The top five companies securing bids— Sungrow, Huawei, Sineng Electric, Zhuzhou Converter, and TBEA—accounted for nearly 85% of the total procurement volume, maintaining their dominance in the market. 43GW inverter projects by central SOEs in January! According to incomplete statistics from the International Energy Network/PV Headlines (PV-2005) based on public information, from January 1 to January 31, about 18 inverter bidding. POWERCHINA is locking in prices for its solar module and inverter requirements for 2025. (Illustrative Photo; Photo Credit: Lidia Daskalova/Shutterstock. com) Chinese energy projects developer POWERCHINA has concluded what is easily the world's largest solar module and inverter procurement process. Tender Impulse is the go-to tender website for businesses seeking verified and timely updates on public tenders, government tenders, and business tenders in a wide range of sectors. In the first quarter of 2024, over 62. 44 GW of solar inverter procurement bids were announced, up by 32% compared to the same period in 2023. String inverters dominated the market, accounting for 80%. On June 4, the winning bid result for the inverter equipment procurement of the CR New Energy Yunnan Zhongzhai PV Power Generation Project was announced. The winning bidder was Dongfang Hitachi (Chengdu) Electric Control Equipment Co.
