[SMM Statistics] PV Module Tender Capacity in August 2026 Reached 11.64 GW, with an Average Winning Bid Price of 0.687 yuan/W

I. Overview

From August 1, 2026 to August 31, 2026, SMM recorded a total of 141 PV module awarded projects in China. After data processing, 92 projects disclosed awarded installed capacity, 38 projects disclosed awarded installed capacity prices, and the main module type procured and finalized was N-type modules. Within the current statistical period, the main winning enterprises for non-centralised procurement standalone projects included Hoyuan Green Energy, Jinko Solar, Changzhou Dianduoduo, Hunan Changjiao Donghong, Hunan Red Solar, Yingli Energy, and others. Representative non-centralised procurement projects included: Hoyuan Green Energy Co., Ltd. winning the 722.61 MW "Inner Mongolia Jungar Banner Light Source 600 MW PV Project PV Module Equipment Procurement" at an average price of 0.70 yuan/W; Jinko Solar Co., Ltd. winning the 182.03 MW "Zhonggong Wuda Energy Construction Investment (Hubei) Co., Ltd. Xinxia Shashi District Guanyindang (Phase I) 140 MW Fishery-Solar Hybrid PV Project" at an average price of 0.69 yuan/W; and Changzhou Dianduoduo Energy Technology Co., Ltd. winning the 126.26 MW "Lanxi City Meijiang Town 100 MW Centralized PV Power Generation Project PV Module Procurement Project (Re-tender)" at an average price of 0.69 yuan/W.

In terms of framework procurement projects, the total scale of framework procurement projects in China in August was approximately 5,618 MW, involving multiple centralised procurement projects such as China Resources Power, Hunan Company, and Huaneng Sichuan. Among them, China Resources Power's 2026 annual PV project PV module equipment centralised procurement project had a total scale of 5,400 MW, divided into three bid packages. GCL SI won Package 1 of 1,600 MW at an average price of 0.66 yuan/W; JA Solar Technology Co., Ltd. won Package 1 of 1,400 MW at an average price of 0.70 yuan/W; Changzhou Huayao Optoelectronics Technology Co., Ltd. won Package 2 of 1,200 MW at an average price of 0.69 yuan/W; GCL SI won Package 2 of 800 MW at an average price of 0.67 yuan/W; and JA Solar Technology Co., Ltd. won Package 3 of 400 MW at an average price of 0.71 yuan/W. In addition, in the Hunan Company 2026 (first batch) PV module procurement project, Jinko Solar Co., Ltd. won 133.36 MW at an average price of 0.76 yuan/W, and JA Solar Technology Co., Ltd. won 83.84 MW at an average price of 0.68 yuan/W. In the Huaneng Sichuan 20260716 Daofu Company Yari PV module centralised procurement project, ZNShine PV-Tech Co., Ltd. won 0.89 MW at an average price of 0.70 yuan/W.

In terms of regional distribution by section, the region with the highest awarded capacity in the current statistical period was Heilongjiang at 2,604.90 MW, accounting for 22.4%, followed by Chongqing at 2,405.29 MW, accounting for 20.7%, Inner Mongolia at 1,843.52 MW, accounting for 15.8%, and Sichuan at 1,302.55 MW, accounting for 11.2%.

Unlike July, when Beijing dominated with a share of nearly 48%, the provincial distribution in August was more balanced, with the top four provinces accounting for about 70% combined. Heilongjiang and Chongqing ranked near the top, mainly boosted by China Resources Power's 2026 annual PV module concentrated procurement project, which saw relatively large-scale packages awarded in both regions; Inner Mongolia and Sichuan were dominated by large centralized PV power station projects. Overall, projects awarded in August were mainly concentrated in north-east, south-west, and north-west China, while project scale in east China and south China was relatively small.

II. Summary of Owners

SMM classified the winning owners in the current statistical period into three categories: the "Five Big and Six Small" power producers, central state-owned enterprises, and others. Among them, the number of non-framework valid projects (including capacity, average winning bid price, and other information) for the "Five Big and Six Small" power producers, central state-owned enterprises, and other owners was 16, 25, and 40, respectively.

