According to public information statistics, from November 1st to November 30th, central state-owned enterprises released about 77 bidding projects for photovoltaic inverters, with a total bidding capacity of about 65.95GW.
Among them, except for the undisclosed specific bidding scale of enterprises in the framework centralized procurement, about 76 photovoltaic inverter bidding projects (sections) have been awarded, with a total capacity of 7.28GW.
In November, the total capacity of photovoltaic inverters tendered and won by state-owned enterprises was 73.23 GW.
This month, there are two large orders for centralized procurement of inverters:
On November 13th, China Power Construction announced that the 2025 photovoltaic inverter framework has been shortlisted for centralized procurement, consisting of 4 sections with a total procurement capacity of 51GW.
On November 20th, CGN New Energy released the bidding announcement for the centralized procurement of photovoltaic inverter equipment framework in 2025, with a procurement capacity of up to 10.5GW.
According to public information statistics, the rated capacity of photovoltaic inverters from January to November was 197.08GW.
Through analysis, it was found that the bidding market for photovoltaic inverters in the November central state-owned enterprise bidding showed the following trends and characteristics:
1. In terms of calibration scale, 7.28GW was calibrated in November, and compared with October, the calibration capacity decreased by 61.13% month on month; In terms of bidding scale, the bidding capacity in November was 65.95GW, an increase of 44.8 times compared to October.
2. In terms of price, the calibration price of photovoltaic inverters remains relatively stable in November. The lowest price dropped to 0.088 yuan W, and the highest winning bid price was 0.189 yuan/W,
3. The proportion of standardized capacity of central enterprises is 82.97%. Compared with October, the proportion of central enterprise projects has shown a downward trend.
4. On the technical route, among the photovoltaic inverter projects scheduled for November, the total capacity of string inverters is 6.76GW, accounting for 93%. Compared with the October calibration, the capacity proportion of string inverters has significantly increased.
5. In terms of winning bidders, 48 companies including Huawei, Huashi Installation, TBEA, Sunshine Power Supply, Shuangjie Electric, Shouhang New Energy, Shangneng Electric, Guizhou Changtong, China Power Construction, and Zhuzhou Converter won the bid.
6. In terms of bidding enterprises, there are 13 central enterprises including Electric Power Construction, China General Nuclear Power, COFCO Group, CITIC Group, China National Nuclear Corporation, China Railway Construction, Southern Power Grid, China Communications Construction, China Resources, China Railway, China Salt Group, China Aluminum Group, State Grid Corporation of China, as well as 21 local enterprises.
(Note: All statistical data in the article are based on publicly available and clearly quantified bidding information data, excluding unallocated shares of centralized procurement. If there are omissions, please feel free to supplement)
Five major trends in the bidding market for photovoltaic inverters in November
Photovoltaic Headlines (WeChat ID: PV-2005) According to public information statistics, from November 1st to November 30th, in the domestic inverter bidding market, 48 inverter manufacturers or agents including Huawei, Huashi Installation, TBEA, Sunshine Power, Shuangjie Electric, Shouhang New Energy, Shangneng Electric, Guizhou Changtong, China Power Construction, Zhuzhou Converter, etc. jointly won the 7.28GW photovoltaic inverter bidding purchase order.
1. Huawei, Huashi, Tebian, Sunshine Leading, Zhongbiao
Photovoltaic Headlines (WeChat ID: PV-2005) According to public information statistics, except for several projects where the actual winning scale of the enterprise has not been announced, the winning capacity project has been determined, and Huawei has won 1835MW, ranking first; Huashi Installation Co., Ltd. won the bid for 1000MW, ranking second; TBEA won the bid for 640MW, ranking third. In addition, Sunshine Power (1599MW), Beijing Shuangjie Electric Co., Ltd. (629MW), Shouhang New Energy (613MW), Shangneng Electric (349MW), Guizhou Changtong Weining New Energy Co., Ltd. (300MW), China Power Construction Kunming Engineering Construction Co., Ltd. (140MW), and Zhuzhou Converter (100MW) also ranked among the top ten inverter winning bidders in November.
2. From January to November, the rated capacity of photovoltaic inverters was 197.08GW
According to public information statistics, the rated capacity of photovoltaic inverters from January to November was 197.08GW. This month, there are two large orders for centralized procurement of inverters:
On November 13th, China Power Construction announced that the 2025 photovoltaic inverter framework has been shortlisted for centralized procurement, consisting of 4 sections with a total procurement capacity of 51GW.
On November 20th, CGN New Energy released the bidding announcement for the centralized procurement of photovoltaic inverter equipment framework in 2025, with a procurement capacity of up to 10.5GW.
The rated capacity for November is 7.28GW. From the trend of capacity calibration, the first half of the year is the peak period for photovoltaic inverter project calibration, while the end of the year is a relatively low season.
From the perspective of bidding capacity, March is a relatively peak period, with June, July, and August stabilizing at over 15GW. In November, due to the successive release of centralized procurement projects by central enterprises, the bidding scale reached a new peak.
