With the EU’s overweight of new energy, it is required to double the amount of photovoltaic power generation in 2025, and the commencement of the first batch of large-scale wind power photovoltaic base projects in China, the new energy industry chain rose sharply on the 19th, and the photovoltaic index rose 5.13%.
On May 18, the European Commission announced an energy plan called “repowereu”, which plans to invest 210 billion euros from now to 2027 to gradually get rid of dependence on Russian energy imports. Among them, the target installed capacity of PV will be 320gw in 2025 and 600gw by 2030 As European PV modules depend on Chinese imports, Chinese analysts predict that the installed capacity of new PV modules in Europe is expected to exceed 40gw in 2022, with a year-on-year increase of more than 54%, so as to further accelerate the growth of Chinese industry.
Not only the EU, the Chinese market is also in full swing. According to the national photovoltaic power generation data of the National Energy Administration in the first quarter, the installed capacity increased by 13.21gw in the first quarter, a year-on-year increase of nearly 1.5 times. Moreover, the first batch of large-scale wind power photovoltaic base projects started in succession, which has further played a role in driving the market.
at present, photovoltaic concept stocks have been rising for several days, and the sector index has risen nearly 11% in nearly 10 trading days. According to the data of China stock market news choice, since the rebound on April 27, the main funds have net bought 134 photovoltaic concept stocks, with a total net purchase of more than 15.9 billion yuan. In terms of individual stocks, Longji green energy is the favorite of the main funds
Add new energy again! EU to double photovoltaic power generation
Under the influence of the conflict between Russia and Ukraine, the European region hopes to rapidly reduce Russia’s dependence on fossil energy and seek to establish an independent and safe energy system. On May 18, the European Commission announced an energy plan called “repowereu”, which plans to gradually get rid of dependence on Russian energy imports by investing 210 billion euros from now to 2027, including 86 billion euros for the construction of renewable energy, 27 billion euros for hydrogen energy equipment, 37 billion euros for biomethane production, and others for power grid energy efficiency transformation.
The plan will significantly increase the investment in renewable energy such as Cecep Solar Energy Co.Ltd(000591) , wind energy and so on. The core indicator here is to increase the overall target of renewable energy in 2030 from 40% to 45% according to the previous EU “fit for 55” package. Among them, the target installed capacity of PV will be 320gw in 2025 and 600gw by 2030 The EU’s offshore wind power generation is planned to increase tenfold by 2050. In addition, the EU’s draft REpower EU plan also proposes to install roof Cecep Solar Energy Co.Ltd(000591) devices for all new buildings, and increase the roof photovoltaic power generation by 15twh in 2022.
Obviously, the EU’s demand for photovoltaic and offshore wind power has increased again. According to PV InfoLink data, in the first quarter of this year, the export of Chinese components was 37.2gw, with a year-on-year increase of 112%, of which the import of Chinese products in Europe reached 16.7gw, with a year-on-year increase of 145%. It is expected that the new installed capacity in Europe this year is expected to reach 50-55gw, with a growth rate of more than 100%.
Statistics show that the value of China’s photovoltaic industry chain accounts for about 80% of the world, and 80% of European Photovoltaic Modules depend on imports. This year, China’s export demand for photovoltaic modules will be greatly stimulated. In the case of energy security crisis, EU module imports will accept a higher premium.
“At present, the capacity layout of photovoltaic manufacturing industry in Europe is relatively small, and most products will come from the supply of Chinese enterprises, which will further stimulate the demand for Chinese products. Combined with export data, we expect that the new photovoltaic installed capacity in Europe is expected to exceed 40gw in 2022, with a year-on-year increase of more than 54%.” Citic Securities Company Limited(600030) analyst Hua Pengwei believes that considering the limitations of European logistics, construction and manpower, the new photovoltaic installed capacity in Europe will maintain a sustained and rapid growth in the next 10 years, which will also promote the continuous growth of new photovoltaic installed capacity in the world.
China Shanxi Guoxin Energy Corporation Limited(600617) market is also in full swing, with an increase of 1.5 times in the first quarter
The overseas market is hot, and the Chinese market is also in full swing. According to the “construction and operation of photovoltaic power generation in the first quarter of 2022” released by the national energy administration, the installed capacity of photovoltaic power generation in the first quarter was 13.21gw, an increase of nearly 1.5 times year-on-year. Among them, 4.34gw of ground power stations and 8.87gw of distributed photovoltaic are added.
