集邦新能源：5月全球光伏产业延续蓬勃发展态势 总投资额超222亿元

Core Viewpoint - The global photovoltaic (PV) industry is experiencing robust growth, with a total project scale of 31.2GW and an investment exceeding 22.2 billion yuan as of May 2025, driven by technological advancements and market expansion [1] Project Overview - The total scale of signed/planned PV projects in May 2025 is 31.2GW, with over 22.2 billion yuan in investments [1] - Domestic projects focus on HJT, BC, and perovskite technologies, with a total investment of 1.33 billion yuan in Xinjiang, Anhui, and Jiangsu [1] - Overseas projects show a significant increase in planned project numbers and scale, although the production scale has decreased [1] Signed/Planned Projects - In May 2025, there are 17 signed/planned PV projects totaling 27.4GW, with 2 domestic projects (4GW) and 15 overseas projects (23.4GW) [1] - The battery and module segments remain the main investment focus, with planned capacities of 16.8GW and 8.6GW respectively, and 2GW new planning in the silicon wafer segment [1] Investment Highlights - Corning announced a $1.5 billion investment to expand its silicon wafer production capacity in Michigan, USA [5] - T1 Energy signed a non-binding cooperation agreement to build a 5GW solar cell factory in Texas, USA [5] - Elin Energy is investing $400 million in a 5GW battery factory in Turkey, with production expected to start in Q4 2026 [5] Production Projects - In May 2025, there are 4 PV projects that have commenced production, with 2.6GW (92.9%) of the production capacity located overseas [9] - The production scale for battery and module segments is 1.5GW and 1.3GW respectively [9] Emerging Markets - New emerging bases for PV projects are being established in Indonesia and Ethiopia, contributing to the diversification of the PV industry landscape [17]