Core Viewpoint - The company is actively cooperating with the verification of renewable energy price surcharges and is enhancing communication with industry authorities to monitor the allocation of financial funds and promote the recovery of accounts receivable [1] Group 1 - The company has recovered more renewable energy price surcharges in the first eight months of this year than in the entire previous year [1]

Core Viewpoint - The modern energy sector in China is experiencing significant growth, driven by policy support and technological advancements, with a focus on energy storage and renewable energy solutions [4]. Group 1: Market Performance - As of September 19, 2025, the China Securities National New State-Owned Enterprise Modern Energy Index decreased by 0.03%, with mixed performance among constituent stocks [3]. - China Coal Energy led the gains with an increase of 3.90%, while China Rare Earths saw a decline of 1.82% [3]. - The Central State-Owned Enterprise Modern Energy ETF (561790) rose by 0.18%, closing at 1.15 yuan, and has accumulated a 1.06% increase over the past two weeks [3]. Group 2: Industry Developments - The 2025 World Energy Storage Conference opened in Ningde, Fujian, showcasing significant advancements in the energy storage sector, including the release of the "China Long-term Energy Storage Industry Blue Book" and the signing of 18 project cooperation agreements with a total planned investment of 24.58 billion yuan [3]. - The industry is witnessing a robust development of a comprehensive new energy storage system, with expectations of doubling large-scale storage capacity in the next two and a half years due to favorable policies [4]. Group 3: ETF and Index Insights - The Central State-Owned Enterprise Modern Energy ETF has seen a significant growth in scale, increasing by 2.11 million yuan over the past year, ranking in the top third among comparable funds [4]. - The index tracks 50 listed companies involved in modern energy sectors, with the top ten weighted stocks accounting for 48.28% of the index [4].

Core Insights - The project marks the official launch of a new collaborative operation model of "solar thermal + photovoltaic" energy, enhancing the grid's capacity to accept renewable energy [1][5] Project Overview - The project, located in Hami City, Xinjiang, has a total installed capacity of 1 million kilowatts, consisting of a 100,000-kilowatt solar thermal storage power station and a 900,000-kilowatt photovoltaic power station [3] - The solar thermal component utilizes 260,000 linearly arranged mirrors to concentrate sunlight and heat molten salt for energy storage, achieving up to 8 hours of energy storage [3] Operational Synergy - The solar thermal power station's energy storage and peak regulation capabilities complement the photovoltaic power station, providing a seamless power supply during nighttime or cloudy periods, ensuring 24-hour stable output [5] - After full capacity grid connection, the solar thermal storage power station will serve as a fundamental regulating power source, working in tandem with the photovoltaic station to create a multi-energy complementary clean energy base [7] Environmental Impact - The project is expected to generate approximately 2.067 billion kilowatt-hours of clean electricity annually, leading to a reduction of over 1.63 million tons of carbon dioxide emissions [7]

Core Insights - The largest linear Fresnel solar thermal integrated energy demonstration project in China, the Three Gorges Group's Hami 1 million kilowatt "solar thermal + photovoltaic" project, has achieved full capacity grid connection, marking the official launch of a new collaborative operation model for "solar thermal + photovoltaic" [1] - The project is located in Hami City, Xinjiang, with a total installed capacity of 1 million kilowatts, consisting of a 100,000-kilowatt solar thermal storage power station and a 900,000-kilowatt photovoltaic power station [1] - The solar thermal component utilizes 260,000 linearly arranged mirrors to concentrate sunlight, heating molten salt for energy storage, capable of storing energy for up to 8 hours, thus enabling efficient conversion and stable utilization of solar energy [1] Project Details - The project allows the solar thermal power station to leverage its energy storage peak regulation capabilities in deep complementarity with the 900,000-kilowatt photovoltaic power station [1] - During the day, photovoltaic power generation meets the basic load of the grid; at night or during rainy periods, the thermal storage system seamlessly provides power, achieving 24-hour stable output [1] - After full capacity grid connection, the solar thermal storage power station can fully utilize its role as a basic regulating power source, working in tandem with the photovoltaic station to form a clean energy base with multi-energy complementarity [1] Environmental Impact - The project is expected to produce approximately 2.067 billion kilowatt-hours of clean electricity annually, resulting in a reduction of over 1.63 million tons of carbon dioxide emissions [1]

