国家首个绿电直连规则发布，有望破除欧盟绿色贸易壁垒

Industry Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [1] Core Viewpoints - The report highlights the recent development of green electricity direct connection policies, which are expected to break down trade barriers in the EU and enhance the operational capabilities of green electricity operators [4][7] - The introduction of green electricity direct connection is seen as a necessary response to the stringent carbon barriers imposed by the EU, which will require detailed carbon footprint disclosures for various battery types starting in 2024 [7] - The demand for green electricity direct connection from companies operating in the EU is expected to be rigid, potentially leading to long-term Power Purchase Agreements (PPAs) and stabilizing expectations for renewable energy investments [8] Summary by Sections Industry Basic Information - The closing index is at 3165.47, with a 52-week high of 3359.79 and a low of 2868.51 [1] Recent Policy Developments - On May 21, 2025, the National Development and Reform Commission and the National Energy Administration issued a notice to promote the development of green electricity direct connection [4] - The policy defines green electricity direct connection and addresses issues related to the ownership of direct connection lines [6] Investment Recommendations - The report suggests focusing on companies like JinkoSolar and GCL-Poly Energy, which are expected to benefit from the green electricity direct connection policies [8]