Core Insights - The photovoltaic industry is experiencing significant growth, with a total scale of signed/planned, under-construction, and commissioned projects reaching 42.38GW by June 2025, highlighting strong overseas market performance in signing and construction phases, while domestic markets dominate in commissioning [1] - Domestic market activity has slowed in terms of signing and construction, focusing on TOPCon and perovskite technologies, with major investments concentrated in Jiangsu and Sichuan, exceeding 10 billion yuan [1] - The overseas market has seen a decrease in the number and scale of planned and commissioned projects compared to the previous month, but the scale of projects under construction has significantly increased, particularly in India, Indonesia, Turkey, Egypt, and the United States [1] Signed/Planned Projects - In June 2025, there were 7 signed/planned photovoltaic projects totaling 18.2GW, with 6 overseas projects leading the way [2] - The focus remains on battery cells and modules, with planned capacities of 4.2GW and 14GW respectively [2] Under-Construction Projects - A total of 6 photovoltaic projects were under construction in June 2025, amounting to 10.38GW, with 9.38GW located overseas, primarily in India, Egypt, and Indonesia [5] - The construction scale for battery cells was 3.78GW, while modules accounted for 6.6GW, indicating a strong emphasis on the module sector [5] Commissioned Projects - In June 2025, 5 photovoltaic projects were commissioned, totaling 13.8GW, with domestic projects accounting for 94.2% of the total [8] - The commissioned capacity for battery cells and modules was 10GW and 3.8GW respectively, showcasing a robust domestic production capability [8] Other Developments - The perovskite technology is advancing rapidly, with significant projects like the successful commissioning of a GW-level perovskite module project by GCL-Poly in Jiangsu, marking a key step towards industrialization [1][10] - The overall landscape of the photovoltaic industry is characterized by optimization and technological breakthroughs, with a focus on efficiency and balanced development across various technologies [16]