DBM Monthly Review: China Energy Construction, China Power Construction, Huadian..20GW! In November, the collected data finally began to rise.

In November, , according to incomplete statistics of digital new energy DataBM. Com, In November, the total number of photovoltaic module procurement projects that have been announced as winning bids and candidates for winning bids has reached about 20. The capacity of calibration has increased by 647.8% compared with October. However, compared with 29.2 GW in November 2024, it still decreased by 8.

The calibration price range of the centralized procurement project in November is 0.64-0.

(For details of the monthly evaluation of the previous period, see

According to the historical statistics of the Digital New Energy DataBM. Com, in November 2024, there were about four state-owned energy enterprises with a scale of more than 1.0 GW (Huaneng Group 15.0 GW, China Coal Energy 4.0 GW, China Energy Conservation 2.5 GW, China Resources Power 1. Although in November this year, the total amount still reached 20.

Zhengtai, Xiexin and Dongci ranked the top three, and the single scalar quantity was less than 1GW

. The calibration volume of Xiexin Integration, Tongwei Stock and Jingao Science and Technology declined to varying degrees compared with last month.

It should be noted that some framework procurement projects have not confirmed the specific capacity allocation (for example, China Nengjian 17 GW component procurement project), which objectively leads to a large number of missing bid-winning capacity of enterprises.

The bidding range has narrowed, the high price range has shrunk dramatically, and the average price of components has remained stable

. According to incomplete statistics from the Digital New Energy DataBM. Com, the bidding price range in November was 0.64-0.77 yuan/W . The price range is stable as a whole, but there is a loosening. Highest price, average price and lowest price changed by -5.79%, + 0.60%, + 0.

The highest price appears in the photovoltaic module procurement project of the distributed photovoltaic power generation project in Zone C of Zifeng Research Park and Zone de of Pioneer Park. Zhejiang Runhai New Energy Co., Ltd. reported that the lowest price of 0.00 appeared in the internal procurement (secondary) project of photovoltaic modules of Aohan Banner Photovoltaic Power Station Construction Project (Phase II and Phase III). Inner Mongolia Shengheng Electric Power Equipment Installation Engineering Co., Ltd.

In mid-November, it was rumored that the industry price limit in the centralized procurement market was about 0.75 yuan/W , which was reflected in the large-scale centralized procurement project of components of the Three Gorges Group opened in November ( more than 80% of the quotations were 0. Only 9.

Follow-up outlook: Large-scale centralized procurement brings strong support, and the first quarter is expected to maintain a steady and positive attitude

. In November, the total amount of bidding increased by 647.8% compared with October. Although compared with 29.2GW in November 2024, it still decreased by 8.

will be difficult to continue the momentum of November 0HTML0UNK 50, turn into a relatively cold state. The main reason is that the monthly data of 0 HTML 0 UNK5 does not represent the general activity of the market. 0 HTML 0 UNK5 2 mainly relies on the landing of a single super-large centralized procurement project, showing distinct structural characteristics. Except for the head projects, the capacity of other projects is generally small, and the overall tone of "cold wait-and-see" in the market remains unchanged; Second, the demand side of 0 HTML 0 UNK5 3 continues to wait and see 0 HTML 0 UNK5 4, because the terminal power station is highly sensitive to product prices, mechanism prices, etc., and the collection of flow marks and delays are common (according to incomplete statistics of digital new energy DataBM. Com). In November, about 54.0 HTML 0 UNK5 5 were published in a single month. Despite short-term pressure, they are cautiously optimistic that the market will be stable and positive in the first quarter of next year. The landing of large-scale centralized procurement projects such as China Power Construction 31 GW Component Project and China Nengjian 17 GW Project may provide certain support for the component demand in the first quarter and the first half of 2026. HTML0 UNK5 6 In addition, in view of the global and domestic demand for the whole year of 2026, recently HTML0 UNK5 7 Most enterprises still hold a bullish view HTML0 UNK5 8: HTML0 UNK5 9 Jingao Technology HTML0 UNK60 revealed that the installed capacity is expected to continue to grow next year. In particular, the growth rate of installed capacity in Asia-Pacific and Africa is expected to accelerate; 0 HTML0UNK61 Longji Green Energy 0 HTML0UNK62 also indicates that the newly installed capacity in Central and East Africa, Latin America and other regions is still considerable, while that in Europe and the United States will remain stable; But at the same time, 0HTML0UNK63 Hengdian Dongci 0HTML0UNK64 holds the opposite view, believing that the global installed capacity will decline in 2026, and the uncertainty of overseas markets, especially the U.S. market, will increase.