Capacity, Applications, and Outlook

Tender Scale: 530W+ High-Power Modules at 92.69%; Large-Sized Modules (182mm & 210mm) at 96.4% TRENDFORCE ■ Various central and state-owned enterprises have announced 89.4GW of PV module tenders in 2022, and remain as the main driver of procurement judging by tenderers. China Huadian and SPIC have both exceeded 10GW in centralized PV module procurement in 2022, while the top 5 businesses are occupying 61.03% of the total tender scale. It is worth mentioning that new emerging companies, such as Xing Gang Investment, Fushun Mining Group, Chinal Coal Energy, and Tysen-kld, have also started amplifying their intensity in PV module purchases. ■High-power modules remain thriving in demand among confirmed module tenders. The confirmed tender capacity for 530W + modules is at 82.9GW, which occupies 92.69% of the total tender scale. 182/210mm modules are mainstream products favored by central and state-owned enterprises this year. N-type modules have surpassed 2GW in tender scale, and are also favored by central and state-owned enterprises. Modules at 375W -470W are merely seeing a tender scale of 5GW, which is a rapid reduction from the purchase volume in 2021. Large-sized modules (182mm & 210mm) have thus accelerated in deployment, with a tender ratio now arriving at 93%. As seen from the announced PV module tenders at 89.4GW, there are approximately 72.2GW of tenders (77%) that have yet to clearly specify size requirements, and are only asking for a power of 530W and above. 17.2GW of tenders have specified on module sizes, of which large-sized modules (182mm & 210mm) have a scale of 13.97 GW at 81.2% (ratio for sizes specified by 17.2GW). Top 15 Tenderers (Unit: MW) Tender Scale for Modules of Various Power Ranges (Unit: MW) Tender Scale for Various Sized Modules (Unit: MW) China Huadian 15000 SPIC 10400 1% 6% CGNPC 9510 Power China 9157 CR Power 8100 CNNP China Three Gorges... 7500 6566 CNPC 4500 Xinhua Hydropower 4000 China Huaneng 2166 Guangdong Hydropower 2000 Jinneng Holding Group 1200 93% SDIC 1165 CNNC Nanjing 1000 Shanxi Construction 1000 0 5000 10000 15000 20000 ■ Unspecified Power ■ < 500 ■ ≥530 77% 3% 13% 3% ■ 166 182 4% ■ 210 ■ 166/163 ■ 166/182/210 ■ 182/210 OTrend Force All Rights Reserved

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