新能源产业十一月周报：新能源产业周报：规上工业风电、太阳能发电环比高增

Investment Rating - The report does not explicitly state an investment rating for the renewable energy industry Core Insights - The renewable energy sector, particularly solar and wind power, is experiencing significant growth, with notable increases in project capacities and market activities [4][21][55] - The solar photovoltaic (PV) market is seeing price stabilization across various segments, with expectations for price recovery due to supply-demand dynamics and upcoming seasonal demand [19][39] - Wind power projects are showing a rebound in new installations, with a substantial year-on-year increase in capacity [4][21] Summary by Sections 1. Market Performance Review - Major indices collectively declined during the week of November 8-15, with the Shanghai Composite Index down 3.52% and the Shenzhen Component Index down 3.70% [2][26] - The Shenwan Electric Equipment Index closed at 7562.85 points, reflecting a weekly decline of 2.66% [2][28] 2. Solar Energy - The price of silicon materials remains stable, with average prices for polysilicon at 40 CNY/kg and dense material at 36.5 CNY/kg [19][39] - The demand for smaller-sized silicon wafers is increasing, leading to price adjustments, while M10 battery cells maintain stable pricing due to balanced supply and demand [19][39] - The average bidding price for solar modules is reported between 0.62-0.70 CNY/W for centralized projects and 0.65-0.74 CNY/W for distributed projects [19][39] 3. Wind Energy - In October, the newly added wind power project capacity reached 13.607 GW, marking a month-on-month increase of 4.96% [4][21] - The total wind power capacity opened for bidding in 2024 has reached 136.39 GW, a 65.6% increase compared to the same period last year [4][21] 4. Energy Storage & Hydrogen Energy - The week saw a continuation of the downward trend in energy storage system and EPC projects, with 18 new bidding projects totaling 1.16 GW/19.09 GWh [22] - The average bidding price for energy storage systems is reported at 0.972 CNY/Wh, with a range between 0.812-1.395 CNY/Wh [22] - Strategic agreements for hydrogen station development have been signed in Chongqing, Guizhou, and Guangxi, promoting hydrogen energy vehicles for freight [22][25] 5. Industry Dynamics - The Guangxi Energy Bureau has announced a redistribution of renewable energy project recovery indicators for 2024, aiming to allocate up to 4 million kW for land-based projects [48] - The U.S. International Trade Commission has extended its investigation into specific photovoltaic connectors and components, impacting market dynamics [49] - The National Bureau of Statistics reported a 34.0% increase in industrial wind power generation in October, indicating a robust growth trend [50]