Events
On March 17, 2022, the Shanghai Composite Index closed at 321504 points, up 1.40%; Shenzhen composite index closed at 1228997 points, up 2.41%; The power sector index closed at Hangzhou Zhongtai Cryogenic Technology Corporation(300435) points, down 0.20%. Among them, the top three companies in the photovoltaic power generation sector are: Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) ( Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) . Sh, 3.63%), Kelin Environmental Protection Equipment Inc(002499) ( Kelin Environmental Protection Equipment Inc(002499) . SZ, 3.16%), Beijing Jingyuntong Technology Co.Ltd(601908) ( Beijing Jingyuntong Technology Co.Ltd(601908) . Sh, 2.87%). The top three companies in the thermal power sector are: Guangdong Electric Power Development Co.Ltd(000539) ( Guangdong Electric Power Development Co.Ltd(000539) . SZ, 5.65%), Guangzhou Hengyun Enterprises Holdings Ltd(000531) ( Guangzhou Hengyun Enterprises Holdings Ltd(000531) . SZ, 4.14%), Guangzhou Development Group Incorporated(600098) ( Guangzhou Development Group Incorporated(600098) . Sh, 3.19%).
Comments
Qinghai Provincial Development and Reform Commission issued a document saying that it will actively promote financial strategic cooperation and increase financing support for infrastructure construction projects in the Yellow River Qinghai basin. It is mentioned that in 2022, Qinghai Provincial Development and Reform Commission will continue to work with CDB Qinghai branch to serve the construction of the highland of the national clean energy industry, focusing on supporting the financing of projects such as photovoltaic wind power base in the upper reaches of the Yellow River, source network load storage integration, pumped storage and so on. In 2022, it is planned to issue a loan of 14 billion yuan for infrastructure construction projects in the Yellow River and Qinghai basin, which is expected to drive the project investment of more than 30 billion yuan. Under the national “double carbon” development goal, plans for large-scale new energy infrastructure projects such as wind power photovoltaic base have been issued one after another. Increasing financial support and solving the problem of enterprise financing will promote the rapid implementation of infrastructure projects. In addition, actively carrying out green financial services can guide funds to invest in the field of green and clean development and inject power into energy transformation.
Industry dynamics
Chenzhou development and Reform Commission issued the “14th five year plan” for energy development in Chenzhou: it is estimated that by 2025, the proportion of non fossil energy in primary energy consumption will increase to about 23%; The total installed capacity of hydropower, wind power and photovoltaic power generation will reach about 10.4 million KW. The document also proposes that among the key renewable energy construction projects, the installed capacity of photovoltaic power generation projects such as Sili town of Guiyang and Sandu town of Zixing city is about 2.07 million KW. There are 20 major photovoltaic projects in Chenzhou during the 14th Five Year Plan period, with a total scale of 2.05 million KW and a total investment of 7.2 billion yuan. (Beihai daily)
Company dynamics
Huaneng Lancang River Hydropower Inc(600025) ( Huaneng Lancang River Hydropower Inc(600025) ): Huaneng Lancang River Hydropower Inc(600025) held the 2020 annual general meeting of shareholders in May 2021, deliberated and approved the commitment on changing wind power and photovoltaic power plant projects, lifted the bottleneck restriction of the company’s new energy development, and adjusted the company’s development strategy from “focusing on hydropower development” to “paying equal attention to hydropower and new energy, and integrated development of scenery, water and storage”. In 2022, the company plans to invest 5 billion yuan to develop new energy projects, and plans to start 15 new projects with an installed capacity of 1.3 million KW. （iFinD）
Risk tip: the epidemic fluctuation is higher than expected, and the installed capacity of new energy is lower than expected.