On May 19, Hubei engineering company affiliated to China Power Construction Group won the bid for the EPC project of the second bid section of the 2 million KW photovoltaic sand control base project in Kubuqi, Mengxi base. The project is the largest photovoltaic desertification control project in China and one of the first large-scale wind power photovoltaic base projects under construction in China, marking a new stage of China’s “photovoltaic + desertification control” ecological comprehensive treatment.
recently, the Ministry of housing and urban rural development issued the notice on the development plan of building energy efficiency and green buildings in the 14th five year plan, which proposed the target of 2025 and proposed the specific scale for the first time. The installed capacity of Cecep Solar Energy Co.Ltd(000591) photovoltaic in New buildings should be more than 50gw, and the replacement rate of renewable energy in urban buildings should reach 8%
According to the report of Guorong securities, the current photovoltaic policies include the promotion of the whole county, large bases, provincial indemnificatory projects, building photovoltaic, etc. China’s potential photovoltaic demand is strong. It is expected that with the gradual release of silicon production capacity, the installed demand is expected to reach 80gw this year.
In addition, it is worth noting that the Ministry of Finance recently released the final statement of government fund expenditure, of which the central government fund expenditure budget in 2022 is 807.1 billion yuan, an increase of about 400 billion yuan compared with 2021. At the same time, the Ministry of finance also explicitly mentioned in the 2022 budget that it is necessary to promote the solution of the funding gap of renewable energy power generation subsidies. It is expected that the subsidy can significantly improve the profitability of the whole industrial chain and solve the problem of short-term operators.
The main funds burst to buy 15.9 billion, and Longji green energy became a “sunshine baby”
Boosted by the news, on the 19th, the photovoltaic sector opened low and went high, and the intraday performance continued to be strong. As of the closing, more than 10 stocks in the sector were closed, and more than 20 stocks rose by more than 9%, while Longji lvneng, the world’s largest monocrystalline silicon manufacturer, rose by 6.22% on the same day.
recently, under the background of track stocks being active for days, photovoltaic concept stocks have also been rising for many days, and the sector index has risen by nearly 11% in nearly 10 trading days. According to the data of China stock market news choice, since the rebound on April 27, the main funds have net bought 134 photovoltaic concept stocks, with a total net purchase of more than 15.9 billion yuan. In terms of individual stocks, Longji green energy is the favorite of the main funds, and the net purchase amount of the main funds exceeds 2.1 billion yuan; Ranked second is Sungrow Power Supply Co.Ltd(300274) , with a main net purchase of more than 1.1 billion yuan
In addition, the data also show that since the rebound on April 27, northbound funds have increased their holdings of 57 photovoltaic concept stocks, with a total amount of more than 6.7 billion yuan.
In terms of individual stocks, Longji green energy is the most popular in the north, with an increase of more than 1.2 billion yuan; Ranked second is Nari Technology Co.Ltd(600406) , with an increase of more than 730 million yuan.
Carbon neutral ETF (transaction code: 159790), the largest ETF product tracking the CSI mainland low-carbon economy theme index, rose sharply by 2.92% on the 19th. The fund mainly invests in Shanghai and Shenzhen A-share companies such as clean energy power generation, energy conversion and storage, clean production, consumption and waste treatment. The largest heavy warehouse stock is Longji green energy. According to the data, the top three components of carbon neutral ETF are Longji green energy with a weight of 13.13%, Contemporary Amperex Technology Co.Limited(300750) with a weight of 12.72%, China Yangtze Power Co.Ltd(600900) with a weight of 11.52%.
With the warming of the dual carbon market outside China, carbon neutral ETF has maintained a net capital inflow despite the sharp fluctuations in the market this year. Since this year, the total share inflow has reached 937 million, an increase of 25.74%. As of the previous trading day, the total share of the fund was 4.578 billion.
It is worth noting that the recovery of the main line of new energy and the rebound of photovoltaic sector are of great benefit to the overall rebound of public funds. According to the first quarter report of public funds, the industry with the highest allocation proportion and over allocation proportion of active equity funds is new energy, accounting for 15.1%. From the perspective of the flow of public funds, nearly 30 billion funds flowed to the new energy industry in the first quarter of 2022, including 15 billion for power equipment and 10 billion for power batteries.
