中央纪委国家监委网站1月5日消息，据中央纪委国家监委驻国家电投纪检监察组、辽宁省纪委监委消息： 国家电力投资集团有限公司 专职董事王国力 涉嫌严重违纪违法，目前正接受中央纪委国家监委驻国家电投纪检监察组纪律审查和辽宁省营口市监察委员会监察调 查。 来源： 中央纪委国家监委网站 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c ne ne rgy） 编辑丨赵方婷 ...

文 | 中关村储能产业技术联盟 1月4日，国家电投发布2026年第一批储能电芯设备和第一批储能系统设备招标工作。 第一批储能电芯设备： 分为1个标段，采购总规模 7GWh ，电芯容量 ≥314Ah ； | 标段 | 标段编号 | 标段名称 | 采购总容量(MWh) | 电芯容量(Ah) | 信息服务费 | | --- | --- | --- | --- | --- | --- | | 序号 | | | | | (元) | | | DNYZC-2026-01 -04-026-01 | 第一批储能电芯设备 | 7000 | ≥314 | 1000 | 第一批储能系统设备： 分为两个标段，采购总规模 5GWh ，其中 集中式储能系统 采购总容量4500MWh， 组串式储能系统 采购总容量500MWh。 | 标段 序号 | 标段编号 | 标段名称 | 采购总容量(MWh) | 信息服务费(元) | | --- | --- | --- | --- | --- | | | DNYZC-2026-01-04-0 | 集中式储能系统 | 4500 | 1000 | | | 30-01 | | | | | 2 | DNYZC- ...

Investment Rating - The report maintains a "Positive" investment rating for the utility sector [10] Core Insights - In November, the national trading volume of green certificates reached 132.12 million, a year-on-year increase of 143%, marking a historical high for monthly trading scale. From January to November, the trading of green certificates accounted for 41.81% of the issued tradable scale, an increase of 27.65 percentage points compared to the entire year of 2024, indicating a continuous alleviation of the oversupply issue in green certificates [2][12] - The average trading price of green certificates in November was 4.96 yuan per certificate, showing a month-on-month increase of 10.80%. The improvement in both supply and demand sides is expected to provide long-term support for green certificate prices, further catalyzing the recovery of the utility sector's attributes and growth narrative [2][12] - The report highlights a significant increase in new installed capacity for thermal power, with a historical high of 77.52 million kilowatts added from January to November, representing a year-on-year growth of 63.41%. This expansion is expected to enhance the power system's regulation capacity and alleviate the pressure on renewable energy consumption and electricity prices [2][12] Summary by Sections Green Certificate Trading - The trading volume of green certificates in November reached 132.12 million, a 143% increase year-on-year, with the trading scale hitting a historical high. The trading of green certificates from January to November totaled 728 million, a 119% increase year-on-year. The proportion of traded green certificates to the issued tradable scale reached 41.81%, up 27.65 percentage points from 2024 [2][12] - The average trading price for green certificates in November was 4.96 yuan per certificate, reflecting a month-on-month increase of 10.80%. The price stability is supported by the synchronized improvement in supply and demand, with expectations of rational expansion in supply due to policy changes [2][12] Installed Capacity - From January to November, the total new installed capacity was 44.557 million kilowatts, with November alone contributing 4.773 million kilowatts, a year-on-year increase of 27.86%. Wind and solar power installations saw significant growth, with wind power increasing by 59.42% and solar power by 33.25% year-on-year [2][12] - The report emphasizes that the substantial expansion of thermal power capacity will significantly enhance the power system's ability to accommodate fluctuating renewable energy outputs, thereby stabilizing electricity prices [2][12] Investment Recommendations - The report recommends focusing on quality thermal power operators such as Huaneng International, Datang Power, Guodian Power, and Huadian International, as well as hydropower companies like Yangtze Power and State Power Investment Corporation. It also highlights opportunities in the renewable energy sector, suggesting companies like Longyuan Power and New天绿色能源 [2][12]

