Index
On March 7, 2022, the Shanghai Composite Index closed at 337286 points, down – 2.17%; Shenzhen composite index closed at 1257343 points, down – 3.43%; PV index closed at 462360 points, down – 2.41%. The wind power index closed at 297247 points, down – 2.69%. Among them, the top three companies in the photovoltaic industry are: Tangshan Sunfar Silicon Industry Co.Ltd(603938) ( Yantai Eddie Precision Machinery Co.Ltd(603638) 8.14%), Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) ( Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) 2.48%), Sungrow Power Supply Co.Ltd(300274) ( Sungrow Power Supply Co.Ltd(300274) , 1.88%). The top three companies in the wind power industry are: Sungrow Power Supply Co.Ltd(300274) ( Sungrow Power Supply Co.Ltd(300274) , 1.88%), Ming Yang Smart Energy Group Limited(601615) ( Ming Yang Smart Energy Group Limited(601615) , 0.62%), Spic Dongfang Energy Corporation(000958) ( Spic Dongfang Energy Corporation(000958) , 0.20%).
Comments
Recently, the people’s Government of Sichuan Province officially issued the energy development plan of Sichuan Province in the 14th five year plan, which requires that the installed capacity of wind power and photovoltaic power generation will reach 10 million KW and 12 million KW respectively in 2025. Among them, about 6 million kilowatts of wind power and more than 10 million kilowatts of Cecep Solar Energy Co.Ltd(000591) power generation were added during the 14th Five Year Plan period. The document points out that it supports the development of crystalline silicon photovoltaic industry in Leshan, Chengdu and Meishan. During the 14th Five Year Plan period, about 6 million kilowatts of wind power will be added and more than 10 million kilowatts of Cecep Solar Energy Co.Ltd(000591) power will be generated. Key photovoltaic projects include the construction of “three states and one city” large-scale photovoltaic power generation bases in four areas of valao, Xinjiu, Renhe and Miyi in Panzhihua City, four bases in the north, central, northwest and southwest of Aba Prefecture, three bases in the north, central and south of Ganzi Prefecture, and four bases in the west, South, northwest and east of Liangshan Prefecture. Key wind power projects include: the completion of Xichang yak mountain, Yanyuan dam, Huidong Tangtang, Ningnan fruit tree, Puge zeluori, Dechang Laba mountain, Butuo Haibo, Zhaojue buyuo, Leibo ahehalo, Meigu shamanetuo, Guangyuan Jiange, Zhaohua Baiguo and other wind power projects. Driven by the policy, the development of wind power and photovoltaic industry has accelerated. It is suggested to continue to pay attention to the upstream enterprises of wind power and photovoltaic, and the relevant targets include: Sinoma Science & Technology Co.Ltd(002080) , Longi Green Energy Technology Co.Ltd(601012) , etc.
Industry dynamics
South Korean joint venture akerofshorewind announced on Thursday that Korea floating wind has obtained the second power business license issued by the South Korean government and has completed the world’s first large-scale offshore floating wind power development. The second license allows the project to produce up to 450 MW of electricity. Previously, the company obtained a similar license of 870mW in January 2022. In South Korea, power enterprise license is a mandatory requirement for power generation. (Polaris power grid)
Company dynamics
Zhuzhou Times New Material Technology Co.Ltd(600458) ( Zhuzhou Times New Material Technology Co.Ltd(600458) ): the company issued an announcement on receiving government subsidies. From January 11, 2022 to February 28, 2022, the company and its wholly-owned and holding subsidiaries within the consolidation scope received about 3217650973 yuan from the local government (Unaudited). （wind）
Risk warning: the epidemic situation fluctuates beyond expectations and the risk of policy change.
