Core Points - A large-scale power outage occurred in Spain and Portugal on April 28, affecting over 50 million people on the Iberian Peninsula, disrupting critical sectors such as transportation, communication, and healthcare [1][13][19] - The cause of the outage remains unclear, with the Spanish national grid company indicating that full power restoration may take between 6 to 10 hours [5][18] - The outage led to significant disruptions in communication services, with network traffic in Spain dropping by 37% and in Portugal by 30% [14][19] Group 1: Power Outage Details - The power load in Spain dropped from approximately 25 million kilowatts to about 14 million kilowatts around 12:30 PM, further declining to about 10 million kilowatts within an hour [3][5] - The outage was described as unprecedented and extraordinary by the Spanish national grid company [5][19] - Emergency measures were taken, including the use of backup power in hospitals and the evacuation of metro stations in Madrid and Lisbon [13][17] Group 2: Impact on Daily Life - In Barcelona, residents experienced a complete blackout, with traffic lights and public transport systems failing, leading to chaos in the streets [6][10] - Tourists in León faced disrupted travel plans, with hotels reaching full capacity and transportation services halted [11][13] - Communication services were severely impacted, with mobile networks experiencing significant outages, affecting voice call capabilities [14][19] Group 3: Government Response - Spanish Prime Minister Pedro Sánchez visited the national grid control center, promising to mobilize all resources to resolve the issue [17] - The Portuguese government held an emergency meeting to assess the situation and implement response measures [17] - The European Commission is in contact with Spain, Portugal, and European grid operators to investigate the root cause of the incident [18][19] Group 4: Technical Aspects - The outage may have been triggered by a fault in the Spanish grid, exacerbated by extreme temperature variations leading to abnormal oscillations in high-voltage lines [19][22] - Prior to the incident, Spain had achieved 100% renewable energy supply for the first time, raising concerns about the risks associated with increasing renewable energy capacity [22]

Core Insights - The recent data on solar photovoltaic (PV) and inverter exports indicates a mixed performance, with a notable decline in PV component exports year-on-year, while inverter exports show growth [2][3]. Summary by Category Export Data - In March 2025, the export value of domestic solar PV components and batteries was $2.463 billion, reflecting a year-on-year decrease of 23.5% but a month-on-month increase of 47.8% [2]. - The export volume of PV components and batteries reached approximately 31.80 GW, marking an 8.7% increase year-on-year [2]. - In March 2025, the export value of inverters was $633 million, representing a year-on-year increase of 5.68% and a month-on-month increase of 39.43% [2][3]. Regional Performance - The Asian market showed strong performance with an export value of 1.65 billion yuan, up 12.28% year-on-year and 38.10% month-on-month [3]. - The European market also demonstrated recovery, with an export value of 1.773 billion yuan, reflecting a year-on-year increase of 6.05% and a month-on-month increase of 63.70% [3]. - The African market saw significant growth, with an export value of 363 million yuan, up 83.03% year-on-year and 9.87% month-on-month [3]. Market Outlook - The ongoing global energy transition and domestic policies are expected to drive demand for inverters, particularly in the Asian and African markets, as household storage and large storage needs are anticipated to rise [2][3]. - The stability and adjustment capabilities of the grid are becoming increasingly important due to the rising share of renewable energy installations [3].

文 | 中关村储能产业技术联盟 一、活动背景 越南光伏与储能市场近年来呈现出强劲增长势头，成为东南亚地区最具潜力的绿色能源市场之 一。越南政府于2020年通过了更新版的可再生能源法案，到2030年计划将可再生能源占总能源结 构的比重提高至30%。 越南政府《2025-2030年新能源发展规划》将光伏储能项目增值税从10% 降至5%，并为配套储能系统提供20%的购置补贴。 这一政策刺激下，2024年三季度越南新增光 伏装机容量达1.8GW，其中配备储能的混合项目占比首次突破40%。 为进一步了解越南储能项目的发展现状、政策支持体系以及未来规划方向， 助力储能联盟会员企 业在越南进行业务布局与投资，探寻联盟会员与越南本地企业的潜在合作机会和项目落地机会 ， 中关村储能产业技术联盟拟计划赴越南开展考察交流活动。 二、活动亮点 1、政策探讨： 与越南相关政府部门及电力企业专家就"越南储能市场潜力及中越储能产业链合作 机会"展开深入探讨，明晰政策与市场。 2、市场洞察： 详细了解越南储能市场发展空间、政策与法规持续性、电力市场机制演变方向、 目标应用场景、电站开发运营模式等，产业链合作机会方面，围绕越南资源禀赋、产业竞 ...

