新能源电力行业周报：光伏政策端供需双向发力，关注各地海风项目开工进程

Investment Rating - The report maintains a positive outlook on the photovoltaic sector, indicating potential stabilization at the bottom due to dual efforts from supply and demand policies [9][18]. Core Insights - The photovoltaic industry is expected to stabilize as policies from the Ministry of Industry and Information Technology are anticipated to support reasonable competition and address issues of price undercutting [9][18]. - In April, the domestic photovoltaic installed capacity reached 14.37 GW, showing a slight year-on-year decline but a significant month-on-month increase of 59.3% [9][18]. - The wind power sector is projected to maintain growth, with a total of 16.84 GW of new wind power installations from January to April 2024, representing an increase of 18.42% year-on-year [12][21]. Summary by Sections Photovoltaic Sector - Supply-side policies are being discussed to encourage mergers and acquisitions and combat price competition [9][18]. - Demand-side growth is driven by large-scale photovoltaic base construction projects, with international interest from regions like the Middle East [9][18]. - Silicon material prices are declining, with expectations of stabilization in the near future due to supply adjustments [10][19]. - The price of silicon wafers is also decreasing, with production rates expected to drop to 60-61 GW in May [10][19]. - Battery and module prices are under pressure due to high inventory levels and rising costs of raw materials like silver [10][19]. Wind Power Sector - The average bidding price for onshore wind turbine components is around 1995 CNY/kW, with a slight decrease noted [12][21]. - The new wind power installation capacity is expected to reach approximately 89.88 GW for the entire year of 2024, reflecting a year-on-year increase of about 18.42% [12][21]. - Recent developments in offshore wind projects are progressing, with several provinces announcing feasibility studies and project bids [22][23]. - Companies like 大金重工 and 东方电缆 are highlighted as key players benefiting from the growth in offshore wind energy [23].