电力设备行业动态点评报告：11月装机数据，光伏新增装机25GW，风电新增装机5.95GW

Investment Rating - The industry investment rating is "Recommended (Maintain)" [14] Core Viewpoints - The report highlights that in November, the newly installed photovoltaic capacity reached 25GW, representing a year-on-year increase of 17%. As of the end of November 2024, the total installed photovoltaic capacity reached 820 million kilowatts, up 46.7% year-on-year. For the period from January to November 2024, the domestic photovoltaic newly installed capacity was 206.30GW, an increase of 26% year-on-year [14] - In the wind power sector, the newly installed capacity in November was 5.95GW, a year-on-year increase of 46%. The total installed wind power capacity reached approximately 490 million kilowatts by the end of November 2024, reflecting a year-on-year growth of 19.2%. For the same period, the domestic wind power newly installed capacity was 51.75GW, up 25% year-on-year [14] - The report suggests that the demand for new energy installations is expected to continue growing in the long term, and the pressure on consumption is likely to be alleviated through energy storage and virtual power plants [14] Summary by Relevant Sections Key Companies and Profit Forecasts - The report recommends focusing on leading photovoltaic companies such as Tongwei Co., Longi Green Energy, Jinko Solar, and others, as well as companies with strong profitability in the inverter and energy storage segments like Sungrow Power Supply and DeYe Shares. It also highlights virtual power plant business targets such as Guoneng Rixin and Ankerui [14]