（图片来源：路透） 周一，欧洲南部遭遇严重的大规模停电事件，西班牙政府宣布紧急状态，交通瘫痪、通信中断，数万人被困，随着夜幕降临整个国家陷入黑暗。 当地时间周一中午12:35左右，西班牙和葡萄牙大部分地区突然大面积停电，这次停电事件波及整个伊比利亚半岛，甚至影响到了法国部分地区。 据西班牙电网运营商Red Eléctrica报告，在短短5秒钟内，约15吉瓦的发电能力突然消失，相当于当时全国电力需求的60%。 （图片来源：路透） 在电网瘫痪超过11小时后，西班牙总理佩德罗·桑切斯在当地时间晚上11点的宣布，电力仅恢复了全国的一半地区，并宣布进入紧急状态。 Red Eléctrica表示，截至当地时间晚上10:30，电网仅满足了近一半的需求，部分依靠来自法国的电力供应。约三分之二的变电站恢复了运行，电力公司承诺 将"逐步增加"供电直至恢复正常水平。 葡萄牙电网运营商REN则警告， 整个系统的完全恢复可能需要长达一周的时间。 如此大规模的停电在欧洲并不常见。2003年，意大利和瑞士之间的一条水力发电站线路出现故障，导致整个意大利半岛停电约12小时。2006年，德国电网超 负荷，导致欧洲部分地区乃至远至摩洛哥的电力中 ...

Core Viewpoint - Jingneng Thermal Power (002893.SZ) reported a net profit of 67.53 million yuan for 2024, marking a 21.41% increase year-on-year, and proposed a cash dividend of 1.02 yuan per 10 shares [1] Group 1: Financial Performance - In 2024, Jingneng Thermal Power achieved a net profit of 67.53 million yuan, up 21.41% from the previous year [1] - The net profit attributable to shareholders was 66.77 million yuan, reflecting a 22.25% year-on-year increase [1] - For Q1 2025, the company reported revenue of 688 million yuan, a 5.16% increase year-on-year, and a net profit of 18.7 million yuan, up 5.31% [2] Group 2: Business Operations and Strategy - Jingneng Thermal Power focuses on heat supply, energy management, and technology services, with a strong brand presence in the industry [2] - The company has been investing in quality projects, accelerating digital transformation, and optimizing risk management to enhance operational quality [1][3] - The company is advancing smart heating systems and has been recognized for its innovative projects, including being selected for the 2024 Beijing Advanced Low-Carbon Technology Pilot Project [1] Group 3: Future Plans and Innovations - Jingneng Thermal Power plans to enhance its R&D capabilities and deepen the application of smart heating systems [3] - The company aims to leverage big data technology to improve heating production efficiency and reduce costs and carbon emissions [3] - There is a focus on integrating renewable energy into the comprehensive heating model to support the transition towards intelligent, digital, and clean energy solutions [3]

Core Viewpoint - The company reported a significant increase in revenue for 2024, but also faced substantial losses in net profit, indicating challenges in profitability despite revenue growth [1] Group 1: Financial Performance - In 2024, the company achieved operating revenue of 1.481 billion, a year-on-year increase of 22.09%, but reported a net profit attributable to shareholders of -545 million, a year-on-year decrease of 678.26% [1] - For Q4 2024, the company recorded operating revenue of 508 million, a year-on-year increase of 24.14%, with a net profit attributable to shareholders of -618 million, indicating a significant loss [1] Group 2: New Energy Projects - The company accelerated the development of new energy projects, successfully connecting the 100MW wind power project and starting construction on two 250MW solar power projects, leading to a 136.41% increase in new energy engineering revenue to 115 million [2] - The gross margin for new energy engineering increased by 45.14 percentage points to 62.62% [2] Group 3: Future Plans and Investments - The company plans to invest 1 billion in its subsidiaries in 2025 to support the construction of wind and solar projects, aiming to enhance its operational capacity in new energy [3] - By the end of 2024, the company held wind and solar power station capacities of 246MW and 298.6MW, respectively, with total electricity generation reaching 609 million and 448 million kWh [3] Group 4: Asset Management and Strategy - The company recorded a 422 million impairment loss on biomass assets due to industry policy and raw material price impacts, but aims for the biomass power station business to reach breakeven or slight profit through cost control and increased non-electric revenue [4] - The company is actively acquiring distributed wind resource indicators, with several new projects approved in 2024 [4]

