行 华福证券 电力设备 2025 年 12 月 28 日 业 研 究 行 业 电力设备 产业周跟踪：锂电、光伏产业链限产提价，重申 坚定看好 投资要点： 锂电板块核心观点：两大铁锂企业减产检修，天齐碳酸锂定价体系重 构。1）两大铁锂企业减产检修，影响短期供给；2）结算锚定"Mysteel+ 期货"，天齐碳酸锂定价体系重构。 定 期 报 告 光伏板块核心观点：市场监管总局对光伏行业开展价格竞争合规指导， 高质量发展成为明确方向。市场监管总局在合肥对光伏行业开展价格竞争 合规指导，标志着政策面对行业长期"内卷"和"劣币驱逐良币"困境的 正式介入与纠偏。此举短期旨在打击价格串通等违法行为，维护公平秩序； 长期则是引导行业从同质化低价竞争，转向技术创新与优质优价的健康发 展轨道。这为具备技术、成本优势的头部企业创造了更有利环境，并与近 期硅片企业协同挺价的市场行为形成共振。行业竞争规则正在重塑，高质 量发展成为明确方向。 风电板块核心观点：国内风电装机量快速增长，江苏多个海风项目获 核准。1）1-11 月国内风电新增装机 82.5GW，实现快速增长；2）江苏 2024 年竞配海风项目进展积极，有望在 2026 年下半 ...

海南日报讯(海南日报全媒体记者 郭萃 王培琳)日前，国家发展改革委办公厅、工业和信息化部办 公厅、国家能源局综合司印发《国家级零碳园区建设名单(第一批)》，纳入全国52个园区。海口国家高 新区是我省唯一入选的园区，将用5年时间打造具有海南自贸港特色的零碳园区"样板间"，为海南建设 低碳岛发挥示范引领作用。 海口国家高新区相关负责人表示，下一步，园区将按照批复的实施方案，构建新型能源体系、打造 绿色发展能源底座，建立零碳管理体系和市场价格机制，聚集绿色低碳产业要素，保障企业全面绿色转 型升级，为园区新质生产力发展提供绿色动力。 海口国家高新区一直将绿色发展的理念贯穿发展各环节，坚持差异化、特色化、协同化产业发展路 径，绿色产业链日趋成熟，建成了亚洲制药、齐鲁制药等22个国家级和省级"绿色工厂"，打造"绿色+智 造"产业生态圈，探索出一条"绿色能源生产绿色产品"的ESG发展路径，为海南自贸港提供了绿色工业 样本。 据悉，海口国家高新区国家级零碳园区建设将充分发挥海南自贸港开放和生态优势，围绕能源零 碳、产业降碳、建筑减碳、交通脱碳、智慧管碳、长效制碳，构建"光伏+生物质能+风电+氢能"多能互 补的能源体系，构筑" ...

Core Insights - The first batch of national-level zero-carbon parks has been announced, including 52 parks across 31 provinces and regions, ensuring at least one park in each area [1][2] - The parks focus on low-energy, low-pollution, and high-value-added industries, primarily in renewable energy sectors, emphasizing a "green production" approach [1][2] - The expected output value of these zero-carbon parks is projected to reach 3.54 trillion yuan [1] Group 1 - The first batch of zero-carbon parks includes Beijing Economic-Technological Development Area and Tianjin Economic-Technological Development Area among others [1] - The parks will utilize local wind and solar resources, with a green electricity supply ratio of at least 50% of the parks' total electricity consumption [1][2] - The initiative is part of a broader strategy to promote green transformation and explore new low-carbon development paths [2] Group 2 - The central economic work conference in 2024 emphasized the establishment of zero-carbon parks, with clear directives in the government work report [3] - A systematic deployment for zero-carbon park construction has been outlined, including a core indicator for carbon emissions per unit of energy consumption and five guiding indicators [3] - The guiding indicators focus on clean energy consumption ratio, energy consumption per unit of product output, comprehensive utilization of industrial solid waste, and reuse rates of industrial water [3]

