Events
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%; The power sector index closed at 326550 points, down 1.22%. Among them, two companies in the photovoltaic power generation sector rose: ST Colin ( Kelin Environmental Protection Equipment Inc(002499) .sz, 5.03%) and Lingda Group Co.Ltd(300125) ( Lingda Group Co.Ltd(300125) .sz, 3.77%). The top three companies in the thermal power sector are: Huaneng Power International Inc(600011) ( Huaneng Power International Inc(600011) . Sh, 1.93%), Jinneng Holding Shanxi Electric Power Co.Ltd(000767) ( Jinneng Holding Shanxi Electric Power Co.Ltd(000767) . SZ, 0.72%), Spic Dongfang Energy Corporation(000958) ( Spic Dongfang Energy Corporation(000958) . SZ, 0.20%).
Comments
The government work report proposes to continuously improve the ecological environment and promote green and low-carbon development this year. Orderly promote the carbon neutralization of carbon peak and implement the action plan of carbon peak. Promote the energy revolution, ensure energy supply, based on resource endowments, adhere to the first establishment and then destruction, and make overall plans to promote the low-carbon transformation of energy. Strengthen the clean and efficient utilization of coal, orderly reduction and substitution, and promote the transformation of energy conservation and carbon reduction, flexibility and heating of coal and electricity. Promote the planning and construction of large-scale wind and solar power bases and their supporting regulatory power sources, and improve the consumption capacity of the power grid for renewable energy power generation. The government work report once again emphasizes green and low-carbon development and firmly adheres to the “double carbon” development goal. Last year, the installed capacity of renewable energy power generation exceeded 1 billion kw. Driven by the policy, the installed demand of renewable energy such as photovoltaic and wind power is expected to be further released, and the price of upstream raw materials will remain relatively high. In addition, the report mentioned to improve the consumption capacity of renewable energy, and the construction of power grid and related supporting facilities is expected to speed up.
Industry dynamics
\u3000\u30001. Chongqing’s first “zero carbon” power supply station put into operation: Chongqing’s first “zero carbon” power supply station with integrated optical storage, charging and use mode was completed and put into operation. Miaoba power supply station is located in the southwest of Chengkou County, Chongqing. It undertakes the power supply task of 469.34 square kilometers, 31 villages and 11700 users. After the upgrading and transformation of the power supply site on the original basis, a new type of micro grid integrating photovoltaic, energy storage, power utilization facilities and charging piles has been completed, which realizes the green energy consumption in the office area according to the mode of “spontaneous self use and surplus power on the Internet”. （ Xinhuanetco.Ltd(603888) ）
\u3000\u30002. Grid connection of the first grid roof photovoltaic project in Jinhua, Zhejiang Province: Recently, the 13.35 MW distributed photovoltaic power station in Yiwu highway port successfully realized the full capacity grid connection of photovoltaic, marking the formal operation of the first 35kV access photovoltaic project, the first grid roof photovoltaic project, the first logistics hub photovoltaic project and the first landing project signed an enterprise strategic agreement in Jinhua. (Polaris power grid)
Company dynamics
Gcl Energy Technology Co.Ltd(002015) ( Gcl Energy Technology Co.Ltd(002015) ): the company or the holding subsidiary designated by the company plans to establish an industrial investment fund with the upstream and downstream of industrial chains such as double carbon industrial chain (including but not limited to clean energy and mobile energy industrial chain) as the main investment direction with the general partner CICC Private Equity Investment Management Co., Ltd. The total subscribed capital contribution of the industrial investment fund shall not exceed RMB 4.5 billion, of which Gcl Energy Technology Co.Ltd(002015) plans to subscribe capital contribution with its own funds shall not exceed RMB 2.25 billion, and the rest have been raised by CICC private placement. (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