3. The proportion of string inverters above 150kW is 40.39%
In the November inverter calibration project, the rated capacity of string inverters was 6763MW, accounting for 93%; Centralized inverter 45MW, accounting for 1%; The rest did not specify the equipment requirements. Among the string inverters, about 2941.57MW inverter projects require 150kW or more, accounting for 40.39% of the total rated capacity in November. The rated capacity of 150kW and below is 498.23MW, accounting for 6.84%.
4. The lowest price is 0.095 yuan/W, and the highest price is 0.191 yuan/W
In terms of price, according to public information statistics, the lowest priced project in November was the procurement of inverter equipment for the 200MW photovoltaic composite project of Longhua Zhongguan Town Jiaotou by Dejun New Energy Technology Co., Ltd. in Longhua County. The project equipment requires a string inverter of 300kW or above, and TBEA is the first candidate for winning the bid with a bid price of 0.088/W.
The highest priced bidding project is the centralized inverter complete equipment renovation and procurement project of CGN New Energy Technology Company. This project purchases centralized inverters with a capacity of 12MW. As the winning bidder, Shangneng Electric offered a bid price of 2.272 million yuan, equivalent to a unit price of 0.189 yuan/W.
5. The lowest bid winning project accounts for 69.23%
In November, 13 projects identified two or more bidding candidates, among which 9 projects had their first bidding candidate or bidder bid the lowest price, accounting for 69.23%.
7.28GW inverter procurement
State owned enterprises account for 82.97%, who is the winner?
Photovoltaic Headlines (WeChat ID: PV-2005) found that from November 1st to November 30th, 48 companies and a total of 76 inverter procurement projects (sections) were awarded contracts, with a total capacity of 7.28GW, based on public bidding information. There are 57 central enterprise procurement projects (sections) with a total capacity of 5.97GW, accounting for 82.97% of the total capacity.
In terms of procurement enterprises, 10 central enterprises, including Powerchina, middling coal Group, COFCO Group, State Power Investment Corporation, China Southern Power Grid, China Nuclear Power, China Railway Construction Corporation, China Guangdong Nuclear Power, National Energy Group, middling coal Science and Engineering, have all awarded inverter procurement projects.
Among them, China Electric Power Construction had 29 projects rated in November, with a confirmed capacity of 2089MW. 19 companies including Huawei, Shangneng Electric, Zhuzhou Converter, Kehua Data, Sunshine Power, Gudewei, Jinlang Technology, and Shouhang New Energy became the final winning bidders.
On November 19, middling coal Energy Group Co., Ltd. determined the bid winner for the first batch of 1500V series inverter (196kW and above) framework centralized procurement in 2024. This project purchases string inverters of 196 and above, with a capacity of 2GW and a reserve of 1GW. Huawei, Sunac Power, and TBEA won the bid. According to the allocation ratio, Huawei won the bid for 1GW, Sunac won the bid for 600MW, and TBEA won the bid for 400MW.
In November, Xinjiang Hongtai New Energy Investment Co., Ltd., a subsidiary of COFCO Group, confirmed the winning candidates for the second and third sections of the string inverter project from 2025 to 2026. Shouhang New Energy and Beijing Shuangjie Electric Co., Ltd. were selected respectively.
On November 12th, the winning bidder for the first batch of inverter framework procurement projects for the 2024 market-oriented project of Shanghai Electric Power Investment Complete Equipment Co., Ltd., a subsidiary of State Power Investment Corporation, was determined. The project is divided into two packages and 12 sections, with a total procurement capacity of 400MW. Seven companies, including Gudewei, Jinlang Technology, Shangneng Electric, Sunshine Power, Elo Energy, Kesida, and Hewang Electric, won the bid. In addition, Huawei and Airo Energy have separately won the bid for the National Power Investment Corporation's inverter procurement project.
During this statistical period, Southern Power Grid had 9 project calibrations with a total capacity of 364MW. Shouhang Xinneng and Gudewei became the biggest winners.
In November, China National Nuclear Corporation (CNNC) had 11 projects rated with a total capacity of 106.75MW. Nine inverter companies including TBEA, Shangneng Electric, Shandong Aotai Electric, Hewang Electric, and Sunshine Power have won the bid.
In addition, both China Railway Construction Corporation and China General Nuclear Power Corporation won the bidding for inverter projects in November. The details of the winning bids are as follows:
Huawei wins bid for 13 projects
Confirm the winning bid capacity of 1835MW
In this statistical cycle, Huawei has performed well and ranked first in the list. It has won 13 projects (bid sections) from enterprises such as PowerChina, State Power Investment Corporation of China, China Southern Power Grid, and middling coal Group, and has determined a winning capacity of 1835MW.
Among them, the largest project that Huawei won the bid in November is the centralized procurement of the first batch of 1500V series inverter (196kW and above) frames of China middling coal Energy Group Co., Ltd. in 2024. This project purchases string inverters with a capacity of 196 and above, with a procurement capacity of 2GW and a reserve of 1GW. According to the order of the winning candidates, the winning capacity is determined to be 5:3:2. Huawei, as the first winning bidder, was awarded a capacity of 1000MW.
