Tender for photovoltaic panels at Gushui Plant

Why are solar photovoltaic (PV) tenders becoming more popular?

Protecting the environment and developing the green economy is becoming a focus for businesses and property owners as well as utilities and governments. This is driving an increase in the number of solar photovoltaic (PV) tenders being issued to award contracts for project construction and maintenance.

How many photovoltaic projects in China have faulty monitoring instruments?

Two field-testing engineers from different Chinese project certification companies estimated that 80% of photovoltaic projects in China have faulty or wrongly configured monitoring instruments, which can result in either under- or overstating production estimates in acquisition contracts.

Is solar energy project development in China still in its primary growth phase?

Solar energy project development in China is still in its primary growth phase. The year 2012 marks the first year of China’s strong scale-up of solar energy capacity. Table 1.1. Growth of wind and solar power in China: capacity and generation. Includes small number of experimental demonstration projects using alternative technologies.

What are the risk factors for photovoltaic project development in China?

China-specific risk factors for photovoltaic project development are identified. High cash flow risk and lack of legal recourse inhibit private sector investment. Opaque public tenders and rent-seeking lead to low field performance. High-level reform attempts fail to gain traction due to vested interests.

How many mw was awarded in a solar-plus-storage tender?

As usual, the solar tender was significantly oversubscribed, luring 98 proposals of 493 MW in total, against a target of 100 MW. The awarded capacity was 100.55 MW, coming from 18 projects. The bid price ranged between EUR 0.0355/kWh and EUR 0.0521/kWh. January 2020, 609 MW awarded in 2nd solar-plus-storage tender.

Are large-scale photovoltaic projects risk borne by institutional investors?

From the perspective of investment risk as borne by institutional investors , large-scale photovoltaic projects remain the primary form of risk exposure in China . China-specific project-level risk factors for large-scale photovoltaic projects are not sufficiently discussed and systematized in the current body of knowledge.