电力行业行业事项点评：《指导意见》量化可再生能源消费量目标，多方合力保障能源替代平稳有序

Investment Rating - The report maintains a "Positive" investment rating for the renewable energy sector, consistent with the previous rating [1]. Core Insights - The recent "Guiding Opinions" issued by multiple government departments aims to accelerate the transition to renewable energy, setting clear quantitative targets for renewable energy consumption [1][4]. - The target for renewable energy consumption is set to exceed 1.1 billion tons of standard coal by 2025 and reach over 1.5 billion tons by 2030, indicating a significant increase from previous goals [1][4]. - The report emphasizes the importance of ensuring a "safe and reliable" energy supply during the transition to renewable energy, highlighting the need for robust power prediction and smart control capabilities [2][4]. Summary by Sections Renewable Energy Consumption Targets - The 2025 target for renewable energy consumption is set at over 1.1 billion tons of standard coal, which corresponds to an estimated electricity generation of approximately 3.67 trillion kWh [1]. - By 2030, the target is to achieve over 1.5 billion tons of standard coal, necessitating an additional 1.33 trillion kWh of wind power generation [1][4]. Supply and Demand Dynamics - The report stresses the need for a multi-layered approach to ensure a smooth transition, focusing on supply reliability, infrastructure, demand response, and system regulation [2]. - It encourages the development of distributed renewable energy sources and emphasizes the importance of local consumption and conversion of renewable energy [5]. Institutional Support and Market Mechanisms - The report highlights the need for improved market mechanisms to support renewable energy participation, including the establishment of a green electricity consumption certification system [3][5]. - It also mentions the importance of direct trading agreements for renewable energy projects to stabilize electricity prices and ensure project profitability [5]. Challenges and Opportunities - The increasing pressure on the power system due to the rapid growth of renewable energy installations is acknowledged, with a focus on the need for grid upgrades and flexible resources to manage variability [5]. - The report suggests that the integration of renewable energy into the market, along with supportive policies, will provide further growth opportunities for renewable energy operators [5].