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].

Group 1: Report Summary - The bearish logic for zinc prices in 2025 was due to the rapid increase in domestic smelting supply after the recovery of mine supply. After 10 months, the zinc price dropped from a high of 25,000 yuan/ton to 22,000 yuan/ton. Now, although the domestic supply pressure remains, fundamental factors have changed marginally, and the decline in zinc prices may have ended [1][6][39] Group 2: Domestic Mine Supply Falling Short of Expectations - From January to September, the cumulative output of zinc concentrate was 2.727 million tons, a cumulative year-on-year decrease of 3.9%. In October, production is expected to decline by about 15,000 tons to around 300,000 tons. With high-altitude mines entering the shutdown cycle in the fourth quarter, domestic mine supply growth expectations have basically failed [7] - Due to the continuous strong overseas and weak domestic situation, the cost - performance of imported mines is low. As winter storage approaches and smelter raw material inventories decline, domestic mine TC has started to fall, showing a marginal positive factor [7] - As of the end of September, smelter raw material inventories had decreased by 15,000 tons from the peak, and the number of available days had decreased by 3 days [7] Group 3: Overseas Deficit to be Filled by China - From January to the third quarter, overseas refined zinc production totaled 5.132 million tons, a cumulative year-on-year decrease of 1.5%. The annual output is expected to be 6.836 million tons, a cumulative year-on-year decrease of 1.4%. Low long - term contract prices and high energy costs have inhibited overseas smelter production enthusiasm [15] - LME inventory has dropped from a high of 230,000 tons at the beginning of the year to less than 40,000 tons. The continuous decline in inventory along with rising premiums indicates real consumption. The long - standing strong overseas and weak domestic pattern has opened the window for Chinese refined zinc exports, which will significantly relieve China's supply pressure [15][17] Group 4: Consumption Exceeding Expectations - Apparent consumption has been boosted by the expansion of integrated and processing enterprises. The zinc alloy production capacity of 53 major smelters in China is 2.06 million tons, accounting for 25.4% of the total zinc smelting capacity. In 2024, the zinc alloy output of sample enterprises was 1.099 million tons, a year - on - year increase of 3.5%. If social inventory accumulates to 200,000 tons, the year - on - year growth rate of apparent consumption can reach about 5.9%. If inventory reduction occurs around November, it will be a positive factor [24] - In terms of actual consumption, exports and domestic demand are resilient. Real estate drags zinc consumption by 2.5% - 3%. Infrastructure investment has a 3.4% cumulative year - on - year growth from January to September 2025, with grid investment growing at 14%. The investment in railway, ship, aerospace transportation, etc., is strong, and it is estimated that this sector, combined with infrastructure, will drive consumption growth of 3.5% - 5%. Automobiles, "two heavy and two new" industries, and exports also contribute to consumption growth. The actual consumption growth rate of zinc for the whole year is estimated to reach about 5%, and the apparent consumption may reach over 7% [28][29][34]

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].

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, and renewable energy enterprises such as wind, solar, and energy storage [4]. - It also targets energy-consuming enterprises, environmental protection companies, integrated energy service companies, equipment manufacturers, and research institutions [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 differences in provincial policies [4]. - Other modules include applications of green electricity direct connection in zero-carbon parks, investment models, project approval processes, and typical 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 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].

