中国已推进实施3259万千瓦绿电直连项目 中新社北京2月27日电 (记者 王梦瑶)据中国国家能源局27日消息，目前全国有84个绿电直连项目已完成 审批，新能源总装机规模3259万千瓦。 绿电直连是指风电、太阳能发电、生物质发电等新能源不直接接入公共电网，通过直连线路向单一电力 用户供给绿电。 此外，新疆探索零碳园区和增量配电网建设绿电直连项目。黑龙江齐齐哈尔市规划建设离网型制氢制醇 绿电直连项目，新能源规模120万千瓦。山西大同市绿电园区就近接入52万千瓦新能源，打造新能源制 造基地和出口导向型制药基地。(完) 来源：中国新闻网 编辑：万可义 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 此前中国官方已发文，支持符合条件的风光发电向用户"点对点"供电，打通新能源消纳"最后一公里"， 为出口企业量身打造"绿色护照"，为用电负荷可调节的企业提供发展新机遇新空间，驱动企业从"单一 降本"向绿色竞争力赛道跃迁。 据国家能源局介绍 ...

记者从国家能源局了解到，目前，我国已有3259万千瓦绿电直连项目推进实施，进一步打通新能源消 纳"最后一公里"。国家能源局今天发布数据显示，目前，全国有84个绿电直连项目已完成审批，新能源 总装机规模3259万千瓦。电力规划设计总院能源政策与市场研究院院长凡鹏飞介绍，绿电直连是指电源 不再直接接入公共电网，而是通过与用户相连的电力线路直接向用户供电。现阶段，绿电直连的电源主 要是风能、太阳能、生物质能等新能源。各地绿电直连应用场景也在向多元化发展，内蒙古乌兰察布建 设全国首个数据中心绿电直连项目，新能源年自发自用电量8.5亿千瓦时。新疆探索零碳园区和增量配 电网建设绿电直连项目。黑龙江齐齐哈尔市规划建设离网型制氢制醇绿电直连项目，新能源规模120万 千瓦。（央视新闻） ...

新世纪评级 能源行业 2025 年信用回顾与 2026 年展望 能源 稳定 能源行业 2025 年信用回顾与 2026 年展望 工商企业评级部 凌辉 摘要 近年我国持续推进绿色低碳转型，可再生能源消费占比增加显著，能源消 费结构朝着清洁化、低碳化方向稳步迈进。受国内经济增长动力转换影响， 以网络通信、新能源新材料、人工智能、生命科学等为代表的新质生产力 成为能源消费增长新驱动，我国能源消费总量仍保持了较高增速。2024 年 以来我国煤炭、原油及天然气产量继续增长，新型储能保持蓬勃发展。伴 随油气电网络不断织密，能源大范围输送能力提升，能源系统韧性不断增 强。近年能源投资增加明显，尤其在能源效率提升、可再生能源、输配电 网络、储能、煤电升级等领域。根据"十五五"规划建议，未来五年我国 将加快新型能源体系建设，清洁能源基地、储能、智能电网、微电网、分 布式能源、零碳工厂及园区等或成为政策重点支持方向。 主要能源品种方面：（煤炭）2025 年国内煤炭价格呈 N 型走势，中枢同比 下移。供应端产量小幅增长但前高后低，上半年产量高增致市场过剩，7 月超产专项核查后产量增速持续收窄，政策调控成为产量变化的核心主 导因素。 ...

证券研究报告·公司深度研究·其他电源设备Ⅱ 东方电气（600875） 东方巨擎，筑能源之基 2026 年 02 月 24 日 买入（首次） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 60,677 | 69,695 | 80,756 | 90,713 | 99,988 | | 同比（%） | 9.60 | 14.86 | 15.87 | 12.33 | 10.22 | | 归母净利润（百万元） | 3,550 | 2,922 | 3,501 | 4,524 | 5,440 | | 同比（%） | 24.23 | (17.70) | 19.80 | 29.23 | 20.24 | | EPS-最新摊薄（元/股） | 1.03 | 0.84 | 1.01 | 1.31 | 1.57 | | P/E（现价&最新摊薄） | 32.96 | 40.05 | 33.43 | 25.87 | 21.51 | [Table_Tag] [T ...

