电力设备及新能源行业周报：国家发改委印发《全额保障性收购可再生能源电量监管办法》，有望促进可再生能源高质量发展

Investment Rating - The report rates the electric power equipment and renewable energy industry as "Outperforming the Market" [1]. Core Viewpoints - The National Development and Reform Commission (NDRC) has issued the "Full Guarantee Purchase Regulation for Renewable Energy Power Generation," which is expected to promote high-quality development in renewable energy [1][10]. - The new regulation shifts the responsibility for full purchase of renewable energy from the grid to market entities, increasing market pressure on electricity sales [14][15]. - The report emphasizes investment opportunities in the electric power equipment sector, particularly in high-voltage construction and new power system upgrades [4][49]. Summary by Sections 1. Regulatory Updates - The NDRC's new regulation will take effect on April 1, 2024, clarifying the responsibilities of various market participants in the purchase of renewable energy [10]. - The regulation defines the purchase of renewable energy as consisting of guaranteed purchase and market transaction volumes, with specific roles assigned to grid companies, trading institutions, and dispatch agencies [11][13]. 2. Renewable Energy Generation - Investment recommendations focus on the photovoltaic sector, highlighting key players such as JinkoSolar, LONGi Green Energy, and Trina Solar, with an emphasis on battery cell segments expected to see profit reversals [16]. - The wind power sector is also noted, with recommendations for companies involved in offshore wind and component manufacturing [16]. 3. Electric Power Equipment - Investment suggestions include focusing on high-voltage equipment manufacturers like State Grid NARI Technology, Pinggao Electric, and XJ Electric, as the country transitions into the "14th Five-Year Plan" for high-voltage construction [4][49]. - The report also suggests monitoring companies with strong overseas sales capabilities, particularly in the US and European markets [4]. 4. Market Performance - The electric power equipment and renewable energy sector experienced a decline of 0.76% in the past week, underperforming the CSI 300 index by 0.06 percentage points [51].