公用事业及环保产业行业研究：辽宁、江苏新一轮14.65GW海风竞配开启

Investment Rating - The report maintains a "Buy" rating for the industry [1] Core Insights - The Shanghai Composite Index fell by 0.70% and the ChiNext Index dropped by 1.15% during the week of December 16-20, 2024. The carbon neutrality sector decreased by 1.91%, the environmental protection sector fell by 2.24%, the coal sector declined by 3.30%, and the public utility sector saw a slight decrease of 0.10% [1][35] - The report highlights that the public utility sub-sectors experienced mixed performance, with other energy generation showing the largest increase of 7.09%, while wind power generation decreased by 1.45% [35] - The environmental protection sub-sectors all experienced declines, with air pollution control showing the largest drop of 4.42% [35] Summary by Relevant Sections Offshore Wind Power Developments - Liaoning Province's 2024 offshore wind power construction plan involves a total scale of 7GW, with specific allocations for cities such as Dalian (2 million kW) and Dandong (3.5 million kW) [2][55] - Jiangsu Province announced a competitive allocation for 7.65GW of offshore wind projects, marking the second batch since the "14th Five-Year Plan" [2][57] - Fujian Province's competitive allocation results for 2.4GW of offshore wind projects were announced, with all winning entities being state-owned enterprises [2][71] Market Trends and Price Tracking - The report notes that the average utilization hours for offshore wind power can approach those of thermal power, indicating its potential as a stable clean energy source [71] - The report tracks coal prices, with the latest figures showing a decrease in prices across various regions, including a drop in the Qinhuangdao coal price to 785.00 yuan/ton [73][119] - The report also highlights the carbon market, with the national carbon market's latest price at 98.33 yuan/ton, reflecting a decrease of 2.39% [90] Investment Opportunities - The report suggests focusing on high-quality thermal power assets and companies actively expanding into renewable energy, such as Huaneng International and Anhui Energy [95][104] - It emphasizes the potential of offshore wind projects, particularly in deep-sea areas, as a significant growth opportunity in the coming years [71]