太阳能行业周报：7月国家能源局核发绿证1.82亿个，龙头硅片企业宣布涨价

Investment Rating - The solar industry is rated as "In line with the market - A" [1] Core Insights - In July 2024, the National Energy Administration issued 182 million green certificates, with solar power accounting for 31.48 million certificates, representing 17.28% of the total [2] - The cumulative issuance of green certificates reached 889 million by the end of July 2024, with solar power contributing 261 million certificates, or 29.31% [2] - The report highlights a 49.8% year-on-year increase in solar power installed capacity from January to July 2024, despite ongoing downward pressure on industry chain prices [3] Summary by Sections Market Performance - The report indicates that the solar power installed capacity increased by 49.8% year-on-year from January to July 2024, with the industry facing price pressures [3] Policy Developments - The State Council's white paper on energy transition emphasizes promoting renewable energy consumption and establishing a green power certificate system [3] - The document outlines the goal of enhancing the development of wind and solar power as key components of clean energy [3] Price Tracking - The average price of multi-crystalline silicon is reported at 39.5 CNY/kg, remaining stable week-on-week, while the average price of granular silicon is 36 CNY/kg [5] - The average price of 182mm monocrystalline silicon wafers is 1.25 CNY/piece, with recent announcements of price increases from leading companies [5] - Battery cell prices remain stable, with M10 cells priced at 0.285 CNY/W, while component prices are under pressure due to high inventory levels [5] Investment Recommendations - Recommended stocks include: - Buy: Canadian Solar (688472.SH), Sungrow Power (300274.SZ), Deye Technology (605117.SH), LONGi Green Energy (601012.SH), Aiko Solar (600732.SH), and Flat Glass Group (601865.SH) [3][6] - The report suggests focusing on integrated solar storage leaders and companies with rapid growth in solar demand in Africa and Latin America [6]