Events
On March 14, 2022, the Shanghai Composite Index closed at 322353 points, down 2.61%; Shenzhen composite index closed at 1206363 points, down 3.08%; The power sector index closed at 308861 points, down 3.14%. Among them, only one company in the photovoltaic power generation sector rose: Kelin Environmental Protection Equipment Inc(002499) ( Kelin Environmental Protection Equipment Inc(002499) .sz, 1.95%). The thermal power sector fell as a whole.
Comments
Shandong Provincial Energy Bureau issued the guiding opinions on energy work of the whole province in 2022. The opinions put forward that by the end of 2022, the total installed capacity of electric power will reach about 180 million KW, of which the installed capacity of new and renewable energy power generation will reach more than 70 million KW, accounting for about 38%. Shandong Province will also focus on promoting the construction of “five levels and two demonstration areas”, including offshore wind power base, offshore photovoltaic base, wind energy storage integration base, coal mining deep depression “photovoltaic +” base, Jiaodong Peninsula nuclear power base, distributed photovoltaic large-scale development demonstration of the whole county, and “green energy development demonstration of 100 townships and 1000 villages”. In terms of scale, the total planned scale of offshore wind power and photovoltaic projects will reach 77 million KW, and it is expected to start more than 8 million kW in 2022. It is conducive to the large-scale development of China’s marine environment and the cost saving of ecological resources. In addition, the utilization of marine scenery resources will enhance the power supply capacity and inject new impetus into the energy transformation. We continue to be optimistic about listed companies related to green energy transformation.
Industry dynamics
The national development and Reform Commission recently issued the notice on further improving the coal market price formation mechanism: the notice defines the reasonable range of medium and long-term transaction price of coal in four key areas: that is, the reasonable range of coal price with calorific value of 5500kcal in Shanxi is 370 yuan / ton to 570 yuan / ton; The calorific value of 5500kcal coal in Shaanxi is 320 yuan / ton to 520 yuan / ton; The coal price with calorific value of 5500kcal in Mengxi area is 260 yuan / ton to 460 yuan / ton; The price of coal with a calorific value of 3500 kcal in eastern Mongolia is 200 yuan / ton to 300 yuan / ton. (China Securities Journal)
Company dynamics
Ningbo Energy Group Co.Ltd(600982) ( Ningbo Energy Group Co.Ltd(600982) ): Recently, the company publicly issued carbon neutral green corporate bonds (phase I) to professional investors in 2022. With the approval of China Securities Regulatory Commission, the total face value of green corporate bonds issued this time shall not exceed 500 million yuan, which can be issued in installments within the validity period of registration. The total issuance scale of this bond is 500 million yuan, and the issuance price is 100 yuan each. It adopts the way of inquiry and placement from professional investors under the Internet. The term is 3 years, and the coupon rate is 3.18%. (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.
