Electric power equipment and new energy industry: “Implementation Plan for Promoting the High-quality Development of New Energy in the New Era”, the development of the wind and solar industry has been improved_ Oriental Fortune Network

Photovoltaic: The National Development and Reform Commission and the Energy Administration propose 21 measures to promotenew energyHigh-quality development of the industry. On May 30, the General Office of the State Council forwarded the notice of the National Energy Administration of the National Development and Reform Commission on the implementation plan for promoting high-quality energy development in the new era. After the promulgation of relevant documents, the land use of centralized photovoltaic power generation systems, the demand for distributed wind power photovoltaics, and the approval speed of related projects will be substantially guaranteed. The price of silicon material has been stabilized in stages, and the price trend of the industry chain is not clear for the time being. From the perspective of subdivisions: 1) Silicon materials: The price of silicon materials remained stable last week. According to the analysis of the Silicon Industry Branch, the main reason is that the orders of various polysilicon enterprises have been signed, and some silicon materials manufacturers have even delivered their delivery dates to June. In the middle of the year, companies had no material to sign, so the market price of silicon materials remained stable in stages last week. Although the new production capacity of silicon material manufacturers is gradually being released, it is still slower than the demand for downstream silicon wafers. There are still problems such as the transportation of imported silicon materials and the detention of ports. The shortage of supply is still the main theme of the market, and it is expected that there will still be upward momentum in the later period; 2) Silicon wafers : Last week, the price of mainstream silicon wafers remained stable in stages, and the trend of wafer thinning continued. Under the circumstance that the recent trend of upstream silicon materials has weakened, the price trend of silicon wafers has certain uncertainty; 3)BatteryFilm: Last Week DomesticBatteryThe price of chips has not fluctuated significantly, and the later price will depend on the upstream price trend and the acceptance of downstream components. The price game is still going on.BatteryIn terms of production capacity, most of the production capacity is mainly for self-use, and there are few export sales, and its export price is higher than that of PERC cells; 4) Modules: last week, the prices of the industry chain and auxiliary materials remained stable, the price of modules did not change, and the terminal pressure eased. Among overseas modules, European demand is highly certain and is expected to be the focus of future module exports.

Wind power: The implementation of the policy promotes the realization of the demand of the wind power industry, and the simplification of the process is expected to accelerate the pace of subsequent construction.As mentioned above, the National Development and Reform Commission and the Energy Administration have proposed 21 measures to promotenew energyHigh-quality development of the industry. Among them: 1) Accelerate the construction of large-scale wind power photovoltaic bases.Under the background that the current IRR of wind power projects is at a relatively high level, the current price of superimposed components is still at a historically high level.new energyThe proportion of wind power in power generation. 2) Continuously improve the efficiency of project approval. The front-end cycle of wind power projects has narrowed, and there is room for optimization of time cost and economic cost in projects in the east, central and southern regions. Huaneng’s 1.5GW wind turbine procurement bid was opened. On May 24, Huaneng’s Mengcheng County Xuehu Phase II Wind Farm Project and other 11 wind power projects with a total of 1,502MW of wind turbines were opened for purchase. The project is divided into 3 bidding sections, 5 projects in the first bidding section include towers, and 6 projects in the second and third bidding sections do not include towers. A total of 7-9 OEMs bid for the 3 tenders. The lowest quotation of the project is the unit price of 1550 yuan/kW for the third bid. Among them, Shandong CRRC reported the lowest price twice, and Sany Heavy could report the lowest price once.

The photovoltaic sector recommends LONGi (601012, buy),Tongwei shares(600438, buy),JA Technology(002459, buy),Haiyou New Materials(688680, buy),Foster(603806, buy), it is recommended to pay attentionJinlang Technology(300763, not rated),Hemai Co., Ltd.(688032, not rated),Tenai Kono(688599, not rated); Recommended for wind power sectorSun and Moon Shares(603218, increased holdings), it is recommended to pay attentionTianshun Wind Energy(002531, not rated),Daikin Heavy Industries(002487, not rated),Hengrun shares(603985, not rated),Oriental Cable(603606, not rated).

risk warning

Photovoltaic industry growth is less than expected; wind power industry growth is less than expected

(Article Source:Orient Securities）

Article source: Orient Securities

Responsible editor: 3

Original title: Electric power equipment and new energy industry: “Implementation Plan for Promoting the High-quality Development of New Energy in the New Era” landing the wind and light industry development boom