Events
On April 21, 2022, the Shanghai Composite Index closed at 307981 points, down 2.26%%; Shenzhen composite index closed at 1108428 points, down 2.70%; The power sector index closed at 280079 points, down 2.74%. Among them, the photovoltaic power generation sector and thermal power generation sector fell across the board.
Comments
Guizhou issued the 14th five year plan for the development of new and renewable energy in Guizhou Province. By the end of 2025, the installed capacity of new and renewable energy power generation will reach more than 65.46 million KW. Among them, the installed capacity of hydropower is 22.81 million KW, the installed capacity of wind power is more than 10.8 million KW, the installed capacity of photovoltaic power generation is more than 31 million KW, and the installed capacity of biomass power generation is 850000 kW. The plan proposes to actively promote the integrated development of scenery, water, fire and storage. Make full use of the regulation capacity of hydropower and thermal power, reasonably arrange new energy storage or pumped storage, optimize dispatching, joint operation and efficient utilization, and build a comprehensive renewable energy development base integrating water (fire), wind and power storage. Vigorously promote the development of centralized wind power and encourage the development and construction of decentralized wind power. Recently, affected by the decline of market and enterprise performance, the correction range of power and new energy sector is large. However, with the support of local policies, the installed capacity of clean energy is expected to increase, and green power still has configuration value. It is suggested to pay attention to the leading enterprises with active layout of new energy and high performance certainty.
Industry dynamics
1. In March, Zhejiang’s total electricity consumption was 47.5 billion kwh, a year-on-year increase of 6.1%. In the first quarter, the total electricity consumption of the whole society was 128.2 billion kwh, a year-on-year increase of 9.7%, indicating that the economic and social development situation of Zhejiang has been good since the beginning of the year. By industry, the electricity consumption of Zhejiang’s primary, secondary and tertiary industries in the first quarter was 450 million kwh, 84.84 billion kWh and 21.07 billion kwh respectively, with a year-on-year increase of 13.18%, 6.12% and 13.17% respectively. The electricity consumption of the three major industries has achieved positive growth, indicating that the economy has maintained a sustained and rapid growth trend, and the development momentum and quality have been continuously improved. （ Xinhuanetco.Ltd(603888) ）
2. The first multifunctional clean energy base integrating wind energy, photovoltaic, thermal power and energy storage in Xinjiang – China Huadian Urumqi 1 million kW wind and electricity base project was officially started. Through the joint optimization operation of various energy sources of “scenery fire storage”, the project will add 2.5 billion kwh of “green power” every year after it is put into operation, save 830000 tons of standard coal and reduce 2.1 million tons of carbon dioxide emissions. (Polaris power grid)
Company dynamics
Jointo Energy Investment Co.Ltd.Hebei(000600) ( Jointo Energy Investment Co.Ltd.Hebei(000600) ): according to the annual performance report, the operating revenue in 2021 was about 15.041 billion yuan, a year-on-year decrease of 2.14%; The net profit loss attributable to the shareholders of the listed company was about 2.21 billion yuan. （iFinD）
Risk tip: the fluctuation of the epidemic situation is higher than expected, the promotion of policies is lower than expected, and there is a downside risk to the economy.
