The PV index rose 9.65% and the wind power index rose 4.32%.
This month, the Shanghai Composite Index rose 3.00% and the Shenzhen Component Index rose 0.96%. The photovoltaic and wind power sectors rose significantly, leading the growth rate of the market. From the perspective of listed companies, the top five gainers of photovoltaic sector are Jolywood (Suzhou) Sunwatt Co.Ltd(300393) (+ 35.7%), Ning Xia Yin Xing Energy Co.Ltd(000862) (+ 32.6%), Shuangliang Eco-Energy Systems Co.Ltd(600481) (+ 27.1%), Wuxi Shangji Automation Co.Ltd(603185) (+ 25.5%), Tangshan Sunfar Silicon Industry Co.Ltd(603938) (+ 24.3%); The top five gainers of wind power sector are: Ning Xia Yin Xing Energy Co.Ltd(000862) (+ 32.6%), Gepic Energy Development Co.Ltd(000791) (+ 20.0%), Spic Dongfang Energy Corporation(000958) (+ 17.2%), Ningxia Jiaze Renewables Corporation Limited(601619) (+ 15.0%), Jiangsu New Energy Development Co.Ltd(603693) (+ 13.0%).
The conflict between Russia and Ukraine led to a sharp rise in energy prices, and Germany accelerated the pace of energy transformation.
On February 24, Russian President Vladimir Putin delivered a televised speech announcing the special military action against Ukraine, and the Russian armed forces officially entered Ukraine. The conflict between Russia and Ukraine is undoubtedly the biggest geopolitical event this month, which has had a series of far-reaching effects on the global economy and industrial chain. As Russia is the world’s major exporter of crude oil and natural gas, the conflict between Russia and Ukraine has led to market concerns about the instability of international crude oil supply. At the same time, the global crude oil reserves are at a low level. Under this background, the international crude oil price has been rising all the way. The conflict between Russia and Ukraine has deepened the concerns of Western European countries about energy security. According to Reuters, on February 28, the German Ministry of economy proposed a new draft legislation, which will achieve 100% renewable energy supply and give up fossil fuels by 2035. This goal is five years ahead of 2040 mentioned by Germany last year. Accelerating the pace of new energy construction is bound to accelerate the construction of photovoltaic power stations, wind power stations and other facilities. At present, China’s photovoltaic industry is in a leading position in the world. It not only has a complete industrial chain, but also occupies the high value-added range of the industrial chain. The policy shift of Germany as a European economic power is expected to drive the export of China’s photovoltaic industry to Europe and boost the prosperity of China’s photovoltaic industry.
The people’s Government of Inner Mongolia Autonomous Region issued a notice on printing and distributing the “14th five year plan” for energy conservation in the autonomous region, stimulating the rapid development of green energy economy and industry.
The people’s Government of Inner Mongolia Autonomous Region issued the notice on printing and distributing the energy conservation plan of the 14th five year plan of the autonomous region. The notice pointed out that Inner Mongolia will promote the construction of new energy bases, focusing on building ten million kilowatt wind power bases such as Baotou, Tongliao, Ulanqab, Inner Mongolia Eerduosi Resources Co.Ltd(600295) , Bayannur and Alxa. Focus on promoting large-scale “photovoltaic + ecological treatment” construction in Kubuqi, Ulanbuhe, Tengger, Maowusu, Badain Jaran Desert and Hunshandak Sandy Land, and encourage Hulunbuir, Xilin Gol, Inner Mongolia Eerduosi Resources Co.Ltd(600295) and other places to promote the construction of “photovoltaic + ecological restoration” projects in coal mining subsidence areas and open-pit waste dumps. The notice predicts that by 2025, the total installed capacity of new energy in Inner Mongolia Autonomous Region will reach more than 100 million KW, and the installed capacity of new energy will account for more than 50%; New energy power generation accounts for more than 60% of all new power generation. As a major energy province, Inner Mongolia has set the new energy installation target during the 14th Five Year Plan period, which will play a positive leading role in the transformation of wind power, photovoltaic, energy storage and thermal power industries. The implementation of the policy of “dual control of energy consumption” will also stimulate the development of new energy power generation industry.
Risk tip: macroeconomic growth is lower than expected, the risk of changes in emission reduction policies and the risk of fluctuations in raw material prices.
