191 11 6 the the state of the state n - 138 08:11 219 The St 24 12 2 Career t the 25 a production r and real 7 0 0 1 1 1 2 0 the the first the star 4 in Park r and the 19571 at 2 475 the state t and the state t the state of the states of the station of the station of the station of the station of the station of the station of the station of the station of the states of the stati e states and 2 365 in 19 Tell Pro 4 it 编辑：罗浩 新华财经北京12月27日电（记者沈寅飞） 记者从中国华电获悉，我国在建海拔最高双曲拱坝电站——华电金上叶巴滩水电站首批机组27日正式投产发电， 为构建新型能源体系和能源强 ...

来源：薛晨/@新华社 叶巴滩水电站位于四川省甘孜藏族自治州白玉县与西藏自治区昌都市贡觉县交界的金沙江干流上，是国 家"十四五"规划重大工程。叶巴滩水电站总装机容量224万千瓦，是金沙江上游川藏段装机容量最大的 水电站。叶巴滩水电站最大坝高217米，具有高寒、高海拔、特高拱坝、高地应力、高埋深、大跨度地 下厂房等"五高一大"基本特征。此次首批投产发电的机组为4号和3号机组，实现"一月双投"。 12月27日，我国在建海拔最高双曲拱坝电站——叶巴滩水电站首批机组正式投产发电，为构建新型能源 体系和能源强国建设再添新动能。 ...

随着 " 双碳 " 战略的深入推进，我国风光新能源装机规模持续高速增长，截至 2025 年 11 月底，全国风光发电累计装机 已达 17 亿千瓦以上，风光发电渗透率已超 20% ，在此情景下，风光出力的间歇性和波动性对电力系统支撑调节资源的需 求快速增加。光热发电兼具调峰电源和长时储能双重功能，能够实现用新能源调节支撑新能源，可以为电力系统提供长周 期调峰能力和转动惯量，是实现新能源安全可靠替代的有效手段。 锚定碳达峰和 2035 年国家自主贡献目标，新能源扩量增质需要不断提升系统友好性，推进光热发电规模化发展是其中一 个重要路径。在此背景下，国家发展改革委、国家能源局印发《关于促进光热发电规模化发展的若干意见》（以下简称 《若干意见》），推动光热发电规模化、高质量发展，多场景、融合创新应用，对行业发展和新型电力系统建设具有重要 意义。 一、耦合长时热储能和系统调节性能，光热发电是新型电力系统十分稀缺的安全可控绿色电源 目前，我国光热发电已建成规模 162 万千瓦，在建装机规模 270 万千瓦（占全球在建装机的 90% 以上），项目储热时 长大多在 6 小时以上。其中，单站最大装机 35 万千瓦，配置长达 1 ...

Group 1: Key Developments in Energy Sector - The first unit of the Zhejiang Tiantai Pumped Storage Power Station has achieved grid-connected power generation, marking a significant breakthrough in high-head, large-capacity pumped storage units in China [1] - The total installed capacity of the Tiantai Pumped Storage Power Station is 1.7 million kilowatts, with a single unit capacity of 425,000 kilowatts, the highest in the country, and a rated head of 724 meters, the highest in the world [1] - The power station is expected to generate approximately 1.7 billion kilowatt-hours annually, enough to meet the electricity needs of about 1.6 million people, while saving 520,000 tons of coal and reducing carbon dioxide emissions by 1.04 million tons each year [1] Group 2: Regional Energy Strategy - Zhejiang Province is accelerating the construction of a new energy system, with a focus on clean, low-carbon, and efficient energy production and consumption [2][4] - The total installed capacity of pumped storage in Zhejiang has surpassed 10 million kilowatts, reaching 10.305 million kilowatts, making it the second highest in the country, following Guangdong [2] - The province has plans for nearly 20 million kilowatts of pumped storage capacity under construction and in planning, leading the nation [2] Group 3: Energy Demand and Supply Dynamics - Zhejiang is characterized as a "resource-scarce province with high energy consumption," relying heavily on external energy sources, with one-third of its electricity imported from outside the province [5][6] - The province's electricity consumption reached 608.8 billion kilowatt-hours in the first ten months of the year, a year-on-year increase of 7.8%, the highest growth rate among major economic provinces in the country [9] - To enhance energy supply capabilities, Zhejiang is diversifying its energy sources, including offshore wind power, pumped storage, and nuclear power projects [9]

