Tongwei Photo voltaic, EGing PV and LONGi have been shortlisted as candidates for the fifth module procurement spherical of Hong Kong vitality firm China Sources Energy.
The state-owned vitality firm is searching for 3GW of PV modules, together with 2.9GW of bi-facial 545W modules and 100MW of mono-facial 545W modules.
Tongwei submitted a bidding worth of RMB5.827 billion (US$840 million), with a unit worth of RMB1.942/W (US$0.28c/W), whereas EGing PV put ahead a bidding worth of RMB5,984 billion (RMB1.995/W) and LONGi a complete bidding worth of RMB6.061 billion (RMB2.020/W).
PV Tech understands that the bidding consists of freight for 1,000km of transportation. The supply time and development interval is 90 days after the procurement contract signed by the bidder and the module supply time is from 10 September to 10 December 2022.
Tongwei lands prime spot
The mission will appoint one module provider, that means Tongwei will most certainly get the module procurement order value 3GW.
In a current institutional survey, Tongwei mentioned that it’ll increase its module enterprise primarily based on the trade’s growth in addition to making preparation in organisational construction and expertise recruitment, however can not disclose additional info because of privateness issues.
Tongwei has demonstrated manufacturing and upkeep capabilities in silicon materials and cells, and even gathered technical expertise within the module sector. At current, the corporate has 6GW of module manufacturing capability.
Contemplating Tongwei’s controlling functionality within the cell and silicon sectors, it mentioned it was effectively place to increase its module capabilities, supported by benefits when it comes to infrastructure and trade data.
Tongwei mentioned within the survey that its modules arm was endeavor small-scale analysis and growth actions. It additionally famous how the corporate didn’t initially intend to maneuver into module manufacturing however is now concentrating on higher vertical integration.
Early stage fluctuation in costs within the PV provide chain are associated to periodic shortages of capability attributable to inadequate contributors in every sector, Tongwei mentioned. Because of this, the corporate has made a agency plan to focus on 30-50GW of module manufacturing.
