Photovoltaic Module Opening Bid Prices All Increased
The largest centralized procurement bid opening in history, all quotations from leading photovoltaic companies reached 0.69RMB/W + price increase expectations continue to strengthen.
Event: On December 9, the bids for the centralized procurement of Power Construction's 51GW components and inverters were opened. The TOPCon bid section quoted a price of 0.62-0.76RMB/W, with an average price of 0.68RMB/W. All major photovoltaic companies quoted prices of 0.69RMB. /W or above, that is, above the latest minimum price announced by the association.
On the evening of December 11, the association issued a statement commenting on this, believing that the quotation reflects that leading photovoltaic companies and key companies can still maintain the objectivity and rationality of quotations and are unwilling to engage in an involution-style "price war."
1. This centralized procurement is the largest in the history of photovoltaics and has important guiding significance for 2025 module prices.
After recent events such as quota agreements in various links and minimum price calls from associations, China's component quotations and industrial chain spot prices have significantly increased their willingness to increase. Especially for leading companies, all quotations this time reached 0.69RMB/W or above, which is undoubtedly the best proof that industry self-discipline has achieved the expected results.
2. Although the quotations of some second- and third-tier companies are lower than 0.69RMB/W, considering the large scale of the bidding section, the final price requires a second quotation after being shortlisted, China Power Construction's value persistence and political position, and reference to the history of China's As for the winning bid results of Power Construction, we expect that the winning bidders will be dominated by leading companies with quotations of 0.69 RMB/W and above, which will ultimately drive the steady recovery of domestic and foreign component prices.