光伏行业重大事件点评报告：《2024年能源工作指导意见》发布，促进国际合作

Investment Rating - The report suggests a focus on distributed photovoltaic operators, household energy storage companies, and integrated photovoltaic component companies with overseas market expansion capabilities [4]. Core Insights - The "2024 Energy Work Guidance" issued by the National Energy Administration aims to increase the share of non-fossil energy power generation capacity to around 55% (up 3.1% year-on-year) and the share of wind and solar power generation to over 17% of total national power generation (up 1.7% year-on-year) [3]. - The report emphasizes the dual development of centralized and distributed photovoltaic systems, with a focus on large-scale wind and solar base construction and the promotion of distributed energy projects [3]. - The report highlights the importance of technological innovation and legal framework improvements to address challenges in grid connection and energy consumption [3]. - The report outlines the goal of expanding China's global influence in the renewable energy sector and preparing for future green electricity international trading [3]. Summary by Sections Policy Objectives - The report details the targets set in the "2024 Energy Work Guidance," including increasing the share of non-fossil energy in total energy consumption to approximately 18.9% (up 0.6% year-on-year) and enhancing the proportion of terminal electricity consumption [3]. Development Strategies - The report discusses the need for a balanced approach to centralized and distributed photovoltaic development, including the implementation of smart grid construction and exploring clean energy transition models in rural areas [3]. International Cooperation - The report emphasizes the importance of international collaboration in the clean energy industry, particularly in regions such as Europe, ASEAN, and the Middle East, to mitigate risks associated with domestic overcapacity in the renewable energy sector [3]. Investment Recommendations - The report recommends focusing on specific investment opportunities, including distributed photovoltaic operators (e.g., Xinneng Technology), household energy storage companies (e.g., Yingwei Ke, Goodwe), and integrated photovoltaic component companies with international market capabilities (e.g., JA Solar) [4].