Group 1 - The core point of the article is the establishment of Yunnan Qianrun Power Sales Co., Ltd. with a registered capital of 100 million yuan, which is fully owned by Guotou Electric Power [1] - The company’s business scope includes power generation, transmission, distribution, energy management services, and energy storage technology services [1] - The legal representative of the newly established company is He Shouliang [1]

Core Viewpoint - Yunnan Qianrun Power Supply Co., Ltd. has been established with a registered capital of 100 million yuan, focusing on various power-related services and is fully owned by Guotou Power [1] Group 1: Company Overview - Yunnan Qianrun Power Supply Co., Ltd. was recently founded, with He Shouliang as the legal representative [1] - The company has a registered capital of 100 million yuan [1] Group 2: Business Scope - The business scope of Yunnan Qianrun includes power generation, transmission, and distribution services [1] - Additional services offered by the company include energy management services and energy storage technology services [1] Group 3: Ownership Structure - Yunnan Qianrun is indirectly wholly owned by Guotou Power (stock code: 600886) [1]

那么，社保基金会的定增认购价对二级市场投资者意味着什么？对此，业内人士分析认为，上市公司股 价在社保基金会认购价附近止跌反弹的现象，体现了"国家队"资金的锚定效应。社保基金会作为长期资 金、耐心资本的代表，其重仓参与的价格通常被市场视为一个价值的重要参考点。不过，行业基本面和 系统性风险变化也至关重要，不排除在行业和系统性风险下股价跌破社保基金会定增认购价的可能。但 从长期投资角度看，社保基金会定增认购价确实提供了一个重要参考。 全文请见：电力板块走弱，两大千亿巨头股价再次逼近社保基金会定增认购价，将再现神奇支撑？ 近期，中国核电（601985）和国投电力（600886）的股价正再次逼近一个关键点位。最近两年，社保基 金会以战略投资者身份，以8.31元/股和12.72元/股的价格分别重仓投入120亿元和70亿元参与这两家公 司的定向增发。截至2025年12月30日收盘，中国核电和国投电力的股价分别报收8.67元和13.10元，已逼 近社保基金会的定增认购价。 ...

每经记者｜闫峰峰 每经编辑｜吴永久 近期，伴随着电力板块的整体调整，中国核电和国投电力这两只千亿巨头的股价再度逼近全国社会保障 基金理事会（以下简称社保基金会）的定增认购价，而此前该两只个股在社保基金会的定增认购价附近 均显现出韧性和支撑。每经资本眼专栏记者发现，在A股历史上有电力巨头在社保基金会定增认购价附 近获得显著支撑的案例，不过也有跌破定增认购价的案例，但最终收复了社保基金会的认购价。那么， 近期的调整是否意味着中国核电和国投电力的抄底机会来临？ 中国核电、国投电力股价下探，社保基金会认购价附近显韧性 中国核电和国投电力的股价正再次逼近一个关键点位。最近两年，社保基金会以战略投资者身份，以 8.31元/股和12.72元/股的价格分别重仓投入120亿元和70亿元参与这两家公司的定向增发。 而国投电力在2025年9月22日最低跌至13元，距社保基金会的定增认购价12.72元仅有2.15%的空间。不 过国投电力在当日止跌，并随后展开了1个多月的上涨行情。 国电电力和国信证券的案例启示：社保基金会认购价或是市场重要锚 定点 实际上，上市公司股价在社保基金会定增认购价附近获得支撑的情况，在其他个股上已有发生。 ...

