文 / 高歌 五年之间，有关煤电功能定位从"基础保障性电源"转换为"支撑调节性电源"。 "十五五"期间，我国能源电力发展将围绕"加快建设新型能源体系、构建新型电力系统、推进能源强 国建设"三大核心目标展开。 但现实情况是，2025年9月国内电力行业动力煤消费量 接近 22 亿吨 这意味着煤电仍 起到阶段性 的支撑作用，其总量趋势将随新能源替代加速而逐步下行。 否则，只能重演2005到2012年"上大压小"的周期式休克疗法， 而难以形成持续渐进的结构优化。 与此同时，新能源规模扩张与消纳挑战并存：截至2025年9月，全国风电和太阳能发电装机容量已 达到 17 亿千瓦，占全国发电装机的46%；今年前三季度，风光发电量合计达1.7 万亿千瓦时，占 同期全社会用电量的22.3%。2025年上半年全国弃风率6.6%、弃光率 5.7%，较2024年有所上升 。 一个共识是， 当 新能源规模越来越大、电量占比越来越高，新能源发展 将会 遇到 系统消纳压力加 大、要素保障难度增加等挑战， 因此 需 将 新能源开发、建设和运行模式 的 转变 提上 议程 。 从政策、技术层面看，实现上述目标有哪些核心挑战又该如何破解？卓尔德 （ ...

Core Viewpoint - The article emphasizes the importance of developing renewable energy to improve energy structure, ensure energy security, and promote ecological civilization, with a target of reaching 3.6 billion kilowatts of installed wind and solar power capacity by 2035 in China [2]. Group 1: Training Announcement - A training session on green electricity direct connection and non-electric utilization of renewable energy is organized to help enterprises understand the latest policies and pathways [2]. - The training will take place from October 30 to 31 in Beijing [3]. - The training is hosted by China Energy News and supported academically by the China Energy Economic Research Institute [3]. Group 2: Target Audience - The training is aimed at various stakeholders including provincial power companies, power generation groups, local energy groups, and renewable energy enterprises such as wind, solar, and energy storage [4]. - It also targets energy-consuming enterprises, environmental protection companies, integrated energy service providers, equipment manufacturers, and research institutions [4]. Group 3: Course Modules - The training will cover various modules including the outlook for the 14th Five-Year Plan in electricity and renewable energy, discussions on green electricity direct connection policies, and differences in provincial policies [4]. - Other topics include application scenarios for green electricity direct connection, investment and construction models, and project approval processes [4]. - The course will also address non-electric utilization of renewable energy, current development status, and future prospects, along with case studies [4]. Group 4: Training Fees - The training fee is set at 3,900 yuan per person, which includes the training cost, while transportation and accommodation are self-managed [5]. - Payment can be made via bank transfer, and on-site payment will not be accepted [5].

Core Viewpoint - The trend of transitioning to green energy sources such as solar and wind to replace traditional energy will continue, despite existing challenges in green electricity consumption [1] Group 1: Green Electricity Consumption - The definition of green electricity consumption needs to be clarified, focusing on wind and solar power in the context of China [1] - Currently, most of the new electricity demand is being met by the addition of wind and solar power, but it has not yet reached a stage where it can significantly replace existing fossil fuel generation [1] Group 2: Challenges in Green Electricity Consumption - Two main factors restrict green electricity consumption: system costs and stability issues, and the consumption mechanism [1] - Although the cost of green electricity has decreased, its volatility requires flexible resources from the power system, resulting in higher total costs compared to traditional energy generation [1] - The responsibility for green electricity consumption is assigned to the "consumption side," with the national energy authority delegating responsibilities to provincial governments and ultimately to enterprises, especially high-energy-consuming companies [1] Group 3: Mechanisms to Promote Green Electricity Consumption - Companies can fulfill their consumption responsibilities through physical consumption (direct use of green electricity) or by purchasing "green certificates" [1] - A green certificate trading market has been established to encourage voluntary purchases by individuals [1] - Promoting green electricity consumption requires a combination of encouragement, enforcement, and market mechanisms, with ongoing improvements in related policies and market designs in China [1]

Core Viewpoint - The article emphasizes the importance of developing renewable energy to improve energy structure, ensure energy security, and promote ecological civilization, with a target of reaching 3.6 billion kilowatts of installed wind and solar power capacity by 2035 in China [2]. Group 1: Training Announcement - A training session on green electricity direct connection and non-electric utilization of renewable energy is organized to help enterprises understand the latest policies and pathways [2]. - The training will take place from October 30 to 31 in Beijing [3]. - The training is hosted by China Energy News and supported academically by the China Energy Economic Research Institute [3]. Group 2: Target Audience - The training is aimed at various stakeholders including provincial power companies, power generation groups, local energy groups, and renewable energy enterprises such as wind, solar, and energy storage companies [4]. Group 3: Course Modules - The training will cover various topics including the outlook for the 14th Five-Year Plan in electricity and renewable energy, discussions on green electricity direct connection policies, and investment models for green electricity projects [4]. - Specific modules will address the application of green electricity in zero-carbon parks and the differences between green electricity direct connection and integrated energy systems [4]. Group 4: Training Fees - The training fee is set at 3,900 yuan per person, which includes the training cost, while travel and accommodation are self-managed [5]. Group 5: Contact Information - Contact details for inquiries are provided, including two teachers' phone numbers for further assistance [5].

