（来源：光明日报） 转自：光明日报 在河北省昌黎县海域，河北省海上光伏示范试点项目正在稳步推进。新华社发 云南省昆明市晋宁区沙堤村农户正在收割生态水稻。光明图片/视觉中国 安徽省芜湖市繁昌区平铺镇岱湖滩渔光互补 光伏电站与村庄、稻田、沟渠等相映成景。光明图片/视觉中国 【贯彻落实中央经济工作会议精神系列报道】 走进工业生产一线，各类"硬核"技术接续"上新"，曾经高能耗、高排放的工厂能耗大幅降低，实现 了烟气净化；深入渤海的蔚蓝海面，海风吹拂中，辽宁1310万千瓦海上风电项目屹立海上、全速建设； 踏上毛乌素沙地腹地，在内蒙古鄂尔多斯嘎鲁图镇，一代代林草人将荒漠变成了绿洲……降碳、减排、 治污、增绿，让经济的每一次呼吸，都带着绿意。 日前召开的中央经济工作会议指出，坚持"双碳"引领，推动全面绿色转型。如何进一步落实"双 碳"目标？如何加快新型能源体系建设，深入打好蓝天、碧水、净土保卫战？记者对此进行了采访调 研。 节能降碳改造，助力产业绿色转型 厂房林立的厂区，生产繁忙、烟囱高耸，却不见"烟火气"。在山西临汾，蓝天白云下，山西立恒焦 化有限公司正在有序生产。优美的厂区环境，是绿色改造升级带来的美丽蝶变。 焦化、火 ...

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 Viewpoint - China's economy is maintaining a steady and progressive development trend, with high-quality growth achieving new results and increasing confidence and momentum in economic and social development [3] Group 1: Foreign Trade and Opening Up - A series of new opening measures from coastal to inland areas demonstrate China's solid steps towards higher-level opening up, injecting new momentum for global common prosperity [8] - The annual container throughput has surpassed 40 million standard containers for the first time, and the "East Corridor" of the China-Europe Railway Express has exceeded 5,000 trips this year, transporting over 530,000 standard containers [10] Group 2: Winter Consumption Dynamics - The winter tourism season has injected vitality into the consumption market, with various regions innovating business models to meet diverse consumer needs [14] - In Harbin, the 27th Ice and Snow World opened with the largest scale ever, while in Yunnan, the warm climate attracted many tourists, leading to a significant increase in occupancy rates in local accommodations [16][17] Group 3: Industrial Development and Upgrading - Technological breakthroughs are enhancing the role of industrial upgrading, with various regions focusing on innovation-driven growth to foster new momentum [20] - Significant projects include a 1.519 billion yuan independent energy storage station in Gansu, which is the largest of its kind in the province, and advancements in autonomous driving and quantum computing technologies [22] Group 4: Ensuring Warmth During Winter - Various local governments and enterprises are collaborating to ensure heating and energy supply during the cold winter months, with a central fund of 4.44 billion yuan allocated for emergency assistance [26] - In Inner Mongolia, new housing with heating facilities has been provided to flood-affected residents, showcasing efforts to ensure warmth and comfort during harsh weather [28]

零碳园区是指通过规划、设计、技术、管理等方式，使园区内生产生活活动产生的二氧化碳排放降至"近零"水平，并具备进一步达到"净零"条件的园区。 目前，全国共有国家级、省级园区超3000个，各类园区集聚了80%以上的工业企业，消耗了全国约60%的能源，产生的直接碳排放占全国的30%以上。建 设一批国家级零碳园区可以重点发挥示范引领作用，"以点带面"推进各类园区低碳化、零碳化改造建设。 据CESA储能应用分会数据库不完全统计，2025年以来，江苏、湖南、四川等10个省份24个零碳园区项目并网，容量规模近1.4GWh。 | | | | 2025年并网零碳园区典型项目清单 | | | --- | --- | --- | --- | --- | | 홍릉 | 并网时间 | 建设地点 | 项目名称 | 储能规模 | | 1 | 2025年1月7日 | 山东 | 永泰数能山东潍坊港口光储充项目 | 5MWh | | 2 | 2025年3月14日 | 江苏 | 中车威墅堰所25.06MWh微电网项目 | 12.5MW/25.06MWh | | 3 | 2025年4月25日 | 江苏 | 盐芯微2.75MWh工商业储能项目 | 2 ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 近日，华电国际发布关于公司债券发行的公告。公告显示，公司2024年年度股东大会审议通过，同意公司在2024年年度股东大会批准时起至2025 年年度股东会结束时止，发行本金余额不超过等值230亿元人民币的公司债券、可续期公司债券、可续期债权投资计划。公司已获准面向专业投资 者公开发行面值总额不超过人民币200亿元的公司债券，并完成2025年第一期和第二期科技创新公司债券的发行。第一期发行金额15亿元，期限3 年，发行利率1.87%；第二期发行金额15亿元，期限2年，发行利率1.77%。募集资金将用于偿还有息债务、补充流动资金、项目投资及运营等。 截至2025年12月30日收盘，华电国际（600027）报收于4.97元，较前一交易日下跌2.36%，最新总市值为577.11亿元。该股当日开盘5.08元，最高 5.09元，最低4.96元，成交额达8.24亿元，换手率为1.94%。 《关于公司债券发行的公告》 最新公告列表 ...

