Photovoltaic Inverter News
International Energy Network
The latest updates on photovoltaic inverters reveal significant developments in the industry. On April 22, China Datang Group announced a tender for the procurement of photovoltaic inverters for the years 2025-2026. The announcement indicates a total procurement volume of 16GW.
Tenders and Procurement Announcements
In a related note, the first segment of the tender focuses on high-capacity string inverters, with a total estimated procurement of 14GW. This announcement was also made on April 22, highlighting the growing demand for advanced inverter technology in large-scale solar projects.
Furthermore, a second segment was announced, aiming for 2GW of centralized inverters. The delivery for this segment must meet the project timelines set for 2025-2026, with the first batch required within 50 days of notification.
Regulatory Updates
In Anhui’s Wuwei, a notification was issued requiring all distributed photovoltaic projects to complete the setting of inverter output voltage standards by June 20, 2025. This regulation aims to enhance the management of safe operational practices for distributed photovoltaic systems.
Major Procurement Results
The results of the centralized procurement of 800MW inverters for the South-to-North Water Diversion project have been released, with nine companies qualifying across three bidding sections. The procurement includes both centralized inverter systems and various power string inverters, with competitive pricing varying by section.
Quarterly Reports and Rankings
In Q1, Lujiang County successfully signed a contract for a project to produce 3.5 million photovoltaic inverter components annually. During this quarter, a total of 204 photovoltaic and energy storage projects were registered, with a total investment of 251 million yuan.
The photovoltaic inverter ranking for January to March shows that state-owned enterprises tendered around 95 projects, totaling 23.57GW. Leading companies include Huawei, Zhuzhou Converter, and Sungrow, dominating the market with a significant share.
Recent Tender Wins
On April 8, Xiamen Kehua Data Technology Co., Ltd. won a bid for a procurement project involving 140.1MW of string inverters for a photovoltaic power station in Yunnan. The contract includes installation and service for a range of inverter systems.
Additionally, Jiangsu province announced the results of a bidding process for solar photovoltaic inverters, with several suppliers selected for their competitive offers.
IPO News
On April 2, Shihang New Energy officially listed on the Shenzhen Stock Exchange, becoming the 16th photovoltaic inverter company to go public. The opening price was set at 40 yuan per share, achieving a total market value of 15.05 billion yuan. The company specializes in photovoltaic inverters and energy storage systems, with a significant portion of its revenue generated from international markets.
Market Trends
From January to February, the total capacity of photovoltaic inverter tenders reached 94.31GW, with over 96% coming from state-owned enterprises. The trend indicates a rising demand for string inverters, with the lowest bid recorded at 0.084 yuan/W and the highest at 0.293 yuan/W.
Overall, the photovoltaic inverter market is showing robust growth, driven by increasing project requirements and technological advancements.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/dagang-group-announces-2025-2026-framework-procurement-for-16gw-of-photovoltaic-inverters/
