新能源行业周报：硅料收储平台公司落地，特高压迎来密集核准-20251214

Investment Rating - The industry investment rating is "Recommended (Maintain)" [1] Core Views - The establishment of a silicon material storage platform company enhances confidence in the profitability reversal of the photovoltaic industry. The platform, with a registered capital of 3 billion yuan, is expected to confirm reasonable pricing and storage targets for polysilicon sales [5][6] - The wind power sector shows strong bidding activity, with domestic land wind turbine bidding reaching 5.06GW in December, indicating sustained high demand [6][7] - The energy storage market is experiencing significant growth, with over 1,600 new user-side storage projects added in the first ten months of 2025, reflecting a 26% increase in project numbers and an 86% increase in installed capacity year-on-year [6][7] - The lithium battery industry is advancing solid-state battery layouts, with companies actively pursuing strategic partnerships and price adjustments in response to rising raw material costs [7][8] Summary by Sections Photovoltaic Sector - The establishment of the silicon material storage platform is expected to lead to increased registered capital and improved pricing strategies for polysilicon [5] - Demand remains weak in the short term, with component manufacturers planning significant production cuts in December [6] Wind Power Sector - Domestic land wind turbine bidding has reached 5.06GW, with a notable increase in procurement for both land and offshore wind projects [6] - The average bidding price for new land wind projects has shown a recovery, indicating a positive trend in the market [6] Energy Storage Sector - The user-side energy storage market is rapidly growing, with significant increases in both project numbers and installed capacity [6] - A major independent energy storage project in Inner Mongolia has commenced operations, highlighting the sector's development [6] Lithium Battery Sector - Companies are focusing on solid-state battery innovations and adjusting prices due to rising production costs [7] - The price transmission within the lithium battery supply chain is improving, with leading companies actively managing supply and customer relationships [7]