据悉，该项目投产后每年可向华中地区输送绿电21亿千瓦时，节约标准煤约64万吨，减排二氧化碳超 170万吨，对保障国家能源安全、优化能源结构、促进区域协调发展、助力"双碳"目标实现具有重要意 义。 该项目作为金沙江上游清洁能源基地重要组成部分，创新"板上发电、板下牧牛、周边造景、产业富 民"模式，建设期间累计为当地提供超过2000个就业岗位，实现了工程建设与生态保护、民生改善的协 同推进。 12月30日，国家"十四五"规划重点建设的金沙江上游清洁能源基地新能源先导工程——华电巴塘120万 千瓦光伏发电项目正式投产发电。作为我国首个实现"当年开工、当年投产"的百万千瓦级高原山地光伏 工程，该项目的投产不仅为构建新型能源体系筑牢绿色根基，更成为能源强国战略在高原地区落地生根 的生动实践。 华电巴塘光伏项目位于四川甘孜巴塘4000～5100米的雪域高原。217万块光伏组件铺展成2.5万亩"蓝色 海洋"，配套建设122千米送出线路及2座220千伏智能升压站。在建设过程中，该项目不仅创下日装1600 组组串、成桩1.58万根的行业纪录，更成功突破高海拔抗冰防震、冻土基础稳定等多项核心技术瓶颈， 为高原大型光伏项目建设积累 ...

Core Insights - The Huadian Batang 1.2 million kW photovoltaic power generation project has officially commenced operation, marking a significant milestone in China's "14th Five-Year Plan" for clean energy development [1][6] - This project is the first of its kind in China to achieve "start and operation in the same year" for a million-kilowatt-level high-altitude photovoltaic project, contributing to the establishment of a new energy system and the implementation of the energy power strategy in high-altitude regions [1][6] Project Details - Located in the snow-capped plateau of Batang, Sichuan, the project features 2.17 million photovoltaic modules spread over 25,000 acres, along with 122 kilometers of transmission lines and two 220 kV intelligent booster stations [3] - During construction, the project set industry records by installing 1,600 string units per day and driving 15,800 piles, while overcoming technical challenges related to high-altitude ice resistance, seismic stability, and frozen soil foundation [3] Economic and Environmental Impact - As a key component of the upper reaches of the Jinsha River clean energy base, the project has created over 2,000 local jobs during its construction, promoting a model that integrates power generation, livestock farming, landscape creation, and local economic development [5] - Once operational, the project is expected to deliver 2.1 billion kWh of green electricity annually to Central China, saving approximately 640,000 tons of standard coal and reducing carbon dioxide emissions by over 1.7 million tons, thereby playing a crucial role in national energy security and the achievement of carbon neutrality goals [6]

