Investment Rating - The report maintains a "Strong Buy" rating for the renewable energy sector, particularly highlighting the wind and solar segments as outperforming the market [2]. Core Insights - The report emphasizes the significant contracts emerging in the energy storage supply chain, with Longi signing a major project in the Middle East for BC components, indicating strong international demand [6][7]. - The wind power index has shown a 4.06% increase, outperforming the CSI 300 index by 2.42 percentage points, reflecting a positive market sentiment [5][11]. - The report notes that the domestic wind turbine bidding prices are stabilizing, which is expected to improve the profitability of turbine manufacturers [7]. Summary by Sections Wind Power - The Waning Floating Project has completed its cable procurement, with the project expected to be operational by 2027, marking a significant milestone in China's offshore wind development [10]. - The wind power index has increased by 4.06% this week, with a current PE_TTM valuation of approximately 25.13 times [11]. - Key companies in the wind sector, such as Goldwind Technology and Mingyang Smart Energy, are recommended for investment due to their expanding overseas markets and improving profitability [7][15]. Solar Power - Longi Green Energy has signed a cooperation agreement for a 1.5GW solar project in Abu Dhabi, showcasing its competitive edge in both domestic and international markets [6]. - The solar equipment index has risen by 4.18%, with the current PE_TTM valuation around 44.19 times, indicating strong market performance [5]. Energy Storage & Hydrogen - The energy storage supply chain is witnessing large-scale contracts, with Dragon Power Technology and Chuangneng New Energy agreeing to a significant procurement deal, highlighting the trend of securing supply chains amid rising demand [7]. - The energy storage index has increased by 4.79%, with a current PE_TTM of 30.73 times, reflecting a robust market outlook [5]. - Companies like Sungrow Power and Haibo Technology are recommended for their strong market positions and growth potential in the energy storage sector [7].