Events
On March 8, 2022, the Shanghai Composite Index closed at 329353 points, down 2.35%; The Shenzhen composite index closed at 122445 points, down 2.62%; The power sector index closed at 315357 points, down 3.43%. Among them, two companies in photovoltaic power generation sector rose: Kelin Environmental Protection Equipment Inc(002499) ( Kelin Environmental Protection Equipment Inc(002499) . SZ, 4.96%), Lingda Group Co.Ltd(300125) ( Lingda Group Co.Ltd(300125) . SZ, 2.07%). The thermal power sector fell as a whole.
Comments
Recently, the general office of the people’s Government of Inner Mongolia Autonomous Region issued the opinions on promoting the high-quality development of wind power photovoltaic new energy industry in the region. The opinions pointed out that: coordinate the scientific allocation of scenery resources, establish a diversified grid connection mechanism, and give priority to supporting market-oriented grid connection consumption projects that are fully self used and do not occupy the peak shaving space of the power grid, Orderly organize supporting grid connected consumption projects. On the premise of ensuring the safe and stable supply of energy and the smooth transition of energy structure adjustment, vigorously promote the construction of national large-scale wind power and photovoltaic power generation base projects focusing on deserts, Gobi and desert areas, and strive to improve the proportion of new energy power in the export channel. As an important power supply base in China, Inner Mongolia ranks first in power transmission capacity in China, covering North China, Northeast China, East China and Northwest China. In 2021, the external power transmission of Inner Mongolia reached 246.7 billion kwh, with a year-on-year increase of 6.8%, accounting for more than 15% of the national inter provincial power transmission. The construction of large-scale wind power generation base will help to improve the structure of outgoing power, ensure power supply and play an exemplary role in green and low-carbon energy development.
Industry dynamics
\u3000\u30001. The first 500 kV power outage project to resume work in China was successfully put into operation in Jiangsu: the 500 kV Mudu substation reconstruction project constructed by Jiangsu power transmission and transformation Co., Ltd. was successfully put into operation. The operation of the project will add a “stabilizer” to Jiangsu grid, which will effectively improve the interconnection, complementarity and mutual assistance capacity of the receiving end power grid of West to East power transmission in Jiangsu Province, and help the consumption of Jiangsu New Energy Development Co.Ltd(603693) sources. （ Xinhuanetco.Ltd(603888) ）
\u3000\u30002. Shandong Provincial Energy Bureau issued the notice on carrying out the collection of energy storage demonstration projects in 2022: the collection scope of energy storage demonstration projects in 2022 will be further expanded, extended and expanded on the basis of 2021, covering lithium battery, compressed air, liquid flow battery, coal power heat storage, hydrogen production and hydrogen storage and other new energy storage and peak shaving projects, totaling 6 categories. Among them, the lithium battery energy storage peak shaving project takes lithium battery as the main energy storage element. The access voltage level of the project is 110 kV and above, the power is not less than 50000 kW, the continuous charging time is not less than 2 hours, and the AC side efficiency is not less than 85%. Shandong will strive to reach about 5 million kilowatts of energy storage facilities in the province by 2025. (Financial Associated Press)
Company dynamics
Huaneng Power International Inc(600011) ( Huaneng Power International Inc(600011) ): the company has recently completed the issuance of the second phase of medium-term notes of Huaneng Power International Inc(600011) 2022. The issue amount of the bonds is 3 billion yuan, the term is 3 years, the unit face value is 100 yuan, and the issue interest rate is 2.84%. (company announcement)
Risk tip: the epidemic situation fluctuates more than expected, the price of raw materials fluctuates sharply, and the installed capacity of new energy is less than expected.
