The top ten winners in China’s 23GW tender

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Last week the Chinese National Energy Administration (NEA) revealed the winners of its feed-in tariff (FiT) auction.

The competitive tender is the replacement to the old FiT, which was halted as part of the 531 New Deal process in May 2018. In total, just short of 23GW of projects have been awarded.

Using the NEA data, along with other publicly available numbers and with some companies adjusting the final tallies, PV Tech can present the top ten winners from the tender, arranged by capacity awarded.

Company Total MWs awarded
1 Chinese State Power Investment Corporation 1,674
2 Sungrow 1,576
3 China General Nuclear Power Group 760
4 China Datang 617
5 Tongwei 550
6 Guangzhou Development Group 510
7 Jinko Solar 510
8 China HuaNeng Group 492
9 China Energy Conservation and Environmental Protection Group 475
10 Singyes Solar 380

Companies were invited to bid for a premium over and above the benchmarked electricity price in the province where a potential project is based. The lowest price across all the awarded projects was RMB0.2795/kWh, just over US$0.04.

Additional reporting by Carrie Xiao

This data is for illustrative purposes only and could be subject to a small degree of error. PV Tech has attempted to confirm these figures with the winners as much as possible.

A Sungrow project in China. Source: Sungrow
4 October 2022
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