Market Overview - The Shanghai Composite Index increased by 1.07% this week, while the Utilities Index rose by 0.28% and the Environmental Index increased by 1.06%, with relative weekly returns of -0.79% and -0.01% respectively [2][3] - Among the 31 primary industry sectors classified by Shenwan, the Utilities and Environmental sectors ranked 6th and 4th in terms of growth [2][3] Power Sector Performance - In the power sector, thermal power decreased by 0.82%, while hydropower and renewable energy generation increased by 0.82% and 1.09% respectively [2][3] - The water sector saw an increase of 2.74%, while the gas sector declined by 0.63% [2][3] Important Events - At the UN Climate Change Summit, national leaders announced China's new commitments to reduce greenhouse gas emissions by 7%-10% from peak levels by 2035 and to increase non-fossil energy consumption to over 30% of total energy consumption [3] - In August, China's total electricity consumption reached 10,154 billion kWh, a year-on-year increase of 5.0% [3] - Cumulative installed power generation capacity reached 3,690 million kW by the end of August, with solar power capacity growing by 48.5% year-on-year [3] Regional Market Insights - The Sichuan electricity spot market has begun trial settlements, experiencing instances of negative electricity prices due to an oversupply situation [4] - As of 2024, Sichuan's total installed capacity is projected to be 14,346 MW, with hydropower accounting for 71.2% [4] Investment Strategies - In the utilities sector, coal and electricity prices are expected to decline, maintaining reasonable profitability for thermal power companies [5] - Continued government support for renewable energy development is anticipated to stabilize profitability for renewable energy companies [5] - Recommendations include major thermal power companies, national renewable energy leaders, and stable nuclear power operators [5] Environmental Sector Insights - The water and waste incineration sectors are entering a mature phase, with significant improvements in free cash flow [5] - The domestic market for scientific instruments exceeds $9 billion, indicating substantial potential for domestic substitution [5] - The upcoming EU SAF blending policy is expected to increase demand for raw materials, benefiting the domestic waste oil recycling industry [5]

Core Insights - The launch of the first mini heavy-duty truck battery swap station in Jiangsu Province at the G104 Doumen service area is a significant step towards implementing the "dual carbon" strategy and enhancing the infrastructure for electric vehicles [1] - The station features an integrated design with "4+1 battery swap stations and 4 120kW DC fast charging guns," which improves operational efficiency for electric heavy-duty trucks [1] - The battery swap technology allows for a swap time of just 5 minutes, which is over 10 times more efficient than traditional charging methods, with a daily swap capacity exceeding 80 times [1] Infrastructure and Services - The battery swap station is equipped with DC charging piles that cover an average of 432 vehicle trips per day, addressing issues related to long charging times and limited space for heavy-duty trucks [1] - The station is expected to reduce carbon emissions by approximately 2,500 tons annually and lower fleet operating costs by over 30%, providing cost-effective and efficient green logistics support [1] - The G104 Doumen service area also includes advanced features such as an intelligent scheduling security system, battery health management, and cloud-based settlement, enabling automated operations and 24-hour monitoring [2] Future Developments - The city’s highway department plans to continue enhancing the heavy-duty truck battery swap network to meet the diverse needs of drivers for green and efficient travel, contributing to the establishment of a modern low-carbon transportation system [2]

Core Viewpoint - Fujian Province is actively promoting the development of renewable energy and accelerating its green transformation through a newly issued action plan aimed at achieving comprehensive green transition in the economy and society [1][2]. Group 1: Action Plan Overview - The action plan emphasizes the development of non-fossil energy as a core task, including the upgrade of onshore wind power, acceleration of offshore wind projects, and safe development of nuclear power [1][3]. - By 2030, the proportion of non-fossil energy consumption in Fujian is expected to exceed 30% [3]. Group 2: Implementation Pathways - The action plan outlines three specific pathways for energy green and low-carbon transformation: 1. Strengthening the clean and efficient use of fossil energy, with strict control over coal consumption growth during the 14th Five-Year Plan period and gradual reduction in coal consumption proportion during the 15th Five-Year Plan [2]. 2. Promoting the development of non-fossil energy, including the construction of offshore wind power bases and the exploration of marine energy [3]. 3. Accelerating the establishment of a new power system, enhancing the provincial power grid, and promoting the construction of new energy storage facilities [3]. Group 3: Government Support and Policies - Central and local governments have introduced various policies to support the development of renewable energy, focusing on consumption mechanisms, industrial guidance, and market reforms [4]. - Specific measures include the development of advanced energy industries in cities like Beijing and Jiangsu, with goals to cultivate leading enterprises and strategic emerging industry clusters by 2030 [4]. Group 4: Challenges and Solutions - The rapid development of the renewable energy industry has led to increased challenges such as consumption difficulties and pressure on the power system [5]. - Recent policies from the central government aim to address these challenges, including mechanisms for promoting local consumption of renewable energy [6].