12月25日，三峡集团浙江天台抽水蓄能电站首台机组实现并网发电，标志着我国在高水头、大容量抽蓄机组建设领域实现重要突破。 天台抽水蓄能电站是我国"十四五"重点实施项目，总装机容量170万千瓦。此次投运的机组单机容量达42.5万千瓦，位居国内之首；额定水头724米，为世界 第一；单级斜井长度达483.4米，也创下国内纪录。 作为华东电网重要的调节电源，电站预计2026年迎峰度夏期间全面投产，年发电量约17亿千瓦时，可满足约160万人一年生活用电，每年可节约燃煤52万 吨、减少二氧化碳排放104万吨。 解读：当前，我国正着力构建清洁低碳、安全高效的新型能源体系。随着风、光等新能源快速发展，电力系统对灵活调节能力的需求也日益增强。 储能作为能源转换与利用的关键纽带，已成为新型能源体系中不可或缺的一环。而作为目前技术最成熟、经济性最优的储能技术，抽水蓄能的作用愈发关 键。 据当地媒体报道，浙江天台抽水蓄能电站未来将成为长三角地区重要的清洁能源调节枢纽，对区域电网的调峰、填谷、调频、调相和紧急事故备用起到至关 重要的"稳定器"和"调节器"作用。 值得注意的是，随着该机组投运，浙江抽水蓄能总装机规模首次突破1000万千瓦 ...

21世纪经济报道记者雷椰 李德尚玉 北京报道 岁末年终，市场翘首以盼的首批国家级零碳园区建设名单终于出炉。 零碳园区建设是一项创新性工作。2024年中央经济工作会议要求"建立一批零碳园区"，2025年政府工作报告再次作出明确部署。6月，国家发展改革委、工 业和信息化部、国家能源局等部门印发《关于开展零碳园区建设的通知》（发改环资〔2025〕910号，以下简称《通知》），提出了加快园区用能结构转型 等8方面重点任务，以及国家级零碳园区建设"1项核心指标+5项引导指标"的指标体系。 12月26日，国家发展改革委发布首批国家级零碳园区建设名单，共纳入52个园区。首批名单实现31个省（区、市）和新疆生产建设兵团全覆盖，每个地区至 少有1个园区入选，部分工作基础较好、新能源资源禀赋较好的地区入选的园区适当增多。值得注意的是，此次发布的是"国家级零碳园区建设名单"，未来 还要进行验收，园区达到了指标要求才能真正作为国家级零碳园区。 "此外，首批国家级零碳园区是应对绿色贸易挑战的桥头堡。现在国际市场上，低碳或零碳已经成了国际贸易和供应链的通行证。零碳园区可溯源的能源供 应系统和全流程碳足迹管理体系，能帮企业把产品碳足迹算得 ...

门克庆煤矿，位于鄂尔多斯市乌审旗图克镇，国家首批智能化示范矿井。李人立的儿子李雷就在这里工 作，同样是煤矿工人，父子的青春记忆却天差地别。两代人不同的青春记忆，是内蒙古能源行业迭代升 级历程的缩影。 如今在能源领域，内蒙古除了煤炭开采更智能、资源利用更高效、生产工艺更清洁、矿山环境更美丽、 矿区秩序更和谐，还肩负一项重要的使命。 【编者按】能源安全是关系国家经济社会发展的全局性、战略性问题。习近平总书记强调，"我们必须 从国家发展和安全的战略高度，审时度势，借势而为，找到顺应能源大势之道"。在习近平总书记提出 的"四个革命、一个合作"能源安全新战略指引下，我国新型能源体系建设取得积极进展，能源发展实现 新突破、开创新局面。 为充分展现能源领域新质生产力发展成效，《中国能源报》推出"深入践行国家能源安全"系列报道。 《中国能源报》将目光聚焦北疆，携手内蒙古自治区能源局、自治区矿山安全监管局，深入工作一线， 全方位呈现内蒙古在能源保供、安全治理与技术创新领域的坚实步伐与卓越成就。从顶层设计到基层实 践，多方合力，共同谱写能源高质量发展的崭新篇章。 本期为系列纪录片第一集——一块煤能走多远。 告别混沌，一块块煤炭来 ...

