Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The photovoltaic industry is experiencing a price adjustment due to a recent production reduction agreement among companies, with polysilicon prices at 39 CNY/kg and module prices at 0.68 CNY/W for centralized projects and 0.70 CNY/W for distributed projects [3][21][48] - Wind power projects have seen a significant increase in newly awarded capacity, with November's capacity reaching 26.39 GW, a 93.91% increase month-on-month [4][24][60] - The energy storage sector is witnessing a rise in project bidding, with a total of 11 tender projects and 20 bid openings this week, indicating a robust market [5][25][71] Summary by Sections 1. Investment Views - Photovoltaic sector prices are stabilizing, with production reduction expectations influencing market dynamics [21][48] - Wind power market demand is strong, reflected in the substantial increase in project capacity [24][60] - Energy storage projects are expanding, with significant bidding activity reported [25][71] 2. Market Performance Review - The Shanghai Composite Index fell by 0.36%, with various sectors showing mixed performance, particularly in retail and media [2][29] 3. Photovoltaic Sector - The industry is seeing a stable operational environment with a projected increase in production and exports, particularly to emerging markets [23][48] - The production capacity for photovoltaic installations has increased significantly, with a year-on-year growth of over 20% [23][42] 4. Wind Power Sector - The wind power sector is experiencing a surge in new installations, with a cumulative installed capacity of 45.80 GW reported for the year [24][60] 5. Energy Storage & Hydrogen Sector - The energy storage market is showing growth in project scale, with significant bidding activity and competitive pricing [25][71]
新能源产业十二月周报：新能源产业周报：光伏主产业链各环节价格已初步反应减产预期
Chuancai Securities·2024-12-17 08:21