新能源产业十月周报：新能源产业周报：光伏组件招标价格底部已确立，风电九月装机延续增长态势

Investment Rating - The report maintains a positive outlook on the renewable energy sector, particularly in photovoltaic (PV) and wind energy, indicating a sustained growth trend in these industries [1]. Core Insights - The photovoltaic industry has established a bottom for component bidding prices, with the lowest bid recorded at 0.68 CNY/W and the final winning bid at 0.72 CNY/W, confirming the price stability in the market [3][31]. - Wind energy continues to show strong growth, with September's new installed capacity reaching 5.51 GW, a year-on-year increase of 20.83% and a month-on-month increase of 48.92% [4][32]. - The energy storage sector is experiencing an increase in bidding projects, with a total of 15 projects announced, amounting to 1.25 GW/3.06 GWh, while the opening of projects has also seen a significant rise [5][33]. Summary by Sections Photovoltaic Sector - The overall price trend in the photovoltaic supply chain remains stable, with silicon wafer prices experiencing a slight decline due to reduced demand. The average price for silicon materials is reported at 21 CNY/kg [30]. - The bidding for photovoltaic components has seen a significant drop in demand, leading to increased inventory pressure on silicon materials, which may affect pricing in the future [3][31]. - The photovoltaic industry association is considering measures to address below-cost bidding practices to ensure market stability and quality [31][8]. Wind Energy Sector - The wind energy sector is witnessing a robust increase in new installations, with cumulative installed capacity reaching 39.12 GW in the first nine months of the year, reflecting a year-on-year growth of 16.95% [4][32]. - The report highlights the ongoing trend of larger wind turbine components and the increasing demand for offshore wind installations, presenting investment opportunities in related sectors [32]. Energy Storage and Hydrogen Sector - The energy storage sector is seeing a rise in project bids, with a total of 21 projects opened, indicating a growing interest in this area [5][33]. - The hydrogen energy sector is also gaining attention, with new projects being registered and initiated, supported by government initiatives to promote clean hydrogen applications in industrial settings [34].