[SMM Statistics] Weekly Bidding Capacity of 1.69GW: PowerChina Heterojunction Module Procurement Bidding

SMM January 3 News: During the week of December 23 to December 29, 2024, SMM statistics showed that 37 PV module project sections were awarded to multiple domestic companies, including Risen, Huasheng, and GCL. Among these, 24 projects disclosed their installed capacities. The module models finalized for procurement this week included P-type modules, N-type TOPCon modules, and N-type HJT modules. The winning bid price range was concentrated between 0.64-0.69 yuan/W; the weighted average price for the week was 0.76 yuan/W (driven by the higher price of HJT modules), representing an increase of 0.13 yuan/W compared to the previous week. The total awarded procurement capacity was 1,694.71 MW, a decrease of 1,957.71 MW from the previous week. The confirmed N-type module procurement capacity for the week was approximately 1,670.08 MW, accounting for 98.5%.

Key winning bid information for the week:

1. PowerChina's 2024 second batch of N-type heterojunction (HJT) PV module concentrated procurement project, with a planned total procurement capacity of 500 MWp of monocrystalline silicon bifacial PV modules (N-type HJT). The specifications for HJT modules required monocrystalline silicon bifacial double-glass PV modules with a module power of 710 Wp or above (N-type modules (HJT), solar cell size of 182 mm or above). Risen Energy won the bid at a price of 0.759 yuan/W. The first batch of supply is expected in February 2025.

2. CEEC Qinhuangdao Changli 300,000 kW offshore PV pilot project module procurement, with a procurement capacity of approximately 399.68 MW. The project required monocrystalline silicon bifacial double-glass N-type HJT PV modules with a module power of 715 Wp or above and solar cell size of 210 mm. Huasheng New Energy won the bid at a price of 0.789 yuan/W, with delivery starting from January 25, 2025, in batches.

3. Chalco Liancheng Branch's distributed PV power generation project for monocrystalline silicon PV module procurement, with a procurement capacity of approximately 32.02412 MW. The required module model was N-type 580 Wp bifacial PV modules. GCL won the bid at a price of 0.69 yuan/W, with the first batch of monocrystalline silicon PV modules to be delivered within 15 days of contract signing, and the second and third batches to be completed within 30 days upon notification from the client.

4. Huaqi Wuxiang 150,000 kW PV power generation project - PV module procurement, with a procurement capacity of approximately 150 MW. GCL, Canadian Solar, Trinasolar, and LONGi were shortlisted as winning candidates.

5. Zhongyan Inner Mongolia Chemical Co., Ltd.'s coal-fired captive power plant renewable energy replacement project for N-type monocrystalline double-glass bifacial module procurement, with a procurement capacity of approximately 39.7656 MW. The required module model was N-type 700 W bifacial modules. Trinasolar won the bid at a price of 0.703 yuan/W, with delivery required by March 30, 2025.