Core Viewpoint - The successful inclusion of Xining (National) Economic and Technological Development Zone's Nanchuan Industrial Park in the first batch of national zero-carbon park pilot projects signifies national recognition of the park's efforts in green and low-carbon transformation, providing strong momentum for Xining's ecological development and industrial advancement [1]. Group 1: National Zero-Carbon Park Initiative - The first batch of national zero-carbon park construction includes 52 parks across 31 provinces (regions, municipalities) and the Xinjiang Production and Construction Corps, focusing on low-energy, low-pollution, and high-value-added industries such as new energy equipment manufacturing and advanced equipment manufacturing [1]. - The three national departments require localities to fulfill construction responsibilities, develop construction plans based on indicators, and promote key tasks and infrastructure development while ensuring energy supply and consumption are coordinated [1]. Group 2: Xining Development Zone's Green Initiatives - Xining Development Zone has integrated green and low-carbon concepts throughout its industrial layout, project construction, and operational management, aiming to optimize and upgrade its industrial structure while developing new energy, new materials, and advanced equipment manufacturing [2]. - By 2025, the zone plans to implement 18 energy-saving technical transformation projects and establish 7 provincial-level green factories and 1 provincial-level green supply chain management enterprise [2]. Group 3: Clean Energy and Industry Development - Leveraging Qinghai's unique clean energy resources, Xining Development Zone focuses on strategic emerging industries such as lithium batteries and photovoltaics, attracting leading enterprises to build a distinctive, complete, and low-carbon efficient green industrial system [3]. - The zone promotes clean energy applications and encourages the implementation of green electricity direct supply and distributed energy projects, aiming to increase the proportion of clean energy and establish a virtuous development pattern of "clean energy + green industry" [3].

Core Viewpoint - The first batch of national-level zero-carbon park construction lists has been released, comprising 52 parks across 31 provinces, indicating a significant step towards achieving near-zero carbon emissions in industrial zones [1][10]. Summary by Sections Zero-Carbon Park Definition and Importance - Zero-carbon parks are designed to reduce carbon emissions from production and living activities to "near-zero" levels, with the potential to achieve "net-zero" conditions [5]. - The construction of zero-carbon parks is a key part of national strategic deployment, aiming to lower carbon emissions to about one-tenth of the current national average [5][6]. Key Indicators for Zero-Carbon Parks - The construction of national-level zero-carbon parks is guided by a framework of "1 core indicator + 5 guiding indicators" [12][13]. - Core Indicator: Carbon emissions per unit energy consumption must be ≤0.2 tons/ton of standard coal for parks consuming 20-100 million tons of standard coal annually, and ≤0.3 tons/ton for those consuming ≥100 million tons [2]. - Guiding Indicators: - Clean energy consumption ratio > 90% - Unit energy consumption of products meets or exceeds secondary energy consumption standards - Industrial solid waste utilization rate ≥ 80% - Comprehensive utilization rates of waste heat/cold/pressure > 50% - Industrial water reuse rate ≥ 80% [2][14]. Construction and Operational Strategies - The parks will serve as experimental fields for new energy systems, focusing on direct supply of green electricity and energy storage solutions [6]. - The construction emphasizes a tailored approach based on local resources and industrial bases, promoting a coordinated regional development model [6][10]. Economic and Competitive Advantages - Zero-carbon parks are expected to enhance the green competitiveness of enterprises by lowering energy consumption and carbon emissions, thus improving production processes and technology [15]. - They will also help businesses comply with international green trade regulations, providing a competitive edge in the global market [15][7]. Investment and Funding Requirements - The investment required for constructing national-level zero-carbon parks varies significantly based on park type, scale, and foundational conditions, typically ranging from tens to hundreds of billions of RMB [16]. - Funding sources include enterprise investments, market-driven energy projects, and social capital, with a phased implementation approach to manage costs effectively [16].

2025年，园区实施高景节能优化、亚洲硅业节能改造等18个节能技改项目；新增7家省级绿色工厂、1家 省级绿色供应链管理企业。同时立足工业经济主阵地定位，系统构建绿色低碳发展政策体系。并以零碳 园区建设为关键抓手，组织南川园区申报国家试点，探索绿电溯源、绿电直连等机制创新，推动降碳举 措落地见效。 依托青海得天独厚的清洁能源禀赋，西宁(国家级)经济技术开发区聚焦锂电、光伏等战略性新兴产业， 精准招商、强链补链，集聚一批行业龙头企业，构建特色鲜明、链条完整、低碳高效的绿色产业体系。 (完) 中新网西宁12月27日电 (记者 孙睿)12月26日，国家发展改革委办公厅、工业和信息化部办公厅、国家 能源局综合司联合印发《国家级零碳园区建设名单(第一批)》，西宁(国家级)经济技术开发区南川工业 园区成功入选，成为青海省唯一跻身国家级首批试点的产业园区。 据悉，首批国家级零碳园区建设名单覆盖31个省(区、市)和新疆生产建设兵团，共52个园区入选，重点 聚焦新能源装备制造、先进装备制造、算力中心等低能耗、低污染、高附加值产业。 据介绍，今年以来，西宁(国家级)经济技术开发区将绿色低碳理念贯穿产业布局、项目建设和运营管理 全过 ...