Market Overview - The Hang Seng Index opened high post-Christmas, briefly surpassing 26,000 points, but closed at 25,635 points, down 0.7%[1] - The total trading volume was HKD 224.5 billion, a 142.7% increase from HKD 92.5 billion on the previous trading day[1] - The Energy Index rose by 0.4%, while Materials, Conglomerates, and Consumer Staples fell by 2.2%, 2.0%, and 2.0% respectively[1] Stock Performance - BYD (1211 HK) and Geely Auto (175 HK) led the blue-chip gainers, rising by 3.7% and 3.4% respectively[1] - Sands China (1928 HK) and JD Health (6618 HK) were the biggest losers, falling by 4.5% and 3.4% respectively[1] Oil and Commodity Trends - WTI crude oil prices rebounded to USD 58, but remain below the six-month high of USD 70[2] - Gold, silver, and copper prices dropped by approximately 4%-10%, likely due to profit-taking[2] Macroeconomic Data - Hong Kong's export value in November increased by 18.8% year-on-year, surpassing October's growth of 17.5%[3] Industry Insights - MGM China (2282 HK) faces a significant increase in licensing fees from 1.75% to 3.5% of monthly gross revenue, leading to a 17.1% drop in its stock price[4] - The automotive sector saw gains, with NIO (9866 HK) up 4.9% and Xpeng Motors (9868 HK) up 3.9%[4] Healthcare Sector - The Hang Seng Healthcare Index fell by 1.5%, with Hengrui Medicine (1276 HK) entering a licensing agreement with Hansoh Pharmaceutical (3692 HK) for a project valued at up to RMB 1.9 billion[5] Energy Sector - Power generation stocks, including Huaneng International (902 HK) and Datang Power (991 HK), experienced declines of 6.5% and 4.7% respectively due to unfavorable long-term electricity pricing announcements[5] - Goldwind Technology (2208 HK) surged by 13.7% following reports of its investment in the commercial space industry[5]

证券代码：600027 证券简称：华电国际 公告编号：2025-099 公司债券（第一期）及公司债券（第二期）的债券募集资金扣除发行费用后，拟将用于生产性支出，包 括偿还有息债务、补充流动资金、项目投资及运营等符合法律法规要求的用途。 本期债券发行的有关文件已在上海证券交易所网站上公告，网址为www.sse.com.cn。 特此公告。 华电国际电力股份有限公司 2025年12月29日 华电国际电力股份有限公司 关于公司债券发行的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 华电国际电力股份有限公司（以下简称"本公司"）2024年年度股东大会已于2025年6月17日通过决议， 同意本公司自2024年年度股东大会批准时起至2025年年度股东会结束时止，根据本公司资金需求，适时 一次或分次发行本金余额不超过等值230亿元人民币的公司债券、可续期公司债券、可续期债权投资计 划。 本公司面向专业投资者公开发行面值总额不超过人民币200亿元的公司债券，已经上海证券交易所审核 同意，并经中国证券监督管理委员会同意注册（证监许可〔20 ...

Core Viewpoint - The power sector experienced significant declines, particularly in thermal power stocks, due to downward pressure on long-term electricity prices for 2026, which fell short of market expectations [2][5]. Group 1: Stock Performance - Major thermal power stocks saw substantial declines, with Guodian Power down 7.96%, Anhui Energy down 6.46%, and Huaneng International down 5.07% [2][3]. - Other notable declines included Shanghai Electric and Inner Mongolia Huadian, both dropping over 5% [2]. Group 2: Electricity Price Trends - The long-term electricity price for Guangdong in 2026 was set at 372.14 cents/kWh, a decrease of 19.72 cents/kWh from the previous year, nearing the lower limit of the benchmark price [5]. - In Jiangsu, the average price for January 2026 was 324.71 yuan/MWh, down 19.9% year-on-year, reflecting significant downward pressure on electricity prices in economically developed regions [5]. Group 3: Market Analysis - Analysts suggest that the ongoing market reforms may lead to a gradual increase in electricity prices, with the introduction of capacity pricing mechanisms reinforcing the foundational role of coal power [4]. - Despite the current downward trend, some institutions believe that the electricity market may not be overly pessimistic for 2026, as the government is beginning to focus on stabilizing electricity prices [7]. Group 4: Competitive Landscape - The retail electricity market has seen irrational competition, with companies engaging in aggressive pricing strategies to capture market share, leading to a temporary failure in price discovery [6]. - The introduction of new policies may help mitigate the excessive price competition among retail electricity companies, potentially restoring order to the market [7]. Group 5: Future Outlook - The construction of a new power system under the "dual carbon" goals is expected to rely on enhanced system regulation and support from the government, which may improve the performance of power operators in the future [8].