Zheng Quan Ri Bao·2025-09-04 16:12Core Viewpoint - The announcement from Gansu Energy indicates a significant investment in renewable energy projects, reflecting a broader trend among listed companies to enhance their renewable energy capacity in response to national policies and market demands [1][2]. Group 1: Company Developments - Gansu Energy plans to invest in a 1 million kW integrated wind and solar project in Minqin, with a total investment of 4.089 billion yuan [1][2]. - The project will consist of 500,000 kW from wind power and 500,000 kW from solar power, with expected annual electricity generation of 1.099 billion kWh from wind and 1.015 billion kWh from solar [2]. - The investment recovery period for the project is estimated at 14.91 years, with a financial internal rate of return of 6.76% [2]. Group 2: Industry Trends - The surge in renewable energy project announcements is driven by four main factors: supportive national policies under the "dual carbon" goals, increasing market demand for clean energy, technological advancements reducing costs, and strategic needs for energy security [3]. - As of the first half of the year, the total installed power generation capacity in China reached 3.65 billion kW, a year-on-year increase of 18.7%, with solar power capacity growing by 54.2% and wind power capacity by 22.7% [3]. - The industry is shifting from "scale expansion" to "quality first," facing challenges such as insufficient grid capacity and increased competition among projects [4][6]. Group 3: Policy Implications - The National Development and Reform Commission and the National Energy Administration have issued a notice promoting market-oriented pricing for renewable energy, which will require project holders to enhance their market transaction capabilities [5][6]. - This policy change aims to create a true market price for electricity, facilitating efficient resource allocation and guiding the healthy development of the renewable energy sector [5].