Core Viewpoint - The National Development and Reform Commission of China has released the first batch of national-level zero-carbon park construction lists, including 52 parks, achieving full coverage across 31 provinces (regions, municipalities) and the Xinjiang Production and Construction Corps [1] Group 1: Overview of Zero-Carbon Parks - A total of 52 parks have been selected for the zero-carbon initiative, covering all provinces and regions in China [1] - The selected parks primarily focus on low-energy consumption, low pollution, and high value-added industries, including new energy equipment manufacturing, advanced equipment manufacturing, and computing power centers [1] Group 2: Expected Economic Impact - The anticipated output value of the first batch of national-level zero-carbon parks is projected to reach 3.54 trillion yuan [1]

Core Viewpoint - China is entering a critical period for achieving carbon peak goals and comprehensive green transformation, with the establishment of national-level zero-carbon parks being a key initiative to address challenges such as increased pressure on renewable energy consumption and international green trade barriers [1] Group 1: Zero-Carbon Park Overview - The first batch of 52 national-level zero-carbon parks has been officially announced, selected from numerous national and provincial parks, aiming to create "green transformation highlands" rather than "policy lowlands" [1] - Zero-carbon parks are designed to reduce carbon emissions from production and living activities to "near-zero" levels, with a target of achieving a carbon emission level approximately one-tenth of the current average for similar parks [4][6] - The parks will rely on wind and solar resources, with a requirement that at least 50% of their electricity consumption comes from green power [6] Group 2: Economic Impact and Industry Focus - The first batch of zero-carbon parks is expected to generate an output value of 3.54 trillion yuan [8] - The parks will focus on low-energy, low-pollution, and high-value-added industries, primarily in renewable energy equipment manufacturing and advanced equipment manufacturing [6][8] - 24 of the parks are currently advancing major projects, while another 24 have initiated preliminary work, indicating significant progress in construction [8] Group 3: Funding and Support Mechanisms - Relevant departments are coordinating existing funding channels and encouraging policy banks to provide medium- to long-term credit, supporting a diversified financing mechanism for the parks [9] - The parks are also exploring "green production" methods, which will enhance the competitiveness of green products in the market [9][11] Group 4: Regional Development and Resource Utilization - The zero-carbon parks will leverage regional advantages, with central and western regions utilizing wind and solar resources for industrial transfer, while eastern regions will enhance the green competitiveness of export products through offshore wind power [11] - In Jiangsu, the zero-carbon industrial park is already implementing "green production" practices, with all electricity used in production sourced from green energy [11]

Core Insights - The National Development and Reform Commission (NDRC) has released the first batch of national-level zero-carbon park construction lists, including 52 parks, achieving full coverage across 31 provinces and regions, as well as the Xinjiang Production and Construction Corps [1] Group 1: Zero-Carbon Parks Overview - Zero-carbon parks are critical for China's economic activities, energy consumption, and carbon emissions, serving as a breakthrough for green transformation and low-carbon development [2][4] - Existing national and provincial parks exceed 3,000, hosting over 80% of industrial enterprises, consuming about 60% of national energy, and accounting for over 30% of direct carbon emissions [2] Group 2: Expected Outcomes and Industry Focus - The 52 selected parks primarily focus on low-energy, low-pollution, and high-value-added industries, including new energy equipment manufacturing and advanced equipment manufacturing, with an expected output value of 3.54 trillion yuan [5][13] - Upon completion, these parks are projected to have a combined annual energy consumption exceeding 60 million tons of standard coal and carbon emissions below 15 million tons [13] Group 3: Innovation and Development - The construction of zero-carbon parks is seen as a testing ground for accelerating the establishment of a new energy system, enhancing the local consumption of renewable energy [13][16] - Emphasis is placed on technological innovation, institutional innovation, and business model innovation to achieve carbon reduction while also lowering costs and increasing efficiency [16]

| 序号 | 园区名称 | 范围 | 建设周期 | | --- | --- | --- | --- | | I | 北京经济技术开发区 | 园中园 | 2025-2028 年 | | 2 | 天津经济技术开发区 | 园中园 | 2025-2030年 | | 3 | 天津港保税区 | 园中园 | 2025-2030 年 | | র্ব | 河北保定高新技术产业开发区 | 园中园 | 2025-2028年 | | 5 | 河北沧州沧东经济开发区 | 园中园 | 2025-2027年 | | 6 | 河北唐山乐亭经济开发区 | 园中园 | 2025-2028 年 | | r- | 山西大同经济技术开发区 | 园中园 | 2025-2028 年 | | 8 | 山西阳泉高新技术产业开发区 | 园中园 | 2025-2028 年 | | 9 | 内蒙古鄂尔多斯蒙苏经济开发区 | 园中圆 | 2025-2028 年 | | HD | 内蒙古包头稀土高新技术产业开发区 | 图中圆 | 2025-2027 年 | | 11 | 辽宁沈阳中德高端装备制造产业园 | 整体 | 2025-2027 年 | | 12 | 吉林松原石 ...