Group 1 - The core viewpoint of the news highlights the performance of the ChiNext New Energy ETF (159368), which experienced a decline of 3.26%, while its holdings such as Jinli Permanent Magnet and Zhongke Electric saw increases of over 3%, and Hisense Energy Technology rose by over 2% [1] - The United Nations Climate Change Summit revealed China's commitment to achieving over 30% non-fossil energy consumption by 2035, with wind and solar power capacity expected to reach six times that of 2020, targeting 360 million kilowatts, and forest stock to exceed 24 billion cubic meters [1] - According to Guosheng Securities, as of the end of August 2025, the total installed capacity of wind and solar power in China reached 1.7 billion kilowatts, with a significant potential for nearly 2 billion kilowatts of new capacity to meet the 2035 target of 3.6 billion kilowatts, which will promote the development of renewable energy and flexible power sources [1] Group 2 - The ChiNext New Energy ETF (159368) is the largest ETF fund tracking the ChiNext New Energy Index, covering various sectors within the new energy and electric vehicle industries, including batteries and photovoltaics [2] - This ETF has the highest elasticity with a maximum increase of 20%, the lowest fee rate with a combined management and custody fee of only 0.2%, and a total scale of 1.085 billion yuan as of October 16, 2025 [2] - The ETF's trading volume is the largest, with an average daily transaction of 85.76 million yuan over the past month, and it has a storage capacity of 51% and solid-state battery content of 30%, aligning with current market trends [2]

Core Viewpoint - The article emphasizes the importance of developing renewable energy to improve energy structure, ensure energy security, and promote ecological civilization, with a target of reaching 3.6 billion kilowatts of installed wind and solar power capacity by 2035 in China [2]. Group 1: Training Overview - The training on green electricity direct connection and non-electric utilization of renewable energy is organized by China Energy News and aims to help enterprises understand the latest policies and pathways for renewable energy utilization [2][3]. - The training will take place from October 30 to 31 in Beijing [3]. Group 2: Target Audience - The training is aimed at various stakeholders including provincial power companies, renewable energy enterprises (wind, solar, storage), energy service companies, and research institutions [4]. Group 3: Course Modules - The training will cover multiple modules including: - Outlook on the 14th Five-Year Plan for electricity and renewable energy development - Discussion on green electricity direct connection policies - Differences in provincial green electricity direct connection policies - Application scenarios for green electricity direct connection - Investment and construction models for green electricity direct connection projects - Planning paths for green electricity parks - Approval processes for green electricity direct connection projects - Development status and prospects of non-electric utilization of renewable energy [4]. Group 4: Training Fees - The training fee is set at 3,900 yuan per person, which includes the training cost, while transportation and accommodation are self-managed [5].

Core Viewpoint - The article emphasizes the importance of developing renewable energy to improve energy structure, ensure energy security, and promote ecological civilization, with a target of reaching 3.6 billion kilowatts of installed wind and solar power capacity by 2035 in China [2]. Group 1: Training Overview - The training on green electricity direct connection and non-electric utilization of renewable energy is organized by China Energy News and aims to help enterprises understand the latest policies and pathways for renewable energy utilization [2][3]. - The training will take place from October 30 to 31 in Beijing [3]. Group 2: Target Audience - The training is aimed at various stakeholders including provincial power companies, renewable energy enterprises (wind, solar, storage), energy service companies, and research institutions [4]. Group 3: Course Modules - The training will cover multiple modules including: - Outlook on the 14th Five-Year Plan for electricity and renewable energy development - Discussion on green electricity direct connection policies - Differences in provincial green electricity direct connection policies - Application scenarios for green electricity direct connection - Investment and construction models for green electricity direct connection projects - Planning paths for green electricity parks - Approval processes for green electricity direct connection projects - Development status and prospects of non-electric utilization of renewable energy [4]. Group 4: Training Fees - The training fee is set at 3,900 yuan per person, which includes the training cost, while transportation and accommodation are self-managed [5].

Core Viewpoint - The article emphasizes the importance of developing renewable energy to improve energy structure, ensure energy security, and promote ecological civilization, with a target of reaching 3.6 billion kilowatts of installed wind and solar power capacity by 2035 in China [2]. Group 1: Training Announcement - A training session on green electricity direct connection and non-electric utilization of renewable energy is organized to help enterprises understand the latest policies and pathways [2]. - The training will take place from October 30 to 31 in Beijing [3]. - The training is hosted by China Energy News and supported academically by the China Energy Economic Research Institute [3]. Group 2: Target Audience - The training is aimed at various stakeholders including provincial power companies, power generation groups, local energy groups, renewable energy enterprises (wind, solar, storage), energy service companies, and research institutions [4]. Group 3: Course Modules - The training will cover various topics such as the outlook for the 14th Five-Year Plan in electricity and renewable energy, discussions on green electricity direct connection policies, application scenarios, investment construction models, and the development status and prospects of non-electric utilization of renewable energy [4]. Group 4: Training Fees - The training fee is set at 3,900 yuan per person, which includes the training cost, while transportation and accommodation are self-managed [5].

