In December, the heat of the centralized procurement market dropped, and the off-season characteristics at the beginning of the year were obvious. According to the incomplete statistics of the digital new energy DataBM. Com, the total number of photovoltaic module procurement projects that have been published in December and announced by the winning candidates is about 7.75 GW, covering 23 calibration projects and 8 pending calibration projects, of which the calibration capacity is 5.45 GW.
In December, , according to incomplete statistics of digital new energy DataBM. Com, In December, the total number of photovoltaic module procurement projects announced by the successful bidders and candidates reached about 7.75 GW , covering 23 calibration projects and 8 pending calibration projects. Among them, the calibration capacity was 5. The calibration capacity decreased by 73.1% compared with November . Compared with 8.7 GW in December 2024, it decreased by 37.
Meanwhile, the bidding price range of component centralized procurement project in December was 0.66-0.87 yuan/W . The price range has moved up significantly, and the average price has increased by 6% compared with the same period in December 2024.
(For details of the last monthly review, see DBM monthly review: China Energy Construction, China Power Construction, Huadian..20GW! The Three Gorges Group released 2. The bidding capacity of other bidding units is relatively small, and there is no large-scale centralized procurement project, and none of the cumulative bidding scale has reached 1.
It is noteworthy that although the overall market heat has declined, some bidding units are still actively promoting the procurement process before the end of the year. For example, the 0.96GW centralized procurement project of Shuifa Xingye Energy was finalized in January, and the proportion of 1.BC + HJT components of Guangdong Development Group
increased significantly! 6% to 22.
In addition, the demand for high-power and high-efficiency components has increased significantly. Most projects have a clear requirement for component power, and the purchase demand for specifications above 620 W is much higher than that for low-power segments. At the same time, in terms of conversion efficiency, about 1.3 GW of scaled capacity clearly requires that the module efficiency should not be less than 23.0% . Longji, Tongwei and Jingke ranked the top three, accounting for 23
% of the total calibration capacity, and the calibration volume generally increased
compared with the previous month. According to Digital New Energy DataBM, the overall scale of winning bids generally increased. The top three enterprises ( Longji Green Energy 1.7 GW, Tongwei Stock 1.4G W, Jingke Energy 1.)
Are in the contraction stage of the bidding market at the end of the year. For example, in December 2024, only Longji Green Energy, GCL Integration, Trina Solar and Haitai Xinneng won the bid with a capacity of more than 1. Similar to the same period last year, the market structure in December this year also showed a significant overall contraction of capacity at the end of the year and the concentration of orders to leading enterprises.
According to the incomplete statistics of the digital new energy DataBM. Com, the bidding price range in December was 0.66-0.87 yuan/W . The price range is stable as a whole, but there is a loosening. The highest price, average price and lowest price changed by 14.01%, 3.57% and 2.
The highest price appeared in the procurement project of photovoltaic module equipment of Huaihua Branch of China Tower in 2025. Zhejiang Yingli Technology Co., Ltd. gives 0. The lowest price appears in the 2025-2026 photovoltaic equipment 0 HTML of Jiangsu Branch of Iron Tower Energy Co., Ltd. 0 UNK5 6 (PV modules) project, 0 HTML0 UNK5 7 Nanjing Eurotherm Electric Co., Ltd. 0 HTML0 UNK5 8 reported 0 HTML0 UNK5 90.0 HTML0 UNK60 In December, the prices of silicon materials and silver rose, but due to the impact of manufacturing cycle and centralized procurement process, they have not yet been fully transmitted to the centralized procurement of modules. 0 HTML 0 UNK6 1 This month's bid price increase is more due to policy reasons-price limit measures 0 HTML 0 UNK6 2. At the end of November, there was a market rumor that "the bidding price below 0.75 yuan/W will not be included", which was verified in the opening process of the Three Gorges Group (0 HTML 0 UNK63 quoted more than 80% at 0. Chuan head enterprises signed the industry self-discipline 2.0 convention, 0 HTML 0 UNK66 component link minimum price or 0.735 yuan/W0 HTML 0 UNK67, taking this as the water line, the bidding price in December is still 11.8% in 0.0 HTML 0 UNK68 Outlook: Supply-side and demand-side contradictions appear 0 HTML 0 UNK69 December total calibration capacity 0 HTML 0 UNK70 compared with November 0 HTML 0 UNK71 0 HTML 0 UNK72 decreased by 73.1% 0 HTML 0 UNK73. 0 HTML 0 UNK74 Declined from December 2024 37. In the second half of 2025, after a small peak in November, it fell again, and the off-season characteristics became more and more obvious. 0HTML0UNK75
At present, the distributed market is in a period of rising prices at the same time. According to a recent survey conducted by the Digital New Energy DataBM. Com, the head manufacturers generally raised their prices from late December to early January (the head brand TOPCon components rose to
0.70-0. The obvious contradiction at the beginning of 2026 lies in the strong rising expectation on the supply side and the limited demand on the demand side. At the end of 2025, many provinces have released the results of mechanism electricity price bidding. At present, Shanghai is at the highest clearing price of 0.4155 yuan/kWh, and Gansu is at the lowest clearing price of 0.4155 yuan/kWh. Some institutions point out that the expectation of price increase at the production side is very strong. The price of integrated components needs to reach 0.88-0. Areas with high electricity prices such as Shanghai will become one of the few areas that can afford high-priced components and guarantee revenue, while areas with low electricity prices such as Gansu will face the crushing of high costs on revenue and directly hit the demand for installed capacity.
Generally speaking, March will become an important observation window: after the Spring Festival, with the resumption of construction rhythm and the start of a new round of projects, the actual purchasing attitude of power plant investors and the implementation effect of the "anti-involution" policy on the supply side will give a clear signal.
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