Sichuan caizhou viewpoint
The goal of green energy transformation is divided into two stages. The national development and Reform Commission and the National Energy Administration recently issued the opinions on improving the institutional mechanisms, policies and measures for green and low-carbon energy transformation. The opinions put forward two major phased main objectives: first, during the 14th Five Year Plan period, form a relatively perfect policy, standard, market and regulatory system, and build a green and low-carbon energy transformation promotion mechanism led by the “double control” of energy consumption and the target system of non fossil energy; Second, by 2030, form an energy production and consumption pattern in which non fossil energy can basically meet the incremental energy demand, replace the stock of fossil energy on a large scale, and comprehensively enhance the ability of energy security. The establishment of the overall goal is in line with the strategic plan of China’s carbon peak and carbon neutrality, and sets the tone for the transformation and development of energy. The proposal will accelerate the construction of new energy power generation projects such as wind power, photovoltaic and promote the transformation and upgrading of traditional thermal power units.
Policies and measures to improve the system and mechanism of green energy and promote the transformation of green and low-carbon energy. At present, energy production related activities account for a relatively high proportion of China’s total carbon emissions, and promoting the transformation of green energy is the inevitable way to achieve the dual carbon goal. As for the current situation, China’s awareness of green and low-carbon transformation of energy is not strong enough, the stable and safe supply capacity of green energy is not high enough, and the supporting infrastructure related to green energy (such as power transmission, smart grid, etc.) is not perfect. The proposal of the opinions is conducive to improving the existing system and mechanism, promoting the implementation of relevant policies and measures, and laying a solid foundation for the green and low-carbon transformation of energy.
Market performance in one week
This week, the power industry index rose 6.19%, the Shanghai index rose 3.76%, and the Shanghai and Shenzhen 300 index rose 2.66%. Among the sub sectors, the thermal power generation index rose by 8.71%, the hydropower generation index rose by 8.00%, the photovoltaic power generation index rose by 2.43% and the wind power generation index rose by 1.42%.
Industry dynamics
Accelerate the construction of large-scale wind power photovoltaic base projects focusing on desert Gobi desert areas: the national development and Reform Commission held a January press conference on January 18, 2022. At the conference, Li Yunqing, director of the economic operation regulation Bureau of the national development and Reform Commission, said that he would give full play to the role of various power sources in ensuring supply, and on the basis of implementing the regulation of resources and consumption market, Accelerate the construction of large-scale wind power photovoltaic base projects focusing on desert Gobi desert areas, and make every effort to improve the supply guarantee capacity.
Company announcement
Huaneng Power International Inc(600011) (600011): the company has recently completed the issuance of the second phase of ultra short term financing bonds (“current bonds”) in Huaneng Power International Inc(600011) 2022. The issue amount of this bond is 2 billion yuan, the term is 41 days, the unit face value is 100 yuan, and the issue interest rate is 2.00%.
Risk tips: the epidemic situation fluctuates beyond expectations and the price of raw materials fluctuates sharply.
