Chinese energy and infrastructure developer PowerChina has announced its 2025 procurement plan, aiming to acquire 51 GW of solar panels and inverters, along with 16 GWh of energy storage systems (ESS) for its renewable energy projects.
The solar tender is divided into three lots, covering self-financed and contracted projects with n-type tunnel oxide passivated contact (TOPCon) and heterojunction (HJT) modules.
Inverter procurement is split into centralized and string inverters, and the energy storage plan focuses on safety and performance requirements. All entries must be submitted by December 4.
Since the start of the 14th Five-Year Plan in 2021, PowerChina has increased its annual solar procurement targets, with a total investment of 139 GW in solar projects by the end of the plan.
The company reported 2023 revenues of CNY609.4 billion ($641.7 billion) and net profit of CNY13 billion. For the first half of 2024, it posted revenue of CNY284.9 billion and net profit of CNY6.34 billion.
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