Date: December 13, 2024
PowerChina has made headlines by completing the largest solar procurement tender ever, aiming to secure a remarkable 51 GW of photovoltaic (PV) modules and 51 GW of inverters. This monumental event, announced on November 13, showcases unprecedented industry engagement and scale in the renewable energy sector.
The procurement process featured diverse offerings in PV modules, categorized into three distinct types: 12 GW of tunnel oxide passivated contact (TOPCon) modules for internal projects, 36 GW for engineering, procurement, and construction (EPC) initiatives, and 3 GW of n-type heterojunction (HJT) modules. When discussing inverters, the auction was more segmented, including 12 GW of centralized inverters as well as smaller variants catering to various project sizes.
A total of 58 companies vied for the lucrative module contracts, with bid prices for TOPCon modules fluctuating between $0.086/W and $0.106/W, while HJT modules were slightly pricier. In the inverter category, 25 companies participated, with string inverters ranging from $0.012/W to $0.025/W.
In addition to this groundbreaking tender, PowerChina is advancing renewable projects globally, including a 300 MW offshore solar pilot project in the Bohai Sea and collaborating with Manila Electric on a 1.05 GW solar project in the Philippines. This new endeavor underscores PowerChina’s commitment to sustainable energy solutions worldwide.
The Dawn of a New Era in Renewable Energy: PowerChina’s Record-Breaking Solar Procurement
PowerChina’s Groundbreaking Solar Procurement Tender
PowerChina recently made a significant mark in the renewable energy landscape by completing the largest solar procurement tender to date, targeting an impressive 51 GW of photovoltaic (PV) modules and 51 GW of inverters. Announced on November 13, this monumental tender reflects a heightened engagement and scale within the renewable energy sector, setting a new benchmark for future projects.
Procurement Breakdown
The procurement process was meticulously categorized, featuring three main types of PV modules:
1. Tunnel Oxide Passivated Contact (TOPCon) Modules: 12 GW designated for internal projects.
2. Engineering, Procurement, and Construction (EPC) initiatives received a substantial allocation of 36 GW.
3. N-type Heterojunction (HJT) Modules: 3 GW were also included in the tender.
In terms of inverters, the procurement process was more segmented, with 12 GW of centralized inverters specified alongside offerings of string inverters, which cater to different project sizes.
Competitive Bidding Landscape
The competitive landscape for this procurement was robust, with 58 companies vying for the coveted module contracts. Bid prices for the TOPCon modules fluctuated between $0.086/W and $0.106/W, while the HJT modules were offered at a higher price range. The inverter segment also saw strong participation, with 25 companies involved and string inverters priced between $0.012/W and $0.025/W.
Global Renewable Initiatives
In addition to this landmark procurement, PowerChina is actively advancing its renewable energy initiatives on a global scale. Notably, it is moving forward with a 300 MW offshore solar pilot project in the Bohai Sea, which represents an innovative step in harnessing marine solar energy. Furthermore, PowerChina has initiated collaboration with Manila Electric for a substantial 1.05 GW solar project in the Philippines, emphasizing its commitment to expanding sustainable energy solutions internationally.
Insights into the Future of Solar Procurement
This unprecedented solar procurement tender is not only a pivotal moment for PowerChina but also signifies broader trends within the renewable energy sector:
– Increased Demand for Renewables: As countries strive to meet sustainability goals, the demand for renewable energy technologies, particularly solar, continues to rise. This procurement highlights the industry’s readiness to scale up operations.
– Technological Innovations: The inclusion of advanced solar technologies like TOPCon and HJT modules demonstrates the industry’s focus on improving efficiency and reducing costs in solar energy generation.
– Global Collaborations: As illustrated by PowerChina’s international projects, the renewable energy sector increasingly relies on collaborations to facilitate large-scale developments and technology sharing.
Conclusion: The Renewable Energy Landscape Ahead
PowerChina’s achievement in securing 51 GW of solar modules and inverters is a significant stride towards a sustainable energy future. As the global trend towards renewable energy accelerates, we can expect further innovations and collaborations in the industry. This massive procurement not only enhances China’s renewable energy capacity but also sets a precedent for future projects globally.
For more information on PowerChina and its initiatives in the renewable energy sector, visit PowerChina.
