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Post: Yingli Unsuccessful in Dunhuang Bid
An anonymous post on Solarzoom.com reports that no party has been awarded the tender for a 10MW photovoltaic (PV) power station in Dunhuang, Gansu province, and that the project's scale will be enlarged to 100MW in the next bidding round. Some ensuing responses confirmed the rumor, while others said that all companies that bid under RMB 1.5/Kwh will jointly win the bid. Another respondent suggested that not all competition is healthy, and that regulations must be established for domestic tenders. Jiangsu Energy Research Association (JERA) Secretary General Wei Qidong previously said that Yingli Green Energy (NYSE:YGE) and SDIC Huajing Power Holdings' (601886.SH) allied bid of RMB 0.69/kWh for the Dunhuang station was far below a profitable price. JERA has proposed to the National Energy Administration that future bidding be based on an average, rather than lowest, price, Wei said.
Previous reports said more than 60 companies, including Suntech Power Holdings (NYSE:STP), Canadian Solar (Nasdaq:CSIQ), Trina Solar Ltd (NYSE:TSL), Linuo Solar (600885.SH), China Power Investment Corporation and China Huaneng Group, participated in the Dunhuang bidding. Most companies submitted bids of less than RMB 2/kWh, while some bid at 1.88/kWh, said a participating executive.
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