装机倍增、成本大降，新型储能加速转型！光伏ETF(159857)实时换手率、近10日净流入2.41亿元，均居深市同类第一

Core Viewpoint - The photovoltaic ETF (159857) is experiencing a rebound with significant trading volume and net inflow, indicating strong investor interest in the solar energy sector [1][2]. Group 1: ETF Performance - As of November 19, 2025, the photovoltaic ETF (159857) saw a trading turnover of 6.55%, ranking first among similar products in the Shenzhen market, with a transaction volume of 171 million yuan [1]. - Over the past two weeks, the ETF's scale increased by 119 million yuan, and its shares grew by 257 million, demonstrating substantial growth [1]. - The ETF has a current scale of 2.622 billion yuan and 3.085 billion shares, both leading in the Shenzhen market [1]. Group 2: Industry Insights - During the 2025 China International Photovoltaic and Energy Storage Industry Conference, the chairman of Tongwei Group reported that China's new energy storage capacity has increased approximately 30 times compared to the end of the 13th Five-Year Plan [2]. - The cost of new energy storage is projected to drop below 0.2 yuan per kilowatt-hour, with leading companies achieving around 0.15 yuan per kilowatt-hour, which could lead to lower electricity prices in eastern regions [2]. - This development is expected to lay the foundation for a new energy grid supported entirely by new energy storage systems within the next 10-20 years [2]. Group 3: Policy Support - Shanxi Securities highlighted recent guidelines from the National Development and Reform Commission and the National Energy Administration aimed at establishing an efficient multi-level renewable energy consumption and regulation system by 2030 [3]. - The policy is anticipated to enhance the adaptability of the new power system to renewable energy, providing long-term support for the photovoltaic industry [3].