Core Viewpoint - The trend of declining electricity prices in China is becoming more pronounced as the proportion of market-based electricity trading increases, impacting the profitability of power generation companies [1][5]. Summary by Sections Electricity Price Trends - In the first half of this year, the on-grid electricity prices have decreased to varying degrees, affecting net profit margins of power generation companies. The decline is attributed to factors such as policy changes, supply and demand dynamics, costs, and the spot market [2][6]. - Shandong province has announced the results of its 2025 renewable energy pricing auction, marking a significant milestone in the marketization of the renewable energy sector. The auction revealed that the photovoltaic mechanism price was set at 0.225 CNY/kWh, which is 43% lower than the coal-fired benchmark price [2][10]. Impact on Investment Decisions - The decline in electricity prices is significantly influencing investment decisions among power generation companies. Some companies are reconsidering investments in photovoltaic projects in Shandong due to the competitive pricing environment [4][13]. - Companies are advised to enhance their operational capabilities and actively engage with electricity market rules rather than passively adapting to price changes [4][12]. Financial Performance of Power Generation Companies - Longyuan Power reported an average on-grid electricity price of 399 CNY/MWh in the first half of the year, a decrease of 23 CNY/MWh compared to the same period in 2024. Wind power prices averaged 422 CNY/MWh, down 16 CNY/MWh, while photovoltaic prices were 273 CNY/MWh, down 5 CNY/MWh [6][11]. - Datang New Energy noted a decline in net profit margin from 29.90% in 2024 to 27.89% in the first half of this year, primarily due to falling electricity prices [6]. Market Dynamics and Policy Changes - The implementation of the "136 Document" has significantly influenced the electricity market, allowing renewable energy to participate in market trading without discrimination, leading to price reductions driven by supply and demand [6][7]. - The marketization of electricity trading has accelerated, with market trading volume reaching 2.95 trillion kWh in the first half of the year, a year-on-year increase of 4.8%, and market trading accounting for 60.9% of total electricity consumption [9][10]. Future Outlook and Strategies - As the proportion of renewable energy increases, the volatility of electricity prices is expected to rise. Companies are encouraged to adapt their investment strategies to focus on cost control, project site selection, and enhancing trading capabilities [12][14]. - Long-term power purchase agreements are suggested as a strategy for power generation companies to stabilize revenue expectations amidst price fluctuations [14].

Core Insights - Shanghai has engaged in green electricity cooperation with 16 provinces, conducting over 180 inter-provincial green electricity transactions since 2025, with a total transaction volume of 7.6 billion kilowatt-hours, accounting for 90% of Shanghai's total green electricity consumption of 8.39 billion kilowatt-hours [3] - High green electricity consumption enterprises face challenges regarding cost and availability, necessitating a comprehensive approach to green electricity purchasing strategies alongside carbon reduction goals [3] - The demand for green electricity is rising among major consumers, leading to a supply-demand imbalance in Shanghai [3] Group 1: Green Electricity Consumption Trends - The top 100 enterprises in China for green electricity consumption are primarily from energy-intensive industries, with Baowu Steel, JinkoSolar, and Covestro leading the list [4] - Baowu Steel's green electricity trading volume has increased annually, with approximately 1.132 billion kilowatt-hours in 2022, 2 billion kilowatt-hours in 2023, and projected 2.2 billion kilowatt-hours in 2024 [4] Group 2: Corporate Strategies for Green Electricity - Covestro aims for net-zero emissions by 2035, with green electricity being crucial for this goal, despite a slight decrease in green electricity usage ratio at its Shanghai facility [6][10] - Covestro's Shanghai facility consumed around 1 billion kilowatt-hours annually, with green electricity usage exceeding 40% in 2023 but dropping to 31% in 2024 [6] - To ensure stable green electricity supply, Covestro is diversifying its procurement strategies, including engaging with various power companies and participating in different types of green electricity transactions [7] Group 3: Energy Efficiency and Renewable Energy Integration - Companies are encouraged to enhance energy efficiency and integrate renewable energy sources, such as solar power, to increase green electricity usage [8][10] - Covestro has implemented digital transformation to optimize energy use and reduce carbon emissions, achieving stable energy consumption while increasing production capacity [9] - The construction of self-owned solar power facilities is a strategy to gradually increase green electricity usage, with Baowu Steel planning significant solar projects [10] Group 4: Market Dynamics and Policy Support - Shanghai is actively working to meet the growing demand for green electricity by introducing external resources and expanding local resources, with plans for significant renewable energy projects [14] - The city aims to achieve a solar power installation capacity of 10 million kilowatts by 2030, currently reaching 5.5 million kilowatts [14] - Innovative applications, such as integrating solar power with industrial development and urban ecology, are being promoted to enhance local green electricity supply [14]