{"id":151449,"date":"2025-03-14T15:38:12","date_gmt":"2025-03-14T15:38:12","guid":{"rendered":"https:\/\/www.pv-tech.org\/?p=151449"},"modified":"2025-03-14T15:38:16","modified_gmt":"2025-03-14T15:38:16","slug":"pv-price-watch-chinas-module-prices-reach-rmb0-75-w","status":"publish","type":"post","link":"https:\/\/www.pv-tech.org\/pv-price-watch-chinas-module-prices-reach-rmb0-75-w\/","title":{"rendered":"PV Price Watch: China’s module prices reach RMB0.75\/W"},"content":{"rendered":"\n
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In the most recent tender, modules were priced as high as RMB0.75\/W. Image: PV Tech.<\/figcaption><\/figure>\n\n\n\n

On 11 March 2025, the results of the China Datang Group’s 2025-2026 PV module framework purchase tender were announced, with the spot price of n-type modules increasing from RMB0.7\/W (US$0.097\/W) to RMB0.73\/W (US$0.1\/W), and some modules priced as high as RMB0.75\/W (US$0.11\/W).<\/p>\n\n\n\n

This seemingly ordinary tender became a market benchmark because of the record-breaking transaction prices.<\/p>\n\n\n\n

Among the results, the winning bid for the 19.5GW tunnel oxide passivated contact (TOPCon) module in Lot 1 was RMB0.692-0.705\/W, while the 2GW heterojunction technology (HJT) module in Lot 2 was priced at RMB0.7075-0.723\/W and the 1GW back contact (BC) module in Lot 3 reached a high of RMB0.745\/W.<\/p>\n\n\n\n

According to price analysis firm InfoLink: “Since March, the spot price of n-type modules in China has soared from RMB0.7\/W to RMB0.73\/W. Quotes from leading manufacturers are approaching the RMB0.75\/W mark.”<\/p>\n\n\n\n

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The results of the China Datang Group’s 2025-2026 PV module framework. Image: Datang.<\/figcaption><\/figure>\n\n\n\n

LONGi was quoted at RMB0.75\/W for its BC modules, as shown in the table above.<\/p>\n\n\n\n

On the same day, a 6GW project by Jinneng Holding was awarded a price of RMB0.72\/W. The company plans to procure 6GW of bifacial glass-glass TOPCon modules.<\/p>\n\n\n\n

Towards market-oriented bidding<\/h2>\n\n\n\n

Behind these figures lies a “price curve” driven by policy. In February this year, China’s National Development and Reform Commission issued the \u2019Notice on Deepening the Market-Oriented Reform of New Energy Feed-in Tariffs to Promote High-Quality Development of New Energy\u2019.<\/p>\n\n\n\n

The document set 1 June 2025 as a policy turning point; after this date, new projects will fully implement market-oriented bidding, and PV power plants that lose the guarantee of fixed feed-in tariff will have to face the risks of uncertain returns.<\/p>\n\n\n\n

This triggered a rush among developers, with distribution companies rushing to take orders, speeding up production and racing to meet grid connection targets. Module orders flooded manufacturers like a deluge.<\/p>\n\n\n\n

The collective rush to install has led to a surge in module prices. After the winning bid prices of leading companies rose, second- and third-tier manufacturers also followed suit, fueling a spiral of rising prices. For example, the transaction price of BC modules, which reached RMB0.75\/W, had risen by more than 20% since the beginning of the year.<\/p>\n\n\n\n

It is worth noting that although the current price of China\u2019s n-type modules has surpassed the 0.75 yuan\/W mark, polysilicon prices have remained relatively stable, as shown in the graph below.<\/p>\n\n\n\n

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