新能源产业十月周报：新能源产业周报：光伏、风电行业达成“反内卷”共识，价格竞争压力有望纾解

Investment Rating - The report maintains a positive outlook on the renewable energy sector, particularly in solar and wind energy, indicating a recovery in demand and stabilization of prices [1]. Core Insights - The solar industry is entering a phase of price stabilization due to reduced competition and a consensus among companies to avoid destructive pricing wars. This is expected to benefit companies with advanced production capabilities and effective cost control [3][17]. - The wind energy sector is experiencing significant growth in installed capacity, with a notable increase in offshore wind projects. The demand for large-scale wind turbines and associated components is anticipated to rise [4][18]. - The energy storage and hydrogen sectors are seeing increased project activity, with rising average bid prices for storage systems, indicating a growing market [6][19]. Summary by Sections Solar Energy - The solar supply chain is showing stable pricing across various segments, with polysilicon prices averaging 21 CNY/kg and module prices for P-type components ranging from 0.68 to 0.69 CNY/W. The market is expected to stabilize as demand increases in the fourth quarter [3][17]. - A recent meeting by the China Photovoltaic Industry Association focused on preventing unhealthy competition and promoting industry self-regulation, which is seen as a positive step towards market health [3][36]. Wind Energy - The wind energy sector has seen a significant increase in installed capacity, with 370 GW added in August, marking a 41.8% year-on-year increase. The total installed capacity for the first eight months reached 33.61 GW, up 16.2% year-on-year [4][39]. - A self-regulation agreement was signed by major wind turbine manufacturers to maintain fair competition, which is expected to limit future price declines [4][44]. Energy Storage & Hydrogen - The average bid prices for energy storage projects have increased, with EPC projects averaging 0.945 CNY/Wh and storage systems at 0.831 CNY/Wh. This reflects a growing interest and investment in energy storage solutions [6][19]. - Recent updates indicate that several hydrogen projects are progressing, with three projects receiving approval and three commencing construction [6][20].