2月19日，大年初三。位于南宁市武鸣、宾阳、兴宁三县区交界处的白凿山云雾缭绕，南宁抽水蓄 能电站里一派火红喜庆的节日氛围。 这个历经1200多天的日夜奋战、凝聚3000余名建设者智慧和汗水的国家"十四五"重大工程，迎来春 节保供电"首秀"。 "春节假期，南宁抽蓄电站每天启动5次左右，调节电量达到420万度，相当于70万居民用户一天的 用电需求。"南网储能南宁蓄能发电公司副总经理刘毅介绍。 扫码上广西云客户端看相关视频 作为广西首座抽水蓄能电站，南宁抽水蓄能电站拥有诸多成功的创新应用经验。不久前，首台国产 抽水蓄能电压源型静止变频器在南宁抽水蓄能电站一次性并网成功，标志着我国新型抽水蓄能变频器的 自主研制取得成功。 近日，桂林灌阳抽水蓄能电站传来捷报，长达2376米的自流排水洞实现全面贯通，地下工程贯通总 长已经过半，进入全面建设加速期。春节假期，300多名建设者同时推进7个工作面的施工任务，进行多 个施工支洞的开挖支护。 在玉林，历经近11个月的开挖后，全长1751米的福绵抽水蓄能电站进厂交通洞实现贯通，将承担地 下厂房与输水系统连接功能。至此，电站总长3059米的地下厂房施工主要通道全面建成，为主体工程开 ...

（来源：河北新闻网） 转自：河北新闻网 守岗传温情，攻坚践初心。最近，国网新源河北抚宁抽水蓄能电站项目再传捷报：最后一台机组——4 号机组的座环蜗壳顺利完成吊装，120万千瓦的"超级充电宝"加速成型。 地下110米，灯光如昼。巨大的厂房穹顶之下，一座重176吨，高2.5米，最大直径近12米的座环蜗壳正 对准基础环缓缓降落。 作为国家能源局"十三五"规划重点项目，国网新源抚宁抽水蓄能电站总投资80.59亿元，总装机容量120 万千瓦，计划2027年实现首台机组投产发电。 国网新源河北抚宁抽水蓄能电站机组安装负责人 方一鸣：目前我们电站已经全面进入机电安装的高峰 期，上水库大坝已经填筑近80%，下水库大坝已经填筑到顶，引水系统已经全面贯通，2028年四台机组 全部并网发电。 国网新源抚宁抽水蓄能电站建成投用后，将有效增强风电、光伏等新能源的消纳和区外来电的接纳能 力，提高电力系统的安全可靠性和运行经济性。 国网新源河北抚宁抽水蓄能有限公司机电部主任 任伟：同时具有调峰、储能、系统备用和黑启动等多 项功能，每年可减少标准煤耗10.52万吨，减少二氧化碳排放24.9万吨，直接降低能源消耗和相应的碳排 放。 俸俊是此次 ...

（来源：内蒙古日报） 转自：内蒙古日报 □本报记者 巴依斯古楞 2025年12月30日，锡林郭勒供电公司铸牢中华民族共同体意识典型经验，被正式确定纳入中央民族大学 铸牢中华民族共同体意识教材体系。 这一成果的取得，不仅体现了锡林郭勒供电公司民族团结进步工作从实践深耕向理论凝练的转化，更标 志着内蒙古电力集团民族团结进步工作实践成果跻身国家高校案例库，实现企业实践经验向高校教学资 源的成功转化。 在一望无际的锡林郭勒大草原上，一条条输电线路如银色纽带，既输送着驱动地区发展的强劲电能，更 串联起各族群众守望相助的深厚情谊。 统计显示，"十四五"期间，锡林郭勒供电公司构建"站、点、网、员、厅"全覆盖服务体系，为2480个社 区网格配备了611名电力服务员，以"上门、入户、进群"提供贴心服务，织密了服务各族群众的"连心 网"。 "边境苏木的群众和哨所官兵离不开电，我们多跑几趟、多守几天，他们的生活就能更安心。"苏尼特左 旗达来苏木供电所所长康炜的话，道出了电力人扎根边疆的初心。多年来，供电所员工不仅守护着片区 的光明，更把各族群众当亲人。牧民家电路老化，他们免费上门更换线路；独居老人行动不便，他们定 期上门排查用电隐 ...

Core Viewpoint - The recent notice from Southern Power Grid in Guangdong regarding distributed photovoltaic power generation during the Spring Festival highlights the risk of negative electricity prices due to a significant drop in electricity demand while supply remains high, indicating a need for system regulation [2][5]. Group 1: Negative Electricity Prices - Negative electricity prices are becoming a common issue in the context of China's energy transition and market reforms, reflecting challenges in absorbing large-scale renewable energy [5][18]. - The occurrence of negative prices is not a sign of market failure but rather a necessary outcome of the efficient price mechanism in the electricity market [5][18]. - Negative prices have been observed in various industries, indicating that they are not unique to the electricity sector and are a result of short-term supply-demand imbalances [7][8]. Group 2: Impact on Power Generation Companies - Concerns that negative prices will lead to widespread losses for power generation companies are unfounded, as a multi-faceted revenue system has been established to mitigate these impacts [10][11]. - The long-term contracts in the electricity market allow companies to secure most of their revenue, thus providing stability against fluctuations caused by negative prices [11]. - The growth of green certificate trading has become a significant revenue source for distributed photovoltaic projects, helping to offset the effects of negative prices [11]. Group 3: Future of Negative Prices - Negative prices are expected to become a regular feature of the electricity market rather than a temporary phenomenon, driven by the increasing share of renewable energy generation [13][18]. - The ongoing expansion of renewable energy capacity and improvements in market mechanisms will likely lead to more frequent occurrences of negative prices as a tool for balancing supply and demand [13][18]. Group 4: Benefits to Users - Negative prices can provide economic benefits to users, particularly commercial users, by linking retail electricity prices to real-time market prices, allowing them to share in the cost savings [15][16]. - The mechanism of negative pricing helps internalize external costs associated with excess electricity, encouraging efficient resource utilization and minimizing social costs [16][18].

