season, material suppliers will most likely increase the utilization rate of production lines to obtain the reduction in electricity costs, but this will also lead to overcapacity and impact prices.   Consulting said that China's distributed project rush to install, coupled with the gradual recovery of demand in other regional markets, the overall silicon wafer demand in the second quarter remained optimistic. Against the backdrop of the price increase of leading enterprises and the self-discipline of industry production, silicon wafer prices are expected to continue to grow, especially the 210R-N type (N-type G12R monocrystalline silicon wafer), which has a large increase, and the price in April is expected to increase by more than 3.5% month-on-month. The supply and demand pattern of silicon wafers in the second quarter was generally stable, but the peak of installation in the third quarter has passed, and demand is expected to decline. Silicon wafer prices may decline, and the actual price still depends on the overall output.   In terms of batteries, since the downstream components have successfully increased in price, the price of battery cells has a trend of rising. In addition, the current battery cell inventory level is healthy, and the increase in production is mostly concentrated in leading enterprises, which is enough to support prices. It is expected that the price of M10L TOPCon and G12 TOPCon will increase by nearly 1.7% in April, and the price of G12R TOPCo...

According to the latest report of the Brazilian Photovoltaic Industry Association (ABSOLAR), Brazil's cumulative photovoltaic installed capacity has exceeded 55GW (DC), accounting for 22.2% of the country's power installed structure. At present, photovoltaic power generation is second only to hydropower in Brazil's power sources, which accounts for more than 40%.   According to ABSOLAR's report, in 2024, Brazil will add 14.97GW of DC photovoltaic installed capacity, bringing the total installed capacity to 52.88GW, including 37.4GW of distributed photovoltaic and 17.6GW of large ground power stations. Data provided by the Brazilian National Electricity Regulatory Agency (ANEEL) further confirms this development trend. As of February 28, 2025, Brazil's micro and small distributed photovoltaic (MMGD) installed capacity exceeded 37.61GW, with a total of 28.3 million systems connected to the grid, of which residential systems dominate.   The ABSOLAR report pointed out that since 2012, the photovoltaic industry has attracted more than 251.1 billion Brazilian reals (about 43.9 billion US dollars) in investment and created more than 1.6 million jobs. However, the country's photovoltaic industry still faces many challenges, the biggest bottleneck of which is the curtailment of renewable energy, which prevents companies from obtaining compensation, followed by the grid connection barriers of small-scale photovoltaic systems. The curtailment of projects invested in Brazil has caused the French photovoltaic company Voltalia to record a net loss in 2024. ABSOLAR also called on the government to approve the relevant bill 624/2023 on the Basic Energy Income Plan (REBE) to update the bill 14.300/2022 to address the limitations encountered by distributed systems when connecting to the distribution network. In addition, the association is pushing the government to include photovoltaic technology in the A-5 new energy auction held in August 2025 to promote the development of the industry.   ABSOLAR Chairman Ronaldo Koloszuk pointed out that the decline in the price of photovoltaic modules is conducive to the popularization of photovoltaics in the Brazilian market, but the large supply of low-priced modules from Chinese companies may be unfavorable to local manufacturers.   Recently, Brazil's National Interconnected Grid (SIN) announced that the country's photovoltaic power generation set a new single-hour record at 11:00 on March 14, 2025, reaching 37.869GW, accounting for 39% of the country's power load at that time.