电力设备行业周报：江苏新一轮海风竞配落地，宁德时代举行巧克力换电发布会

Investment Rating - The report maintains an "Overweight" rating for the electric equipment industry [1] Core Views - The report highlights potential benefits from supply-side improvements in the photovoltaic sector, particularly recommending companies involved in silicon materials and glass, such as GCL-Poly Energy and Tongwei Co., Ltd. [13][22] - The offshore wind power sector is expected to see significant growth, with competitive allocations in Jiangsu and Fujian provinces indicating a strong commitment to offshore wind development [14][22] - The report emphasizes the importance of energy storage projects, with a notable increase in bidding and winning projects in December 2024 [17][62] Summary by Sections Market Review - The electric equipment and new energy sector experienced a decline of 1.8% from December 16 to December 20, 2024, with a year-to-date increase of 7.8% [29] - Sub-sectors such as photovoltaic equipment and wind power equipment saw declines of 5.05% and 4.59%, respectively [30] Core Views of the Week Photovoltaic - Silicon wafer prices have slightly increased, indicating a potential recovery as inventory levels are expected to deplete by the end of December [22][33] - Key recommendations include GCL-Poly Energy, Tongwei Co., and LONGi Green Energy for their strong positions in the supply chain [13][22] Wind Power & Grid - The report notes significant developments in offshore wind projects, with a focus on the 2025 construction boom [15][36] - Recommended companies include Goldwind Technology and Mingyang Smart Energy for their strong market positions [15][22] Hydrogen & Energy Storage - A total investment of 3.7 billion is noted for the integrated hydrogen production project in Inner Mongolia, which aims to produce 450,000 tons of green ammonia annually [16][22] - The report highlights the growing importance of energy storage, with a focus on companies like Sungrow Power Supply and Kehua Tech [62] Price Dynamics in the Photovoltaic Industry - The report provides detailed pricing information for various photovoltaic components, indicating a slight increase in prices for silicon wafers and solar cells [47][48] Important News of the Week - The report summarizes key industry news, including strategic partnerships and project approvals in the renewable energy sector [50][54]