Details for the "Five Big and Six Small" power producers are as follows:

Owners:

In the current statistical period, a total of 6 enterprises had winning records, with a combined capacity of 1,143.486 MW and an overall average price of 0.709 yuan/W. Among them, CNNC had 4 sections totaling 336.424 MW, accounting for 29.42%, at an average price of 0.701 yuan/W; SDIC Group had 1 section of 300 MW, accounting for 26.24%, with the average price undisclosed; China Huadian Corporation had 8 sections totaling 167.062 MW, accounting for 14.61%, with the average price undisclosed. CHN Energy had 1 section of 140 MW, accounting for 12.24%, with the average price undisclosed; SPIC had 1 section of 100 MW, accounting for 8.75%, with the average price undisclosed; CECEP had 1 section of 100 MW, accounting for 8.75%, at an average price of 0.715 yuan/W, the highest among the "Five Big and Six Small" power producers.

By capacity segment:

For sections in the range (0 MW, 1 MW], there were 0 projects, accounting for 0%, with the average price for the range undisclosed;
For sections in the range (1 MW, 6 MW], there were 4 projects, accounting for 1.28%, with an average price of 0.821 yuan/W for the range;
For sections in the range (6 MW, 50 MW], there were 6 projects, accounting for 11.27%, with an average price of 0.696 yuan/W for the range;
For sections in the range (50 MW, ∞], there were 6 projects, accounting for 87.45%, with an average price of 0.715 yuan/W for the range;

Key projects of the "Five Big and Six Small" power producers:

The 300 MW "Nanzhuang PV Power Station PV Module Procurement Project" tendered by SDIC Yunnan New Energy Co., Ltd. was won by ZNShine PV-Tech Co., Ltd., with the average price undisclosed.
The 260 MW "Laiyuan 260 MW PV Power Generation Project DC Side PV Module Conventional Procurement" tendered by China Nuclear Industry Construction Co., Ltd. was won by Huayang Group (Yangquan) New Energy Sales Co., Ltd., with the average price undisclosed.
In the 133.36 MW "2026 (First Batch) PV Module Procurement Public Tender" issued by CHN Energy Hunan Electric Power Co., Ltd., the average price was 0.763 yuan/W, and the winning bidder was Jinko Solar Co., Ltd.

The details of "central state-owned enterprise" owners are as follows:

Owners:

In the current statistical period, 8 enterprises had winning bid records, with a total capacity of 1,901.527 MW and an overall average price of 0.694 yuan/W. Among them, large projects above 50 MW accounted for nearly 95%, representing the main scale of awarded bids for central state-owned enterprise owners; although projects in the 6-50 MW range were fewer, their average price was relatively higher, significantly exceeding the average price of large projects. Central state-owned enterprise projects were dominated by EPC general contracting projects from various design institutes under PowerChina, with a relatively high proportion of projects outside China.

By capacity segment:

Sections in the (0 MW, 1 MW] range totaled 7 projects, accounting for 0.13%, with an average price of 0.778 yuan/W;
sections in the (1 MW, 6 MW] range totaled 5 projects, accounting for 0.76%, with an average price of 0.755 yuan/W;
sections in the (6 MW, 50 MW] range totaled 4 projects, accounting for 4.11%, with an average price of 0.820 yuan/W;
sections in the (50 MW, ∞] range totaled 9 projects, accounting for 94.99%, with an average price of 0.670 yuan/W;

Key projects of "central state-owned enterprises":

In the 499.84 MW "Zhangjiakou Generation-Grid-Load-Storage Integrated Carbon Neutrality Demonstration Project (Phase II) Zhangbei 500,000 kW PV Project" tendered by PowerChina Hebei Engineering Co., Ltd., the winning bidder was Tongwei Co., Ltd.
In the 400 MW "Abag Banner Taifu Energy 400 MW Wind-PV Project EPC General Contracting - PV Modules" tendered by PowerChina Jiangxi Electric Power Design Institute Co., Ltd., the winning bidder was Hefei JA Solar Technology Co., Ltd.
In the 105 MW "Botswana Tadi 105 MW PV Project PV Modules and Auxiliary Equipment Procurement" tendered by PowerChina Huadong Engineering Corporation Limited, the winning bidder was Hefei JA Solar Technology Co., Ltd.

The details of "other" owners are as follows:

Owners:

In the current statistical period, more than 20 enterprises had winning bid records, with a total capacity of 2,680.820 MW and an overall average price of 0.697 yuan/W. Among them, large projects above 50 MW accounted for over 96%, representing the main scale of awarded bids for other owners; small-capacity projects were numerous, but their capacity share was extremely low. Projects of other owners were dominated by large centralized PV power stations of private enterprises and local energy enterprises.

