Core Insights - The mechanism electricity price bidding results for each province are expected to be released by the end of 2025, with overall mechanism prices being lower than the coal benchmark price, and solar prices being lower than wind prices [1] - The full market entry will exert pressure on both electricity volume and prices, with solar energy facing greater impact due to concentrated output compared to wind energy [1] - Currently, there is significant pressure on the consumption of new energy, and integrating developments with green hydrogen, ammonia, and computing power is expected to promote efficient utilization of new energy, opening up a second growth space [1] - It is recommended to focus on leading companies with excellent operational capabilities, as well as those with geographical and cost advantages [1]
银河证券：新能源有望打开第二成长空间
Di Yi Cai Jing·2025-12-02 00:25