晒 可阳光是散的，普通的晒，温度只能让人觉得烫。所以，我们要让光尽可能晒在同一个地方。当我们用更多的反射镜，把分散的阳光集中加热同一片区域 时，就完成了聚光发热。 烘烤 9月18日，全国最大的"线性菲涅尔"光热综合能源示范项目——三峡集团哈密百万千瓦"光热+光伏"项目实现全容量并网发电。这个全国最大的"线性菲涅 尔"光热电站正像一位高超的大厨，用反射镜作灶、熔盐作料，将阳光"烹煮"成可持续的清洁电能。即便太阳下山，它仍能持续供电，有效缓解风电和光伏 的波动问题，成为电网稳定运行的新支柱。 接收反射后阳光的叫集热管，里面的熔盐需要被阳光"精准暴晒"至550℃，才算到了火候。这些经过烘烤的熔盐，最后会被送入高温熔盐储罐，它就像一个 超级"保温瓶"，让熔盐持续维持超高热度。这些高温熔盐接下来会到达一个叫"蒸汽发生系统"的地方——蒸。 "高端"的能源，往往只需要最"朴素"的烹饪方式，亿度"电"的加工，只需要一点盐！ 虽然不是同一种盐，可它是能扛住高温、堪称"能源烹饪专用"的熔盐！ 熔盐已经有了，加上线性，加上菲涅尔透镜，这个光热发电的"烹饪"方式名字就叫——熔盐"线性菲涅尔"光热发电。和烹饪一样，光热发电也有一套固定 ...

Core Viewpoint - The clean energy demand is increasing globally, with wind power becoming a crucial and sustainable energy option, driving the need for intelligent solutions to enhance operational efficiency and safety in the wind power industry [2][3]. Group 1: Industry Trends - The wind power industry is experiencing significant expansion, with a focus on automation and intelligent solutions to address labor efficiency and safety concerns [2][4]. - Ningxia, as a core wind power base, has a unique geographical advantage and is expected to achieve a 96.3% utilization rate of renewable energy by 2024 [2][3]. Group 2: Technological Advancements - The third wind farm project by Three Gorges Energy and Goldwind Technology has achieved full automation, significantly reducing the need for manual labor and enhancing operational efficiency [2][4]. - The implementation of intelligent devices has led to a reduction of over 3,000 hours in overall inspection work and a safety improvement of 3 to 5 times [5]. Group 3: Policy and Strategic Initiatives - The Chinese government is actively promoting the integration of artificial intelligence with the energy sector, aiming for a leading position in AI applications within the energy field by 2030 [7]. - Three Gorges Energy has released a white paper outlining the standardized construction of intelligent substations, focusing on enhancing operational efficiency and reducing costs through digital and intelligent technologies [7][8]. Group 4: Future Outlook - The industry is expected to see a significant reduction in hardware costs as customized equipment for wind power applications is developed, addressing current inefficiencies and redundancies [6]. - The strategy of "step-by-step advancement" is being adopted, prioritizing the automation of standardized scenarios like substations before expanding to more complex wind turbine operations [8].

哈密百万千瓦"光热+光伏"项目全容量并网发电。 今天（9月1 8日）， 全国最大的"线性菲涅尔"光热综合能源示范项目——三峡集团哈密百万千瓦"光热+光伏"项目实现全容量并网发 电，标志着"光热+光伏"协同运行新模式正式开启 ，有助于增强电网对新能源的接纳能力。 "线性菲涅尔"是太阳能光热发电技术的一种，它利用法国物理学家菲涅尔提出的光的反射和折射原理，通过太阳能的转化来发电。 项目位于新疆哈密市伊州区，总装机容量1 0 0万千瓦，包括1 0万千瓦光热储能电站和9 0万千瓦光伏电站。光热部分通过2 6万块线性排列 的反射镜聚集太阳光，加热熔盐储存热能。整个集热系统最多可实现8小时储能，有效实现太阳能的高效转化和稳定利用。 三峡集团新疆分公司现场负责人石勇介绍，项目充分发挥光热电站的储能调峰功能与9 0万千瓦光伏电站形成深度互补。白天，光伏发电 满足电网基础负荷；夜晚或阴雨时段，光热储热系统无缝衔接供电，实现2 4小时稳定输出。 来源：央视新闻客户端 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c n e n e rg y） 责编丨李慧颖 项目全容量并网后，光热储能电站可充分发挥基础调节电源的调峰作用，与 ...

