Core Viewpoint - The recent auction results for the 2025 renewable energy mechanism electricity prices in Shandong Province indicate favorable conditions for wind energy projects, with wind power prices significantly above the auction lower limit and close to the upper limit, suggesting a favorable investment return for wind projects [2][5]. Summary by Category Electricity Pricing - The mechanism electricity price for photovoltaic (PV) energy is set at 0.225 yuan per kilowatt-hour, with an accepted volume of 1.248 billion kilowatt-hours, representing 80% of the mechanism volume [1][4]. - The mechanism electricity price for wind energy is set at 0.319 yuan per kilowatt-hour, with an accepted volume of 5.967 billion kilowatt-hours, representing 70% of the mechanism volume [1][4]. Project Details - A total of 1,175 PV projects were selected, with a combined capacity of 1.27 GW, including 1.22 GW from centralized PV and 46 MW from distributed PV [4]. - For wind energy, 25 projects were selected, covering centralized onshore, distributed onshore, and offshore wind types, with a total capacity of 3.59 GW [4]. Market Trends - The overall scale of domestic renewable energy development is expected to remain stable during the 14th Five-Year Plan period, with a greater focus on wind energy compared to the previous plan, benefiting companies in the wind energy supply chain [6]. - Companies to watch include Goldwind Technology, SANY Renewable Energy, Yunda Co., and Times New Materials [6].

竞价申报主体：竞价申报主体为已投产和计划次年1 2月3 1日前投产（首次竞价为2025年6 月1日- 12月31日内投产），且未纳入过机制电价执行范围的新能源项目。 文 | 山东省发改委 7月2 8日，山东省发改委发布关于公开征求《山东省新能源机制电价竞价实施细则（征求 意见稿）》意见的通知。 其中 提 到， 任 何 单 位 不 得 将 配 置 储 能 作 为 6 月 1 日 及 以 后 投 产 风 电 、 光 伏 项 目 核 准 、 并 网、上网等的前置条件。 竞价主体 竞价申报主体例外情况： 一般工商业、大型工商业分布式光伏，以及增量配电网、源网 荷储一体化、绿电直连等项目的风电、光伏发电， 除自发自用电量以外的上网电量全部 参与电力市场交易，不纳入机制电价执行范围。 分布式竞价代理商：自然人、非自然人户用分布式光伏项目可自主参与竞价，也可委托竞 价代理商代理参与。 分布式竞价代理商参与方式：分布式竞价代理商每次竞价所代理项目总容量应不高于1 0万 千瓦（项目个数不做限制）。 并网时间认定方式 新能源项目全容量并网时间，以项目首次并网时间为准，其中： 风电、集中式光伏和1 0千伏及以上分布式光伏项目，为电 ...