中原期货研究所 中原期货研究所 晨会纪要 2025 第（76）期 发布日期：2025-04-29 | 投资咨询业务资格 | | | --- | --- | | 证监发【2014】217 | 号 | | 中原期货研究所 | 0371-58620081 | | 0371-58620083 | | | 公司官方微信 | | 1 公司官方微信 宏观要闻 1、我国将出台实施稳就业稳经济推动高质量发展的若干举措。在支持就业方面，主要包括鼓励 企业积极稳定就业、加大职业技能培训力度、扩大以工代赈等支持、加强就业公共服务等举措； 在稳定外贸发展方面，主要包括"一业一策""一企一策"加大支持力度、帮助出口企业规避 风险、扩大服务产品出海、鼓励外资企业境内再投资等；在促进消费方面，主要包括扩大服务 消费、强化失能老年人照护、推动汽车消费扩容、构建技能导向的薪酬分配制度等；在积极扩 大有效投资方面，主要包括完善消费基础设施、大力提振民间投资积极性、设立新型政策性金 融工具等；在营造稳定发展的良好环境方面，主要包括持续稳定和活跃资本市场、持续巩固房 地产市场稳定态势、加大对实体经济的金融支持等。这些若干举措将成熟一项、出台一项。 2 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自 IEEE ，谢谢。 在人工智能快速发展、 《芯片法案》提供的联邦政府资金以及私营部门数十亿美元投资的推动 下，美国半导体行业正在蓬勃发展。今年早些时候，英伟达宣布计划在亚利桑那州和德克萨斯州投 资高达5000 亿美元建设人工智能芯片工厂。台湾半导体制造公司 ( TSMC ) 承诺投入1000 亿美元 扩大其在亚利桑那州的业务。这些努力加起来预计将创造超过 10 万个新就业岗位，体现了美国重 建国内制造业基础的更广泛战略。但要实现这一雄心壮志，该行业需要新一代技术熟练的工程师。 据四所大学称，美国一些电气工程专业的半导体课程招生人数正在上升。芯片工程曾被认为是一个 小众领域，如今却吸引了渴望研究人工智能、自动驾驶汽车、可再生能源和5G网络等尖端技术的 学生。大学官员表示，学生们越来越认识到半导体是重要的基础设施和一条充满希望的职业道路。 半导体行业协会估计，美国芯片行业的就业岗位将增长33%，从2023年的34.5万个增至2030年的 46万个。但由于缺乏合格的候选人，其中6.7万个职位可能空缺，这将使芯片制造商面临产能受限 的风险。增加招生人数或许 ...

当地时间周一中午12:35左右，西班牙和葡萄牙大部分地区突然大面积停电，这次停电事件波及整个伊比利亚半岛，甚至影响到了法国部分地区。 据西班牙电网运营商Red Eléctrica报告，在短短5秒钟内，约15吉瓦的发电能力突然消失，相当于当时全国电力需求的60%。 （图片来源：路透） 周一，欧洲南部遭遇严重的大规模停电事件，西班牙政府宣布紧急状态，交通瘫痪、通信中断，数万人被困，随着夜幕降临整个国家陷入黑暗。 在电网瘫痪超过11小时后，西班牙总理佩德罗·桑切斯在当地时间晚上11点的宣布，电力仅恢复了全国的一半地区，并宣布进入紧急状态。 Red Eléctrica表示，截至当地时间晚上10:30，电网仅满足了近一半的需求，部分依靠来自法国的电力供应。约三分之二的变电站恢复了运行，电 力公司承诺将"逐步增加"供电直至恢复正常水平。 葡萄牙电网运营商REN则警告，整个系统的完全恢复可能需要长达一周的时间。 如此大规模的停电在欧洲并不常见。2003年，意大利和瑞士之间的一条水力发电站线路出现故障，导致整个意大利半岛停电约12小时。2006年， 德国电网超负荷，导致欧洲部分地区乃至远至摩洛哥的电力中断。 对于停电原因，官 ...

科技日报北京4月28日电 （记者刘园园）"2025年一季度，全国可再生能源新增装机7675万千瓦，同比 增长21%，约占新增装机的90%。"4月28日，国家能源局举行2025年二季度新闻发布会，国家能源局新 能源和可再生能源司副司长潘慧敏在发布会上表示，我国可再生能源装机规模持续实现新突破，可再生 能源继续保持新增装机的主体地位。 (责任编辑：罗伯特) 其中，水电新增装机213万千瓦，风电新增装机1462万千瓦，太阳能发电新增装机5971万千瓦，生物质 发电新增装机29万千瓦。 "可再生能源发电量稳步迈上新台阶。"潘慧敏介绍，风电太阳能发电量在全社会用电量中占比突破 20%，超出同期第三产业用电量和城乡居民生活用电量，带动非化石能源发电量占比提升至四成左右。 风电光伏新增电量超过全社会用电量增量。 据统计，2025年一季度，全国可再生能源发电量达8160亿千瓦时，同比增长18.7%，约占全部发电量的 35.9%。其中，风电太阳能发电量合计达5368亿千瓦时，同比增长26.1%，在全社会用电量中占比达到 22.5%，较去年同期提高4.3个百分点，明显超出同期第三产业用电量（4465亿千瓦时）和同期城乡居民 生活 ...