全国首个机制电价竞价结果出炉，山东省风电竞价结果较好

Core Viewpoint - The recent auction results for the 2025 renewable energy mechanism electricity prices in Shandong Province indicate favorable conditions for wind energy projects, with wind power prices significantly above the auction lower limit and close to the upper limit, suggesting a favorable investment return for wind projects [2][5]. Summary by Category Electricity Pricing - The mechanism electricity price for photovoltaic (PV) energy is set at 0.225 yuan per kilowatt-hour, with an accepted volume of 1.248 billion kilowatt-hours, representing 80% of the mechanism volume [1][4]. - The mechanism electricity price for wind energy is set at 0.319 yuan per kilowatt-hour, with an accepted volume of 5.967 billion kilowatt-hours, representing 70% of the mechanism volume [1][4]. Project Details - A total of 1,175 PV projects were selected, with a combined capacity of 1.27 GW, including 1.22 GW from centralized PV and 46 MW from distributed PV [4]. - For wind energy, 25 projects were selected, covering centralized onshore, distributed onshore, and offshore wind types, with a total capacity of 3.59 GW [4]. Market Trends - The overall scale of domestic renewable energy development is expected to remain stable during the 14th Five-Year Plan period, with a greater focus on wind energy compared to the previous plan, benefiting companies in the wind energy supply chain [6]. - Companies to watch include Goldwind Technology, SANY Renewable Energy, Yunda Co., and Times New Materials [6].