智通财经APP获悉，中金发布研报称，截至2025年底，已有25省机制电价竞价结果出炉，同时，国网新 能源云已披露20个区域详细的机制电量项目清单。据测算，多地项目资本金IRR可达10%+，消纳格局 稳定区域电价和盈利可能保持在较好水平，但释放容量较少，且当前政策更支持风电增长。可能由于区 域消纳承压、当前新能源交易电价较低，且竞价规则设置下增量项目竞争激烈。建议关注风电占比高、 交易运维能力突出的行业龙头。 据中金统计，五大电力集中式光伏、风电占增量项目的19%、22%(vs.2024年末新能源市占率35%)。资 源获取量前三的集团为华电、国电投、大唐。部分集团开发重心可能在新能源大基地，而各集团常规项 目新增装机排序可能受"十五五"集团装机战略和优势区域释放增量资源的影响。 风险因素 后续竞价结果不及预期，限电率超预期，市场电价降幅超预期。 2026年风电增量项目已超56GW，考虑到大基地、海风等潜在增量，预计全年新增100GW+较有支撑， 而2026年集中式光伏增量约49GW，估算2025-2026分布式机制电量增量项目量级在10~15GW，光伏全 年增量仍需观察大基地和后续批次情况。分区域看，新疆/河北 ...

Core Insights - The total equity financing scale in A-shares for 2025 is projected to exceed 1 trillion yuan, with the Yangtze River Delta, Pearl River Delta, and Bohai Rim regions leading the way, and both Beijing and Shanghai surpassing 100 billion yuan in financing [1] Financing Overview - The total equity financing across various regions reached 1.08 trillion yuan, with initial public offerings (IPOs) amounting to 131.77 billion yuan, additional financing at 887.73 billion yuan, and convertible bond financing at 63.13 billion yuan. This represents a significant increase compared to 2024, which saw only 290.47 billion yuan in total equity financing [4] - Beijing and Shanghai are the top two regions for equity financing, with totals of 458.51 billion yuan and 172.79 billion yuan, respectively. Guangdong and Jiangsu follow with 98.41 billion yuan and 79.24 billion yuan [4] Regional Highlights - In Beijing, the equity financing scale reached 458.51 billion yuan, with state-owned banks contributing nearly 90% of the incremental capital. Major state-owned banks announced plans to issue stocks to raise core tier-one capital, with a total of 400 billion yuan raised from three banks [4] - Notable IPOs in Beijing include the "first domestic GPU stock" Moer Circuit, which raised 8 billion yuan, and chip giant Cambricon, which raised 3.985 billion yuan through additional financing [5] Policy Impact - Jiangsu, Guangdong, and Zhejiang accounted for nearly 60% of the total IPOs, with 28, 20, and 17 companies respectively. This is attributed to targeted financing policies that support manufacturing and innovation [6] - Jiangsu's new policies focus on supporting manufacturing enterprises, while Guangdong's financing scale is close to 1 trillion yuan, with significant contributions from IPOs and additional financing [6] - Zhejiang has maintained a strong IPO presence for six consecutive years, with a focus on nurturing high-quality enterprises through various support measures [7]

Group 1 - The first inter-institutional REITs project in China, backed by thermal power assets, has officially been listed, with an issuance scale of 5.46 billion yuan and an expected cash distribution rate of no less than 8% over a period of approximately 22.1 years [1] - The underlying asset for this special plan is the Xinjiang Guoxin Thermal Power Plant, which leverages a "coal-electricity integration" model to create a stable and sustainable cash flow support system [1] - The funds raised will be directed towards clean energy technology research and development, optimizing financial structure, and providing solid funding support for major strategic projects [1] Group 2 - The ABS market has seen growth this year, with over 2,400 projects issued in 2025, totaling more than 2.31 trillion yuan, a 12.13% increase from 2024 [2] - The issuance of holding-type real estate ABS has surged, with 29 projects issued this year, totaling 53.7 billion yuan, representing an increase of over four times compared to 2024 [2] - The first issuance of wind and hydropower asset holding-type ABS has occurred, indicating a diversification of underlying asset types in the ABS market [3] Group 3 - Holding-type real estate ABS is more flexible than public REITs, with no strict requirements on the underlying asset's industry, operational years, asset size, cash flow stability, or distribution rate, aligning with principles of authenticity, stability, and effective mechanisms [3]