行业周报：光热发电“十五五”目标确定，行业有望步入规模化征程-20260111

Investment Rating - The investment rating for the industry is "Positive" [2] Core Insights - The report highlights that the "14th Five-Year Plan" emphasizes more on environmental quality and industrial green low-carbon development [3] - The solar thermal power generation sector is expected to enter a phase of scale development, with a target of reaching a total installed capacity of approximately 15 million kilowatts by 2030, aiming for cost parity with coal power [19][28] - The report indicates that the cost of solar thermal power generation has significantly decreased, with the unit construction cost dropping from approximately 300,000 yuan per kilowatt ten years ago to around 150,000 yuan, and the cost per kilowatt-hour now at about 0.6 yuan [23][28] Summary by Sections Market Performance - As of January 9, the environmental sector rose by 3.9%, outperforming the broader market, which increased by 3.8% [11] - The water management sector increased by 2.07%, while the waste management sector saw an 8.18% rise [14] Industry Dynamics - The report discusses the "Solid Waste Comprehensive Management Action Plan," which aims for significant improvements in solid waste management by 2030, including a target of 4.5 billion tons of annual comprehensive utilization of major solid waste [29] - The report also mentions the joint issuance of a notice by nine departments promoting green consumption during the "14th Five-Year Plan" period, encouraging the procurement of energy-saving and environmentally friendly products [30] Special Topic: Solar Thermal Power Generation - The report details the solar thermal power generation technology, which includes tower, trough, and Fresnel types, and emphasizes its dual function as a peak-shaving power source and long-term energy storage [19][23] - The report outlines the policy developments supporting solar thermal power, including the establishment of a pricing mechanism to promote its economic viability [27][28] - The report notes that leading companies in the sector, such as Xizi Clean Energy, are well-positioned to benefit from the expansion of solar thermal power generation [28]