China General Nuclear Power New Energy selects 8 companies for 9 GW PV inverter supply agreement

China General Nuclear Power New Energy (CGN New Energy) has announced the pre-selection of eight companies for a substantial 9 GW photovoltaic (PV) inverter acquisition framework agreement, slated for 2026. This significant procurement initiative underscores CGN New Energy's forward-looking strategy to secure critical components for its future solar project pipeline. The framework agreement nature suggests a long-term strategic partnership approach, aiming to ensure supply stability and potentially favorable terms for a considerable volume of inverters, a key component in solar power generation. The selection of eight diverse suppliers, including industry leaders like Sungrow, Sineng Electric, and Digital China (Shenzhen), highlights the competitive yet robust landscape of the Chinese PV inverter market. Sungrow, known for its specialization in renewable energy power supply devices, is a particularly notable inclusion, reflecting its strong market position. The involvement of multiple suppliers mitigates supply chain risks and fosters competitive pricing, benefiting CGN New Energy's extensive solar development plans. While the deal value remains undisclosed, the sheer 9 GW capacity indicates a multi-billion dollar commitment over the agreement's lifespan. This deal is a clear indicator of the continued aggressive expansion within China's solar energy sector. As a major player, CGN New Energy's proactive procurement of such a large capacity of inverters for 2026 signals sustained growth and investment in renewable energy infrastructure, further solidifying China's position as a global leader in solar power deployment. The framework agreement provides certainty for both the buyer and the selected suppliers, enabling better planning and resource allocation for future projects.