According to Jibang Consulting, the domestic penetration rate of N-type components reached 84% in the first half of the year, an increase of 24% compared to the previous period.

Zhitong Finance · Jul 5 01:42

智通财经APP获悉，据TrendForce集邦咨询中国光伏产业招投标数据库统计，2024年H1国内组件集采招标容量约为108GW，其中N型组件招标量已达90.3GW，占比84%，这一数值较2023年H2上涨24%，N型组件渗透率持续提升，目前已占据市场绝对主流地位，P型组件市占率下降明显。

单月来看，2024年6月国内组件招标量约10.4GW，环比持续下滑，主要是一些小规模的集采，亦侧面印证了国内集中式需求不及预期，其中，明确N型组件招标量达8.56GW，占比约82%;

图：2023年-2024年6月国内组件月度招标容量(MW)

从功率上看，2024年H1国内共有约108GW组件招标，570W及以上组件为主流，招标规模约74.6GW(69%)，600W以上的组件招标规模5.3GW(4.9%)，其中约有873MW明确提出招标700W及以上组件;而在单双面选择上，在108GW组件招标中，明确双面组件招标规模达62.6GW，占比约58%，其中双面双玻招标规模占比约26.7%(28.8GW)。

投标价格方面，2024年H1共有约29GW P型组件项目集采开标(包含部分综合报价项目)，各项目投标价格在0.74元/W-0.978元/W之间，随着组件上游价格的持续下滑，组件开标价格也跟随下滑，4月P型组件投标均价已降至0.82元/W，较2023年12月下降12%，且P型组件需求减少明显，5-6月均无P型组件集采项目开标。

图：2023年-2024年6月P型组件月度开标价格趋势(元/W)

目前开标项目需求主要以N型TOPCon组件为主。2024年H1共有约111GW N型TOPCon组件项目集采开标，各项目投标价格在1.18元/W-0.75元/W之间。单月来看，6月共有约3.35GW N型TOPCon组件集采开标，投标价格在0.77-0.90元/W之间，投标均价为0.811元/W，环比-1.34%。其中，6月5日，国电电力内蒙古综合能源蒙西鄂尔多斯采煤沉陷区3000MW光伏项目第三批光伏组件采购开标，共有20家企业参与投标，投标价格在0.789-0.869元/W之间。均价为0.823元/W;一线企业(晶科、隆基、天合、晶澳)投标价格在0.812-0.862元/W，投标均价为0.837元/W，二线企业投标价格为0.789-0.869元/W，均价为0.82元/W。一、二线企业投标均价价差为0.017元/W。其中有5家企业的单瓦投标价低于0.8元，均为二线企业投出。

图：2024年5-6月国内N型TOPCon组件投标价格趋势，单位：元/W

从中标结果(包含入围)来看，2024年H1已公布中标结果及中标候选人的规模达161.5GW，含已定标规模101.7GW，第一中标候选人规模59.8GW。在组件中标结果中(含定标及第一候选人中标)，晶科、隆基、天合、晶澳四家一线企业中标规模达64.7GW，占比达40%;Top10组件企业(晶科、隆基、天合、晶澳、通威、一道新能源、阿特斯、东方日升、协鑫集成、正泰新能)中标规模达81.2GW，占比50%。

图：2024年H1国内光伏组件招标采购中标规模，单位：MW

According to TrendForce's database of China's photovoltaic industry bidding and tendering, in H1 2024, the capacity of domestic component group procurement bid is about 108GW, among which the bidding volume of N-type components has reached 90.3GW, accounting for 84%. This value has risen by 24% compared to H2 2023, and the penetration rate of N-type components continues to increase. Currently, they have an absolute mainstream position in the market, while the market share of P-type components has significantly decreased.

Looking at it monthly, in June 2024, the domestic component bidding volume was about 10.4GW, which continued to decline month-over-month, mainly due to small-scale centralized demand that fell short of expectations. Among them, the bidding volume of N-type components reached 8.56GW, accounting for approximately 82%.

Figure: Monthly bidding capacity (MW) for domestic components from June 2023 to June 2024

In terms of power, there are approximately 108GW of component bids in H1 2024, with 570W and above components as the mainstream. The bidding scale is about 74.6GW (69%), and the bidding scale of components above 600W is 5.3GW (4.9%). Among them, about 873MW specifically proposed bidding for components of 700W and above. In terms of single/double-sided selection, among the 108GW component bids, the bidding scale for double-sided components is about 62.6GW, accounting for approximately 58%, and the bidding scale for double-sided and double-glass accounts for about 26.7% (28.8GW).

In terms of bid prices, in H1 2024, there were about 29GW P-type component project centralized bidding openings (including some comprehensive price projects), and the bidding prices for various projects ranged from 0.74 yuan/W to 0.978 yuan/W. As upstream component prices continued to decline, component bidding prices also followed suit. In April, the average bid price for P-type components had dropped to 0.82 yuan/W, a 12% drop from December 2023. In addition, there was a significant decrease in demand for P-type components, and there were no P-type component centralized procurement projects opened in May and June.

Figure: Trend of monthly P-type component bid prices from 2023 to June 2024 (yuan/W)

At present, N-type TOPCon components are the main source of demand for bidding projects. In H1 2024, there were about 111GW N-type TOPCon component project centralized bidding openings, and the bid prices for various projects ranged from 1.18 yuan/W to 0.75 yuan/W. Looking at it monthly, about 3.35GW of N-type TOPCon component centralized procurement bid openings were held in June, and the bid prices ranged from 0.77 yuan/W to 0.90 yuan/W, with an average bid price of 0.811 yuan/W, a month-over-month decrease of 1.34%. Among them, on June 5th, GD Power Development Inner Mongolia Western Energy Erdos Mining Subsidence Area 3000MW photovoltaic project held the third batch of photovoltaic component procurement tender opening, with 20 enterprises participating in the bidding and the bidding prices ranging from 0.789 yuan/W to 0.869 yuan/W, with an average price of 0.823 yuan/W. First-tier enterprises (Jinko, Longi, Tongwei, JA Solar) bid prices ranged from 0.812 yuan/W to 0.862 yuan/W, with an average price of 0.837 yuan/W, while second-tier enterprises bid prices ranged from 0.789 yuan/W to 0.869 yuan/W, with an average price of 0.82 yuan/W. The price difference between bids submitted by first-tier and second-tier enterprises was 0.017 yuan/W. Among them, 5 companies had single-watt bid prices below 0.8 yuan, all submitted by second-tier enterprises.

Figure: Trend of N-type TOPCon component bid prices from May to June 2024, in yuan/W

According to the bidding results (including shortlisted candidates), the scale of winning bids and shortlisted candidates has reached 161.5GW in H1 2024, including a defined scale of 101.7GW and a first shortlisted candidate scale of 59.8GW. Among the component winning bids (including defined and first shortlisted candidates), the winning scale of first-tier enterprises such as Jinko, Longi, Tongwei, and JA Solar reached 64.7GW, accounting for 40%; The winning scale of Top10 component companies (Jinko, Longi, Tongwei, JA Solar, Trina Solar, Risen Energy, ATES, Chint New Energy) reached 81.2GW, accounting for 50%.

Figure: Domestic photovoltaic component bidding procurement winning bid scale in H1 2024, in MW

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

集邦咨询：上半年国内N型组件渗透率达84% 环比上涨24%

According to Jibang Consulting, the domestic penetration rate of N-type components reached 84% in the first half of the year, an increase of 24% compared to the previous period.

Risk Disclaimer

Statement