市场化下的新蓝海，集中汇流正在扛起户用光伏的大旗

Core Viewpoint - The implementation of the new market-oriented pricing for renewable energy projects marks a significant shift from a subsidy-driven growth model to a market-driven approach, posing challenges for the household photovoltaic (PV) sector [1] Group 1: Challenges Facing Household PV - The household PV sector is facing dual structural constraints under the new market-oriented trading environment, which limits its value realization [1] - The grid's capacity is reaching its limits, hindering large-scale development, as many rural distribution networks are overwhelmed by the surge in installed capacity, leading to significant project integration challenges [2] - The decentralized nature of household PV assets makes it difficult to meet market trading requirements, resulting in a revenue dilemma where generated electricity cannot be effectively sold [2] Group 2: Solutions and Innovations - The traditional decentralized development model is inadequate for the new phase, necessitating an innovative approach that balances scale efficiency and grid compatibility, leading to the emergence of the centralized aggregation model [3] - The centralized aggregation model allows for large-scale development of rooftop PV systems at the village level, effectively addressing integration issues and opening new market opportunities [3][4] - This model enhances the bargaining power and market responsiveness of household PV projects by developing them at a megawatt scale, aligning with the technical requirements of market-oriented trading [4] Group 3: Policy Support and Market Trends - National and local policies are strongly supporting the centralized aggregation model, encouraging the development of distributed PV systems through collective village-level integration [4][5] - The centralized aggregation model is seen as a necessary direction for industry development, driven by grid capacity constraints, market demands, and policy support [5] Group 4: Future Prospects - The centralized aggregation model is rapidly gaining traction nationwide, indicating its potential to become a leading force in the market-oriented household PV sector [8] - Companies like Zhengtai Aneng are strategically positioned to leverage this model, potentially expanding into the distributed commercial energy sector and transforming from a household PV leader to a comprehensive energy service provider [8]