Core Viewpoint - The Guangxi Zhuang Autonomous Region aims to promote the development of green electricity direct connection projects, which involve supplying renewable energy such as wind, solar, and biomass directly to single electricity users without connecting to the public grid, thereby ensuring clear physical traceability of the supplied electricity [1][2][46]. Overall Requirements - The green electricity direct connection refers to renewable energy not directly connected to the public grid, using dedicated lines to supply electricity to single users, categorized into grid-connected and off-grid types [4][49]. - The development goal is to meet the green energy needs of enterprises and enhance the local consumption of renewable energy, with a target to achieve significant results in the integration of renewable energy production and consumption by 2027 [4][49]. Main Tasks - New load projects are encouraged to integrate renewable energy for green electricity direct connection, particularly in industries such as steel, non-ferrous metals, construction materials, and data centers [6][50]. - Existing loads with coal or gas self-supplied power plants are supported to transition to green electricity direct connection, aiming to reduce carbon emissions and adapt to international trade requirements [6][50]. - Exploration of diverse application scenarios for green electricity direct connection is encouraged, especially in remote areas lacking public electricity supply [6][51]. Project Requirements - Green electricity direct connection projects are primarily the responsibility of the load, with investments potentially coming from either the load or the power generation company [7][52]. - The load must be a single electricity user with independent metering conditions, and specific requirements for new loads and existing loads are outlined [8][53]. - The configuration of renewable energy sources must adhere to the principle of "load determines source," with specific ratios for self-consumed electricity [9][54]. Direct Connection Line Construction and Grid Connection Requirements - Grid-connected projects must connect to the public grid at a voltage level not exceeding 220 kV, with a maximum line length of 50 kilometers [10][55]. - Projects are encouraged to enhance system friendliness through the configuration of energy storage and flexible load adjustment capabilities [10][55]. Scheduling and Operation Requirements - Green electricity direct connection projects should achieve internal resource optimization and may establish dedicated power control platforms [11][56]. - Projects must comply with national regulations for grid connection and operational management, ensuring that internal resources are measurable and controllable [11][56]. Safety Responsibility Clarification - Projects must implement safety management measures and clarify safety responsibilities between the project and the public grid [12][56]. Other Requirements - Projects must comply with pricing mechanisms and pay relevant fees, with metering conditions established for electricity settlement [13][56]. - The projects are encouraged to innovate in investment models and ensure fair participation in the electricity market [14][15].

Core Insights - The overall utilization rate of wind and solar power in China remained above 94% in 2025, but for the first time during the "14th Five-Year Plan," it fell below 95% for the entire year, with wind utilization at 94.3% and solar utilization at 94.8% [2][3] - The provinces of Qinghai, Tibet, Xinjiang, and Gansu saw solar utilization rates drop below 90%, with Tibet having the lowest at 64.9%, while wind utilization in Tibet was also the lowest at 68.6% [2] - The rapid growth in installed capacity of wind and solar power is leading to increased pressure on the power system to absorb this energy, with significant seasonal and temporal variations in energy generation [3][4] Installed Capacity and Market Trends - In 2025, China's wind and solar power installations exceeded 430 million kilowatts, with total installed capacity surpassing 1.8 billion kilowatts, a 2.4-fold increase from the end of the "13th Five-Year Plan" [3] - The proportion of renewable energy in total installed capacity rose from 25.7% at the end of 2020 to 48.5% by the end of 2025 [3] - The China Photovoltaic Industry Association forecasts a year-on-year decline of 23.8% to 42.9% in new solar installations for 2026, attributed to challenges in energy absorption [4] Challenges and Recommendations - The phenomenon of "curtailment" of renewable energy is becoming more common, driven by the uneven distribution of energy generation and the homogeneity of power sources [3][5] - Experts suggest that addressing the challenges of energy absorption requires innovative approaches, including the development of new business models and integration of renewable energy into various applications [4] - The industry is advised to focus on market strategies, enhancing absorption capabilities, and diversifying market participation to improve competitiveness and ensure revenue stability [5]