中金：电力行业发展面临消纳新难题 绿电制氢氨醇等新业态有望获政策支持

Group 1 - The core viewpoint is that the rapid growth of new energy installations during the "14th Five-Year Plan" will lead to significant increases in wind and solar power capacities by the end of 2025, reaching 640 million kW and 1.2 billion kW respectively, which are 2.3 times and 4.7 times the levels at the end of 2020 [1][2] - The demand for green methanol is expected to accelerate due to the decarbonization goals in international shipping, with a projected annual demand increase of 6.72 million tons, representing a 640% growth from 2025 to 2027 [2] - The focus of policies is shifting towards ensuring demand-side responsibilities and exploring new business models such as green hydrogen and methanol production, which will likely receive policy support [2][3] Group 2 - Wind power companies are deeply involved in the green methanol sector, leveraging advantages in technology, regional resources, and cost factors, particularly in the northern regions where wind resources are abundant [3] - Several wind power-related companies are expanding their business into green methanol, including equipment manufacturers like Goldwind Technology and Yunda Co., as well as operators like Jilin Electric Power and China Tianying [3]