Sichuan caizhou viewpoint
The prices of silicon materials and silicon wafers have stabilized and rebounded recently. As of January 19, the price of polysilicon compact was 2.34 million yuan / ton, and the price of polysilicon chip (diamond wire) was 2 yuan / piece, an increase of 1.74% and 2.56% respectively compared with last week. The rise in raw material prices also reflects the strong demand in the downstream, and the operating rate of all links of the industrial chain has also increased significantly. In recent years, under the influence of policies, China’s photovoltaic industry has developed rapidly. According to statistics, in 2021, China’s new grid connected installed capacity of photovoltaic power generation was about 53 million KW, ranking first in the world for nine consecutive years. By the end of 2021, the installed capacity of grid connected photovoltaic power generation had reached 306 million KW, breaking the 300 million KW mark, ranking first in the world for seven consecutive years. In addition, the national subsidy for photovoltaic projects is relatively strong. In December 2021, it was newly included in the scale of national financial subsidy, and the total installed capacity of household photovoltaic projects is 5089800 kW. By the end of December 2021, the installed capacity of household photovoltaic projects included in the scale of national financial subsidies in 2021 was 21.5962 million KW. With the strong support of the policy, the subsequent photovoltaic installation scale is still considerable.
The industrial structure was optimized and the proportion of new energy power generation increased. In December, the national power generation was 723.4 billion kwh, a year-on-year decrease of 2.1%; Among them, thermal power and hydropower decreased by 4.9% and 6.8% year-on-year respectively, while nuclear power, wind power and Cecep Solar Energy Co.Ltd(000591) power generation increased by 5.7%, 30.1% and 18.8% year-on-year respectively. The sharp increase in the proportion of wind power photovoltaic power generation also indicates the optimization and upgrading of China’s power generation end industrial structure, which is transforming from traditional energy to new energy. In recent years, the technology of wind power industry has been continuously optimized and upgraded, and the cost of wind turbine has decreased significantly. With the continuous progress of wind power technology, the cost of wind power components and power generation is still expected to decline, and the demand for onshore and offshore wind power is expected to be further released.
Market performance in one week
This week, the power industry index rose 0.49%, the Shanghai Composite Index rose 0.49%, and the Shanghai and Shenzhen 300 index rose 1.31%. Among the sub sectors, the thermal power index rose by 1.36%, the hydropower index rose by 1.64%, the photovoltaic power index fell by 4.90%, and the wind power index rose by 0.47%.
Industry dynamics
Beihai Power Plant Phase II (2) × Formal approval of 660MW) expansion project: the development and Reform Commission of Guangxi Zhuang Autonomous Region officially approved and approved Beihai Power Plant Phase II (2) × 660MW) expansion project..
Company announcement
Datang International Power Generation Co.Ltd(601991) (601991): according to the company’s preliminary statistics, as of December 31, 2021, the company and its subsidiaries have completed a total power generation of about 2729251 million kwh, a year-on-year increase of about 1.54%; The accumulated on grid power is about 257715.7 billion kwh, with a year-on-year increase of about 1.56%.
Risk tips: the epidemic situation fluctuates more than expected, the price rise is less than expected, and the installed capacity is less than expected.
