国内独立储能招标活跃，海外分布式储能利好频出

Core Insights - The report from Huazhong Securities highlights the trends in the wind power equipment sector, focusing on energy prices, storage capacity, and market developments across various regions [1][2][3][4][6]. Group 1: Market Overview - In July, the average wholesale electricity price in the core nine European countries was €84.9/MWh, showing a year-on-year decrease of 2.09% but a month-on-month increase of 29.9% [1][3]. - The U.S. has seen a 12% year-on-year increase in the number of projects awaiting implementation, while the price of utility-scale storage systems has decreased by 25% month-on-month [3][4]. - Australia's national electricity market recorded net income from storage of $130.6 million in Q2 2025, representing a 217% year-on-year increase [3][4]. Group 2: Domestic Developments - In July 2025, domestic installed capacity in China reached 3.95 GW and 12.55 GWh, with a storage tender scale of 9.0 GW and 25.8 GWh, reflecting increases of 9.79% year-on-year and 34.24% month-on-month [2]. - India is expected to exceed 2 GWh in total installed capacity for the year, with a significant tender for standalone storage projects of 43.05 GWh and solar-storage projects of 14.02 GWh [2]. Group 3: High ROE Markets - Germany installed 430 MWh of storage in July, with residential storage accounting for 374 MWh, showing a year-on-year decrease of 19.6% but a month-on-month increase of 6.6% [3]. - The UK approved new storage projects with a capacity of 5.04 GW and 10.49 GWh in July 2025 [3]. Group 4: Supply Side - In July 2025, the average bidding price for 2-hour and 4-hour storage systems in China was 0.526 and 0.417 yuan/Wh, respectively, reflecting decreases of 17.9% and 3.51% month-on-month [7].