新能源电力行业周报：光伏硅料排产有望上行，风电基本面持续向好

Investment Rating - The report indicates a positive outlook for the photovoltaic and wind power sectors, with specific recommendations for companies like 帝科股份 and 大金重工 [9][19]. Core Insights - The photovoltaic sector is experiencing price stabilization in silicon materials, while silicon wafer production is expected to increase. However, the overall price trend remains dependent on downstream demand [9][15]. - The wind power sector is seeing a recovery in turbine prices and an acceleration in offshore wind project construction, with significant growth in new installations anticipated for 2024 [10][17]. Summary by Sections Photovoltaic Sector - Silicon material prices are stable, with a projected supply increase of approximately 4% this month. However, downstream silicon wafer operating rates have decreased, leading to a 13% reduction in demand for polysilicon [9][15]. - Silicon wafer production in September was 44.31 GW, a 15.76% decrease month-over-month, primarily due to reductions from leading manufacturers [9][15]. - Battery cell prices are declining, with current inventories at specialized battery manufacturers remaining high. Production is expected to decrease in October due to holiday schedules [9][15]. - Module prices are also falling, with recent bidding prices dropping below 0.7 RMB per watt, indicating aggressive price competition among manufacturers [9][15]. Wind Power Sector - The report notes that land-based wind turbine bidding has increased, with an average bid price of approximately 1919.13 RMB per kW, indicating a stabilization in pricing [10][17]. - Offshore wind projects are progressing, with significant developments in various provinces, suggesting a potential acceleration in domestic offshore wind construction [10][11]. - The report highlights that the demand for offshore wind products is expected to grow, supported by successful overseas project deliveries [11][19]. - The overall outlook for the wind power sector remains optimistic, with a projected increase in new installations for 2024, potentially reaching 88.21 GW [18].