In September, the domestic PV module collection market reached a trough in the third quarter, but the average bidding price rebounded.
According to the incomplete statistics of digital new energy DataBM. Com, the total amount of photovoltaic module calibration in September is about 6.27 GW . Compared with August , it decreased by about 49.8% and increased by about 33%
compared with September 2025. The average bidding price in September was 0.732 yuan/W , up 3.04% from August . Compared with September 2025, there was a slight increase of 1.
(See the monthly review of the previous period: China Resources and China Nuclear led the way, and the PV module calibration in August increased by more than 250% year-on-year! According to com incomplete statistics, the total capacity of the centralized procurement market in September 2026 was 6.27 GW , which was 49.7% lower than that of 12.47 GW in August . The decline is close to half; However, compared with 4.72 GW in September 2025 , it still increased significantly, up 32. A total of 23 projects were completed in September, the number of projects decreased by 5 compared with August, and another 4 projects have been in the state of candidate publicity.
From the perspective of project structure, after excluding the annual framework procurement project, the capacity of conventional power station procurement project is about 1.97 GW , accounting for 31.4% of the total amount of the month. However, it should be emphasized that the recovery of conventional share does not mean that conventional demand has improved, and its capacity is still the lowest since the third quarter of 2026.
China Railway Construction and South-to-North Water Transfer occupy the main body of 4.3GW, and 25.5G W is to be determined
. From the point of view of bidding units, unlike the two major power central enterprises, China Resources Power and China Nuclear Group, which dominated in August, the top two in September are non-power central enterprises. China Railway Construction ranked first with 3GW , accounting for 47.8% of the monthly total. The South-to-North Water Transfer Group ranked second with 1.3GW, accounting for 20.
China Electric Power Construction 4G W and China Anneng 1.5g W Component Collection Project are in the stage of candidate publicity. China Nengjian 15GW and Huadian Group 5G W Component Collection Project are in the tender opening stage-in the fourth quarter, about
25.80% of the total procurement types have not been publicly designated.
From the point of view of component technology route, nearly 80% of the projects in September did not specify specific component types, while in the bidding projects with clearly marked procurement types. TOPCon modules account for 77.1% and BC modules account for 22.
In September, the total capacity of the defined power segment is about 1.8G W, of which the capacity of the 630W and above high-power segment is nearly 1.6G W, which is equivalent to 25% of the total capacity in September. It can be seen that the high-power has completely changed from the trend to the standard . China Railway Construction Corporation, South-to-North Water Diversion Project and other large-scale frame mining enterprises have significantly reduced the overall scalar quantity of
component enterprises, and the actual order quantity of Huansheng and Hongyuan ranks first
. JinkoSolar , are Huansheng Photovoltaic, Hongyuan Green Energy, Gepu Solar Energy, The scaled capacity of Runma Solar Energy
According to the incomplete statistics of the Digital New Energy DataBM. Com, In September, the overall bidding unit price range was 0.650-0.826 yuan/W . The highest price, the average price and the lowest price changed by -4.75% and + 3.04% respectively. + 4.
The highest price appeared in the public bidding project of Huizhou Longyuan Electric Power Technology Service Co., Ltd. for photovoltaic module frame in 2026-2027. Guangdong Dongjiang New Energy Technology Co., Ltd. quoted a price of 0.826 yuan/W; The lowest price appeared in the centralized procurement project of photovoltaic modules of Zhejiang Branch of China Iron Tower Co., Ltd. in 2026-2027. Nanjing Eurotherm Electric Co., Ltd. reported that the recovery of the
average price was due to the structural pull of the demand for high-power components and BC components. In September, the frame mining of China Railway Construction and South-to-North Water Diversion Project generally required efficiency ≥ 23.8%, power above 630W, and the bid price of BC section reached 0.775-0.However, it is worth noting that. 4.
Review and outlook: In the fourth quarter, the reserve of centralized projects was sufficient, but the price was still under pressure
. In September, the centralized procurement market showed the characteristics of "volume reduction and price stability", and the total bidding volume was almost halved, returning to the low range of this year, but the average bidding price ended three consecutive declines. 3.
It is worth noting that there is a certain differentiation in the price level of photovoltaic modules. In the distributed component market, according to the data of Digital New Energy DataBM. Com, the price index of TOPCon 210mm and TOPCon 210R components remained flat in September. The overall trend is steady and declining -six manufacturers have lowered the price of low-efficiency components before the long holiday, and the price of high-efficiency products of leading manufacturers has also fallen to
0.70-0. 3. The price trend of the two markets deviated in September because the component collection market was supported by policy constraints and industry self-discipline. The National Development and Reform Commission and the General Administration of Market Supervision jointly issued the Notice on Cost Accounting of Low Price and Disorderly Competition of Important Industrial Products, which sets up a yardstick for "sales below cost" that can be accounted for, investigated and warned.
Looking forward to the fourth quarter, the market demand for PV modules collection is still supported by a large number of reserve projects. Currently, the centralized procurement of PowerChina 4GW and China Anneng 1.5g W components is in the stage of candidate announcement, and the tender opening stage of PowerChina 15GW and Huadian Group 5G W is in the stage of tender opening, totaling about 25. The above projects will be awarded according to the normal rhythm or in the fourth quarter, and the total amount of bidding is expected to increase significantly.
However, the price side is still not optimistic. On the one hand, the distributed price is still in the downward channel , according to the research of digital new energy DataBM. Com, the current domestic and foreign component prices continue to be weak , and the domestic distribution market transaction price has reached the edge of 0.70 yuan/W in a large area. After the long holiday, some manufacturers spread the news of price reduction; Although the European market has ended its summer break, the pace of demand recovery is slow, local spot quotations continue to decline, and the prices of various components have fallen by 1.1% to 3.
Low-price competition has not disappeared because of policy constraints. In the recent bid opening projects, the lowest quotation of Huadian Group for the centralized procurement of 5G W components has been reduced to 0.665 yuan/W , which is about 9% lower than average bidding price of the centralized procurement in September. Considering that the volume of this batch of frames is as high as 5G W, the current quotation range may have a significant downward effect on the subsequent average price of the centralized procurement.
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