Group 1 - The wind power industry has achieved preliminary results in countering internal competition, with significant stock price increases among key players such as Tongyu Heavy Industry and Chuanrun Co., Ltd. [1] - The average bidding prices for wind turbine models have rebounded in the first half of this year, alleviating pressure across the industry chain. For instance, the minimum bidding price for 5 MW units rose from 1157 RMB/kW in 2024 to approximately 1700 RMB/kW in the first half of this year [1]. - All turbine models' bidding prices in the first half of this year are now above their minimum cost prices, effectively curbing the trend of vicious low-price competition in the industry [1]. Group 2 - Major wind power stocks have seen substantial gains, with companies like China National Materials and Hangzhou Gear achieving over 100% increase in stock prices this year. China National Materials leads with a 192.84% increase [2]. - Mingyang Smart Energy reported a stabilization and recovery in bidding prices for wind turbines, with external environment improvements and better order structures contributing to a clearer path for industry and company profitability recovery [2]. - Significant net inflows of capital were observed in wind power stocks, with Tongyu Heavy Industry and Zhongtian Technology receiving 566 million RMB and 147 million RMB in net inflows, respectively [2][3].

Group 1 - The core viewpoint indicates that the renewable energy subsidy recovery has accelerated significantly in 2025, with the amount recovered in the first eight months exceeding the total for the entire year of 2024 [1][6] - The report highlights that the renewable energy sector is facing pressure on cash flow due to the transition to a fully market-based electricity pricing system by the end of 2025, which may impact the pricing of renewable energy [2][3] - The subsidy gap has been a growing issue since 2016, as the funds collected from electricity price surcharges have not kept pace with the rapid growth in installed renewable energy capacity, leading to significant subsidy arrears [3][4] Group 2 - As of the end of 2024, major companies like Three Gorges Energy and Huadian New Energy have receivables exceeding 40 billion yuan, indicating a high level of outstanding subsidies in the industry [4] - The recent acceleration in subsidy recovery is expected to improve cash flow for operators, with specific examples showing a 232.23% year-on-year increase in subsidy recovery for solar energy companies in the first eight months of 2025 [5][6] - The report suggests that resolving the subsidy arrears will alleviate pressure on accounts receivable for related companies, thereby enhancing their cash flow and supporting the sustainable development of the renewable energy sector in the long term [6]

Core Viewpoint - The "无人化" (unmanned) wind farm represents a significant shift in the wind energy sector, transitioning from human-dependent operations to data-driven and technology-driven management, thereby promoting the intelligent transformation of the wind energy industry [2][3][4]. Summary by Sections Intelligent Operation and Management - The "同利第三风电场" (Tongli Third Wind Farm) has successfully transitioned its management model from reliance on human labor to human-machine collaboration, significantly reducing inspection hours by over 3,000 and improving safety by 3 to 5 times [5][6]. - The farm's operational efficiency has increased by over 27%, validating the high value and feasibility of the unmanned model for future wind farm operations [5][6]. Technological Integration - The integration of advanced technologies, such as drones and AI systems, has enabled real-time monitoring and predictive maintenance, transforming traditional operational methods into a complete closed-loop process from data collection to decision-making and execution [6][10]. - The "云边端" (cloud-edge-end) architecture allows for seamless integration of expertise and operational capabilities, ensuring that valuable operational knowledge is preserved and can be replicated across different sites [9][10]. Policy and Industry Trends - The Chinese government has been actively promoting the integration of AI and digital technologies within the energy sector, providing strong policy support for the intelligent upgrade of the wind energy industry [8][15]. - The successful implementation of the unmanned wind farm model serves as a pilot for broader applications across various regions, indicating a shift from scale expansion to quality enhancement in the renewable energy sector [15][16]. Future Directions - The future of wind farm management is expected to evolve from a decentralized approach to a more centralized and optimized model, leveraging regional control centers and public maintenance hubs [16][20]. - The industry is facing challenges related to standardization and interoperability of AI systems, which need to be addressed to facilitate widespread adoption and integration of unmanned technologies [19][20].