As the pioneer of string inverters, Huawei inverters, with their stable power generation performance and higher conversion efficiency, have increased power generation by more than 1% compared to similar products in terms of efficient power generation. In terms of ultimate safety, Huawei inverters, as the first DC "triple" safety inverter, have advanced functions such as intelligent string breaking technology, PV terminal board design and intelligent terminal temperature detection, MPPT level DC insulation diagnosis technology, etc. In addition, Huawei inverters also have L5 level MBUS power line carrier communication function, which realizes the function of transmitting communication data through inverter AC cables, reduces the manpower and material resources for laying ordinary communication cables, and improves engineering efficiency.
TBEA wins bid for 4 projects
Determine the winning capacity of 640MW
In this statistical period, TBEA ranked the third in the list of successful bidders, winning four projects (bid sections) of middling coal, China Nuclear Corporation and other enterprises, and determining the winning capacity of 640MW.
Among them, Photovoltaic Headlines (WeChat ID: PV-2005) According to public information statistics, in November, the lowest bid winning project of TBEA was the procurement of inverter equipment for the 200MW photovoltaic composite project in Zhongguan Town, Longhua. As the first candidate for winning the bid, TBEA has a bidding unit price of 0.088 yuan/W.
The highest priced winning project for TBEA in November was the procurement of inverters for the Tangshan Fengrun District Photovoltaic Power Generation Project of China Nuclear 25th Construction Co., Ltd. in the second level centralized procurement task of China Nuclear Construction. This project purchases 228kW and 330kW string inverters. The winning bidder for the special substation project is 0.127 yuan/W.
Sunshine Power won 11 projects
Confirmed winning capacity of 630.89MW
In this statistical period, Sungrow Power ranked the fourth in the list of successful bidders, winning 11 projects (bid sections) from enterprises such as Power Construction, State Power Investment, middling coal, National Energy Group, and China Nuclear Power, with a determined winning capacity of 630.89MW.
Among them, the photovoltaic headline (WeChat: PV-2005) shows that the lowest price winning project of Sungrow Power in November was the first batch of 1500V series inverter (196kW and above) framework centralized procurement of China middling coal Energy Group Co., Ltd. in 2024 according to the statistics of public information. Sunshine Power, as the second bidder, obtained a 600MW share with a winning bid price of 0.11 yuan/W.
The highest priced winning project for Sunshine Power in November was the procurement of inverters for the EPC project of Guangzhou Hanma Electronic Technology Photovoltaic Project by Shenzhen SEGLongyan Energy Technology Co., Ltd. This project purchases a 110kW string inverter with a capacity of 0.44MW. Sunshine Power Supply, as the winning bidder, has a bid price of 0.159 yuan/W.
As a leading enterprise in the field of inverters, Sunshine Power's inverter products cover all scenarios including household use, distributed, and large-scale ground/water surfaces. Taking middling coal Group's high-power series inverter as an example, Sungrow Power's 250kW, 320kW and 350kW products in multiple power bands have maximum efficiency of no less than 99%, and China's efficiency of no less than 98.5%. Maximum 6 MPPT channels, with up to 30 input channels to increase power generation in complex terrain, suitable for different capacity ratio designs.
77 projects with a bidding capacity of 65.95GW
Photovoltaic Headlines (WeChat ID: PV-2005) According to public information statistics, the bidding market for photovoltaic inverters remained hot in November. 13 central enterprises including Electric Power Construction, China General Nuclear Power Corporation, COFCO Group, China International Investment Corporation, China National Nuclear Corporation, China Railway Construction Corporation, Southern Power Grid, China Communications Construction Corporation, China Resources, China Railway, China Salt Group, China Aluminum Group, and State Grid Corporation of China, as well as 21 local enterprises, have released 77 bidding projects with a total capacity of approximately 65.95GW.
In terms of the November centralized procurement project, on November 13th, China Power Construction Group (Group) Corporation's 2025 photovoltaic inverter framework was shortlisted for centralized procurement. The project is divided into 4 sections, with a total procurement capacity of 51GW. On November 20th, the bidding announcement for the centralized procurement of photovoltaic inverter equipment framework for CGN New Energy 2025 was released, with a procurement capacity of up to 10.5GW for the project.
In terms of equipment requirements, according to publicly available information, Photovoltaic Headlines (WeChat ID: PV-2005) has purchased a capacity of 53.92GW for string inverters in this statistical period, accounting for 82%. The centralized inverter procurement capacity is 12.03GW, accounting for 18%.
Disclaimer: The data in this article mainly comes from public data and enterprise research. We strive for the comprehensiveness and accuracy of the data. If there are any omissions, please feel free to contact us for supplementation. This data does not constitute investment advice and is for readers' reference only.
Source: Photovoltaic Headlines