By capacity segment:

Sections in the (0 MW, 1 MW] range totaled 14 projects, accounting for 0.15%, with an average price of 0.815 yuan/W;
sections in the (1 MW, 6 MW] range totaled 13 projects, accounting for 1.16%, with an average price of 0.749 yuan/W;
sections in the (6 MW, 50 MW] range totaled 5 projects, accounting for 2.10%, with an average price of 0.720 yuan/W;
sections in the (50 MW, ∞] range totaled 8 projects, accounting for 96.59%, with an average price of 0.696 yuan/W;

Key projects of "other":

In the 1,150 MW "Dadu River Company Aba Rong'an 1,150 MW PV Project (Phase II) PV Module Equipment Procurement" tendered by Guoneng Dadu River Basin Hydropower Development Co., Ltd., the winning bidder was Tongwei Co., Ltd.
Inner Mongolia Jungar Banner Guangzhixin New Energy Co., Ltd. tendered 722.61 MW of "PV Module Equipment Procurement for the Inner Mongolia Jungar Banner Guangzhixin 600 MW PV Project," with an average price of 0.698 yuan/W, and the winning bidder was Hongyuan Green Energy Co., Ltd.
MCC Wukan New Energy Company tendered 214 MW of "PV Module Procurement for the Otog Front Banner 314,000 kW Fully Self-Generated and Self-Consumed Project (214,000 kW PV Portion)," and the winning bidder was Zhejiang AIKO Solar Energy Technology Co., Ltd.

III. Summary of Winning Bidder Conditions

SMM divides the winning bidders within the current statistical period into three categories: Tier 0 (T0), Tier 1 (T1), and other winning bidders (Others). Among them, T0 includes Tongwei, LONGi, Jinko, JA Solar, and TrinaSolar; T1 includes TCL Zhonghuan, AIKO, DMEGC, Chint, and GCL; the remaining winning bidders are classified as Others. The effective counts for T0, T1, and other non-framework procurements are 17, 11, and 53, respectively.

The statistical data for T0 module manufacturers are as follows:

Winning enterprises:

In the current statistical period, there are 5 enterprises in total, with a combined capacity of 3,191.372 MW and an overall average price of 0.69 yuan/W. Among them, Tongwei Co., Ltd. won 4 sections totaling 1,849.840 MW, accounting for 57.96%, with the average price undisclosed; JA Solar Technology Co., Ltd. won 9 sections totaling 1,143.194 MW, accounting for 35.82%, with an average price of 0.85 yuan/W, the highest among T0 enterprises; Jinko Solar Co., Ltd. won 3 sections totaling 194.859 MW, accounting for 6.11%, with an average price of 0.69 yuan/W; LONGi Green Energy Technology Co., Ltd. won 1 section totaling 3.478 MW, accounting for 0.11%, with the average price undisclosed.

By capacity segment:

The (0 MW, 1 MW] segment had 2 projects, accounting for 0.01%, with a segment average price of 0.85 yuan/W;
The (1 MW, 6 MW] segment had 3 projects, accounting for 0.25%, with a segment average price of 0.78 yuan/W;
The (6 MW, 50 MW] segment had 2 projects, accounting for 1.93%, with the segment average price undisclosed;
The (50 MW, ∞] segment had 10 projects, accounting for 97.81%, with a segment average price of 0.689 yuan/W;

By power segment:

The (0 W, 640 W] segment had 4 projects, accounting for 6.12%, with a segment average price of 0.85 yuan/W;
The (640 W, ∞) segment had 4 projects, accounting for 93.88%, with a segment average price of 0.689 yuan/W.

Key projects of T0 module manufacturers:

Tongwei Co., Ltd. won the 1,150 MW "PV Module Equipment Procurement for the Dadu River Company Aba Rong'an 1,150 MW PV Project (Phase II)," with the owner being Guoneng Dadu River Basin Hydropower Development Co., Ltd.;
Tongwei Co., Ltd. won the 499.84 MW "PV Module Equipment Procurement for the PowerChina Zhangjiakou Generation-Grid-Load-Storage Integrated Carbon Neutrality Demonstration Project (Phase II) Zhangbei 500,000 kW PV Project," with the owner being PowerChina Hebei Engineering Co., Ltd.;
Hefei JA Solar Technology Co., Ltd. won the 400 MW "PV Modules for the Abag Banner Taifu Energy 400 MW Wind-PV Project EPC General Contracting," with the owner being PowerChina Jiangxi Electric Power Design Institute Co., Ltd.

