全球能源与ESG周报：节后各板块产业链价格弱势震荡，美国大储2024年有望维持高增

Investment Rating - The report suggests a positive outlook for the global photovoltaic and energy storage sectors in 2023, indicating that the industry chain remains prosperous. It recommends focusing on leading battery manufacturers with overseas expansion advantages and sufficient technological reserves, as well as overseas large-scale energy storage companies with high profitability and ample orders [3]. Core Insights - In China, the LNG prices have continued to decline, with the average price at $7.98 per million British thermal units, down 6.09% from the previous week. The market price is at $3923.74 per million British thermal units, down 3.42% [6][10]. - The report highlights that China's thermal power projects are progressing steadily, providing long-term stability for electricity supply. The average price of power cells continues to decline, with expectations of a significant recovery in battery production around July [3][20]. - In the U.S., the report notes a 332% year-on-year increase in new large-scale energy storage installations, with an expected growth rate of over 40% in 2024 [3][20]. - The European market is projected to see a 30% year-on-year increase in new photovoltaic systems, with over 58GW expected to be installed in 2023 [3][20]. - The report emphasizes the significance of the "Interim Regulations on Carbon Emission Trading" in China, marking a milestone in the country's climate change response [3]. Summary by Sections 1. China Energy Market and ESG Updates - LNG prices have decreased, with the average price at 4864 RMB per ton, reflecting a decline of 5.55% week-on-week [9]. - The average purchase price of electricity in March 2024 is reported at 0.517 RMB/kWh in Guangdong, with a month-on-month increase of 1.8% [13]. - The report indicates that thermal power projects are advancing steadily, ensuring long-term electricity supply stability [15]. 2. U.S. Energy Market and ESG Updates - The report notes a significant increase in new large-scale energy storage installations, with December 2023 seeing an addition of 1.23GW, a year-on-year increase of 332% [3]. - The expected total installed capacity for solar energy in the U.S. for 2024 is projected to be 53.5GW [3]. 3. European Energy Market and ESG Updates - The report anticipates that Europe will install over 58GW of new photovoltaic systems in 2023, representing a 30% year-on-year growth [3]. - The report also mentions significant investments in offshore wind projects and the approval of major contracts in Germany [3]. 4. Indian Energy Market and ESG Updates - India's natural gas consumption is expected to more than double by 2050, with the government actively expanding renewable energy capacity [3]. 5. Japan and South Korea Energy Market and ESG Updates - The report highlights Japan's plans to begin discharging treated water from the Fukushima nuclear plant and South Korea's advancements in floating offshore wind projects [3]. 6. Southeast Asia and Other Energy Markets and ESG Updates - The report notes that Qatar's North Field gas project will continue to expand, and Laos has signed an agreement to develop a 1200MW wind power project [3].