第26周：迎峰度夏在即用电负荷有望创新高，5月抢装潮风光同台高增，垃圾焚烧处理能力获世界纪录认证

Investment Rating - The report maintains an "Outperform" rating for the industry [7] Core Insights - The report highlights the expansion of the largest thermal power base in East China, which is expected to strengthen energy security during the peak summer load period [3][18] - The report notes a record high in new photovoltaic installations in May, alongside significant growth in wind power installations [4][23] - China's waste incineration capacity has been certified as the highest in the world, with a significant increase in operational capacity since 2014 [4][43] Summary by Sections Market Review - From June 23 to June 27, the environmental sector rose by 4.05%, while the water sector increased by 1.88%. The electricity and gas sectors saw declines of 0.11% and 1.15%, respectively, with the Shanghai Composite Index rising by 1.95% [2][12] Industry Perspectives - The Zhejiang Energy Jiaxing Power Plant's Phase IV Unit 9 has officially commenced operations, increasing the total installed capacity to 6.3 million kW, which will alleviate electricity pressure in the Yangtze River Delta region during peak summer [3][18] - The National Development and Reform Commission anticipates a nationwide peak electricity load increase of approximately 100 million kW during the summer, reaching a historical high of 1.45 billion kW in 2024 [3][19] - In May, new installations of photovoltaic power reached 9,292 MW, marking a year-on-year growth of 388.03% [4][24] - The waste incineration capacity in China has increased from 186,000 tons per day in 2014 to 861,800 tons per day in 2023, with a projected design capacity of 1,166,000 tons per day by 2024 [4][43] Investment Recommendations - The report recommends Jiangsu Guoxin in the thermal power sector, with cautious recommendations for Sheneng Co. and Zhejiang Energy. It suggests attention to Funiu Co. and Huadian International [5] - In the nuclear power sector, it cautiously recommends China National Nuclear Power and China General Nuclear Power [5] - For the green energy sector, it suggests focusing on Three Gorges Energy and Jiangsu New Energy, with cautious attention to Longyuan Power and Zhejiang New Energy [5]