T1 module factory data statistics are as follows:

Winning enterprises:

In the current statistical period, there are 5 enterprises with a total capacity of 333.716 MW and an overall average price of 0.704 yuan/W. Among them, AIKO won 2 sections totaling 215.589 MW, accounting for 64.60%, with the average price undisclosed; GCL SI won 5 sections totaling 109.252 MW, accounting for 32.74%, with the average price undisclosed; TCL Zhonghuan won 3 sections totaling 8.708 MW, accounting for 2.61%, with an average price of 0.704 yuan/W; Chint New Energy won 1 section totaling 0.167 MW, accounting for 0.05%, with the average price undisclosed.

By capacity segment:

Sections in the range (0 MW, 1 MW] totaled 2 projects, accounting for 0.19%, with the range average price undisclosed;
Sections in the range (1 MW, 6 MW] totaled 3 projects, accounting for 2.23%, with the range average price undisclosed;
Sections in the range (6 MW, 50 MW] totaled 4 projects, accounting for 16.73%, with a range average price of 0.704 yuan/W;
Sections in the range (50 MW, ∞] totaled 2 projects, accounting for 80.85%, with the range average price undisclosed;

By power segment:

Sections in the range (0 W, 640 W] totaled 1 project, accounting for 1.88%, with the range average price undisclosed;
Sections in the range (640 W, ∞) totaled 4 projects, accounting for 98.12%, with a range average price of 0.704 yuan/W.

Key projects of T1 module factories:

Zhejiang AIKO Solar Energy Technology Co., Ltd. won 214 MW in the "PV Module Procurement for the Otog Front Banner 314,000 kW Fully Self-Generated and Self-Used Project (214,000 kW PV Portion)", with the owner being MCC Wukan New Energy Company, and the average price undisclosed;
GCL SI Co., Ltd. won 55.80 MW in the "PV Module Procurement for the EPC General Contracting of the 558 MW Fishery-Solar Complementary PV Power Generation Project at Guangming Yangtze River Aquaculture Farm, Shanghai New Energy, Fujian Electric Power, Shanghai Electric Power Construction Company, PowerChina", with the owner being PowerChina Fujian Engineering Co., Ltd., and the average price undisclosed;
GCL SI Co., Ltd. won 30.55 MW in the "PV Module Procurement for the Zhenfeng County Beipanjiang Zhexiang Agricultural PV Power Station Project of China Huadian Group Materials Co., Ltd.", with the owner being Guizhou Huadian New Energy Development Co., Ltd., and the average price undisclosed.

Data statistics for other module factories are as follows:

Winning enterprises:

In the current statistical period, other module factories won a total capacity of 2,200.746 MW, with an overall weighted average price of approximately 0.699 yuan/W. Among them, enterprises such as Hoyuan Green Energy, Znshine PV-Tech, Yingli Energy, Changzhou Ddian Duoduo, and Hunan Changjiao Donghong won relatively large scales, together accounting for over 60%; the remaining projects are mostly small-capacity distributed projects, with relatively small individual winning scales and a widely dispersed enterprise distribution.

By capacity segment:

The (0MW, 1MW] section had 17 projects, accounting for 0.25%, with an average price of 0.784 yuan/W;
the (1MW, 6MW] section had 16 projects, accounting for 2.03%, with an average price of 0.759 yuan/W;
the (6MW, 50MW] section had 9 projects, accounting for 6.64%, with an average price of 0.709 yuan/W;
the (50MW, ∞] section had 11 projects, accounting for 91.08%, with an average price of 0.697 yuan/W.

By power segment:

the (0W, 640W] section had 21 projects, accounting for 24.68%, with an average price of 0.696 yuan/W;
the (640W, ∞) section had 17 projects, accounting for 75.32%, with an average price of 0.697 yuan/W.

Key projects of other module manufacturers:

HOYUAN Green Energy Co., Ltd. won the bid for 722.61MW of the "PV Module Equipment Procurement for the 600MW PV Project of Inner Mongolia Jungar Banner Light Source," with an average price of 0.698 yuan/W, and the owner is Inner Mongolia Jungar Banner Light Source New Energy Co., Ltd.;
ZNShine PV-Tech Co., Ltd. won the bid for 300MW of the "Nanzhuang PV Power Station PV Module Procurement Project," with the owner being SDIC Yunnan New Energy Co., Ltd., and the average price undisclosed;
Huayang Group (Yangquan) New Energy Sales Co., Ltd. won the bid for 260MW of the "Laiyuan 260MW PV Power Generation Project DC Side PV Module Conventional Procurement," with the owner being China Nuclear Industry Construction Co., Ltd., and the average price undisclosed.