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On January 6, 2022, the Shanghai Composite Index closed at 3586.08 points, down 0.25%; The Shenzhen composite index closed at 14429.51 points, down 0.66%; The power sector index closed at 3332.77 points, down 0.58%. Among them, the top three companies in the photovoltaic equipment sector are: Zhejiang Sunflower Great Health Limited Liability Company(300111) (300111. SZ, 19.94%), Flat Glass Group Co.Ltd(601865) (601865. Sh, 3.58%), Shanghai Aerospace Automobile Electromechanical Co.Ltd(600151) (600151. Sh, 3.57%). The top three companies in the wind power equipment sector are: Dajin Heavy Industry Co.Ltd(002487) (002487. SZ, 5.42%), Zhuzhou Times New Material Technology Co.Ltd(600458) (600458. Sh, 4.02%), Zhejiang Windey Co.Ltd(300772) (300772. SZ, 3.10%). The top three companies in the thermal power sector are: Guangzhou Development Group Incorporated(600098) (600098. Sh, 3.52%), Datang Huayin Electric Power Co.Ltd(600744) (600744. Sh, 2.61%), Guangzhou Hengyun Enterprises Holdings Ltd(000531) (000531. SZ, 2.57%).
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On January 5, the general office of Gansu Provincial People’s government issued a notice on printing and distributing the “14th five year plan” energy development plan of Gansu Province. The circular puts forward the development goal of renewable energy: by 2025, the installed capacity of renewable energy power generation will account for more than 65% of the total installed capacity of electricity, the proportion of non fossil energy in the total energy consumption will reach 30%, and the power generation capacity of renewable energy will reach about 60% of the power consumption of the whole society. At the same time, it is also proposed to promote the clean and efficient development of coal-fired power, increase the energy-saving upgrading and flexible transformation of active coal-fired power units, continuously improve the energy efficiency level, fully promote the clean and low-carbon transformation of coal-fired power, and comprehensively improve the regulation capacity of the power system. In terms of power generation, traditional thermal power is still dominant. From January to November 2021, China’s cumulative power generation was 7382.67 billion kwh, of which thermal power generation was 5222.72 billion kwh, accounting for about 70%. While vigorously developing renewable energy, we should improve resource utilization, strengthen the recycling of waste resources, and promote the transformation and upgrading of thermal power industry. Energy transformation and industrial upgrading are expected to inject new growth momentum into power enterprises.
Industry dynamics
1. Grid connection of the first wind power storage integration project of national energy group Gansu company: the total construction scale of the project is 40 MW. The built 600 MW wind power booster station and grid line are used to give full play to the complementary role of wind and solar energy and improve the utilization efficiency of transmission channel. The life cycle plan can achieve power generation of 2163.325 million kwh, and the average annual on grid power is about 86.533 million kwh. After the project is put into operation, it can save about 265656000 tons of standard coal and 86273.4 tons of carbon dioxide every year. (Polaris power grid)
2. Commencement of Zhejiang Linhai scenery storage integration project: on January 5, 2022, zheneng Linhai scenery storage integration project, with a total investment of 5.2 billion yuan, will build a new offshore wind turbine generator unit with a total installed capacity of 300000 kW, supporting the construction of a 220 kV offshore booster station and an onshore centralized control center, and synchronously build a 200000 kW photovoltaic energy storage power station. (Polaris energy storage network)
Company dynamics
Chn Energy Changyuan Electric Power Co.Ltd(000966) (000966): the company plans to invest in the construction of 100MW fishing light complementary photovoltaic power generation phase I project of Guoneng Changyuan Hanchuan farm with its affiliated company Guoneng Changyuan Hanchuan Power Generation Co., Ltd. as the main body. Huayan phase I photovoltaic project is located in Huayan farm, Hanchuan City, Hubei Province. The planned installed capacity of the project is 100000 kW, with a total static investment of 532.98 million yuan (including delivery project) and a total dynamic investment of 537.4 million yuan (including delivery project).
Gd Power Development Co.Ltd(600795) (600795): Guodian Ningbo Wind Power Development Co., Ltd., a wholly-owned subsidiary of the company, will acquire 512050kw distributed photovoltaic project of Chint New Energy Development Co., Ltd. The project involves 1 target company and 81 project companies, including 201 distributed photovoltaic power stations, with a transaction price of 1.036 billion yuan.
Risk warning: the epidemic situation fluctuates more than expected, the installed capacity is less than expected, and the power generation construction is less than expected.
