The awarded capacity in a single week was 43.33 MW, with an average winning bid price of 0.75 yuan/W {{[SMM statistics]}}

Published: May 6, 2025 16:18
From April 28, 2025, to May 4, 2025, SMM recorded a total of 23 domestic enterprise-won PV module projects that week. The winning bid prices for PV modules were concentrated in the range of 0.66-0.85 yuan/W, with a weekly weighted average price of 0.75 yuan/W, representing an increase of 0.06 yuan/W compared to the previous week. The total procurement capacity for the winning bids was 43.33 MW, a decrease of 927.59 MW compared to the previous week.

SMM News on May 6: From April 28, 2025, to May 4, 2025, SMM recorded a total of 23 awarded project sections for PV modules in China, involving multiple enterprises including CSI Solar Co., Ltd., Jinko Solar Co., Ltd., and Hunan Redsolar New Energy Technology Co., Ltd. Among them, 12 projects disclosed their installed capacities. The main type of PV modules procured and awarded this week was N-type PV modules. The winning bid prices for PV modules were concentrated in the range of 0.66-0.85 yuan/W, with a weighted average price of 0.75 yuan/W for the week, an increase of 0.06 yuan/W compared to the previous week. As all the awarded projects this week were small-scale projects, the winning bid prices were relatively high, resulting in a 0.06 yuan/W upward fluctuation in the weighted average price for the week. The total procurement capacity of awarded projects for the week was 43.33 MW, a decrease of 927.59 MW compared to the previous week. Due to the fact that this week coincided with the end of April and the Labour Day holiday, the total procurement capacity of awarded projects was significantly affected by the timing. The clearly identified procurement capacity of N-type modules for the week was approximately 39.98 MW, accounting for 92.29%. Key awarded project information for the week is as follows:

  1. The PV module procurement project for the EPC general contracting project of the 200 MW agricultural-photovoltaic complementary power generation project in Taiyu Town, Binzhou, by China Energy Engineering Group Anhui Electric Power Construction No.1 Engineering Co., Ltd. The project intends to procure PV modules with a total installed capacity of 25 MW and a power of 705 W. Daheng Energy Co., Ltd. won the bid with an average module price of 0.75 yuan/W.
  2. The PV module procurement project for the EPC project of the 1.638 MWp rooftop distributed photovoltaic power generation project in Dalian Taiping Bay, which intends to procure N-type PV modules with a total installed capacity of 1.638 MW and a power of 715 W. Changshu Canadian Solar Co., Ltd. was the first-ranked bid winner with an average module price of 0.71 yuan/W.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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The awarded capacity in a single week was 43.33 MW, with an average winning bid price of 0.75 yuan/W {{[SMM statistics]}} - Shanghai Metals Market (SMM)