Investment Rating - The credit risk outlook for the power and electrical equipment manufacturing industry in 2026 is overall controllable, with structural differentiation continuing, highlighting the stability of leading enterprises while remaining cautious about the operational and debt pressures faced by small and medium-sized enterprises [8][50]. Core Insights - The power and electrical equipment manufacturing industry is a crucial part of the national economy, closely linked to macroeconomic growth and electricity investment demand. Since 2024, electricity consumption has steadily increased, and the industry is accelerating the construction of a new energy system and power grid [8][9]. - In 2025, industry policies focus on growth stabilization, market reform, industrial integration, and rural electricity support, with attention needed on the execution of growth targets and the participation of private capital [8][11]. - The industry is characterized by a pyramid structure, with a large number of small and medium-sized enterprises facing intense competition. The ability to negotiate with upstream and downstream partners is weak, and there is significant capital occupation from accounts receivable and inventory [8][21]. - Profitability in the industry is under pressure from upstream and downstream factors, but there was a slight recovery in operating profit in the first half of 2025, with overall profitability remaining stable compared to the previous year [8][27]. - The industry maintains a good credit status, with no new defaults reported in 2025, although there is a need to monitor potential concentrated repayment pressures in the future [8][39]. Industry Fundamentals - The power and electrical equipment manufacturing industry is significantly influenced by national economic growth and electricity investment demand. In 2024, the total electricity consumption in China reached 9.85 trillion kWh, a year-on-year increase of 6.8% [10]. - The investment in power generation and grid construction has seen substantial growth, with a focus on renewable energy installations becoming the mainstay [19][18]. Industry Policies and Regulatory Environment - Numerous policies have been introduced to support the power and electrical equipment industry, emphasizing growth targets, market reforms, and rural electrification [11][13]. - Key policies include the "Power Equipment Industry Growth Stabilization Work Plan (2025-2026)" which sets revenue growth targets for traditional power equipment at around 6% annually [13][15]. Industry Operating Conditions - In the first three quarters of 2025, investment growth in power generation and grid construction continued, with a notable increase in the construction of new energy systems [17]. - The total installed power generation capacity reached 3.72 billion kW by the end of September 2025, a year-on-year increase of 17.5% [18]. Industry Competitive Landscape - The industry exhibits a pyramid-shaped competitive structure, with a high degree of marketization and significant pressure on capital occupation. The number of enterprises in the power and electrical equipment manufacturing sector exceeds ten thousand, with small and medium-sized enterprises making up a large proportion [21][22]. - The competition is particularly fierce in the low and medium voltage cable sectors, while high voltage and ultra-high voltage cable production is dominated by a few key players due to high technical barriers [21]. Industry Financial Status - The profitability of the industry is affected by the dual pressures of upstream raw material costs and downstream customer pricing. In the first half of 2025, sample enterprises saw a slight increase in operating profit, with overall revenue growth of 1.07% [27][28]. - The financial leverage of sample enterprises decreased slightly by mid-2025, remaining at a moderate level, with an average asset-liability ratio of around 58% [33][36]. Industry Bond Market Performance - The credit status of the power and electrical equipment industry remains stable, with no defaults reported in 2025. The majority of bonds issued are short-term financing bonds and general corporate bonds [39][40]. - As of the first nine months of 2025, 37 bonds were issued, primarily by local state-owned enterprises with AAA ratings, indicating a preference for short-term flexible financing [41][43].

记者12月23日获悉，近日，国家发展改革委、国家能源局印发《关于促进光热发电规模化发展的若干意见》（以下简称 《意见》），提出到2030年，我国光热发电发展总装机规模力争达到1500万千瓦左右，度电成本与煤电基本相当，技术实 现国际领先并完全自主可控，行业实现自主市场化、产业化发展，成为新能源领域具有国际竞争优势的新产业。 党的二十大报告提出要加快规划建设新型能源体系，党的二十届四中全会也强调要加快建设新型能源体系。光热发电兼具 调峰电源和长时储能双重功能，能够有效平抑风电、光伏发电等新能源出力的波动性，是加快构建新型电力系统的重要支 撑。同时，光热发电产业链长，规模化开发利用将成为我国新能源产业新的增长点。 国家能源局有关负责人介绍，经过多年发展，我国已成功掌握塔式、槽式、菲涅尔式等主流光热发电技术，已建成全球领 先的光热发电产业链，电站单位千瓦建设成本从10年前的约3万元下降至1.5万元，度电成本降至0.6元上下，已初步具备规 模化发展的基础。但我国光热发展还面临初始投资大、市场竞争能力偏弱、系统支撑调节价值未充分体现、产业技术水平 仍需提升的问题。 为破解光热发电发展瓶颈，《意见》提出一揽子政策措施，为 ...

原标题：潮涌海之南 "绿"动自贸港——中国华能助力高标准建设海南自贸港综述 日前，海南自由贸易港正式启动全岛封关。海南自由贸易港成形起势，是开放中国的生动缩影。在 这片热土上，中国华能作为最早扎根海南的发电央企，坚决贯彻党中央、国务院重大部署，贯彻能源安 全新战略，始终以"建设'三色'公司 服务能源强国"的使命担当，护航自贸港能源安全稳定供应，将澎湃 绿能化作自贸港产业升级的坚实保障，化作万家灯火的无限暖意。 积极服务海南经济社会高质量发展，中国华能在琼构建起集电力、热力、贸易、保险、证券、服务 等多元产业的综合发展格局，先后设立华能海南分公司、华能昌江核电公司等多家骨干企业，发起成立 国际能源交易中心，累计在琼投资超700亿元，目前发电总装机超542万千瓦，装机容量和市场份额全省 第一，年发电量约占全省统调三分之一。海南建省以来，中国华能在琼累计发电量占海南全社会用电量 超54%。 守望相助 筑牢能源安全"压舱石" "十四五"以来，中国华能立足国资央企新职责新使命，围绕集团公司"三六六"发展战略，将海南作 为战略要地、发展高地、投资重地，充分发挥央企"三个作用"，当好"三个排头兵"，深度融入海南"三 极一带 ...