EPC bidding for PV power plants finalized, with a surge in PV installations

Published: Jul 11, 2025 14:39
[SMM Flash News] EPC Bidding Results for 47GW PV Power Plants Announced by State Energy Investment, Huadian, PowerChina, CNNC, Huaneng, etc.
Installation data for May 2025 has been released, showing a staggering 92GW of installations for the month, a 388% YoY surge. The cumulative installations from January to May have nearly reached the 200GW milestone, equivalent to 70% of the total installations in 2023, far exceeding market expectations.

Notably, amid the continuous decline in prices across the entire PV industry chain, the EPC engineering, procurement, and construction prices for PV power plants have also shown a synchronous downward trend. This combination of "increased volume and decreased prices" stems, on one hand, from the continuous concessions on the cost side of the industry chain and, on the other hand, reflects intensified competition in the EPC segment. Top-tier enterprises are compressing profit margins through large-scale procurement, optimized construction processes, and other means to seize rapidly expanding market shares.

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